BeginnerFree
Forex Foundations
How currency pairs, pips, lots, spreads and leverage work, and why the forex market moves the way it does across the trading week.
Start the course4 lessons
Lessons
- 01What Is Forex?The currency market explained: who trades it, why it is the biggest market in the world, and how the trading sessions work around the clock.4 min
- 02Currency Pairs and PipsBase and quote currencies, majors, minors and exotics, what a pip is, and how to work out what each pip is worth in real money.4 min
- 03Leverage and MarginWhat leverage really does to your account, how margin works, a worked example of both a big gain and a wipeout, and why beginners keep leverage low.4 min
- 04Reading a Forex QuoteHow to read the two prices in every forex quote, what the spread costs you, how standard, mini and micro lots work, and when to use each order type.5 min