Course Content
Introduction to Forex Market
Start with the basics; what is the forex market, who are the key players, learn about market structure and size, what are the advantages of forex trading, and why you should trade forex. Learn how to setup a free practice account so you can try everything you learn.
0/8
Basic Terminology
Learn the basic terminology used while trading forex. Get familiar with basic terms such as currency pairs, types of orders, pips, spreads, margins, and leverage.
0/2
Synchronize Time and Place for Forex Trading
Delve into what is traded in the forex market, major currency pairs, cross currencies, and exotic pairs. Find out when the forex market is the most active and how money is made from trading.
0/2
Get Equipped for Forex Trading
Familiarize yourself with the basic tools needed to successfully trade forex. Learn how to analyze charts, trend lines, and time-frames. Discover what trading strategies are at your disposal, such as; scalping, day trading, long vs. short trading, swing trading, and many more.
0/4
Fundamental Forex Trading Strategies
Discover the factors that most commonly influence the market and what impact they can have on your trading decisions. Learn how and when to use fundamental analysis, and the importance of a good economic calendar which details upcoming economic events.
0/3
Technical Forex Trading Strategies
Learn how to use technical analysis to evaluate the market and acquire a better understanding of the most popular trading strategies. You’ll learn about price action, support and resistance levels, chart patterns, and the importance of technical analysis.
0/4
Fibonacci Technical Indicator
The Fibonacci Indicator is one of the most commonly used indicators. Receive an in-depth explanation of what the Fibonacci indicator is and how to use it when trading. Start creating your personal trader's toolbox.
0/2
More Technical Trading Indicators
A profitable trader has many tools at his disposal. Learn about the essential tools used by traders such as; Moving Averages (MA), Relative Strength Index (RSI), Stochastic, Bollinger Bands, Parabolic SAR, ADX, and Pivot Points.
0/9
Killer Combinations for Trading Strategies
The key to using forex indicators is to which to use together. Learn more about the Elliott Wave prediction pattern, divergence trading, carry trading, currency correlation strategies, and retracement/reversal strategies. Learn which indicators to use together for the best results.
0/9
Forex in Relation to Stocks and Commodities and Trading with MetaTrader
Learn about the inter-relationship between stocks, commodities, and indices to the forex market. Take your first steps and learn how to master the MetaTrader trading platform.
0/3
Forex Trading Course
About Lesson

Currencies vs. Stocks:

Let’s take a look at the advantages of the Forex market compared to stock markets: Forex Market size compared to other industries

  1. Note the enormous difference between Forex and stock market volumes. While the media prefers to cover stock markets such as NASDAQ and NYSE, these markets are tiny compared to the Forex market (which is 10 times larger than all the stock markets in the world put together).
  2. Think briefly about stocks and goods: let’s assume you decide to trade stocks. The variety of stocks is so ridiculously large – on the NASDAQ alone, there are almost 4,000 companies registered; on the LSE (London Stock Exchange), there are another 2,000 companies! How do you figure out which stock to choose? You can get a headache even thinking about it! Forex is much simpler – there’s just a handful of main currency pairs to choose from.
  3. While stock markets close down every afternoon, the Forex market is open 24/5. There are many advantages to this, such as immediate order execution. The Forex market is also much more reactive to dramatic events than stock markets because continuous trading hours allow traders to respond instantly. There is no room for surprises or massive reactions following dramatic events outside trading hours (as can be the case with stocks). Reactions are always in real-time, live.
  4. No force can manipulate the market. Brokers and financial companies cannot control the market by raising and reducing the commissions we have to pay to activate our positions. Bottom line – traders do not pay fees.
  5. As opposed to stocks, in Forex, you can earn money in falling markets. It is very simple – whenever the value of one currency in a pair goes down, the value of the second currency goes up! To be precise, it is possible to profit from impairments in the stock market by selling and buying “shorts”),  but we relate to natural market conditions without manipulations. Remember, a constant “struggle” between the 2 currencies making up the pair. Selling one instrument means buying the other.

Let’s summarize the major advantages the Forex market has over the Stock market:

Stocks Forex
Big Gigantic
Hard to follow (complicated rules) Easy to understand
Open during working hours Open 24/5
Able to manipulate Huge earnings potential
Transaction Fees Free of charge
Shopping Cart