Basic Forex Lessons
35lessons arranged as a course in five stages. Free, no sign-up, no upsell at the end — read them in order and you'll have the vocabulary and the risk discipline to make the indicator and EA material mean something.
Why the order is what it is
Most beginner forex material starts with entry signals, because that's what people arrive wanting. This course puts risk and position sizing second, ahead of chart reading, for a reason worth stating plainly: the traders who fail rarely fail because their entries were bad. They fail because a position was large enough that a normal losing streak — the kind every profitable strategy produces — became unrecoverable.
You can work through the stages in a few evenings. Take the ones on leverage, drawdown, and expectancy slowly, though; they contain the arithmetic that decides everything else, and they are the stages people skim.
- 1
What you're actually trading
Goal: Understand the instrument before you form an opinion about its direction.
Forex quotes are a ratio between two economies, not a product with a price. Until that clicks, everything downstream — why EUR/USD rises when the dollar weakens, why a pip is worth a different amount on every pair — stays memorised rather than understood.
- 2
Risk, before anything else
Goal: Learn what decides whether you're still trading in a year.
This stage sits second, not last, because it is the one that determines outcomes. Two traders using an identical strategy will end up in completely different places based on position size alone. Leverage is where most beginner accounts actually die — not on bad analysis.
- 3
Reading the chart
Goal: Extract structure from price without an indicator on the screen.
Everything an indicator does starts here. If you can see whether a market is trending or ranging, and where price has repeatedly reacted, you already have the context that decides which indicator is even appropriate — and which would be actively misleading.
- 4
What moves the market
Goal: Know why price jumps at 8:30pm when your chart said nothing was happening.
Technical analysis describes what price is doing; it can't tell you a central bank is about to speak. You don't need to trade the news to need this stage — you need it to avoid holding a position through an event that ignores your stop loss.
- 5
Turning it into a process
Goal: Build something repeatable, then find out whether it works.
A strategy you can't state in writing isn't a strategy, and a strategy you haven't tested is a guess. This stage also covers the part most courses skip entirely: the psychology of following your own rules on the day it's least comfortable to.
What comes after
Once the five stages are done, the indicator lessons explain the formula behind each tool before showing how to trade it, and the Expert Advisors turn specific rules into readable MQL4 and MQL5 source you can inspect and run on a demo account. Both build directly on the vocabulary from stages 1–3.
Everything here is educational material, not advice, and it is not a promise that trading will work out for you — most retail traders lose money, and no amount of study changes the fact that this is a risk-taking activity. What the course can do is make sure that when you lose, you understand why, and that the loss was a size you chose in advance.
All basic lessons
What Is Forex? What Beginners Need to Know
Understand the forex market, currency pairs, pips, lots, and how to read prices before you start trading for real.
How to Read Candlestick Charts for Beginners
Candlestick structure, price trends, and the basic candlestick patterns you should know before using indicators.
Risk Management Basics: Lot Size, Stop Loss, Risk:Reward
Risk management principles that keep you in the market long-term, before moving on to indicators.
Leverage and Margin: How They Work and Where They Go Wrong
What leverage actually does to your account, plus Margin Level, Margin Call, and Stop Out explained.
Forex Trading Sessions: When Is the Best Time to Trade?
The Asian, London, and New York sessions, when they overlap, and why timing affects volatility.
Support and Resistance: Reading Price Levels Before Indicators
How to spot the price levels where buyers and sellers repeatedly take control, and why they matter.
Chart Patterns: Head & Shoulders and Double Top/Bottom
How to spot classic reversal patterns and why the neckline or support break is what actually confirms them.
Order Types: Market, Limit, and Stop Orders Explained
The difference between Market, Limit, and Stop orders, and when to use each one to enter a trade.
Trend vs Range: Reading Market Structure
How to tell a trending market from a ranging one, and why the strategy that works for one can fail in the other.
Technical vs Fundamental Analysis: What's the Difference?
Reading charts versus reading news and economic data — what each approach looks at, and how to combine them.