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Level 1 · Start from zero

Beginner Course

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.

  • 13 lessons
  • 51 min total reading

Lessons

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  1. What Is Forex? A Beginner's Guide to Currency Trading

    Learn what the forex market is, who trades it, how currency exchange rates move and why trading currencies carries real risk for beginners.

    4 min read

  2. How Currency Pairs Work in Forex Trading

    Understand how forex currency pairs are quoted, what buying or selling a pair means, and the difference between major, cross and exotic pairs.

    4 min read

  3. Base and Quote Currency Explained for Beginners

    Learn the difference between the base and quote currency in a forex pair, how to read a quote, and why your profit or loss lands in the quote currency.

    4 min read

  4. What Is a Pip in Forex? Pip Size and Pip Value

    Learn what a pip is in forex, how pip size differs for JPY pairs, what a pipette is, and how to calculate pip value with clear worked examples.

    4 min read

  5. What Is a Lot in Forex? Standard, Mini and Micro Lots

    Learn what a lot is in forex trading, how standard, mini and micro lots compare, and how lot size changes pip value, exposure and risk per trade.

    4 min read

  6. What Is Leverage in Forex and How Does It Work?

    Learn what leverage means in forex, how leverage ratios work, how it magnifies both profits and losses, and why regulators limit it for retail traders.

    4 min read

  7. What Is Margin in Forex? Used, Free Margin and Margin Level

    Learn what margin is in forex, how to calculate required margin, and how equity, free margin, margin level and margin calls fit together.

    4 min read

  8. What Is the Spread in Forex and How Is It Calculated?

    Learn what the spread is in forex, how to calculate spread cost in pips and money, why spreads widen, and how spreads compare with commission pricing.

    4 min read

  9. Bid and Ask Prices in Forex: Which Price Do You Get?

    Learn what bid and ask prices mean in forex, which price you get when you buy or sell, and how bid and ask affect profit, loss and stop orders.

    4 min read

  10. What Is a Stop-Loss Order in Forex and How to Use It

    Learn what a stop-loss order is in forex, how it works for long and short trades, how to size a position around it, and its limits such as slippage.

    4 min read

  11. What Is a Take-Profit Order in Forex Trading?

    Learn what a take-profit order is in forex, where it goes on long and short trades, how it links to risk-reward, and common mistakes when setting targets.

    3 min read

  12. Forex Trading Sessions: Sydney, Tokyo, London and New York

    Learn when the Sydney, Tokyo, London and New York forex sessions run in UTC, how daylight saving time shifts them, and why session overlaps matter.

    4 min read

  13. Basic Risk Management in Forex for Beginners

    Learn basic forex risk management: risking a small percentage per trade, position sizing from your stop-loss, controlling leverage and limiting drawdowns.

    4 min read

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