Lesson 1: What is Forex Trading?
- Learn what Forex is and why itβs the worldβs largest financial market.
- Understand how currencies are traded in pairs (EUR/USD, GBP/JPY, XAU/USD).
- The role of brokers and liquidity providers.
- Trading sessions (London, New York, Asian).
Lesson 2: How Forex Trading Works
- Bid price, Ask price, and Spreads explained.
- What is a Pip?
- Lot sizes (Standard, Mini, Micro).
- Understanding leverage and margin basics.
Lesson 3: Best Forex Trading Strategies for Beginners
- Introduction to trend trading.
- Support & Resistance basics.
- Using Moving Averages for entries.
- Simple breakout strategy.
Lesson 4: Choosing a Forex Broker
- Regulated vs. unregulated brokers.
- What to check before opening an account (spreads, leverage, platforms, regulation).
- Account types (Standard, ECN, Cent).
- Demo account vs. Real account.
Lesson 5: Developing a Trading Plan
- Why having a plan is more important than signals.
- Setting realistic goals.
- Deciding risk per trade.
- Timeframes for beginners (M15, H1, H4).
Lesson 6: Using Forex Signals
- What forex signals are and how to read them.
- Entry price, stop loss, take profit explained.
- Pros and cons of following signals.
- Learning to combine signals with personal analysis.
Lesson 7: Managing Risk
- Never risking more than 1β2% per trade.
- Importance of stop losses.
- Risk/Reward ratio explained with examples.
- Avoiding over-leverage.
Lesson 8: Improving Trading Psychology
- Patience: waiting for setups.
- Discipline: following your plan.
- Common beginner mistakes (revenge trading, overtrading).
- Building confidence with demo practice.
β This Basic Course covers everything a new trader needs to start safely.
Read more: π Basic Forex Trading Course (Beginner Level)