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Forex Market Science is an informative Forex trading course that aims to help you learn Forex trading. FX, SpotFX or Spot Forex are the many synonyms used to refer to the online forex market. To trade and invest in the Forex Market you should first take time to learn how the forex market works.

This is the best place to start for beginners who want to learn Forex trading concepts used by experienced Forex traders. By learning the Forex topics discussed in this Forex Trading Course you will learn how to make money in the foreign exchange market. You can also download the complete Forex Trading Course so that you can access the lessons from your computer

Below is a Forex trading system attached to a Forex trading chart, the trading system is used to generate Forex trading signals. This is one of the topics that you will learn at Forex market science. The trend line shows the general direction of the market, and the indicators are used to generate what is called Forex trading signals.

Simple Forex Trading System

Forex Market Science is an introduction to foreign exchange trading designed to provide tools, information and resources to Forex traders who want to gain more knowledge of how the online forex currency market works.

Forex Market Science is divided into 4 different sections, namely:

• Learn Forex Trading Lessons:

The Forex Trading lessons have been put together in a systematic format, from the basics of Forex trading to the more complex concepts used in online Forex currency trading. All the trading lessons combined form a complete Forex Trading Tutorial. These lessons will help you learn all the knowledge that you require step by step. These lessons are placed on the right navigation bar of this web site.

The lessons have also been divided into three sections, (these lessons are located on the right navigation menu):

• Forex Basics Course- These lessons cover the basic concepts of Forex trading, including the definition of trading terms, currency pairs, Forex lots and contracts and topics about reading a Currency quote. It is best to start with these lessons.

• Technical Analysis Course- Technical analysis covers a wide range of technical analysis concepts, ranging from price action, trend lines and channels, candlesticks, chart patterns, Fibonacci and divergence setups.

• Forex Key Concepts- Key concepts are some of the more advanced topics, some of the favorite topics include; Leverage and Margin, Money Management, Forex trading systems, Forex market hours, Forex brokers and Forex psychology.

The lessons have been comprehensively summarized to provide new traders with all the knowledge and skills that are required for successful Forex trading.

• Learn Forex Trading Strategies:

When you want to formulate your Forex trading strategy, you need to use both technical and fundamental analysis. Without proper analysis, you would have no foundation to define your trading strategy. Remember that these two are distinct types of Forex analysis and each of them is as important as the other one.

The most popular technical analysis strategies are discussed within the strategies section, these include RSI, Stochastic, Moving Average, MACD and Bollinger Bands Indicator strategies.

The technical analysis used in the Forex market is the same as the technical analysis used  in the equity and stock markets. The only difference between the two is that the online foreign exchange market is open 24 hours a day and stock market is only open for 9 hours a day.

These strategies discuss the various methods used for technical analysis in the online currency market. The most popular methods are discussed on the Forex trading strategy section of this website found either on the left navigation bar or at the top navigation bar just below the site name at the top.

Each strategy is accompanied with numerous technical analysis examples of screenshots from trading charts like the one below. These Forex strategies will not only expand your knowledge of the Forex market but will accelerate your Forex learning curve.

An Example of Moving Average Crossover Method Forex Strategy

If you want to develop your own Forex trading strategy that works, you need to form a basic strategy and then develop it over time. Learning and improving is the key to everything in Forex. Most traders start with simple Forex trading systems and then develop them over time. However, a combination of both technical and fundamental analysis will suit most traders.

• Technical Analysis of all Technical Indicators:

All Technical Traders use Indicators to form their trading strategy, each indicator is different from other indicators. In Forex there is a total of about 100 indicators, these indicators are discussed in the Technical Indicators Analysis Section website found at the top navigation menu. This section will cover and explain each indicator individually and show you the technical analysis behind the indicator used to generate a buy or sell signal when it comes to Forex currency trading.

• Online Forex Brokers:

In the Forex brokers section you can download Forex trading platforms and register for a free forex demo account. There are many online brokers that you can choose to trade with, but you need to know factors such as the 50:1 leverage for USA based brokers, First in First Out rule for the USA brokers and no setting of stop loss orders or take profit orders for US based brokers. Thus it is not recommended to open an account with USA based brokers(Unless you are from the USA, USA citizens can only trade with USA brokers). Also the best Forex trading software to learn technical charts and currency trading with is the Metatrader 4 (MT4) Platform.

• Economic Calendar

Fundamental analysis is used by traders to predict short-term as well as long-term trends. Apart from the reports that you receive from the fundamental indicators, you also need to look at the news releases and the reports coming out of important economic meetings. These reports and commentary coming out of these meetings can affect the market and careful traders will always look for these.

The economic reports that you need to look out for are:

• US Non Farm Payroll
• FOMC Interest Rate Decisions
• Trade Balance
• Retail Sales
• Gross domestic product
• Consumer price index

That is why here we provide you with a real time Economic Calendar that is updated within seconds of major fundamental reports so as to ensure that you are always ahead in your Fundamental Analysis. You can access the Economic Calendar on the top navigation bar.

If you simply read these reports, you will get an idea about the things to come. This will help you improve your long term as well short term fundamental strategy. You will be in a better position to take advantage of these news reports.