Forex course module 1
Forex Basics
The fundamental mechanics of the foreign exchange market. Learn what Forex is, how it works, and the key concepts you need before placing your first trade.
Lessons in this module
Lesson 1
Introduction to Forex Trading
What is Forex trading? A complete beginner's guide to the world's largest market, who trades it, the risks involved, and how to start responsibly.
11 minute read
Lesson 2
Brief History of the Forex Market
From the gold standard and Bretton Woods to free-floating currencies and the rise of retail trading - understand how the modern Forex market was born.
10 minute read
Lesson 3
Forex vs Stocks: Why Choose Forex?
Forex vs stocks compared: trading hours, liquidity, leverage, short-selling and costs. Discover which market suits a South African retail trader best.
12 minute read
Lesson 4
What Is Traded and How? Understanding Currency Pairs
Learn how currency pairs work: base and quote currencies, the 8 majors, minor and exotic pairs, and where USD/ZAR fits for South African traders.
12 minute read
Lesson 5
Market Size and Liquidity
Why the Forex market's $3.98 trillion daily volume and deep liquidity give retail traders tight spreads, fast execution and protection from manipulation.
10 minute read
Lesson 6
Trading Sessions: The Best Times to Trade Forex
Master the four Forex trading sessions and their overlaps in SA time (GMT+2). Learn when volatility peaks and the best times for South Africans to trade.
11 minute read
Lesson 7
How to Read a Forex Quote
Learn to read a Forex quote correctly: base and quote currencies, going long vs short, and the Bid/Ask spread - the most fundamental skill in trading.
10 minute read
Lesson 8
What Is a Pip? Understanding Forex Price Movement
What is a pip in Forex? Learn how pips are measured, how pip value changes with lot size, pipettes, and how to calculate profit and loss in pips.
10 minute read
Lesson 9
Lots, Leverage, Profit & Loss in Forex
Understand lots, leverage, margin and margin calls, and how to calculate Forex profit and loss - the mechanics that decide whether your account survives.
12 minute read
Lesson 10
Types of Forex Orders
Master Forex order types: market orders, pending orders (limit and stop), stop loss, take profit and trailing stops - for precise entry and exit control.
11 minute read