Academy course
Forex basics
What a currency pair is, how quotes, pips and lots work, and what actually happens when you place a trade.
Beginner4 lessonsabout 17 min of reading8-question quiz
Lessons
- ✓Lesson 1Currency pairs and quotesRead a currency quote, tell the base from the quote currency, and work out the bid, ask and spread you pay on every trade.4 min
- ✓Lesson 2Pips, lots and pip valueMeasure price moves in pips, choose a lot size, and calculate what each pip is worth on EUR/USD and USD/JPY.4 min
- ✓Lesson 3Leverage and marginCalculate the margin a trade needs, read your margin level, and see why leverage magnifies losses as well as gains.4 min
- ✓Lesson 4Order types and what happens when you tradeChoose between market, limit and stop orders, attach a stop-loss and take-profit, and understand slippage and your broker's role.5 min