Introduction to Forex
- What is Forex Trading?
- Forex Market Hours & Sessions
- Understanding market sessions (London, New York, Tokyo, Sydney)
- The best times to trade based on volatility and liquidity
Forex Basics
- Currency Pairs and Quotes
- Pips, Lots, and Leverage
- Types of Forex Orders
Chart Analysis
- Understanding Forex Charts
- Introduction to chart types (line, bar, candlestick)
- Timeframes and their importance
- Introduction to Technical Analysis
- What is technical analysis?
- Key technical indicators (moving averages, RSI, MACD, etc.)
- How to identify trends, support, and resistance
Forex Strategies
Risk Management
- Risk Management in Forex Trading
- Psychology of Trading
Advanced Trading Concepts
- Introduction to Fundamental Analysis
- Market Structure & SMC Trading
- Volume Spread Analysis (VSA)
Practical Application
- Demo Trading & How to Use a Trading Platform
- Setting up a demo account
- Walkthrough of common trading platforms (e.g., MetaTrader 4/5)
- Building a Forex Trading Plan
Advanced Strategies
Finally
Size and Importance of the Forex Market
The forex market is the largest financial market in the world, with a daily trading volume exceeding $6 trillion. This massive volume reflects the constant buying and selling of currencies by various participants, including governments, central banks, financial institutions, corporations, and individual traders. The sheer size of the forex market makes it highly liquid, meaning that trades can be executed quickly and easily, and it offers countless opportunities for traders to profit from fluctuations in currency values on a global scale.
One of the key features that makes the forex market unique compared to other financial markets is that it operates 24 hours a day, five days a week. This continuous operation is possible because forex trading happens across different time zones around the world.
The market starts on Monday morning in the Asia-Pacific region (Sydney and Tokyo sessions), then moves to Europe (London session), and finally to North America (New York session). As one major financial center closes, another one opens, ensuring that there’s always activity in the market. This global nature allows traders to respond to news and events in real-time, even outside regular business hours.
For example, while stock markets are restricted to specific opening and closing times, forex traders can trade at any time during the week, providing more flexibility to respond to economic data, geopolitical events, or price movements as they happen. This 24-hour availability makes forex trading highly accessible and appealing to traders who may not be available during traditional stock market hours.