Forex Tutorial

Learn Forex Trading

Forex (foreign exchange) is the global market where currencies are bought and sold. It trades more than $7 trillion per day, which makes it the largest financial market in the world.

This tutorial takes you from absolute beginner to expert, one short lesson at a time.

Start learning Forex now ❯

Examples in Each Lesson

Every lesson explains one idea in plain English, then shows it with a worked example.

Example

You buy EUR/USD at 1.0850. The price rises to 1.0900.

That is a move of +50 pips. With a 1 standard lot position (100,000 euros), each pip is worth $10, so the profit is 50 × $10 = $500.

Learn about pips »

Don't worry if that example doesn't make sense yet. By the end of the Basics level, it will.

Try it Yourself

Many lessons have interactive calculators so you can change the numbers and see what happens:

Charts You Can Read

Technical lessons include charts drawn right in the page, with the levels and patterns marked:

An uptrend with a 10-period moving average and a support level.

Course Levels

LevelWhat you will learnLessons
1. Forex BasicsCurrency pairs, quotes, pips, lots, leverage, sessions, orders, brokers, platforms, your first trade14
2. Technical AnalysisCandlesticks, support & resistance, trends, chart patterns, Fibonacci, moving averages, RSI, MACD and more14
3. Fundamental AnalysisCentral banks, interest rates, economic indicators, news trading, sentiment, correlations6
4. Risk & PsychologyRisk per trade, position sizing, stops, expectancy, discipline, journaling6
5. Expert TradingPrice action, market structure, liquidity, Elliott Wave, harmonics, strategies, backtesting, algos, prop firms13
ReferenceCalculators, cheat sheet, glossary, final exam4

How to Use This Course

  1. Go in order. Each lesson builds on the one before. Use the green Next ❯ button.
  2. Do the exercises. Every lesson ends with a short quiz. Answer it before you move on.
  3. Mark lessons complete. Your progress is saved in this browser and shown in the sidebar.
  4. Practice on a demo account. Never trade real money until you have a tested plan.

Risk warning: Leveraged forex trading is high risk. Most retail traders lose money. This course is for education only. It is not financial advice.

Test Yourself With Exercises

What does "forex" stand for?

  1. Forward exchange
  2. Foreign exchange
  3. Foreign export
Forex is short for foreign exchange: trading one currency for another.

Roughly how much is traded in the forex market each day?

  1. $7 million
  2. $700 billion
  3. More than $7 trillion
The BIS 2022 survey measured about $7.5 trillion per day, making forex the largest financial market.