Forex Basics

Course syllabus

Every lesson has worked examples, diagrams, key terms, common mistakes and a practice check.

1. 1

   Chapter 1

   The currency market

   • What the Currency Market Is 7 min

     Currencies always trade in pairs, and the price tells you how much of one buys the other.

   • What Is Legal in India 8 min

     Indians may trade only rupee-linked currency pairs on recognised exchanges. Overseas forex apps are not allowed.

2. 2

   Chapter 2

   Quotes and leverage

   • Reading a Quote: Bid, Ask, Pip and Lot 7 min

     Bid, ask, pip and lot are the four words you need to read any currency quote and know what a move is worth.

   • Leverage and Margin 7 min

     Leverage lets a small deposit control a large position. It magnifies losses exactly as much as gains.

3. 3

   Chapter 3

   Drivers and dangers

   • What Moves a Currency 6 min

     Interest rates, inflation, trade flows, central-bank action and fear move currencies, often in ways that are hard to time.

   • How Forex Scams Work 7 min

     Forex scams follow a script: a group, an overseas app, fake profits, then fees to withdraw.

A look inside: “What the Currency Market Is”

Currency pair

Two currencies quoted against each other, like USD/INR.

Base currency

The first currency in the pair; the quote shows its price.