Nov Fund Academy is a free learning hub for traders. Step-by-step lessons, chart patterns, risk management, trading psychology and practical tools — everything you need to understand the forex market, all in one place.
Follow the path in order. Each stage builds on the one before it.
What forex is, how currency pairs work, pips, lots, spreads and leverage.
Open module →Candlesticks, timeframes, support & resistance and market structure.
Open module →Position sizing, drawdown, trading plans, journaling and psychology.
Open module →Master these before placing any trade. Each one is explained in more depth inside the Academy.
Currencies trade in pairs, e.g. EUR/USD. The first is the base, the second is the quote. The price shows how much quote currency buys one unit of base.
The standard unit of price movement. For most pairs it is the 4th decimal place.
How much you trade.
Lets you control a large position with a smaller amount. It magnifies both profits and losses — treat it with respect.
The difference between the bid (sell) and ask (buy) price. It is a cost you pay on every trade.
Buy (long) if you expect the price to rise. Sell (short) if you expect it to fall. You can profit in both directions.
A pre-set price where a losing trade closes automatically. Every trade should have one before you enter.
A pre-set price where a winning trade closes. Combined with your stop, it defines your risk-to-reward.
Candles tell the story of the battle between buyers and sellers. Here are six patterns to learn first.
Small body at the top, long lower wick. Sellers pushed price down but buyers took it back. Most meaningful after a downtrend at support.
Small body at the bottom, long upper wick. Buyers tried to push higher and failed. Watch for it after an uptrend at resistance.
A green candle completely covers the previous red candle's body. Buyers have taken control with strength.
A red candle completely covers the previous green body. Sellers have overpowered buyers — a warning at the top of a move.
Open and close are almost equal. Neither side won. After a strong trend it can signal the move is losing energy.
Three candles: a strong red, a small indecision candle, then a strong green. A classic bottom-reversal formation.
Practice the math behind every trade. Change the numbers and see the results instantly.
How much is one pip worth?
How many lots should you trade?
Is this trade worth taking?
Forex trades 24 hours a day, five days a week, passing between four major sessions. Volatility is highest when sessions overlap — especially London and New York.
Times are approximate and shift with daylight saving. Current time:
Great traders are great risk managers first. Print these and keep them next to your screen.
There is no single best way to trade. Choose a style that matches your personality and available time.
Very short trades lasting seconds to minutes, targeting a few pips.
Positions opened and closed within the same day. No overnight risk.
Holds trades for days to catch larger moves inside a trend.
Long-term trades held for weeks or months, driven by fundamentals.
Most traders don't fail because of a bad strategy — they fail because they can't follow it. Learn to recognise these emotional traps:
Closing winners too early or skipping valid setups after a loss.
Oversizing, ignoring take-profit, or adding to positions without a plan.
Chasing a move that already happened — usually entering at the worst price.
Trying to win back a loss immediately, often with a bigger size.
Consistency in the process creates consistency in results.
Studies price charts, patterns and indicators to find probable future moves. Assumes price reflects all known information.
Looks at economic data and central bank policy to judge a currency's real value and direction.
Measures how traders feel about the market — are most people bullish or bearish, and is the crowd too one-sided?
Seven questions on the basics. Your answers are not saved — it's just for practice. Find out which modules to study next.
If you can't write down why you're entering, where you'll exit and how much you'll risk, don't take the trade.
High leverage turns small moves into big losses. Size positions by risk, not by what is possible.
More trades do not mean more profit. Wait for high-quality setups — sitting out is a position too.
Five indicators that say the same thing only add confusion. Keep your chart clean and simple.
A big data release can move price 50+ pips in seconds. Always check the calendar first.
Every strategy has losing streaks. Test one approach long enough to know if it really works.
Start with Module 1 (Forex Foundations) in the Academy, then follow the Learning Path in order. Take the quiz above after each module to check your understanding.
You can learn the basics in a few weeks, but becoming consistent usually takes months of practice, review and journaling. Treat it like learning any professional skill.
No. Everything on Nov Fund Academy is open and free — no sign-up, no login.
Six modules, 40+ lessons. Free and open to everyone.