The Forex course below consists of 92 lessons that will teach you the essentials of currency trading. The course was written by the founder and an economist at Rockefeller Treasury Services, Barbara Rockefeller, and co-written by Vicki Schmelzer, a senior FX correspondent, book author, and a professional Forex trader with 20 years of experience. It will guide you through the very basics, will show you how to do your own technical and fundamental analysis, will introduce you to advanced trading concepts, and will explain the real difference between a losing trader and a professional one. You will learn how to work with charts, apply indicators and simple patterns, plan your trades, manage your risks, and navigate your way through the industry. After going through these lessons, you will understand how to use sentiment analysis to you advantage, how real world events affect currency rates, what power central banks have over Forex, and what alternatives traders have to the popular spot FX trading.

Using Leverage allows traders to trade on the market with more money than what they have in their account. For example, if you were trading 2:1, you could use a $1,000 deposit, to control $2,000 of currency on the market. Many forex brokers offer as much as 50:1 leverage. how does forex trading work The price of a forex pair is how much one unit of the base currency is worth in the quote currency. So in the above example, GBP is the base currency and USD is the quote currency. If GBP/USD is trading at 1.35361, then one pound is worth 1.35361 dollars. Currencies are an important part of the world economy. For business to take place on an international level and for people to travel around the world, the exchange of currencies must take place. Unlike stocks and commodities which trade on an actual exchange, forex trading takes place completely via computer.

If you are new to the world of Forex and wish to understand how it works, then this course is for you. Here you will learn about the Forex markets, the terminology, how to set up an account and prepare for your first trade.

Each lesson ends with a short quiz — answer the questions after reading the text to assess yourself as you acquire new knowledge. Taking the quiz is optional — you can skip to the next lesson anytime.

This content is provided for educational purposes only. If you decide to apply what you have learned, you do so at your own risk. Please read our disclaimer: Wouldn't it be great if there was a way to tell which way the price is going to go before you buy or sell a currency? Even though there is no crystal ball that will tell you the future for certain, you have the potential to make money by determining the overall market direction of a currency and then trading in the same direction. So if you determine that the market direction is up, you can buy and if you determine the market direction is down, you sell. The beginner strategy gives you an easy step-by-step method to determine the market direction and the moment to buy or sell. The beginner strategy was developed with a focus on the EUR/USD currency pair but can be applied to other currency pairs for training purposes.

Note that due to its simplicity, the beginner strategy is not optimised for generating maximum profits. It is designed as a learning tool that helps you learn trading in hands-on, practial manner. Therefore, we highly recommend to use the beginner strategy on a demo account with play money until you are experienced enough to use real money or more advanced strategies. Navigating our beginner strategy Our forex trading beginner strategy is composed of five easy lessons. You can always switch between the different lessons in the side navigation to the left.

Each lesson has a video in the top right corner. We recommend you watch the video and read the lesson – but if you are short on time, watching the videos alone is already a great start. As a quick overview and as a reminder, we have also compiled the beginner strategy into an overview chart for you. You can download it as a PDF file now or later. How to do forex. Before we start, a quick question: Don't have a broker account? For our list of regulated and trustworthy brokers please visit.