Free Forex Trading Course For Beginners provides the fundamentals of Forex trading and how to be a successful trader. You will also Learn about online trading and the methods and skills needed to do Forex Swing Trading in this free online course.
In this article, we will introduce you to one of the best trading platforms known as FXPESA. We will show you the benefits of FXPesa and how to get started as a beginner.
Free Forex Trading Course For Beginners
This free online course explores the Forex market’s technical analysis and teaches money and risk management in Forex.
Lastly, you will Learn the skills and techniques for trading on the stock market and day trading strategies in this free online course.
Introduction to Forex Trading
This course offers an essential understanding of how Forex trading works. It highlights the diverse ways to go about choosing a broker and the various trading styles available.
You will learn how to start trading without making simple first-time blunders that are costly.
Are you fascinated about trading but terrified to make that initial leap? Already trading but making losses instead of a profit? Join The Course and Get Started!
In This Free Course, You Will Learn
- How To Recall what Forex is
- Indicate why the currency price changes
- Explain how the Forex market works
- Identify how to choose a proper Forex broker
- Discuss the basics of Forex
- Outline how to start your trading account
- State how to use Forex trading software
Understanding Forex Swing Trading
There is a prevailing misconception in the Forex trading world that suggests that the best way to evaluate the quality of a trading strategy is its win rate.
This free online course on Forex Swing Trading will introduce you to the factors that determine the true value of a trading strategy, teach you to become competent in formulating a trade management plan and master techniques that will help you achieve your trading goals.
In This Free Course, You Will Learn How To
- Describe the three factors that affect the Forex market
- Analyze the three types of Forex traders
- Define the concepts of support and resistance
- Outline the different types of price corrections in the market
- Discuss the principles behind the two-trade system
- List the rules for entering and exiting a trade
- Explain the process of setting up the RSI indicator
- Evaluate the advantages of the two-trade system
- Recognize the two ways of dealing with losses and getting out of a trade
Technical Analysis and Risk Management
Do you want to learn how to trade foreign exchange but don’t know where to start? Then begin your forex journey with this course and study the forex market to avoid financial ruin. In this free trading course, you’ll learn about the currencies used in trading forex and the currency pairs.
In addition, we will explain technical forex analysis, forex pitfalls, how to manage risks in trading forex and the role trendline analysis plays in the forex market.
In This Free Course, You Will Learn How To
- Define ‘foreign exchange’
- Recall the six most-traded currencies in foreign exchange
- Analyse the essential role of a country’s central bank in the forex market
- Recognise currency pairs in the forex market
- Describe the service of a broker and a market maker in forex trading
- Evaluate when to enter and leave a forex market
- Identify when to take a break from trading in order to manage risks in foreign exchange
- Discuss the trendline and charts used in forex trading
Day Trading Strategies
Day trading involves buying and selling securities within the same trading day to avoid carrying the overnight risks. This free online day trading course aims at teaching you the many stock trading strategies and will help you analyze and understand the past performance of these strategies through backtesting and the other requirements in order to learn how to start day trading and boost your confidence in executing your trades in the market.
In This Free Course, You Will Learn How To
- Discuss money management in day trading
- Differentiate between an NR4 Candle and the Inside Bar Pattern
- List the types of day trading strategies in the market
- Explain how to set your trading capital and how much to risk on each trade
- Discuss how to perform live trading using both the Narrow Range and Open Range
- Indicate when to buy or sell securities in an open day trading
- Identify the indicators of the EDC Strategy
Start Trading With FXPesa
FXpesa is a leading forex and commodities trading platform based in Kenya. It provides traders with access to a broad range of financial instruments, including currency pairs, commodities, indices, and stocks.
As part of the EGM Securities Ltd. group, FXpesa operates under the regulations of the Capital Markets Authority (CMA) of Kenya, ensuring a level of regulatory oversight and transparency in its operations.
Why Trade With FXpesa
User-Friendly Interface: FXpesa offers a straightforward and intuitive trading platform. Whether you’re using the web-based interface or the mobile app, the design is user-friendly, making it accessible even for beginners.
Advanced Trading Tools: FXpesa equips traders with advanced tools such as real-time charts, technical indicators, and economic calendars. These tools are essential for analyzing market trends and making informed trading decisions.
Wide Range of Instruments: The platform provides access to a diverse range of financial instruments. Traders can engage in forex trading, invest in commodities like gold and oil, or trade global indices and stocks.
Competitive Spreads and Leverage: FXpesa offers competitive spreads and leverage options, making it possible for traders to optimize their trades and manage risk effectively.
Educational Resources: For those new to forex trading, FXpesa provides a wealth of educational resources. These include webinars, trading guides, and tutorials designed to help traders understand the basics of forex trading, develop strategies, and stay informed about market trends.
Customer Support: FXpesa’s customer support is available to assist traders with any issues or inquiries. Support is typically available via phone, email, and live chat, ensuring that traders can get help whenever they need it.
How To Get Started with FXpesa
Open an Account: To start trading with FXpesa, you’ll need to open a trading account. The registration process is simple and involves providing some personal details and verifying your identity. Once your account is set up, you can deposit funds and start trading.
Explore the Platform: Take the time to familiarize yourself with the FXpesa platform. Explore the various features, tools, and resources available to you. Understanding the platform’s functionalities will help you use it more effectively.
Develop a Trading Strategy: Successful trading relies on a solid strategy. Whether you’re day trading, swing trading, or following a long-term investment approach, having a clear strategy is crucial. Utilize the educational resources provided by FXpesa to refine your approach.
Practice with a Demo Account: Before committing real funds, consider using FXpesa’s demo account. A demo account allows you to practice trading with virtual money, helping you gain confidence and test your strategies in a risk-free environment.
Stay Informed: Keep up with market news and trends. FXpesa provides tools and resources to help you stay informed, but it’s also beneficial to follow financial news and analysis from other sources.
Tips for Successful Forex Trading
Risk Management: Always employ risk management techniques to protect your capital. This includes setting stop-loss orders, using leverage cautiously, and not risking more than you can afford to lose.
Continuous Learning: The forex market is constantly evolving. Stay updated with market trends and continuously improve your trading skills. FXpesa’s educational resources can be a valuable asset in this regard.
Emotional Control: Forex trading can be emotional, especially when facing losses. Maintain discipline and avoid making impulsive decisions based on emotions. Stick to your trading plan and strategy.
Analyze and Review: Regularly review your trades and analyze your performance. Understanding what works and what doesn’t will help you refine your strategies and improve your trading outcomes.