Forex Basics

12 lessons • 2-3 hours

Course Content

Learn the basics of the foreign exchange market and how currencies are traded globally.

10 min

The foreign exchange market, commonly known as Forex or FX, is the largest financial market in the world.

More than $6 trillion worth of currencies are exchanged globally every day.

Forex trading means buying one currency while simultaneously selling another.

Currencies are traded in pairs, and traders aim to profit from changes in exchange rates.

If you believe the Euro will strengthen against the US Dollar, you would buy EUR/USD.

If your prediction is correct and the price rises, you make a profit.

Open 24 hours a day from Monday to Friday

High liquidity

Low entry barriers

Accessible from anywhere

Opportunity in both rising and falling markets

Unlike stock markets that focus on companies, forex is driven by global economies, interest rates, inflation, and geopolitical events.

Discover major, minor, and exotic currency pairs and how they are quoted.

15 min

Master the key terminology that every forex trader needs to know.

12 min

Learn how to interpret bid/ask prices and calculate spreads.

8 min

Understand when the forex market is most active and volatile.

10 min

Step-by-step guide to placing your first forex trade.

2 min