Start Smart. Learn the Market the Right Way. Welcome to the Basic Course Category on the MyQFX platform by QMiNDS. If you're new to forex trading or have little prior market experience, this category is your first step toward mastering the forex market. We’ve created a comprehensive, beginner-friendly series of courses that help you gain the essential knowledge, tools, and confidence needed to get started with forex trading.
Key Topics Covered
This category focuses on core concepts, practical trading strategies, and foundational skills. Whether you're looking to trade for personal growth, financial goals, or future investments, this category will help you build a strong and sustainable foundation.
Why Start Here?
The Basic Course Category is designed to give you a clear understanding of the forex market’s core principles, the tools of technical analysis, and the risk management techniques every trader needs to succeed. You’ll be able to start your journey confidently, without confusion or overwhelming technical jargon. By completing these courses, you'll be ready to take your skills to the next level with intermediate trading strategies.
Courses Included
1. Basic Forex Trading
This foundational course gives you everything you need to understand how the forex market works. We’ll introduce you to the world of forex trading, explain essential terminology, and walk you through the basic principles of how trades are placed.
Course Topics:
Understanding the Forex Market: How the global forex market works, currency pairs, and trading hours.
How to Read a Forex Quote: What pip values mean and how they affect your profits and losses.
Leverage, Margin, and Risk Management: How to manage your risk and understand leverage in trading.
Order Types and Execution: How to place orders, the different types (market, limit, and stop orders), and their role in managing your trades.
Developing the Right Mindset: The importance of patience, discipline, and staying calm during trades.
Why You Need It:
By the end of this course, you will understand how currency prices move and the basics of placing a trade.
You will be equipped with the knowledge of how to manage risks, use leverage responsibly, and start your trading journey with a strong foundation.
2. Candlestick Patterns
Candlesticks are one of the most important tools used in technical analysis. In this course, you’ll learn how to read candlestick charts and identify patterns that can predict future price movements.
Course Topics:
Understanding Candlestick Structure: Introduction to the anatomy of a candlestick and what each part represents.
Common Candlestick Patterns: Learn popular patterns like Doji, Engulfing, Hammer, and Shooting Star.
Market Sentiment Analysis: How candlestick patterns help identify market sentiment (bullish or bearish) and trader psychology.
Using Candlesticks with Price Action: How to integrate candlestick analysis with price action to enhance trade predictions.
Why You Need It:
Candlesticks provide insight into the market’s mood. Understanding them will improve your ability to spot trends early.
This course will help you identify key price points to enter and exit the market, which is crucial for effective trading.
3. Forex Indicators
In this course, you’ll learn how to use technical indicators to enhance your trading strategy. While price action is essential, indicators help confirm trends, identify reversals, and determine market momentum.
Course Topics:
Introduction to Forex Indicators: What indicators are, how they work, and why they matter.
Key Indicators to Know: Learn the most commonly used indicators like Moving Averages, RSI, MACD, and Bollinger Bands.
How to Combine Indicators: Understanding how to combine multiple indicators to increase the accuracy of your trades.
How Not to Overuse Indicators: Avoid the trap of relying on too many indicators, and learn how to use them effectively in conjunction with price action.
Why You Need It:
This course provides you with practical tools to analyze the market more effectively.
You'll be able to make better, data-backed decisions and create a consistent trading plan based on reliable indicators.
What You Will Gain from the Basic Category
The Basic Course Category is designed to equip you with the essential knowledge and skills needed to begin your forex trading journey. Upon completion of this category, you will be able to:
Confidently understand and navigate the forex market.
Identify and use the most essential trading tools (candlestick patterns and forex indicators).
Apply basic risk management strategies and understand the concept of leverage.
Read market charts and price movements with a solid understanding of trading fundamentals.
Develop the right trading mindset focused on consistency and discipline.
You will have the foundational knowledge needed to build more advanced skills and tackle the next level of trading.
Who This Category Is For
This course category is perfect for you if:
You are a complete beginner with little or no knowledge of forex trading.
You’re looking to understand the basic concepts and terminology of trading before diving deeper.
You prefer structured, easy-to-understand content without overwhelming technical language.
You are ready to build a strong foundation for future success in forex trading.
Get Started with Basic Forex Trading Today