From setting up MT5 to reading candlesticks, market structure, and smart money concepts — build a complete trading foundation, ending with real live market analysis.
Every lesson is taught directly on MT5 charts — so what you practice is exactly what you'll use.
Wealth Net has spent over two decades immersed in the forex market — trading through multiple economic cycles, currency crises, and shifting market conditions, long before "online trading education" was even a category. That experience is exactly what shaped this course.
Every lesson in Forex Basics, from reading a single candlestick to managing risk on a live trade, reflects patterns we've watched repeat again and again across twenty years of charts. Our goal isn't to hand you a shortcut — it's to compress two decades of hard-won, practical lessons into a curriculum you can actually follow, so you don't have to learn the same expensive lessons the slow way.
Eleven focused lessons, each with a breakdown of exactly what you'll practice — from your first chart to confidently analyzing live markets.
Install and configure MetaTrader 5, set up charts, indicators, and your first demo account.
Read candlestick anatomy and the core reversal and continuation patterns that drive price action.
Identify trends through higher highs, higher lows, and structural breaks that signal shifts.
Map the zones where institutional orders cluster and price tends to reverse or accelerate.
Draw reliable horizontal levels and understand why price respects — or breaks — them.
Spot where stop-losses and pending orders pool, and how price is drawn toward them.
Understand order blocks, imbalances, and how institutional players actually move the market.
Size positions correctly, set stop losses, and protect capital so you can trade another day.
Manage fear, greed, and emotional decisions so discipline — not impulse — drives your trades.
Log every trade's setup, result, and lesson to turn experience into a repeatable edge.
Apply everything in real-time market sessions, analyzing and reacting to live price action.
A visual and a full walkthrough for each lesson, so you know exactly what you're learning before you start.
MetaTrader 5 is the trading platform you'll use throughout this course, and getting comfortable with it before touching a real trade matters more than most beginners expect. This lesson starts with the basics: downloading and installing MT5 on your desktop, plus the mobile app so you can check the market from anywhere. Once it's installed, you'll open a free demo account funded with virtual money — a safe space to practice everything you learn without any real financial risk. From there, we walk through the interface itself: the Market Watch panel where currency pairs are listed, the chart window where price action lives, and the navigator panel where your indicators are stored. You'll learn how to open multiple chart windows, switch between timeframes, and arrange them into a layout that actually helps you think, not just one that looks busy. We also cover template saving, so you don't have to rebuild your favorite chart setup from scratch every session, and how to add the small set of indicators used later in the course. Order types get proper attention too: market orders, limit orders, stop orders, and how each behaves differently when price moves. You'll place your first practice trade on the demo account, adjust stop loss and take profit levels, and get familiar with the one-click trading panel. By the end of this lesson, MT5 should feel like a tool you control, not one that controls you, because every concept taught later is taught directly on this same platform.
Candlesticks are the alphabet of price action, and this lesson teaches you to read them fluently. We start with anatomy: the body, which shows the range between the opening and closing price, and the wicks, which show how far price pushed beyond that range before pulling back. A green candle means price closed higher than it opened; a red candle means the opposite. Once the basic shape is second nature, we move into the patterns that actually matter for decision-making. Reversal patterns like the pin bar, engulfing candle, and doji get broken down individually — what they look like, where they tend to appear, and why they signal that momentum might be shifting. We also cover continuation patterns, the quieter candles that confirm a trend is still intact rather than about to reverse, since ignoring these is a common beginner mistake that leads to exiting winning trades too early. A large part of this lesson focuses on context: the exact same candle shape can mean very different things depending on where it forms — at a key support level, inside a supply zone, or in the middle of nowhere. You'll practice spotting patterns across multiple timeframes, because a strong signal on a small timeframe can look completely different once you zoom out. By the end of this lesson, you won't just recognize shapes — you'll understand what buyers and sellers were actually doing to create that candle.
Market structure is how price organizes itself into a story you can actually follow, and this lesson gives you the framework professional traders use to read that story. You'll learn to identify an uptrend through a sequence of higher highs and higher lows, and a downtrend through the opposite. It sounds simple, but consistently marking these points correctly on a live, noisy chart is a skill that takes real practice, and we walk through it step by step using historical and current examples. From there, we introduce two concepts that show up constantly in more advanced material later in the course: Break of Structure, which confirms a trend is continuing, and Change of Character, which is often the earliest warning sign that a trend is about to reverse. Knowing the difference between the two, and not confusing a temporary pullback with a genuine reversal, is one of the biggest edges a trader can develop. We also spend time on the difference between trending and ranging markets, since strategies that work beautifully in a trend can lose money consistently in a range. You'll get hands-on practice marking structure directly on live MT5 charts, starting on higher timeframes and working down, so you build the habit of always knowing the bigger picture before zooming into an entry. This lesson is the backbone the rest of the course builds on.
Supply and demand zones are the areas on a chart where big buying or selling pressure previously entered the market, and this lesson teaches you to spot them with real precision rather than guesswork. A demand zone forms where price found strong buying interest and rallied away — a level buyers may return to again. A supply zone is the mirror image, where selling pressure pushed price down sharply. You'll learn to tell the difference between a fresh, untested zone and one that's already been tapped multiple times, since zones tend to weaken each time price revisits them. We cover the specific candle patterns that mark strong zones — rally-base-drop and drop-base-rally formations — and how the size and speed of the move away from a zone hints at how much unfilled interest might still be sitting there. This lesson also addresses a common beginner trap: treating every minor pullback as a valid zone. You'll learn a simple set of criteria for filtering out weak, low-probability zones from the ones worth watching. Combining supply and demand with market structure is where this really comes together — a demand zone that lines up with a higher-low in an uptrend carries far more weight than one sitting randomly in the middle of a range. Through guided chart examples, you'll practice marking zones on both historical and live charts.
Support and resistance are the most fundamental levels in technical analysis, and this lesson makes sure you can draw them cleanly and use them with real confidence. Support is a price level where buying pressure has historically stepped in to stop a decline; resistance is where selling pressure has capped a rally. You'll learn a practical method for drawing these levels, using candle wicks versus closing prices, and how many touches a level needs before it's considered meaningful rather than coincidental. One of the more counterintuitive ideas covered here is role reversal: once resistance is broken with conviction, it frequently flips and becomes support on a retest, and vice versa. Recognizing this shift in real time is a skill that separates traders who anticipate the market from those who are always reacting a step behind. We also dig into the difference between a genuine breakout and a false break, the fakeouts that trap traders into bad positions right before price reverses hard. You'll learn a few simple confirmation techniques, like watching how a candle closes relative to the level rather than reacting to the first touch. This lesson pairs support and resistance with earlier candlestick knowledge, since a pattern forming exactly at a key level is a far stronger signal than the same pattern appearing in open space.
Liquidity is one of the more advanced concepts in this course, but understanding it changes the way you see every chart afterward. In simple terms, liquidity refers to the pools of pending orders — stop losses and entry orders — that sit above recent highs and below recent lows. This lesson explains buy-side liquidity, resting above highs, and sell-side liquidity, resting below lows, and why price is naturally drawn toward these pools rather than moving in a straight line. You'll learn to spot equal highs and equal lows on a chart, strong visual clues that liquidity has built up at a specific level, and how a liquidity sweep — a sharp wick through that level followed by a fast reversal — often signals that large players have triggered those orders before pushing price the other way. This is also where we address one of the most frustrating experiences beginner traders have: getting stopped out right before the market moves in their original direction. Understanding liquidity sweeps helps explain why this happens so often and, more importantly, how to adjust stop-loss placement so you're less likely to sit directly inside an obvious pool. We also cover how liquidity connects with market structure and supply and demand, since a sweep at a key structural level is one of the more reliable setups covered in the next lesson.
Smart Money Concept, often shortened to SMC, ties together everything from the previous lessons into a single, more complete framework for reading how institutional participants move price. This lesson opens with order blocks: the last opposing candle before a strong, decisive move, which often marks where large orders were placed. You'll learn to distinguish bullish and bearish order blocks and understand why price frequently returns to retest them before continuing in the original direction. From there, we cover fair value gaps, sometimes called imbalances — the gaps left in price when the market moves so fast that buyers and sellers didn't get to trade at every level, and why price often circles back to fill these gaps later. A significant part of this lesson is dedicated to the difference between how institutional players and retail traders tend to behave, since much of SMC is built around anticipating the mechanics of the former rather than reacting like the latter. You'll walk through a complete trade thesis from start to finish: a liquidity sweep, a shift in market structure, an order block, and a fair value gap all lining up on the same chart, which is what a high-probability SMC setup typically looks like. By the end, you'll have a repeatable process for building a trade idea from multiple confirming pieces of evidence.
Risk management is arguably the most important lesson in this entire course, because no strategy, however good, survives without it. This lesson opens with position sizing: calculating exactly how much to trade based on a fixed percentage of your account you're willing to risk, rather than picking a lot size arbitrarily. You'll learn a simple formula connecting your stop-loss distance, account size, and risk percentage, and practice applying it across several example trades until it becomes automatic. From there, we cover stop-loss and take-profit placement, not as an afterthought added after entering a trade, but as a decision made before you ever click buy or sell, based on the structure and zones covered in earlier lessons. Risk-to-reward ratio gets a full breakdown here too: why a strategy with a lower win rate can still be profitable if the average winning trade is meaningfully larger than the average losing trade, and how to think in terms of expectancy rather than chasing a high win percentage. We also introduce hard rules around daily and weekly maximum drawdown — fixed limits that, once hit, mean you stop trading, no exceptions. This single rule prevents the kind of emotional spiral that turns one bad trade into an account-ending session, and it's one of the most common habits separating traders who last years from those who don't.
Trading psychology is where strategy meets human nature, and this lesson addresses the mental side of trading that technical skill alone can't fix. We start by naming the two emotions responsible for most trading mistakes: fear, which causes traders to exit winning trades too early or hesitate on valid setups, and greed, which causes oversized positions and holding onto losing trades far longer than the plan allows. You'll learn to recognize the early warning signs of revenge trading — the urge to immediately re-enter the market after a loss to win it back — one of the fastest ways to turn a single bad trade into a genuinely damaging session. A major focus of this lesson is building a pre-trade checklist and routine: a short, repeatable set of questions you ask before every entry, which creates a pause between impulse and action and keeps decisions aligned with your actual strategy rather than your mood in the moment. We also cover how to handle losing streaks without abandoning your rules, since even a statistically sound strategy will produce strings of losses, and panicking mid-streak is often what causes real damage rather than the losses themselves. Journaling emotional state alongside outcomes, covered in the next lesson, gets introduced here as a tool for spotting your own patterns over time.
A trade journal is the tool that turns scattered trading experience into an actual, improving skill, and this lesson walks you through building one that you'll realistically keep using. We start with exactly what to record for every trade: the setup type, entry and exit price, position size, risk-to-reward ratio, and a short note on why you took the trade in the first place. Just as important as the numbers is the qualitative side — your emotional state going in, whether you followed your plan exactly or deviated from it, and what you noticed about the market that the numbers alone don't capture. You'll learn a simple system for screenshotting each trade at entry and exit, and tagging entries by strategy type, so that months later you can filter your history and see which specific setups are actually working for you rather than relying on a vague overall feeling. We cover a weekly review routine: setting aside time to go back through the week's trades, looking for repeated mistakes, and identifying the conditions under which your best trades tend to happen. This lesson also addresses a common failure point — journals that get abandoned after a week or two — by keeping the format simple enough to maintain consistently. The real payoff isn't the record itself; it's the pattern recognition it enables over time.
Live Analysis is where every previous lesson comes together, and this final session is built around applying the full toolkit to the market as it's actually moving in real time. We start with a top-down analysis process: beginning on a higher timeframe to establish overall market structure and bias, then progressively narrowing down to lower timeframes to find a precise, well-timed entry, rather than jumping straight into a small timeframe with no broader context. You'll practice spotting Smart Money Concept setups as they form live: a liquidity sweep at a key level, followed by a shift in structure, an order block forming, and a fair value gap left behind, all identified in real time rather than pointed out after the fact on a historical chart. This lesson includes guided execution on your demo account, following the exact risk management rules from earlier lessons, so you experience the full decision-making process under the same time pressure and uncertainty you'll face going forward. We also walk through a proper post-session review immediately afterward: logging the trade in your journal, noting what the chart actually did versus what you expected, and identifying anything you'd do differently next time. This closing lesson is the bridge between learning forex concepts individually and actually trading with them.
Every topic is built to take you from watching charts to confidently reading them.
Each topic builds on the last — from platform setup to full market analysis — with no gaps.
Capital protection is taught before chasing profit — the real secret to staying in the game.
Beyond strategy, you build real discipline — then apply it directly to live markets.
Everything you need to know before you start.
No. The course starts from MT5 setup and candlestick basics, so it's built for complete beginners. Each topic builds on the last.
MetaTrader 5 (MT5). Lesson 01 walks you through installing it and opening a free demo account, so you can practice with no real money at risk.
All practice happens on a demo account. The goal is to build consistent, rule-based habits before any live capital is involved.
You'll apply structure, supply & demand, liquidity, and SMC together in real market sessions — reading price top-down and journaling the outcome.
No. Forex trading carries real risk and no course can guarantee profits. This course teaches a structured, risk-managed approach — not a promise of returns.
Topic 01 through 11 — follow the full roadmap and become a skilled, disciplined trader.
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