About Forex ………………………………………………………………………………………………………………………………………..

2
Currency pairs………………………………………………………………………………………………………………………….….. 3
What moves the Forex market? ……………………………………………………………………………………………………….6
Pip……………………………………………………………………………………………………………………………………………………. 8
Bid and Ask price ………………………………………………………………………………………………………………………………. 9
Market orders ……………………………………………………………………………………………………………………………… 10
Margin Trading and Lot …………………………………………………………………………………………………………………… 12
Leverage ………………………………………………………………………………………………………………………………………….. 13
How to calculate? ……………………………………………………………………………………………………………………………... 15
How can I start Forex trading? ………………………………………………………………………………………………………….…….. 16
Fundamental vs technical analysis……………………………………………………………………………………………………. 20
How many pairs should you trade?………………………………………………………………………………………………… 21
How much money do I need to start Forex trading? …………………………………………………………………………. 21
Trading plan ……………………………………………………………………………………………………………………………………… 22
How to Place Profit Targets?.................................................................................................................23
Charts and candlesticks …………………………………………………………………………………………………………………….….. 24
Understanding technical analysis................................................................................................................ 32
Support and Resistance.......................................................................................................................... 33
Supply and Demand ………………………………………………………………………………………………………………………. 37
Chart patterns ………………………………………………………………………………………………………………………………….. 40
43
Technical indicators.................................................................................................................................
Trading psychology ………………………………………………………………………………………………………………………………. 53

• Even if you already know all these things, I recommend you to read this. It doesn’t take a long time
and you can find some very useful information about trading.

1
 LESSONS

- I recommend you to read 1 to maximum 3 lessons a day, so you can process the
information you find there. You will learn basic and advanced things about Forex trading,
so take your time and don’t try to learn everything in short amount of time. Trading is not
easy and it takes time to become good, confident and even more time to become profitable
trader. But the good thing is – it is possible!

Lesson 1 - About Forex

In first lesson, I want you to realize how huge Forex market is and if you want to outsmart
everybody else who trade on this market, you will have to learn and practice a lot!

Lesson 2 - Technical and Fundamental analysis

There are two types of analysis. Technical and Fundamental. The point of this lesson is to
realize that you need to use them both. You will focus on one for sure, but never neglect
other one.

Lesson 3 - Support and resistance

It is very important to understand this topic. If you have any questions, feel free to ask me. I
recommend you to look at support and resistance as zones, not just lines.

Lesson 4 - Trendlines
Trendlines are very important when it comes to technical analysis. They give you valuable
information about current trend and we use them to spot chart patterns.

Lesson 5 - Trading trendlines

This lesson is very important so make sure to ask anything you need.

Lesson 6 - Forex Patterns

Try to remember as much patterns as you can. It might seem hard to remember, but trust
me it's not. You will see these patterns many times, especially in my free Telegram group.

Lesson 7 - Continuation Chart Patterns

After these patterns are formed, continuation of the price is expected. Here you will learn
some of the most traded continuation chart patterns.

Lesson 8 - Reversal Chart Patterns

After these patterns are formed, declining of the price is expected. Here you will learn some
of the most traded reversal chart patterns.
Lesson 9 - Neutral Chart Patterns
These patterns are interesting because price can go either way, but they can be very useful
if you have proper strategy trade them. Here you will read how I recommend you to trade
them and how I like to trade them.

Lesson 10 – Supply and Demand

Supply and Demand are very important concept that every trader has to know. This is basic
economic principle that underscores every financial market.

Lesson 11 - Market Behavior

After we have learned about chart patterns, it’s time to read about market behavior.

Lesson 12 - Relative Strength Index

RSI is the most used indicator. Many traders have this indicator plotted into their charts
and you should try it too. Many traders also trade overbought and oversold RSI conditions
but you should be very careful if you try this strategy and the reasons why, you will find in
this lesson.

Lesson 13 - MACD
This is little more complex indicator, but if you understand this indicator, you will not have
any difficulties with others.

Lesson 14 - Bollinger Bands

Here you will see how I trade Bollinger Bands. With a proper strategy this indicator is very
useful!

Lesson 15 - Moving Average

Moving Average is indicator that you simply have to use. It is very useful and there are
many ways to trade them. It is the easiest way to determine the trend with MAs.

Lesson 16 - Stochastic Oscillator and CCI

These two indicators are popular and that is why I want to cover them too. I tried CCI
indicator but it didn't give good results so I simply stopped using it. Stochastics are very
good, but many times they give false signals. If used properly, they can be very good.

Lesson 17 - Stochastic RSI

This is my favorite indicator and I use it regularly. You will see here many examples how to
trade with this indicator and how I like to use it.

Lesson 18 - Fundamental analysis

After we have learned about technical analysis, it is time to learn about fundamental
analysis too. Here you will find the most important news that usually move the price.
Lesson 19 - Backtesting
Backtesting is very important. It is crucial to test your strategy before you actually start to
trade it. This something that you just have to do!

Examples
Here you will find some ideas and examples of how to make a trading strategy.

Lesson 20 - Problems with trading

There are many problems that you will face when trading. One of the biggest problems is
controlling your emotions. You have to be completely objective, because if you are not, you
are just fooling yourself.

Lesson 21 - Trading psychology

I want you to read the most important lesson and it’s about trading psychology. You have to
know about this if you want to become good trader.

Lesson 22 - How much money do I need to start trading?

Here you will find the answer to most frequently asked question. The only right answer is
to start with amount you can afford to lose!

Lesson 23 - When not to trade?

When not to trade is very important to know. By not trading we protect our capital and
sometimes it’s just the best thing we can do. In this lesson you will find out when you
shouldn’t trade.

Lesson 24 - Risk Reward Ratio

This lesson and the next one are very important. You have to read them!

Lesson 25 - Money Management

If you don’t have proper money management you will fail. That is just harsh truth.

Lesson 26 - Fibonacci tools

Fibonacci tools are very helpful and interesting. Here you will find out how I like to use
them.

Lesson 27 - Trading Fibonacci

In this lesson you will see how to trade Fibonacci tools with few examples.

Lesson 28 - Advanced (Harmonic) patterns

Advanced patterns can be very useful, but to trade them on a professional level, you will
have to master them. You will need much more then you can find here, but I want you to
know about them and to be aware of their significance.
Lesson 29 - Elliott Wave
Elliot Wave is very interesting strategy but it is definitely not recommended for beginners.
This is trading on a much higher level, but just like with advanced patterns, I want you to
know about this strategy too.

Lesson 30 - Taking the trades

You should look at the missed opportunities as a part of the game. Just try to learn from
them, but don't focus on missed trades, because they can affect your trading in a negative
way.

Lesson 31 - Types of traders

Here you will find out all types of traders. If you don't really know which one to choose, this
lesson will help you determine your trading style. Once you find that out, stick to it.

Lesson 32 - Focus on learning

Never focus on money. Money should be the end result of your hard work and willingness
to learn and improve every day. In this lesson you will find out why you should focus on
learning instead of money.

Lesson 33 - Trading journal

Trading journal is very important part of every good trader. It is additional work, but it
definitely helps you to see what you can improve, what are you doing right and what are
you doing wrong.

Lesson 34 - Importance of having a proper strategy and money management

You will find some shocking charts here that will hopefully show you the importance of
having a proper strategy and money management once and for all!

TECHNICAL ANALYSIS
Here you will find many real chart examples.

Lesson 35 - Key takeaways pt.1

Lesson 36 - Key takeaways pt.2

Lesson 37 - Never give up

 Market Orders

There are 2 main types of market orders. Market execution and pending orders.

Market execution is the method by which traders execute orders at the current price
within fractions of a second. This means that system will automatically open the order
when trader decide to click on “buy” or “sell” button.

Pending Order is an order that has not yet been executed and therefore has not yet
become an actual trade. Unlike market orders executed immediately at the current
price, pending orders are queued and executed only when the market reaches the
specified price, allowing traders to automate their entry and exit strategies based on
predetermined conditions. These are the types of pending orders:

- Buy Limit – trade request to buy at the Ask price that is equal to or lower than that
specified in the order. The current price level is higher than the value in the order;
- Sell Limit – trade request to sell at the Bid price that is equal to or higher than that
specified in the order. The current price level is lower than the value in the order;
- Buy Stop – trade request to buy at the Ask price that is equal to or higher than that
specified in the order. The current price level is lower than the value in the order;
- Sell Stop – trade request to sell at the Bid price that is equal to or lower than that
specified in the order. The current price level is higher than the value in the order;
- Buy Stop Limit – this type is the combination of the two first types being a stop order
for placing Buy Limit;
- Sell Stop Limit – this type is a stop order for placing Sell Limit.

10
Picture 5: market orders

11
Demo trading in trader learning process:

1. Open demo account;

2. Build strategy and trading plan;
3. Test different position sizes – add to trading plan size of positions. Test different
currency pairs, different time frames;
4. Test your trading plan – set goals such as do not lose money in next few months.

Find a Mentor

It is not an easy task to find mentor, especially these days. Most trading pages on
Instagram and social media platforms are scam. They will tell how you can get rich
quick, how they have best strategy that works around 90% of the time and will show
you pictures like this:

Picture 6: scam I Picture 7: scam II

18
That is NONSENSE. Don’t believe them! First of all, good trader will never open more
than 3 (max 4) positions. Opening too many positions is the worst thing that you can
do. You need to focus, and you cannot do that when you open more than 3 positions.
Not just that, if you are wrong, you will blow your account very fast. But why
scammers do this? Answer is simple. They have two demo accounts. On one account
they buy and on another one they sell.

They will open as many positions as they can so they can win more. And guess what.
When positions are closed they will show pictures of winning account.

Finding an honest mentor is the fastest way to learn to trade Forex. With mentor, you
will avoid many mistakes and sometimes save many years of trial and errors.

19
 Trading psychology

As you progress as a trader you will become involved in thinking and probably
reading about trading psychology. Trading psychology is a broad term that
encompasses the study of traders and their emotional issues about trading. Trading-
psychology literature takes its cues from scientific study of psychology, common
sense, and the experience of traders and trading gurus. If you are interested in trading
psychology, it probably means that you are further along in your trading education. If
you are one of the traders with an interest in trading psychology, you have moved
beyond looking for the perfect trading system. You now understand the important
role emotions play in trading results. One thing that many traders fail to recognize is
the intricate relationship between what you risk and the emotions you experience
during trading. In fact, risk and trading psychology are two sides of the same coin.

Markets change, new opportunities will always come. Don’t rush, be patient and
always have a trading plan. Good traders are successful but humble people. Being a
trader is a lifelong challenge.

Picture 36: trading hierarchy 53

Make sure to always go back at previous chapter where I shared more pictures of different candlestick
patterns that can be useful. And AGAIN: don’t just enter the trade based on candlestick pattern signal!
Combine them with support/resistance zones, trendlines, indicators and other tools.
When it comes to fundamental analysis and trading news, I suggest you to avoid to trade it. As a beginner,
the best move is to avoid to trade the news. To keep track of these news during the day and weekend, you
can check some economic calendars on the internet.

Picture 5

Here we can see one example where price formed higher highs and higher lows (uptrend) and then market
reacted to the news with a massive bearish candles that stopped out all previous buyers.

6
When trading double top (and double bottom) there are three types of entries:
1) aggressive entry – at second top formation;
2) safer entry – when price breaks neckline;
3) patient entry – when price goes back to retest the neckline.
You can see this on a picture 59.

Picture 59

45
Double Bottom
The double bottom is also a trend reversal formation, but this time we are looking to go long (to “buy”)
instead of short (to “sell”). These formations occur after extended downtrends when two valleys or
“bottoms” have been formed.
You can see on the picture 60 that after the previous downtrend price formed two valleys and it wasn’t
able to go below a certain level. Notice how the second bottom wasn’t able to significantly break the first
bottom. This is a sign that the selling pressure is about finished, and that a reversal is about to occur. The
price broke the neckline and made a nice move up. Remember, just like double tops, double bottoms are
also trend reversal formations.

Picture 60

Same rules that apply on double top, also apply here with double bottom, so I will not repeat them.

Sometimes double tops (and double bottoms) are not so easy to spot like on picture 61. This is still valid
double top formation. This massive bullish candle didn’t break previous high.

46
This time we can see simple combination of a price structure, candlestick pattern and Stoch. RSI indicator.
Price formed lower high with a bearish engulfing pattern and our Stoch. RSI gave us “sell” signal. Price went
down to break previous low and retest it. When price retested previous low we can see another bearish
engulfing pattern and Stoch. RSI “sell” signal. This time indicator provided us with two good entries.

Picture 149

122
Very good way to use Fibonacci tools is to combine them with other things we learned in this course
(support/resistance, indicators and patterns).

On picture 135 below, there are at least two clear trading opportunities that can be identified using a
combination of Fibonacci and support/resistance. The rally from point B came to a halt at point C, at the
38.2% retracement of the AB swing. Once the old support around 0.7870 is broken, this clearly points to a
continuation to the downside after that shallow pullback to the 38.2% Fibonacci level. Trader could use
this information to expect a sizeable continuation - hence, trader may wish to have a profit target around
the 161.8% extension (0.7755) of the BC swing as opposed to merely the 127.2% extension (0.7812). If
this trade was missed, there was another great opportunity to sell once price retested that old support
level of 0.7870. Even without a Fibonacci convergence this would have been a trade on its own. But the fact
that there is a 61.8% retracement there too (i.e. of the CD swing), this therefore increased the probability
of price turning at that broken support level. The stop loss could have been very tight 15 or so pips above
0.7870, providing a highly favorable risk to reward ratio.

Picture 174

165
Here we can see example on a H1 and M5 charts. On H1 chart we can see that price confirmed support zone
and formed two strong bullish wick rejections. On M5 we can see that price formed strong bullish candle
that broke previous high. Retest occurred and that was a good place to enter a” buy” trade.

Picture 217

210