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.
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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.
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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.
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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

Forex Signals – Follow live market updates.

Forex signal is an online trading alert on the currency pairs, indicating fresh trading opportunities. Signals services allow you to follow and copy trading actions and executions from experienced and successful traders. The providers of these alert services spot opportunities by using technical tools and fundamentals. Alerts are provided by analysts who perform their moves in real-time or by automated systems, like robots, which analyze the market using sophisticated algorithms. A signal’s quality depends on its success percentage, the simplicity of performance, system efficiency, and speed. Forex signals can be provided via websites, Emails, SMS, or tweets. Who are these services recommended for? Following alerts can be a terrific trading strategy if you:

  • Lack the time or energy to trade for yourself and maintain your trades
  • Look for extra income from as little effort as possible
  • Do you want to open more than one or two positions simultaneously? (it can be a great idea to open a couple of positions based on market alerts, side by side with your trading positions.)

How do market alerts work? To learn what an excellent live Forex signal includes, take a look at how Chweya signals are provided: FX Leaders forex signal

  • The pair – the relevant currency pair.
  • Action – trading signal telling you to buy or sell the pair.
  • Optional ‘Stop Loss’ and ‘Take Profit’ orders – traders using alerts are strongly advised to use Stop Loss orders when opening positions. All of Chweya’s trading alerts are provided with Stop Loss and Take Profit orders.
  • Status – The status of the alert signal. Active means an open signal. If an alert is active, traders are advised to follow it and enter the market.
  • Comments – appear whenever there is a live update regarding the signal.
  • Trade Now – go to the trading platform and open a position.

Follow the experts … for free! Chweya alerts are entirely FREE! On our Forex signals alert page, you can find daily live market updates, suggesting trading strategies on indices, commodities, and currency pairs!

What Not To Do

We’ve prepared for you a list of “7 Forex commandments”. Follow them carefully to trade like the pros:

  1. Don’t trade blindly following other traders’ opinions or analyses unless you understand the reasons behind their opinions and agree with them. Trust your judgments
  2. Don’t change your strategy in the middle of open positions. Do not reset your Stop Loss points. Don’t let your emotions and fear of failure control your decisions.
  3. Remember to treat trading as a business. Don’t be smug, too enthusiastic, or careless. Act Responsibly!
  4. Enter trades only if you find good enough reasons that support your decisions. Don’t open positions just “for fun” or out of boredom. Forex is not supposed to provide you with entertainment. If too much emotion is involved, then you’re probably not trading right. Forex is not considered to be exciting like gambling.
  5. Don’t be too hasty to exit a trade. Neither when winning or losing. Stick to your plan and close positions only when you feel the market behaves opposite to your earlier assumptions.
  6. Don’t use high leverage. Also, remember that the level of leverage must affect where you place your Stop Loss; placing it too close to your entrance price while using leverage can quickly erase your position.
  7. Don’t try to run too fast! Forex involves risk, but it isn’t Bellagio’s casino! Practice a little first, get to know your platform, don’t open too many positions at the same time, and be careful not to put your entire capital on the line for a single position.
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