The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader
$21.68
| Author(s) | |
|---|---|
| Product Type |
Ebook |
| Format |
|
| Skill Level |
Beginner to Intermediate |
| Pages |
240 |
| Publication Year |
2015 |
| Delivery |
Instant Download |
The Forex Trading Course by Abe Cofnas is one of the most practical and structured guides ever written for traders who want to build a solid, confident foundation in the foreign exchange market. Designed as a complete self-study system, this book walks readers through the essential mechanics of currency trading—from market structure and chart interpretation to sentiment analysis, trade planning, and risk management.
Unlike theoretical FX books, Cofnas focuses on hands-on skills: how to understand price movement, how to evaluate trend direction, how to read momentum, how to structure an entry, and how to measure risk relative to reward. Drawing from decades of professional FX experience, he introduces a clear framework for analyzing chart patterns, support–resistance structures, multi-timeframe relationships, and breakout conditions.
The book also covers unique forex-specific concepts—such as currency pairs dynamics, economic drivers, intermarket relationships, carry trades, sentiment indicators, and market psychology. Traders learn how to evaluate economic releases, recognize liquidity pockets, and understand why price behaves differently in major FX sessions like London Open or New York volatility windows.
Cofnas also includes step-by-step exercises, quizzes, performance reviews, and strategy modeling—making this book function as a true training program rather than just a reference manual. By the end, traders gain the confidence to build their own FX trading plan, manage risk professionally, and execute with discipline.
Whether you are beginning your forex journey or refining your execution skills, this book gives you everything needed to build profitable habits and a strong analytical foundation.
✅ What You’ll Learn:
- How the forex market works, including currency pairs, sessions, liquidity, and volatility behavior
- How to read price charts, analyze trends, and identify reversal and continuation patterns
- Core technical analysis tools for FX: momentum, oscillators, trendlines, breakouts, and confluence zones
- How sentiment and economic data impact currency movement
- Strategies for intraday trading, swing trading, and breakout trading
- How to evaluate risk–reward, set stops, manage trade expectations, and create realistic targets
- Multi-timeframe analysis techniques for higher confidence entries
- How to build a professional trading plan and performance journal
- How to avoid common psychological traps, emotional errors, and undisciplined trading
- Real-world practice exercises to test your skills and reinforce key concepts
💡 Key Benefits:
- A complete self-study curriculum that transforms beginners into confident FX traders
- Clear, step-by-step trading frameworks you can apply immediately
- Improved discipline through structure, quizzes, and guided practice
- A deeper understanding of forex-specific behaviors that most traders overlook
- Stronger risk management and trade evaluation skills
- High-quality training that bridges the gap between theory and profitable application
👤 Who This Book Is For:
This book is ideal for:
- New and developing FX traders who want a structured, practical training program
- Traders coming from stocks or crypto who want to master the unique dynamics of currencies
- Day traders and swing traders who want clearer trade selection and execution rules
- Self-directed learners who prefer worksheets, exercises, and guided self-study
- Anyone seeking to build a complete trading plan for the forex market
📚 Table of Contents:
Part I – Understanding the Forex Market
- Market Structure & Participants
- Currency Pairs, Quotes, & Pip Mechanics
- Liquidity, Sessions, & Volatility Cycles
- Intermarket Relationships & Economic Drivers
Part II – Technical Foundations
- Chart Types & Timeframes
- Support/Resistance Mapping
- Trend Analysis & Breakout Conditions
- Momentum, Oscillators, & Price Patterns
Part III – Trading Strategy Development
- Trade Setup Identification
- Entry, Exit, Stop-Loss, and Target Planning
- Trade Management & Scaling Techniques
- Sentiment Analysis & Market Psychology
Part IV – Applying Your Skills
- Exercises & Practice Drills
- Trade Journaling & Performance Review
- Building Your Own Forex Trading Plan
- Case Studies & Real-World Chart Examples
The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader By Abe Cofnas
13 reviews for The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader
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Octavia Hines (verified owner) –
Very good overview of the fundamentals, not encountered in similar books, and good technical analysis section (as useful as indicators ever are!). Good coverage of the various currencies and the major pairs too.
Adalyn Russo (verified owner) –
Having read several books on the subject matter I found this book to be the most instructive on getting started. The author provides an intuitive guide which I know I will refer back to time and time again.
Leonard Perez (verified owner) –
Ok
Valerie Wilkinson (verified owner) –
Don’t waste your time here. Big disappointment.
Cofnas writes a monthly article in Futures Magazine which is what led me to this book to begin with. Since his contributions to the magazine are only one page and seemingly topical I thought I’d get the seven course dinner here.
What I got was a reheated burger and warmed over fries.
This man really needs to take some courses on writing books. Thoughts disjointed. Incomplete thoughts. Rambling thoughts.
There are too many GOOD books on what can be a very deep subject( Chandler and Laidi for 2 of the best )for the same money. This is hardly a “Guide to Becoming a Successful Currency Trader” – maybe only in the sense that it will spur you on to find the really good books to become successful.
Cofnas also puts out a series of videos that I had a chance to review but thankfully didn’t pay for. Same problem there.
I honestly don’t know if Cofnas even knows this stuff. If he does it certainly wasn’t evident anywhere in this book. Most points were generic and lacking any real explanation or depth – kind of a list of what to go educate yourself on from some other source.
In any event, trust me, after reading this book you will be no more prepared to tackle what is unequivocally the hardest market of all to trade. The central banks and big private banks can hold their collective breaths a lot longer and with way deeper pockets than any of us.
If you are a seventh grader writing an introductory paper on the subject this book is for you – otherwise pass and keep looking.
Catalina Gillespie (verified owner) –
Definately for beginners – deals with some fundamentals, but not much more. The final chapter of the book directs the reader to the author’s website and promises that one can download the ” Learn4x Trading Pad ” which ” uniquely offers built-in analytics on trader performance, allowing the trader to track key performance results”. The link however doesn’t work and I was unable to find, much less download the Trading Pad at the author’s site. I did see several inducements to purchase his book. This was a real let down, as I think most beginners would find such a tool extremely useful in honing their skills.
Skyler Summers (verified owner) –
Nothing new or great here. If your just getting started this book will help with the basics. The part about system development is very sparse (essentially just says use ms excel for backtesting).
Nikolai Frazier (verified owner) –
The content is not a lot different to a number of other books on this subject.
Dylan Stone (verified owner) –
I bot this book for my trading education. I hope it will happen . I used also ‘Stock Trading’. Thank you.
Jamie Fitzgerald (verified owner) –
very good very good, book was of good value and the quality is also very good, if i need another i will consider this source again
Uriel Jacobs (verified owner) –
I have purchased and read most of the recent books related to Trading Forex. I would place Abe Cofnas’ newly released “The Forex Trading Course: A Self-Study Guide to Becoming a Successful Currency Trader” at the top of the list of books to purchase. The author covers the basics of trading: Fundamentals and Technical Analysis in a very in-depth level. However, I feel what sets this book apart from others are discussions of Advanced Strategies (e.g., Renko scalp setup and Pattern Recognition).
This book is a Must Read!
Kason Washington (verified owner) –
This book is supposed to be for beginners in forex. But it is very poorly done. It mostly deals with fundamental analysis, but in a very unorganized and unstraight forward fashion. He shows bar charts and candlestick charts without bothering to explain how to read them. He even starts talking about pips without explaining what a pip is. Then he just gives the standard overview of technical analysis. Nothing truly in depth. He mentions using a practice account, but kind of pooh-poohs it. Then he challenges people to open $5,000 and $10,000 accounts and make 10-15 pip trades. This is not good in my opinion.
A person should open a practice account an stick with it until they can make money consistantly. Then they should open a small account ($1,000-$2,000) and trade partial lots till they get the hang of it. And unless they like scalping (10-15 pip trades), they should aim for 100 pip trades. The only way I could ever make only 10 pips is to risk 30.
Read Currency Trading for Dummies. It is a very well thought out, organized, and certainly more informative than the Forex Trading Course. The dummies book also has suggested reading at the end for further study. The Forex Trading course has a few books mentioned throughout, but considering how bad The Forex Trading Course is put together, I wouldn’t trust the books listed outright.
Eleanor Villarreal (verified owner) –
This is a great book. It filled in a lot of the missing info that new forex traders are missing in their everyday trading. This book has a nice mix of technical and the fundimentals that are missing in a lot of other author’s books. This book should be in every new trader’s library.
Marlee Haynes (verified owner) –
Great book