Course 1
Forex Trading
Currency trading? Forex trading? FX trading? Totally clueless about forex? Here’s an introduction to the foreign exchange market.
What is Forex?
Think the stock market is huge? Think again. Learn about the LARGEST financial market in the world and how to trade in it.
Lessons in this section
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What is Forex?
Learn about this massively huge financial market where fiat currencies are traded.
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What Is Traded In Forex?
Currencies are the name of the game. Yes, you can buy and sell currencies against each other as a short-term trade, long-term investment, or something in-between.
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Buying And Selling Currency Pairs
The first thing that you need to know about forex trading is that currencies are traded in pairs; you can’t buy or sell a currency without another.
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Forex Market Size And Liquidity
The Forex market is yuuuuuuuggggeeee! And that comes with a lot of benefits for currency traders!
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How To Trade Forex
Some of the more popular ways that traders participate in the forex market is through the spot market, futures, options, and exchange-traded funds.
How Do You Trade Forex?
Now, it's time to learn HOW to rake in the moolah!
Lessons in this section
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How to Make Money Trading Forex
What is forex trading? How does forex trading work? What you need to know on how to get started in trading forex.
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Know When to Buy or Sell a Currency Pair
Let’s start with the very basics. First, what drives the value of a currency?
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What is a Pip in Forex?
You’ve probably heard of the terms “pips,” “pipettes,” and “lots” thrown around, and here we’re going to explain what they are and show you how their values are calculated.
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What is a Lot in Forex?
How many units of currency can we trade? What size positions can we trade and what are they called?
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What is a Spread in Forex Trading?
What is a “spread” when trading forex? And no, it’s not the kind of spread you use in sandwiches.
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The Bid and Ask Price Explained
Learn the concepts of bid and ask prices in trading.
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Impress Your Date with Forex Lingo
Wanna impress your crush? Here are some forex terms to help you wow that special someone!
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Types of Forex Orders
“Would you like pips with that?” Okay, not that type of order, but buying and selling currencies can be just as simple with a little practice.
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Trading Order Types Cheat Sheet
A cheat sheet that covers the most common order types, their functionality, and the advantages and disadvantages of each.
When Can You Trade Forex?
Now that you know who participates in the forex market, it's time to learn when you can trade!
Lessons in this section
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Forex Trading Sessions
Just because the forex market is open 24 hours a day doesn’t mean it’s always active! See how the forex market is broken up into four major trading sessions and which ones provides the most opportunities.
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When Can You Trade Forex: Tokyo Session
Godzilla, Nintendo, and sushi! What’s not to like about Tokyo?!? The Tokyo session is sometimes referred to as the Asian session, which is also the session where we start fresh every day!
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When Can You Trade Forex: London Session
Not only is London the home of Big Ben, David Beckham, and the Queen, but it’s also considered the forex capital of the world–raking in about 30% of all forex transactions every day!
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When Can You Trade Forex: New York Session
New York baby! The concrete jungle where forex dreams are made of! Just like Asia and Europe, the U.S. is considered one of the top financial centers in the world, so it definitely sees its fair share of action—and then some!
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Best Times of Day to Trade Forex
Trading is all about volatility and liquidity. Which times of day provide the most dynamic market action and volumes?
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Best Days of the Week to Trade Forex
Each trader should know when to trade and when NOT to trade. Read on to find out the best and worst times to trade.
Who Trades Forex?
From money exchangers, to banks, to hedge fund managers, to local Joes like your Uncle Pete – everybody participates in the forex market!
Lessons in this section
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Forex Market Structure
Because there is no centralized market, tight competition between banks normally leads to having the best prices! Boo yeah!
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Forex Market Players
The forex market is basically comprised of five different groups.
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Know Your Retail Forex History!
Learn how retail forex trading started and other important forex history.
Why Trade Forex?
Want to know some reasons why traders love the forex market? Read on to find out what makes it so attractive!
Lessons in this section
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Why Trade Forex: Learn What Makes FX Trading Unique
Why trade forex: Learn why forex is a popular starting point for beginners.
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Why Trade Forex: Forex vs. Stocks
Nobody likes bullies! Good thing for us, unlike the stock market, there is no one financial institute large enough to corner the forex market!
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Why Trade Forex: Forex vs. Futures
What advantages does forex trading hold over futures trading? Is trading forex better than trading futures?
Margin Trading 101: Understand How Your Margin Account Works
A beginner’s guide on how margin trading works. If you skip these lessons, you will quickly obliterate your trading account. Guaranteed.
Lessons in this section
What is Margin Trading?
Learn how margin trading in the forex market works. Understand all the margin jargon used in your trading account.
What is Account Balance?
What is your account balance or “Balance”? What causes your account balance to change?
What is Unrealized P/L and Floating P/L?
What is unrealized P/L? What is floating P/L? How do they affect your account balance?
What is Margin?
What is Margin? What is Required Margin? What is Margin Requirement? Don’t get it twisted. All this margin jargon is explained here.
What is Used Margin?
What is Used Margin? Learn what Used Margin is, how it’s different from Required Margin, and how it’s calculated.
What is Equity?
What is account equity or simply “Equity”? Why is it important to always monitor this?
What is Free Margin?
What is Free Margin? What causes it to change? How do you calculate it?
What is Margin Level?
What is the Margin Level? If the Margin Level in your account drops below a certain percentage, you can lose a ton of money. Find out why.
What is a Margin Call?
What is a Margin Call Level? Learn the difference between a Margin Call Level and a Margin Call.
What is a Stop Out Level?
What is a Stop Out Level? How is it different from a Margin Call Level?
Trading Scenario: Margin Call Level at 100% and No Separate Stop Out Level
A margin trading scenario that involves a losing trade using a broker with a Margin Call Level at 100% and no separate Stop Out Level.
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