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Forex School / Beginner

Forex Trading for Beginners

Understand currency pairs, trading costs, leverage and risk. Build and test a demo plan through 16 guided lessons, practical exercises, quizzes and a reviewed final project.

Free learningView course curriculum

What you will learn

  • Read currency pairs and calculate pips, position size, notional exposure and margin.
  • Account for trading costs and recognise the limits of stops and leverage.
  • Describe charts and economic news, and test precise rules without selecting only favourable results.
  • Research a provider, keep a demo journal and submit a complete evidence based learning project.

Course curriculum

Follow the sequence. Each lesson shows its access requirements.

Module 1 Market foundations

  1. Lesson 1 Introduction to the Forex Market

    Explain forex, identify a currency pair, distinguish buying from selling, and describe pips, lot size, spread, and leverage in plain language.

    30 minutes · Free to read

  2. Lesson 2 Currency Pairs Pips and Lots

    Convert price differences into pips, calculate pip value, and distinguish position units from account currency.

    35 minutes · Free to read

  3. Lesson 3 Market Participants Sessions and Products

    Explain why currencies are traded, distinguish instruments, and plan observations using correct time zones.

    25 minutes · Free to read

  4. Lesson 4 Broker Checks and Demo Setup

    Research the legal entity behind a service, recognise warning signs, and prepare a realistic demo account.

    30 minutes · Free to read

Module 2 Trading mechanics and risk

  1. Lesson 5 Orders Execution and Trading Costs

    Choose an order type for a stated purpose, explain bid and ask execution, and calculate trading costs without counting them twice.

    35 minutes · Free to read

  2. Lesson 6 Leverage Margin and Account Equity

    Calculate notional value and indicative margin, interpret account fields, and explain why a margin deposit is not a loss limit.

    35 minutes · Free to read

  3. Lesson 7 Position Sizing and Exposure

    Convert a demo loss budget into units, include costs, round sizes appropriately, and recognise shared currency exposure.

    45 minutes · Free to read

  4. Lesson 8 Risk Reward and Expectancy

    Express results in R, calculate basic expectancy, and explain why win rate alone is incomplete.

    35 minutes · Free to read

Module 3 Analysis and testing

  1. Lesson 9 Reading Charts and Market Structure

    Read a candle, describe a trend or range, and use indicators without treating them as certain signals.

    35 minutes · Free to read

  2. Lesson 10 Fundamentals and Economic News

    Identify information that can influence currencies, compare releases with expectations, and prepare a calendar observation.

    30 minutes · Free to read

  3. Lesson 11 Building a Rule Based Practice Setup

    Convert an idea into reproducible entry, exit, and invalidation rules and identify conditions requiring no trade.

    40 minutes · Free to read

  4. Lesson 12 Backtesting and Reviewing Evidence

    Keep a reproducible test log, avoid common biases, and calculate basic performance statistics with appropriate limits.

    45 minutes · Free to read

Module 4 Practice and decision making

  1. Lesson 13 Psychology and Journaling

    Recognise common decision errors, record process quality, and use practical rules to interrupt impulsive behaviour.

    30 minutes · Free to read

  2. Lesson 14 Writing Your Demo Trading Plan

    Produce a plan that someone else can follow and define actions for ordinary and disrupted conditions.

    40 minutes · Free to read

  3. Lesson 15 Guided Demo Practice

    Carry a simulated trade from research to reconciliation and demonstrate the same reasoning for a rejected trade.

    60 minutes · Free to read

  4. Lesson 16 Capstone Review and Next Steps

    Present evidence of calculation accuracy, procedural consistency, and a realistic understanding of what remains unknown.

    45 minutes · Free to read