Course Content
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

Trading Forex may sound complicated, but the process is actually simple once you understand the steps. Instead of buying and selling physical money, you use a trading platform to speculate on whether one currency will rise or fall against another.

In this lesson, you’ll learn the step-by-step process of trading Forex, from choosing a broker to placing your first order.

1. Open a Trading Account

To trade, you first need a Forex broker. A broker provides access to a trading platform where you can buy and sell currencies.

2. Fund Your Account

Deposit money into your trading account. Most brokers allow bank transfer, cards, or e-wallets.

3. Choose a Currency Pair

Currencies are traded in pairs, like EUR/USD or GBP/JPY. Decide which pair you want to trade.

4. Analyze the Market

Before entering a trade, check the charts and apply analysis:

  • Technical analysis → using indicators and price charts.
  • Fundamental analysis → checking news, economic reports, interest rates.

5. Decide Whether to Buy or Sell

  • If you believe the base currency (first in the pair) will rise, you buy (go long).
  • If you believe it will fall, you sell (go short).

6. Set Stop Loss and Take Profit

These tools help you manage risk:

  • Stop Loss (SL): Closes your trade if the market moves against you.
  • Take Profit (TP): Locks in your profits once your target is reached.

7. Monitor and Close the Trade

After opening a position, monitor it. You can close manually or let SL/TP do the work.

Key Takeaway

Trading Forex is about:

  1. Having a broker account.
  2. Choosing a currency pair.
  3. Analyzing the market.
  4. Deciding to buy or sell.
  5. Managing your risk.