Forex course from scratch

Six thematically ordered modules covering the key areas of the Forex market — from fundamentals to psychology and risk management. Read the articles in sequence or jump straight to the module that interests you.

Forex market fundamentals

What Forex is, what CFDs are, whether it is gambling, and how much capital you need to start.

  1. What is the Forex market — definition, scale, OTC mechanics
  2. What is a CFD — contract for difference in forex and equities
  3. Is forex gambling? A mathematical view
  4. How much money do you need to start trading Forex?

Core concepts

Pip, leverage, equity and floating P/L — definitions with worked numerical examples.

  1. What is a pip and how much is it worth in EUR/USD?
  2. Leverage 1:500 — why it is a trap, not an opportunity
  3. Equity, balance and margin — three numbers on a trader account
  4. Floating P/L vs realized P/L — what does it mean?

Platform & execution

MT4, MT5, demo account and Expert Advisors — how to choose and get started.

  1. MetaTrader 4 — still the most popular forex platform
  2. MetaTrader 5 — what's better than MT4?
  3. Forex demo account — how to open it and what to actually practise
  4. Expert Advisors (EA) — automated trading in MT4/MT5

Technical analysis

Technical analysis basics, Bollinger Bands, ADX and ATR — indicators with examples.

  1. Technical analysis — an introduction for beginners
  2. Bollinger Bands — how to read and use this volatility indicator?
  3. ADX — Wilder's trend strength indicator (Average Directional Index)
  4. Average True Range (ATR) — basics, formula and the 14-period default

Risk management

Safe leverage use, expectancy formula, anti-martingale and compound vs fixed lot.

  1. Financial leverage — how to use it safely without blowing up the account
  2. Expectancy — does your strategy really earn?
  3. Anti-Martingale System — Sizing Up Positions on Wins
  4. Compound vs fixed lot — which position sizing system?

Psychology & practice

Trading journal, psychological mistakes, burnout and how to backtest a strategy.

  1. How to keep a trading journal that actually works?
  2. 10 trader psychological mistakes — from FOMO to self-attribution bias
  3. Trader Burnout — Four Phases of Exhaustion and How to Recover
  4. Backtest strategy — how to do it correctly?