Foundations of Forex Trading

Foundations of Forex Trading

Course Overview

In this course, you will be introduced to the largest financial market in the world, the Forex market. You'll learn why it's the largest, what it includes, and what drives it. We'll also show you how to easily calculate currencies, profits, and losses to manage your account and trades more effectively. By the end of the lesson, we’ll apply everything we’ve learned in a practical way on the trading platform to ensure you fully understand the material.

Instructors

Christy Achkar

Financial Market Analyst

Christy is a Financial Analyst at CFI who brings a fresh perspective to the finance sector. She holds a Bachelor’s degree in Banking and Finance and a Master’s degree in International Business with a focus on Finance. Her expertise lies in fundamental analysis, where she combines academic knowledge with practical insights.

What You Will Learn

What is Forex (FX) market and how it works?
How to read and understand currency pairs as a trader in [COUNTRY]
What are the factors that influence currency prices?
When the volume is highest and what are the main global trading sessions.
What are the key characteristics that make FX unique?
Learn how to manage risk, gauge trade costs, and spot potential returns with confidence.
Insights from major historical FX events
How to place a real trade on the MT5 platform as a trader in [COUNTRY]

Introduction to the Course

This video gives a brief overview to "Foundations of Forex Trading" course, explaining the key learning topics of this course and how they will support your trading strategy. You will discover the available modules and their importance to kickstart your forex trading journey.

Module 1: Introduction to the Forex Market

This module introduces the FX market by explaining what it is and how it operates. You'll learn how to read currency pairs and understand the factors that move exchange rates, such as economic news, interest rates and global events.

Module 2: Understanding Forex Trading Sessions

This module explains the forex market opening hours globally and what are the factors that impact trading volumes to fluctuate during different times of the day. You will also learn key characteristics of the FX market such as 24-hour access and high liquidity, including how sessions can impact its volatility.

Module 3: Forex Calculations

This module explains the basic calculations every trader needs while trading forex such as pips, how to calculate profits and losses, what are position size and margin work and how to calculate your free margin and margin level along with the examples like EUR/USD.

Module 4: Turning Facts to Trader Insights

This module showcases how real events shaped the forex market like George Soros’ bet against the British pound and the Swiss franc shock. You will learn what happened and how it mattered. You will also learn how traders can turn major news into opportunities and make smart trading decisions.

Module 5: Putting it All together

This module will help you apply your knowledge in real market conditions. You'll learn how to place an actual trade using the MT5 platform through a step-by-step practical demonstration.

Level

Beginner

Amount

6 Modules

19 Lessons

Duration

55 min

Language

English

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