The vocabulary and arithmetic every other track assumes you already have. Start here even if you have traded something else before, because the units are different.
BEGINNERYou can read a quote, work out what one pip is worth on your position, and place an order knowing what it will cost you.
A currency trade is two currencies at once. Everything confusing about forex comes from forgetting that.
14 min4 topics
Where currency prices come from, who sets them, and why there is no single exchange.
16 min4 topics
Base, quote, bid, ask, and the reason every forex price is really two prices.
20 min4 topics
The three units that turn a price move into an amount of money.
Leverage and costs are where beginners lose money without ever being wrong about direction.
22 min4 topics
What the broker lends you, what it holds, and what happens when the held amount is not enough.
18 min4 topics
Spread, commission and swap — the three charges, when each one applies, and how to add them up.
Enough to open, manage and close a position without guessing what a button does.
15 min4 topics
Standard, raw and cent accounts, and the one question that decides between them.
20 min4 topics
Market, limit, stop, and the two protective orders you should never place a trade without.
24 min4 topics
One position from idea to closed, with every number written down before the order goes in.
8 lessons · ~2.5 hrs