The foreign exchange market facilitates the trading of international currencies and is the largest single market with trillions of dollars transacted per day. The following questions will be answered in this course: What is the Forex market and how does it work? How do I set up a Forex broker account? How much money do I need? How do I obtain and use a brokers trading platform? How do I place buy, sell, stop and target orders? What approach, method or ‘edge’ do I use to assist my decision making? What is computer based MT4 trading and how does it work? No prior experience required.

Your Tutor is Dennis Keillor

Dennis Keillor BAppSci (Physics), DipEd has been teaching at WEA since 2007. 

As a ‘Cycologist’ Dennis has been a successful financial market forecaster, trader and educator since 1997.

As a ‘Fizzacist’ Dennis has been producing homemade brew since Adam was a boy!

Course Description

The foreign exchange (Forex) market is the largest and most liquid financial market in the world, with trillions of dollars traded daily. 

This beginner-friendly course provides a step-by-step introduction to how Forex trading works and how you can participate in it. 

You’ll learn the basics of currency pairs, market mechanics, setting up a trading account, and using popular platforms like MetaTrader 4 (MT4). 

From placing your first buy/sell orders to understanding key concepts like pips, leverage, and stop-loss strategies, this course equips you with the tools needed to approach Forex trading with clarity and confidence.

Whether you're looking to trade manually or explore automated systems, this course offers a practical and structured foundation for navigating the world of Forex. 

You’ll explore how to develop a personal trading plan, understand the psychological aspects of trading, and learn why risk management is essential to long-term success. 

No prior knowledge or experience is required, just curiosity and a willingness to learn.

Course Structure

This course is delivered in a structured lecture format, broken down into key topic areas that build foundational knowledge while allowing for real-time questions and interactive discussion. 

• Introduction to the Forex market and how currency trading works
• Common currency pairs and how to read exchange rate quotes
• How to choose a Forex broker and open a trading account
• How to use MT4 trading platforms and place basic orders
• Leverage, margin, and calculating position size
• Understanding pips, spreads, and profit/loss mechanics
• Creating a personal trading plan with defined entry/exit rules
• Basics of automated trading using platforms like MT4
• Risk management strategies and trading psychology
• Importance of demo trading and ongoing learning.

Course Learning Outcomes

By the end of this course, students will be able to:

• Understand how the Forex market operates and identify key participants
• Recognize major and cross currency pairs and interpret currency quotes
• Select a suitable Forex broker and set up a trading account
• Use MetaTrader 4 to place buy, sell, stop-loss, and take-profit orders
• Calculate pip values, position sizes, and understand profit/loss mechanics
• Apply leverage and margin responsibly with clear risk management rules
• Develop a personal trading plan based on defined strategies and risk limits
• Understand basic concepts of automated trading and how MT4 systems function
• Identify common psychological challenges in trading and strategies to manage them
• Practice safely through demo accounts before committing real capital