Course Content
Module 1: Forex Essentials and Market Mechanics
This module introduces you to the core principles of forex trading. You’ll learn what the forex market is, what currencies are traded, how currency pairs work, and the difference between buying and selling in forex. We also cover the main types of forex orders and when to use them. By the end of this module, you’ll understand the basic mechanics of the forex market and be ready to place your first trade with confidence.
0/22
What is Forex Trading?
Test Your Forex Basics
00:04:00
How Forex Trading Works
How Well Do You Understand How Forex Works?
00:04:00
The History of Forex Trading
The Evolution of the Forex Market
What’s Traded in Forex?
What Is Traded on Forex?
00:04:00
How to Trade on Forex?
Do You Know How to Trade on Forex?
00:04:00
When to Buy or Sell a Currency Pair?
Should You Buy or Sell? Let’s Test You!
00:04:00
Types of Forex Orders
Do You Understand Forex Orders?
00:04:00
Forex Trading Sessions
Test Your Knowledge of Forex Trading Sessions
00:04:00
Forex Market Participants
Who’s Who in the Forex Market?
00:04:00
Forex Broker Basics
What is a Forex Broker and Why Do You Need One?
00:04:00
Forex Trading Platforms (MT4, MT5, etc.)
Forex Trading Platforms (MT4, MT5)
00:04:00
Module 2: Technical Tools and Charting Fundamentals
Build your knowledge of technical analysis with a step-by-step introduction to the most important trading tools. You’ll explore the three main types of market analysis, learn how to read line, bar, and candlestick charts, and understand support and resistance levels. We’ll also introduce key forex indicators like moving averages, Bollinger Bands, RSI, and Fibonacci retracements, giving you a solid charting foundation to analyze any market.
0/22
Types of Forex Market Analysis
Types of Forex Market Analysis
00:05:00
Technical analysis
Do You Understand the Basics of Technical Analysis?
00:05:00
Fundamental Analysis
Test Your Knowledge of Fundamental Analysis
00:05:00
Sentiment Analysis
Sentiment Analysis
00:04:00
Which Type of Analysis for Forex Trading is Best?
Understanding Forex Analysis Approaches
Chart Types (Line Charts, Bar Charts, and Candlesticks)
Understanding Forex Chart Types
00:05:00
Support and Resistance
Support and Resistance
00:05:00
Trend Lines
Test your Knowledge on Trend Lines
00:05:00
How to Trade Support and Resistance
Test your Knowledge on How to Trade Support and Resistance
00:04:00
Fibonacci Trading
Test Your Knowledge on Fibonacci Trading
00:04:00
Moving Averages
Understanding Moving Averages
00:05:00
Module 3: Patterns,Indicators and Trade Setups
Take your technical analysis skills further by learning how to identify chart patterns such as head and shoulders, wedges, and triangles. We’ll compare leading vs. lagging indicators and explain how pivot points can help pinpoint entry and exit levels. This module will give you the skills to recognize high-probability trade setups and execute trades with more accuracy.
Forex Beginners Course: Learn Forex Trading Basics Step by Step

A forex broker acts as the middleman between you and the currency market. Since retail traders cannot trade directly with interbank institutions, brokers provide the trading platform, tools, and access to liquidity. Choosing the right broker is one of the most important steps for any trader.

Key Points

  1. What is a Forex Broker?

    • A company that provides traders with access to a trading platform for buying and selling currencies.
  2. Types of Forex Brokers:

    • Market Makers (Dealing Desk): Create their own market and may trade against clients.
    • ECN (Electronic Communication Network): Connects traders directly with liquidity providers.
    • STP (Straight Through Processing): Sends client orders directly to liquidity providers without intervention.
  3. Broker Services Include:

    • Trading platforms (e.g., MT4, MT5).
    • Leverage and margin options.
    • Order execution.
    • Educational resources and customer support.
  4. How Brokers Earn Money:

    • Through spreads (difference between buy & sell prices).
    • Through commissions on trades.
    • Overnight swap/rollover fees.
  5. Things to Check Before Choosing a Broker:

    • Regulation (e.g., FCA, CySEC, ASIC).
    • Trading conditions (low spreads, fast execution).
    • Available assets and platforms.
    • Deposit and withdrawal methods.

✅ Example

If you want to trade EUR/USD and your broker offers a spread of 1.2 pips, that cost is essentially the broker’s fee for allowing you to place the trade.

👉 Are you ready to start trading? Open a real account with a regulated broker and get access to the global forex market.
 Click here to create a free account with XM.

Previous
Next