Learn Forex and Gold Trading
Step by Step from Zero

An uptrend is when price makes a new high above the previous one (higher high) and a new low above the previous one (higher low). A downtrend is the opposite. An uptrend line runs through at least 2 lows and a downtrend line through at least 2 highs. Use it as a guide to enter with the trend.

Note A line that price has touched and bounced off several times is more reliable than one with only 2 touches, and it does not have to pass through every wick. Draw it through the points the market sees most clearly.

What you learn

Telling uptrends from downtrends and drawing trendlines

When to use it

Every time you open a chart

When price stops making new highs or lows and swings between support and resistance, the market is moving sideways. You can trade it two ways: bounce trades inside the range, or wait for price to break out of the range (breakout) and come back to test the old edge (retest).

Note False breakouts are common, especially around big news. Waiting for a candle to close outside the range or for a retest helps you avoid entering at the wrong time, even if your entry price is slightly worse.

What you learn

Drawing a sideways range and trading breakouts and retests

When to use it

When price has no clear direction

The first sign of a reversal is price breaking the old trendline, but you need to read the structure too. For example, an uptrend starts to change when price makes a lower high and breaks the latest higher low.

Note A trendline break on its own is not always a reversal. Price may just move sideways before continuing in the same direction, so wait for the structure to change clearly.

What you learn

Reading trendline breaks and changes in structure

When to use it

When you wonder whether a trend has ended

The main trendline shows the big direction, while the speed line is a sub-trendline that follows price’s latest run. When price pulls back and then breaks the speed line back in the direction of the main trend, it is an entry with the trend that allows a tighter stop loss.

Note Only trade speed line signals that go the same way as the main trend. Moves against the main trend are usually just pullbacks, not reversals.

What you learn

Using speed lines to time entries with the trend

When to use it

When price pulls back within a trend

A sideways range that price breaks out of strongly to the upside is a demand zone, and one it breaks to the downside is a supply zone. When price comes back to test the zone, enter with the trend and place your SL outside the zone. If the zone is broken, it flips its role straight away. An order block uses the single candle before a strong break instead of the whole range.

Note Only use zones on the same side as the trend: demand zones in an uptrend, supply zones in a downtrend.

What you learn

Drawing demand and supply zones and order blocks

When to use it

Finding support and resistance to trade with the trend

When candle 2 moves so strongly that the wicks of candles 1 and 3 do not overlap, the gap between them is a fair value gap (FVG). A long green candle gives a bullish FVG (support) and a long red candle gives a bearish FVG (resistance). When price comes back to test the gap, enter with the trend and place your SL outside the zone.

Note Delete a bullish FVG as soon as price closes below its bottom edge, because no leftover buying is left to support price.

What you learn

Marking bullish and bearish FVGs and trading the retest

When to use it

After a strong candle, to find an entry with the trend

Divergence is when price and the RSI move in opposite directions. Classic divergence: price makes a lower low while the RSI makes a higher low (or a higher high against a lower RSI high). Hidden divergence is the reverse. Either way it signals a possible pause or reversal, not a guaranteed reversal.

Note First expect price to pause to the nearest support or resistance, and confirm a reversal only when the trend structure changes. Always check the higher timeframe.

What you learn

Reading the 4 classic and hidden divergence patterns

When to use it

When a move looks stretched and you wonder if it will pause or reverse

Once price breaks a high or a low, draw FIBO on the previous swing (the trend head) from wick to wick. The 1.618, 2.618, 3.618 and 4.236 extension levels become targets for taking profit with the trend, or possible wick-tip entries against it.

Note An entry at a FIBO level is always counter-trend. Only take it with M5 divergence and a higher-timeframe supply, demand or FVG zone.

What you learn

Drawing FIBO extensions for targets and entries

When to use it

Setting take-profit targets, or timing a reversal entry on M5

Measure distance in pips (1 pip = 10 points; on gold 1 pip = 0.01), work out profit and loss with pip value × lot size × pips, then size every trade backwards: lot size = amount you are willing to lose ÷ (SL pips × pip value).

Note Keep the risk on each trade to about 1–5% of your account and always round the lot size down.

What you learn

Pips, profit and loss, and position sizing

When to use it

Before every trade you open

Backtesting means testing a strategy on past price data before risking real money. FXReplay lets you replay-trade with real order types (Buy/Sell, pending, SL/TP) and built-in stats on 2 free sessions. FastBull offers free Bar Replay on a TradingView chart once you share to unlock it.

Note Use the same entry and exit rules every time, never peek at future candles, and follow a good backtest with a demo account before trading live.

What you learn

Running a backtest step by step on two free sites

When to use it

Before trading any new strategy with real money

Stochastic compares the close with the high–low range of the last N candles on a 0–100 scale. With the 9/3/3 setting, look for three entry signals: above 80 / below 20 (overbought / oversold), %K crossing %D inside those zones, and divergence between price and STO.

Note In a strong trend STO can stay overbought or oversold for a long time. Plan the direction on the higher timeframe first and only take M5 signals on that side.

What you learn

Setting STO 9/3/3 and reading its 3 entry signals

When to use it

Timing an M5 entry once price reaches your planned zone

Bollinger Bands are an SMA20 middle band with upper and lower bands 2 standard deviations away, so they widen when volatility rises and narrow when it falls. On M5, a break below the lower band that closes back inside is a buy signal, and a break above the upper band that closes back inside is a sell signal.

Note In a strong trend price can ride a band for a long time. Only take the side that matches your higher-timeframe plan, and avoid big news releases.

What you learn

The 3 BB lines and the breakout entry

When to use it

Timing an M5 entry in the direction of your plan

You can start with about $10 if your plan’s SL fits the account. At lot 0.01, a 27.7-pip EUR/USD SL loses about $2.77, while a 1,100-pip gold SL loses $11, so that gold plan needs at least $20. Results come from your setup, your TP/SL and your risk management, not from the size of the account.

Note With $10–$20 at lot 0.01 the risk per trade is far above 1–2%. Treat it as a learning cost, or use a cent or demo account.

What you learn

Working out the money at risk on each trade

When to use it

Before opening your first real account

Sniper (All-in) means waiting for your most confident setup and sizing the lot so that hitting the SL loses your whole account: lot size = capital ÷ (SL pips × pip value). A $10 EUR/USD account with a 50-pip SL gives 0.02 lot, and a $30 gold account with a 100-pip SL gives 0.03 lot.

Note Stop out can close the trade before your SL, and at 50% accuracy only 12.5% of accounts survive 3 trades in a row. It is not for beginners; start at 1–2% risk per trade.

What you learn

The all-in lot size formula and its hidden risks

When to use it

Only once your system has a proven track record

TradingView runs in your browser and its Basic plan is free with no credit card. Sign up with Google or email, search XAUUSD and open the chart, then learn the 3 toolbars: the top for symbol, timeframe, indicators and alerts, the left for drawing tools, and the right for the watchlist and object tree.

Note The free plan allows 2 indicators per chart, 1 chart per tab and 3 price alerts, based on TradingView’s pricing page as of Oct 2026. Stick with one price source close to your broker.

What you learn

Setting up TradingView and its main tools

When to use it

Before following any chart lesson in this course

A free MT4 indicator and template that draws demand/supply zones, bullish and bearish order blocks and FVGs automatically. Install it in 5 steps: download, extract, copy the MQL4 and templates folders, paste them into the MT4 data folder, then load the Z_DemandSupplyAndOrderblock template and tick OB and FVG.

Note It works with MT4 only, not MT5. The zones are an aid, not signals: trade only zones that match the higher-timeframe trend, wait for confirmation and always set a stop loss.

What you learn

Installing the indicator and choosing zones for entries

When to use it

After EP5 and EP6, to spot zones faster

RSI measures buying and selling pressure from 0–100, with a standard setting of 14 and levels at 70/30. Consider selling when RSI is above 70 and turning down, or buying when it is below 30 and turning up, and use classic or hidden RSI divergence for earlier signals.

Note In a strong trend RSI can stay overbought or oversold for a long time. Trade only the side that matches the trend, at a zone, after a confirmation candle.

What you learn

Overbought/oversold and RSI divergence entries

When to use it

Timing entries at support or resistance

Two free indicators draw classic and hidden RSI divergence for you: RSI Divergence Indicator, installed in MT4 through Market with an MQL5 login, and Divergence for Many Indicators v4 on TradingView. Set them up step by step and read the coloured lines: dotted for classic, dashed for hidden.

Note Unconfirmed signals can change or disappear. Treat a line as a warning, check the trend and key zone, wait for a confirmation candle and always set a stop loss.

What you learn

Installing divergence indicators on MT4 and TradingView

When to use it

After EP7 and EP17, to spot divergence faster

Read the same chart top-down: D1 for the main trend, H4 for the minor structure, H1 for confirmation and M5 for the entry and a tight stop loss. The big picture gives the direction, the small picture gives the entry timing, shown with a real gold buy plan at an H1 demand zone.

Note When timeframes disagree, follow the higher one. Stick to one set of 3–4 timeframes and use M5 only once price reaches your planned zone.

What you learn

Top-down analysis from D1 to M5

When to use it

Before every trade, to align direction and entry