Introduction to Forex

Meet your instructor

What you’ll be able to do after this course

What you will learn in this course

What’s expected of you

Forex Basics

What is forex?

Why trade forex?

How to trade forex?

Who can trade in the forex market?

Forex Acronyms and Jargons

Base and quote currency

Bid, ask, and spread

Key terminologies

Forex Analysis

Three main types of analysis

Fundamental Analysis

Introduction to fundamental analysis

How and where to find data for analysis

Key concepts explained with real examples

Sentiment Analysis

What is market sentiment?

How to check market sentiment?

How to interpret market sentiment while trading?

Technical Analysis

Introduction to technical analysis

Candlesticks & candlestick charts

Trendlines and channels

Moving averages

Risk Management

Defining risk

How to determine stop loss

How to determine position size

Putting Everything Together

How to create a forex trading strategy

Sample trade – 1

Sample trade – 2

Trade Analysis

The importance of recording historical trades

Free trading journal for historical trade analysis

Trading journal

Trader’s Mindset and Conclusion

Controlling your emotions

Quick tips to avoid psychological mistakes

Conclusion

Nirlep Shah is a seasoned forex trading expert with over 10 years of experience. He is a SEBI Registered Research Analyst and columnist for "Currency Corner" in "Divya Bhaskar." Nirlep has managed over 3000 crores in foreign exposure and has guided 60,000+ people in personal finance. He has also completed 50+ radio episodes on financial management for Indians abroad and helped over 3000 forex traders across India.

Learn Forex trading from Nirlep Shah, who has over 10 years of experience in Forex trading. This course is designed for both beginners and those with some trading experience. Here’s what you’ll learn in each module: In Lesson 1, Introduction to Forex you will learn about your instructor, Nirlep Shah, and what you can achieve by completing this course. You will also understand what is expected of you as a student to maximize your learning experience. In Lesson 2, Forex Basics you will go through the basics of Forex trading, including what Forex is, why it is traded, and how the Forex market works. This lesson sets the foundation for your trading journey. In Lesson 3, Forex Acronyms and Jargons you will explore important Forex acronyms and jargon, such as base and quote currencies, bid and ask prices, pips, leverage, and other key terminologies. Mastering these terms will help you understand the language of Forex trading. In Lesson 4, Forex Analysis you will discover the three main types of market analysis: Fundamental, Sentiment, and Technical Analysis. You will learn the strengths of each analysis type and how to use them to make informed trading decisions. In Lesson 5, Fundamental Analysis you will learn how to use economic data, news, and reports to predict market movements through Fundamental Analysis. You will be shown where to find relevant information and how to use it effectively. In Lesson 6, Sentiment Analysis you will explore Sentiment Analysis, learning how to read market sentiment, which reflects the mood of traders. This lesson will teach you how to check sentiment and use it in your trading strategy. In Lesson 7, Technical Analysis you will master Technical Analysis, focusing on reading charts, identifying patterns, and using indicators like trendlines and moving averages. This lesson covers essential tools for predicting market trends. In Lesson 8, Risk Management you will understand how to manage risk in your trades. You will learn to set stop losses, choose the right position size, and protect your investments from unnecessary losses through effective risk management techniques. In Lesson 9, Putting Everything Together you will combine all your learnings to create a trading strategy. You will see real-life trade examples that demonstrate how to apply your knowledge in actual trading scenarios. In Lesson 10, Trade Analysis you will learn the importance of recording your trades and analyzing them to improve your trading skills. You will get access to a free trading journal to help you keep track of your progress. In Lesson 11, Trader’s Mindset and Conclusion you will discover how to develop a strong trader’s mindset. You will learn techniques to control your emotions, avoid psychological mistakes, and maintain discipline. This final lesson concludes with tips to help you continue growing as a trader Course Highlights: - Learn the basics of Forex trading, including key terms, how the market works, and who trades in it. - Understand the different ways to analyze the market: Fundamental, Technical, and Sentiment Analysis. - Discover how to manage risk to protect your money and improve your trading skills. - Build a strong trading mindset to handle emotions and avoid mistakes. Who is this course for: - Beginners seeking a comprehensive introduction to Forex trading. - Individuals wanting to master fundamental, sentiment, and technical analysis. - Traders focused on effective risk management strategies. - Those interested in developing practical trading strategies and a disciplined mindset.&nbsp;

Forex Trading for Beginners