Forex Trading Beginners Course - Learn the basics of Forex trading!
- Clear and RELIABLE online content created by a professional Forex trader
- Learn the basics of trading the Forex markets
- FREE content. No fees or sign-up required
- All the basics of Forex explained!
- Video Course and PDF available
- NO REGISTRATION required
- PERFECT for new traders
If you are new to Forex trading, you have come to the right place - this course will teach you all the basics of Forex trading!
For most, Forex trading can become a money making hobby. For those who are more serious about trading, Forex trading can become a super career with fantastic advantages, such as earning a significant income and working from home.
The online course is available below, simply scroll down to get started! All course videos are from my YouTube channel. The Forex basics PDF is available for download at the end of the course.
If you have any questions about Forex trading, please feel free to contact me - info@love-the-pips.com.
What is Forex trading?
Forex is the abbreviation of foreign exchange - the market where global currencies are bought and sold. The Forex market provides real-time prices of currencies and offers the public - you and I - an opportunity to buy and sell currencies.
The value (or price) of any currency fluctuates on a daily basis, creating money-making opportunities . Someone that trades Forex aims to buy a particular currency at a specified price and then sell that currency for a higher price, hence making a profit.
The Forex market is open 24 hours a day, 5 days a week (Sunday 2200 GMT - Friday 2200 GMT / Sunday 1700 EST - Friday 1700 EST).
In the Forex market, currencies are abbreviated into 3 letter acronym, such as EUR for Euro and USD for US Dollar.
The most popular currencies bought and sold (traded) are...
AUD - The Australian Doller
CAD - The Canadian Dollar
CHF - The Swiss Franc
EUR - The Euro
GBP - The British Pound
JPY - The Japanese Yen
USD - The US Dollar
Currencies can only be traded in pairs, called Forex pairs. The most traded Forex pairs are...
AUDUSD - The Australian Doller against the US Dollar
EURUSD - The Euro against the US Dollar
GBPUSD - The British Pound against the US Dollar
USDCAD - The US Dollar against the Canadian Dollar
USDCHF - The US Dollar against the Swiss Franc
USDJPY - The US Dollar against the Japanese Yen
Please watch the video below. The video will teach you the basics of Forex, including; what Forex trading is, market hours, Forex pairs and more...
Can you make money trading Forex?
Currency value (or price) fluctuates on a daily basis. Today, the British Pound (GBP) could be worth 1.2589 US Dollars (USD). Tomorrow, the GBP could be worth 1.2711 USD. Forex traders seek to profit from these price movements by buying a currency and then selling that currency for a higher price in the future.
The first currency in a currency pair is known as the base currency. The second currency in the pair is known as the secondary currency. The pair is priced by comparing 1 unit of the base currency against the secondary currency... Let's look at a couple of examples...
GBPUSD
British Pound is the base, US Dollar is the secondary
If this pair is trading at 1.4750, then for 1 British Pound, you would receive 1.4750 US Dollars
USDJPY
US Dollar is the base, Japanese Yen is the secondary
If this pair is trading at 111.50, then for 1 US Dollar, you would receive 111.50 Japanese Yen
Learning how to trade Forex profitably can be life-changing. A Forex trading career offers uncapped earning potential, the freedom to be your own boss and the opportunity to work from the comfort of your own home - becoming a successful Forex trader is a dream career! For those that have strict commitments with family, employment, self employment or study, Forex can become a fun money-making hobby.
Please watch the video below. The video will teach you the basics of why you should trade Forex...
How do you trade Forex?
The Forex market is accessible by using a Forex broker. Without a Forex broker, you cannot trade Forex. Forex traders use Forex brokers as their platform to access the market in order to buy and sell currencies.
Forex brokers make money by charging you a small commission on each trade you take.
Brokers allow traders to go both long and short currency pairs. Meaning that money can be made if a pair is appreciating or depreciating. A trader that goes long a currency pair is simply buying a currency pair in the hope of selling later at a higher price. A trader that goes short a currency pair is selling a currency pair in the hope of buying back later at a lower price.
Traders often use historical price data to analyse the market and assist in their trading decisions. Historical price data is usually displayed on a chart called a price chart. Studying these price charts and using them to predict where future price may be is referred to as technical analysis.
Traders also learn and analyse economic news events that impact the Forex market. This is called fundamental analysis.
The purpose of studying price charts (technical analysis) and economic news (fundamental analysis) is to help predict where future currency price may be. One of the keys to profitable Forex trading is knowing where currency price may be at some point in the future.
I am personally a trader that uses technical analysis - I read, study and use price charts on a daily basis. To be more specific, I use price action analysis, which is a form of technical analysis. You will learn more about price action in my next free course - price action trading basics.
Please watch the video below. The video will teach you the basics of how to trade Forex.
Download my FREE Forex basics PDF...
