All courses
First Steps in the Market
From what this market is to what happens the moment you click buy — the sixteen things every other course assumes you already know.
- Who it is for
- Someone who has opened an account, or is about to, and has never placed a trade.
- Before you start
- Nothing. This is the first course.
Opens with Premium, or buy the course on its own.
You will be able to
- Say what the forex market is and who is on the other side of your trade
- Check that a broker is regulated, and say why it matters
- Read a price quote and name every part of it
- Work out what one pip of movement is worth on a trade
- Choose a lot size and say what it means in money
- Open a position long or short, and say what closing it does
16 papers
A short quiz after every paper; the next paper opens when you pass it.
Unit 1
Where you are
- 01What Is Forex Trading6 min
- 02What Is a Broker7 min
- 03What Is Broker Regulation and Why It Matters6 min
- 04What Is a Currency Pair6 min
Unit 2
How a price is written
- 05Base and Quote Currency Explained6 min
- 06How to Read a Price Quote5 min
- 07What Is the Bid and the Ask6 min
- 08What Is a Trading Symbol5 min
Unit 3
How much it moves, how much you buy
- 09What Is a Pip6 min
- 10What Is a Lot6 min
- 11What Is Going Long and Going Short6 min
- 12What Is a Market Order6 min
Unit 4
The trade itself
- 13What Is a Position6 min
- 14Open and Closed Trades Explained5 min
- 15What Happens After You Click Buy5 min
- 16What Is a Demo Account5 min