Level 3 · Understand the macro
What moves currencies over months and years: interest rates, central bank policy, inflation, GDP, employment data, correlation, volatility, liquidity and portfolio-level risk.
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Learn how fundamental analysis works in forex: interest rates, inflation, growth, jobs and central banks, plus how expectations shape currency moves.
4 min read
Understand why interest rates drive exchange rates: rate differentials, expectations, real yields, carry trades and swap costs, with worked examples.
4 min read
How central banks like the Fed, ECB, Bank of England, Bank of Japan and RBI set policy, what tools they use and how forex traders read their signals.
5 min read
Learn how inflation affects exchange rates, the difference between CPI and PCE, headline vs core measures, and how traders read inflation surprises.
4 min read
Learn what GDP measures, how growth data is reported in different countries, why annualized and quarterly figures differ, and how GDP moves currencies.
4 min read
Learn how jobs reports move currencies: US Nonfarm Payrolls, the unemployment rate, wages, revisions and other labor data, plus how to manage release risk.
4 min read
Learn what currency correlation is, how the −1 to +1 coefficient works, why correlations change, and how to avoid doubling risk with correlated trades.
4 min read
Learn what volatility is in forex, how to measure it with Average True Range, why it changes, and how to adjust stops and position size to match it.
4 min read
Learn what liquidity means in forex, how it varies by pair and session, and how thin markets lead to wider spreads, slippage and price gaps.
4 min read
Learn to manage risk across all open forex trades: aggregate exposure, correlated positions, currency concentration, drawdown limits and worked examples.
4 min read
What forex is, how currency pairs are quoted, and the core mechanics every trader must understand: pips, lots, leverage, margin, spreads, orders and basic risk management.
Technical analysis without the hype: support and resistance, trendlines, moving averages, RSI, MACD, Bollinger Bands, Fibonacci, candlestick and chart patterns, risk/reward and trading psychology.