Forex Trading Basics
Currency pairs, pips, leverage and risk management for new traders.
Taught by Aarav Shrestha · Trader & Markets Educator
What you'll learn
- Explain how the decentralised forex market operates across sessions and who moves prices
- Read any currency quote and calculate pip value, lot size and spread cost in your account currency
- Describe how leverage and margin work and why margin calls happen
- Read candlestick charts and identify support, resistance and trend using basic tools
- Place market, limit and stop orders with a stop-loss and take-profit attached
- Size every position with a fixed risk-per-trade rule and keep a trading journal
About this course
Forex draws a steady stream of new traders, and most retail accounts lose money, often because people start with leverage before they understand it. This course teaches forex trading for beginners the careful way. You will learn how the foreign exchange market works, how to read currency pairs, pips, lots and spreads, what leverage and margin really do to your account, how to read a price chart, and how to place orders with a stop-loss. The heart of the course is risk management: position sizing, risk-per-trade rules and a trading journal. You will finish with a written, demo-first trading plan and a checklist for choosing a regulated broker. No prior trading experience is needed. This is education, not investment advice: trading currencies with leverage carries a high risk of loss, and nothing here promises profits.
Course content
7 lessons- 1How the Forex Market WorksWho trades currencies, why the market never closes during the week, and how prices are quoted.Preview
- 2Currency Pairs, Pips and LotsMajors, minors and exotics, what a pip is worth, and how lot size turns price moves into money.
- 3Spreads, Leverage and MarginThe real cost of trading, how leverage amplifies gains and losses, and why accounts get wiped out.
- 4Reading Charts and Basic AnalysisCandlesticks, timeframes, support and resistance, moving averages, and the news that moves currencies.
- 5Order Types and Placing a TradeMarket, limit and stop orders, attaching a stop-loss and take-profit, and executing a trade on a demo.
- 6Risk Management and Position SizingThe one-percent rule, position sizing from stop distance, drawdowns and the maths of survival.
- 7Building a Demo-First Trading PlanChoosing a regulated broker, avoiding scams, keeping a journal and writing the plan you will actually follow.