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PipsMorrow

Learn to trade forex, from your first order to running a book

Four levels, from what a currency pair is to running several strategies at once. Every lesson is free to read.

  • 9 tracks
  • 65 lessons
  • 22.5 hrs
  • 100% free

The path, level by level

Take the levels in order. Within a level, the tracks can be read in any order.

Not sure where to start? Find your level →
  1. Step 1

    Beginner level

    2 tracks · 14 lessons · ~4.3 hrs

  2. Step 2

    Intermediate level

    4 tracks · 35 lessons · ~12.5 hrs

  3. Step 3

    Advanced level

    2 tracks · 11 lessons · ~3.9 hrs

  4. Step 4

    Professional level

    1 tracks · 5 lessons · ~1.8 hrs

BEGINNERStep 1 of 4

Beginner level

What the forex market is, what you are actually trading, and how to place an order knowing what it costs.

2 tracks · 14 lessons · ~4.3 hrs

By the end

You can read a quote, size a position, and place an order without guessing.

Continue to Intermediate level →

Forex Foundations

8 lessons~2.5 hrs

The vocabulary and arithmetic every other track assumes you already have. Start here even if you have traded something else before, because the units are different.

  1. 1What you are actually trading3 lessons
  2. 2The money side2 lessons
  3. 3Placing your first trade3 lessons
Open track →

Market Mechanics

6 lessons~1.8 hrs

How the market behaves around you: who else is trading, when liquidity is there, how your order really fills, and how to check a broker before you trust it with money.

  1. 1Who is on the other side2 lessons
  2. 2How your order actually fills2 lessons
  3. 3Before you deposit2 lessons
Open track →
INTERMEDIATEStep 2 of 4

Intermediate level

Reading charts, reading the macro calendar, and managing risk well enough that a losing run does not end the account.

4 tracks · 35 lessons · ~12.5 hrs

By the end

You can analyse a market and manage your own risk.

Continue to Advanced level →

Technical Analysis

9 lessons~3.2 hrs

Reading a chart as a record of what buyers and sellers did, rather than as a set of shapes that predict the future.

  1. 1Reading the chart3 lessons
  2. 2Following the trend3 lessons
  3. 3Measuring the move3 lessons
Open track →

Fundamentals and Macro

8 lessons~2.7 hrs

Why currencies move over weeks and months, what the scheduled data actually measures, and how to be in the market around a release without being run over by it.

  1. 1What sets a currency's price2 lessons
  2. 2The data that moves the market3 lessons
  3. 3Putting macro on the chart3 lessons
Open track →

Risk and Money Management

8 lessons~2.8 hrs

The track that decides whether an edge ever reaches your account. Most of it is arithmetic you can do before the trade.

  1. 1Sizing a single trade3 lessons
  2. 2Surviving a run of losses3 lessons
  3. 3Risk across positions2 lessons
Open track →

Gold and XAU/USD

10 lessons~3.8 hrsOptional

The instrument specialisation for gold. It assumes the core tracks: everything here is about what gold does differently, not about how trading works.

  1. 1Gold as an asset3 lessons
  2. 2Trading gold on a forex platform2 lessons
  3. 3Analysing gold3 lessons
  4. 4Risk and mindset2 lessons
Open track →
ADVANCEDStep 3 of 4

Advanced level

Building a strategy you can test, and closing the gap between the rules you wrote and what you do.

2 tracks · 11 lessons · ~3.9 hrs

By the end

You have a system written down and a review loop that improves it.

Continue to Professional level →

Turning things that work sometimes into rules you can test, measure and keep — and learning how easy it is to fool yourself while doing it.

  1. 1From idea to rules2 lessons
  2. 2Testing it2 lessons
  3. 3Judging it2 lessons
Open track →

Psychology and Journaling

5 lessons~1.7 hrs

The gap between the rules you wrote and what you actually did, and the process that closes it. Less about mindset than about building a record you cannot argue with.

  1. 1Why you break your own rules2 lessons
  2. 2Building a process3 lessons
Open track →
PROFESSIONALStep 4 of 4

Professional level

Risk across a book rather than a trade, several strategies at once, and the administrative side of trading as a business.

1 tracks · 5 lessons · ~1.8 hrs

By the end

You can run a book of strategies and keep records that hold up.

Try the calculators →

Professional Practice

5 lessons~1.8 hrs

What changes when trading stops being a single account with a single strategy: risk across a book, several systems at once, and the administrative side nobody covers.

  1. 1Risk at the account level2 lessons
  2. 2Trading as a business3 lessons
Open track →

Not ready to start the course? Try a lot size calculation first.

Use the calculators to size your trade and check your risk before you trade for real.

Go to the calculators