Guided path · Beginner

Forex Foundations

Start here: how the forex market actually works, from quotes to leverage to your first broker.

  • ✓ 12 lessons in order
  • ✓ About 48 minutes
  • ✓ Progress tracked in MarketPro
  • ✓ Free to follow

Last reviewed by the MarketPro research desk · Editorial policy

The lessons, in order

A path is the academy's answer to "where do I start". The order is deliberate: each lesson assumes the ones above it, which is why reading them this way works better than picking at a category list. In the app the path tracks how far through you are and what comes next.

  1. What Is Forex? The currency market, how a pair actually works, and what a 50-pip move is worth on a real position size. Beginner4 min
  2. Pips, Lots and Contract Sizes A pip is the unit of price movement, a lot is the unit of size, and together they tell you what you are actually risking. Beginner4 min
  3. Understanding Bid and Ask Price Two prices, one spread, and the reason a brand new position is already slightly negative. Beginner4 min
  4. Order Types Explained Three ways into a trade, two ways out, and the trade-off between controlling your price and controlling your execution. Beginner4 min
  5. Spreads, Commissions and Swap Spread, commission and swap are small on one trade and decisive across several hundred of them. Beginner4 min
  6. Leverage and Margin Leverage decides how large a position you may open. Position size decides how much you lose per pip. They are not the same thing. Beginner4 min
  7. Currency Pairs and Trading Sessions Which pairs to trade, when they actually move, and why the clock changes what a strategy is worth. Beginner4 min
  8. How to Read a Forex Quote What the two currencies and the number actually mean, and why a rising quote is never good or bad on its own. Beginner4 min
  9. Major, Minor, and Exotic Currency Pairs The group a pair belongs to predicts your spread, your fill quality and how likely it is to gap over a stop. Beginner4 min
  10. Demo Trading Vs Live Trading Simulation teaches the platform. It cannot teach you what happens when the money is yours. Beginner4 min
  11. Choosing a Forex Broker Your broker holds the money, sets the price and fills the order. That is three reasons to spend an afternoon on the choice. Beginner4 min
  12. How Trading Signals Work A signal supplies the levels. You supply the position size, and that is where your risk actually lives. Beginner4 min

What it draws on

This path pulls from 1 category: forex basics. Each of those pages lists its full set of lessons if you would rather go deep on one subject than move across several.

Written and reviewed by the MarketPro research desk

MarketPro is a trading-signal and trading-education app operated by Harajuku Holdings LTD (Cyprus). Our signal desk publishes and tracks every trade idea in-app, and every page here is checked against the app's live behaviour before publishing. Last reviewed . How we produce signals and content · About MarketPro

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Follow the path in MarketPro

12 lessons, in order, with your place kept. Free on any MarketPro account, in the app or your browser, alongside vetted free signals every week.

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Same account as the app · No install · Free to start

Not investment advice. Past performance is not indicative of future results.