Forex course module 2
Getting Started
Practical steps to begin trading. Choosing a well-regulated broker, mastering the MetaTrader 4 platform, and understanding the core technical indicators every trader relies on.
Lessons in this module
Lesson 1
How to Choose the Right Forex Broker
How to choose a Forex broker in South Africa: verify FSCA regulation, compare spreads and lot sizes, test the platform on demo, and avoid costly mistakes.
12 minute read
Lesson 2
Introduction to MetaTrader 4 (MT4)
A beginner's guide to MetaTrader 4 (MT4): navigate the interface, set up candlestick charts, choose time frames, place trades and manage risk with stop losses.
13 minute read
Lesson 3
The Relative Strength Index (RSI) Explained
Master the Relative Strength Index (RSI): learn what it measures, how to read overbought and oversold levels, the best settings, and how to trade RSI divergence.
12 minute read
Lesson 4
The Stochastic Oscillator Explained
Learn the Stochastic oscillator: how the %K and %D lines work, reading overbought and oversold zones, the best settings, and timing entries with crossovers.
12 minute read
Lesson 5
Moving Averages: SMA and EMA Explained
A complete guide to moving averages in Forex: SMA vs EMA, choosing periods, reading crossovers, dynamic support and resistance, and common beginner mistakes.
12 minute read
Lesson 6
MACD: Moving Average Convergence Divergence
Understand the MACD indicator: how the MACD line, signal line and histogram work, reading zero-line crossovers, spotting divergence, and confirming trades.
12 minute read
Lesson 7
ADX and Bollinger Bands Explained
Learn the ADX to measure trend strength and Bollinger Bands to gauge volatility. Understand the squeeze, band walks, and how to combine both tools effectively.
13 minute read
Lesson 8
Understanding Candlestick Charts and Patterns
Learn to read candlestick charts and the four key reversal patterns: the Hammer, Shooting Star, Bullish Engulfing and Bearish Engulfing, with practical trading tips.
13 minute read