On this page, you will learn the basic knowledge and skills required to trade the forex markets using technical analysis. While they may seem “simple” at first, understanding these basics give you a very powerful edge in your trading skills as you develop them.
As your grasp of the basics improve, you will find learning more advanced lessons easier and quicker. 
Free Forex Trading Course Content
This is the Free Online Forex Trading Course outline. You can go through each section one lesson at a time to learn the basics of trading forex currencies.
- Understanding The Forex Currency Markets
- Identifying The Trend In Forex Currencies
- Identifying Forex Support and Resistance Levels
- Forex Price and Chart Patterns
- Identifying Potential Forex Price Targets
Have a great time learning how to Trade the Forex Markets!
~ THE ULTIMATE FREE ONLINE FOREX TRADING COURSE ~
1. Understanding The Forex Currency Markets:
The lessons in this section will give you an insight into how forex currencies (and all financial markets) move through different stages and cyles.
Understanding this will help you identify the bigger picture of what the market is currently doing, and thus give you better chances of using the right trading strategy and system for success.
- Basic Market Stages
- Understand and identify the four stages that every market goes through.
- This gives you the bird’s eye view of what’s currently happening in the market, and
- Helps you know which forex strategy and system to use.
2. Identifying The Trend In Forex Currencies:
The lessons in this section help you to identify the current trend in the forex currencies. The same principles can be applied to any time frame, and are useful for having several ways to identify the current trend, and trade in the direction of the trend.
After all, the Trend is your Friend!
- Trends - Using Price
- Identify the forex trend using price alone.
- Knowing this gives you the clearest picture of what price action is currently doing, and
- Which direction the market is most likely to continue trending.
- Trends - Using Moving Averages
- Understand what moving averages really are, and
- How to use them to identify the short, medium and long term trend.
- They’re not fool-proof, but they help tremendously in showing what the current shorter term trend is in relation to the longer term trend.
- Trends - Using Trend Lines
- Learn how to draw trend lines.
- Based on price patterns from the “Trends - Using Price” lesson, identify potential support and resistance points when price comes back to meet the trend line.
- Also identify when the trend has possibly changed even before moving averages and price patterns show you.
3. Identifying Forex Support and Resistance Levels:
The lessons in this section will help you identify Support and Resistance levels in the forex currencies. Tremendously helpful in identifying which are the levels that prices will most likely bounce off. And if prices break these support and resistance levels, you’ll know which direction to trade in!
- Historical Price Support and Resistance Levels
- Use past price levels to identify support and resistance levels.
- Learn how to identify where buyers and sellers are most likely to enter the market causing price reversals.
- And if these levels are broken, which direction buyers and sellers are most likely to push prices.
- Potential Price Support and Resistance Levels through Fibonacci Retracements
- Identify potential levels where prices can find support and resistance.
- Fibonacci retracements help identify potential turning points, sometimes ahead of historical price support and resistance levels.
4. Forex Price and Chart Patterns:
Lessons in this section help you to identify price and chart patterns. By understanding these price patterns, you can identify reversal points on the chart for trading with the trend, off support and resistance, and even for drawing Fibonacci Retracements and Fibonacci Expansions.
- Understanding candlestick charts
- Learn the basics of candlesticks, and what they mean.
- Useful for identifying short term price reversals off support and resistance levels.
- Also good for having an insight into the emotional behavior of buyers and sellers, and how their emotions show up on the charts.
- Trading with Swing Points (Swing Highs and Swing Lows)
- Identify swing points (a.k.a. Swing Pivots) for price reversals.
- Useful to learn in Swing Trading, drawing Fibonacci Retracements and Fibonacci Expansions (Price Projections).
5. Identifying Potential Forex Price Targets:
In this section, you can learn how to identify potential price targets to exit your trades. And if you still want to maintain a position, you can exit partial positions at these levels. Also useful for identifying possible rewards for the risk you are taking on that particular trade.
- Using Fibonacci Expansions (Extensions) For Potential Price Targets
- Use Fibonacci Expansions to find price targets.
- Useful for having an idea of what reward to expect, for the risk you are taking.
- Also useful in identifying potential price levels where you might want to take partial positions off the table to lock in some trading profits.
Summary of Forex Trading Course
As new forex trading lessons are developed and published, they will be added here to this page. There will usually be a post on the blog to notify you of any new lessons.
Other Forex Trading Lessons:
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