THE CHART MECHANICSTools & Education
Course · forex

TCM Forex Education

A complete course on how the currency market works: products, quotes, costs, leverage, the forces that move exchange rates, chart reading, risk, testing and review.

  • 25 modules
  • 179-page PDF
  • 9 calculators
  • 149 knowledge-check questions
Module 5 worked example: a losing trade measured in a GBP account
Syllabus

What's in the 25 modules

Eight parts, from first principles to a full research-to-review framework. The last module is a glossary and formula sheet you'll keep coming back to.

Also available in the bundleForex and Futures Education together for £400. See the bundle
FoundationsModules 01–04
  1. 01Start here: how to study FX responsibly
  2. 02The foreign exchange market and its participants
  3. 03Currency pairs, base and quote currency
  4. 04FX products: spot, forwards, CFDs and futures
Market mechanicsModules 05–08
  1. 05Pips, points, ticks and price movement
  2. 06Lots, units and position size
  3. 07Spread, commission, slippage and total cost
  4. 08Leverage, margin and liquidation
What moves currenciesModules 09–12
  1. 09Sessions, liquidity, volatility and calendars
  2. 10Economic drivers: rates, inflation, growth and labour
  3. 11Central banks and monetary policy
  4. 12Political events, risk sentiment and cross-market context
Reading the chartModules 13–16
  1. 13Reading charts and choosing a timeframe
  2. 14Trend, range, support and resistance
  3. 15Technical indicators and analytical tools
  4. 16Building a hypothesis and an analytical process
Risk and executionModules 17–19
  1. 17Orders, execution and stop mechanics
  2. 18Risk measurement and position sizing
  3. 19Trading costs, carry and currency conversion
Testing and reviewModules 20–21
  1. 20Backtesting, demo practice and research quality
  2. 21Trading journal, review and behavioural risk
Advanced and safetyModules 22–23
  1. 22Advanced concepts: correlation, carry, options and volatility
  2. 23Operational safety, scams and provider due diligence
Bringing it togetherModules 24–25
  1. 24Putting it together: a research-to-review framework
  2. 25Glossary, formula sheet and further reading
Try a module

A calculator from Module 5

Every calculator in the course works like this one: change the inputs and the working updates line by line.

Knowledge check

Three questions from Module 5

Each module ends with six questions like these. Every answer comes with the reason, so a wrong answer still teaches you something.

Pick an answer to see how the knowledge checks work.

1. On a 5-digit EUR/USD quote, price moves from 1.08355 to 1.08365. How far has it moved?

2. What is the pip value of 0.50 lots of EUR/USD in a USD account?

3. Why is one pip on one standard lot of USD/JPY worth less than $10 when USD/JPY is 150.00?

Good for
  • Complete beginners who want the mechanics before risking money
  • Traders who use MT4 or MT5 but have never worked out pip values, margin or costs properly
  • Anyone building or buying an EA who wants to understand what it's doing
Not for
  • Anyone looking for signals or a ready-made system
  • Anyone expecting a promise of profits. The course explains risk honestly, including why most retail CFD accounts lose money.