The Curious
"You just heard about forex. Let's figure out what it actually is."
Learn what forex is, how currencies are quoted, what pips and lots mean, and who the market participants are. After this level, you could explain forex to a friend at dinner.
Lessons (12)
What Is Forex, Really?
The largest financial market on Earth, and it has no building.
6 min readThe 8 Major Currencies in Forex Trading
Meet the currencies that dominate 90% of all forex trades.
5 min readCurrency Pairs Explained
Base, quote, majors, minors, and exotics.
6 min readBuying and Selling (Going Long and Short)
Yes, you can profit when prices fall. Here is how.
5 min readWhat Is a Pip?
The smallest unit of price change, and the foundation of everything.
5 min readLot Sizes: How Much Are You Trading?
Standard, mini, micro. The difference between $10/pip and $0.10/pip.
5 min readThe Forex Spread: Your Entry Fee
Every trade starts with a small cost. Understand it before you pay it.
5 min readWho Trades Forex? The Market Participants
From central banks to retail traders. Know your place in the food chain.
6 min readHow a Forex Trade Actually Works
From clicking "buy" to seeing profit or loss. Step by step.
5 min readHow to Read a Forex Chart: Your First Look
Don't panic. It's just price over time.
5 min readDemo Accounts: Your Practice Arena
Same charts, same tools, zero risk. Use it until you don't need to think about the buttons.
4 min readHow Many Forex Traders Lose Money? The Honest Truth
Most people lose. Here is why, and what you can do about it.
6 min readReady to Test Your Knowledge?
Complete the lessons above, then take the quiz. You need 70% to unlock Level 2: The Observer.
Take the Quiz (27 questions)Already know this material? Skip straight to the quiz and prove it.