Course Outline:
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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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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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Demo Trade Your Way to Success
Currency market behavior is constantly evolving. Trade on demo first to get a lot of the rookie mistakes out of the way before risking live capital. There are no take-backs in the real market.
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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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