Basic Forex Course
This course covers the full spectrum of Forex market knowledge: history and structure, major currencies, fundamental and technical analysis, Fibonacci retracements, and Elliott Wave theory. Designed for aspiring broker analysts and market professionals.
For an effective learning experience, the glossary, flashcards and quiz complement each chapter β use them for review and self-assessment.
All key Forex terms defined clearly β from pip and spread to margin calls and carry trade.
Open βFlip-card review of every concept. Shuffle the deck, filter by category, and reinforce your memory fast.
Open βMultiple-choice self-assessment across all difficulty levels with instant explanation on every answer.
Open βCourse Chapters
Introduction to the Forex Market
The Foreign Exchange market is the world's largest and most liquid financial market. In this chapter we explore how it evolved from the Bretton Woods system to the modern floating-rate era, its staggering daily trading volumes, and the major participant groups.
Major Currencies and Trading Systems
Not all currencies are equal. A handful of major currencies account for the vast majority of global Forex volume. This chapter profiles each major, explains cross-currency relationships, and examines the two primary trade execution methods: broker-intermediated and direct dealing.
Fundamental Analysis
Fundamental analysis examines the macroeconomic forces that drive currency valuations: interest rates, inflation, growth differentials, current account balances, and political stability. Understanding these factors is essential for positioning ahead of major market moves.
Technical Analysis
Technical analysis uses historical price data and chart patterns to forecast future price movements. Widely used in Forex because it is non-discretionary, systematic, and applicable across all time frames. This chapter covers Dow Theory, chart types, trend analysis, patterns, and key indicators.
Fibonacci and Elliott Wave in Forex
Two of the most mathematically elegant tools in Forex technical analysis: Fibonacci retracement and extension levels β derived from the golden ratio Ο = 1.618 β and Elliott Wave Theory, which identifies repeating wave structures in markets. Together they provide a framework for anticipating turning points and measuring price targets.