Forex · Level 1

Forex Foundations

Your first steps into currency trading

A beginner course on how the forex market works: currency pairs, pips, lots, leverage, trading sessions and order types, with worked examples.

1. Module 1. What forex is

   • What is the forex market?3 min
   • How currency pairs work3 min
   • Who trades forex and why3 min
   • How forex prices move3 min
   • Module quiz · 5 questions · pass 70%Sign up to take quiz

2. Module 2. Pips, lots and leverage

   • What is a pip?3 min
   • Lot sizes explained3 min
   • Calculating pip value4 min
   • Leverage and margin3 min
   • Margin calls and stop-outs3 min
   • Module quiz · 5 questions · pass 70%Sign up to take quiz

3. Module 3. Trading sessions and orders

   • The forex trading sessions3 min
   • Market vs pending orders3 min
   • Stop-loss and take-profit orders3 min
   • Practising on a demo account3 min
   • Module quiz · 5 questions · pass 70%Sign up to take quiz