Crypto Trading Masterclass – Gooha FX Academy

About Course

This foundational course is designed for absolute beginners with no prior knowledge of financial markets. It covers the essential terminology, concepts, and mechanics of the Forex market, providing a solid understanding before moving into practical trading.

Course Content

Introduction to Forex
Lesson 1.1: What is Forex Trading? Definition of Foreign Exchange (Forex or FX). Why people trade Forex (speculation, hedging, tourism). The global scale and liquidity of the Forex market. Lesson 1.2: Who Trades Forex? Major players: Banks, institutions, central banks, hedge funds, retail traders. The decentralized nature of the Forex market (OTC). Lesson 1.3: Major Currency Pairs Understanding base and quote currencies. Introduction to major pairs (EUR/USD, GBP/USD, USD/JPY, etc.). Understanding crosses and exotics (brief overview).

What is Forex Trading?

00:00
Who Trades Forex?

00:00
Major Currency Pairs

00:00

Forex Terminology and Mechanics
Lesson 2.1: Pips, Lots, and Leverage What is a Pip? Calculating pip value. Understanding standard, mini, and micro lots. Introduction to leverage and margin (concept and risks). Lesson 2.2: Bid, Ask, and Spread Understanding bid and ask prices. Calculating the spread and its impact on trading. Lesson 2.3: Order Types Market orders, limit orders, stop-loss orders, take-profit orders. Introduction to pending orders.

Introduction to Charting and Market Analysis
Lesson 3.1: Types of Charts Line charts, bar charts, and candlestick charts (focus on candlesticks). Basic components of a candlestick (open, high, low, close). Lesson 3.2: Basic Support and Resistance Identifying visual support and resistance levels on a chart. Understanding these levels as areas of potential price reversal. Lesson 3.3: Introduction to Trends Identifying uptrends, downtrends, and sideways markets. Drawing basic trendlines.

About Course

Course Content

What is Forex Trading?

Who Trades Forex?

Major Currency Pairs

Resources