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.
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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.
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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.
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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.
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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.
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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.
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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.
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Forex Trading Course
About Lesson

Introduction to the Global Forex Market

The Forex market is a worldwide market of currencies (called instruments). The market measures the value of a currency in terms of another currency’s value (e.g. $1 = £0.66). Nowadays our world is a single, large global market. Different currencies change hands anytime, any place – for trading purposes, investments, loans, and partnerships. The globe is an enormous market where the forces of supply and demand are constantly changing due to the range of events taking place each and every day. Did you know that almost everyone has taken part in Forex activities? Changing currency when flying to a foreign country for a holiday or business trip, giving a quote to a client, or even chatting with friends or colleagues about the dollar, euro, or other currencies, are all ordinary activities that participate in the Forex market. The Forex market is the most traded market in the world, larger than any other market. Daily trading volume amounts to approximately 5 trillion dollars!! For comparison, the biggest stock market, the NYSE (New York Stock Exchange), has a daily turnover of around 50 billion dollars (which is 100 times less than Forex). Amazing, right? There is no other market equal to the Forex market. What is Forex? Let’s go back to the holiday example. Say you’re on a short vacation trip from your home in New York to Rome, Italy. By landing at the airport and changing your dollars into Euros you participate in a Forex transaction. A few days later, after flying back from Rome to NY, you change the Euros you have left back into dollars at a slightly different price. In the second act, you executed a transaction opposite to the first, closing a circle of buying and selling one currency for another. So far so good? Great!

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