What is Forex Trading? A Beginner's Complete Guide
Never traded before? Start here. Twelve short videos take you from the airport currency counter to your first practice trade: pairs, pips, lots, spreads, swap, ...
Never traded before? Start here. Twelve short videos take you from the airport currency counter to your first practice trade: pairs, pips, lots, spreads, swap, ...
Ever swapped dollars for euros before a holiday? Then you have already traded forex — probably at a terrible rate. This course starts right there, at the airport counter, and walks you, one short video at a time, to your first chart and your first practice trade.
You'll learn what the world's biggest market actually is, why currencies always come in pairs, what makes their prices move, and who is on the other side of every trade — from central banks to you. Then the tools of the trade: when the market is open, how moves are counted in pips, what a lot is and what a pip is worth to you, the spread you pay to get in, the swap for staying overnight, and leverage and margin, the most powerful tool in forex and the most dangerous. Finally: going long and short, the order types, stop loss and take profit, reading a candlestick, and a first demo trade sized so small it cannot hurt.
Twelve videos of two to three minutes, a five-question quiz after each, one small task per chapter, and a certificate at the end. When you finish, the nine Beginner courses that follow take you further, from reading charts to building your own trading plan.
Links from the videos: open a free Venor demo account · join Venor's Telegram channel for the session briefings and the hottest market news · the Session's Briefing before Asia, London and New York.
What you need: nothing but curiosity. For the last chapter, a free Venor demo account, so your first trade is made with play money. Nothing in this course is investment advice. Trading carries risk: learn first, practise on demo, and keep your trades small.
nothing but curiosity. For the last chapter, a free Venor demo account, so your first trade is made with play money. Nothing in this course is investment advice. Trading carries risk: learn first, practise on demo, and keep your trades small.
Say what forex is, how big it is, and why it trades 24 hours a day, five days a week
Read any currency pair: the base, the quote, and what it means when the number moves
Name the forces that move exchange rates: interest rates, inflation, surprises in the data and the world's mood
Count a move in pips, including yen pairs and pipettes
Choose a trade size in lots and know roughly what one pip is worth to you
Explain the bid, the ask and the spread, the overnight swap, and why a new trade starts slightly negative
Work out margin, free margin and margin level, and say what a margin call and a stop-out are
Place market and pending orders with a stop loss and a take profit, and run a first demo trade with a journal
Venor Academy is the education arm of Venor Markets. Our courses are built for people who want to trade with a plan, understand risk before they take it, and recognise the traps along the way. Every course is short, practical and free to start.
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language
English
Duration
29 min of videoLevel
beginner
Expiry period
Lifetime
Certificate
Yes
English
Certificate Included
Free, lifetime access
29 min of video