Grade 1 of 10
Market Basics
What a market is, how a currency pair works, and what pips, lots and spreads mean. Plus a first look at crypto and stocks.
10 lessons · about 30 minutes · Badge: Market Rookie
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Start Grade 1After this grade you can
- Say what a market is in one sentence
- Read a currency pair like EUR/USD
- Count pips and know what a lot is
- Spot the spread, the cost of every trade
- Tell forex, crypto and stocks apart
Lessons
The Basics
- 1What a financial market isAfter this lesson, you will be able to explain what a financial market is and why supply and demand move prices.3 min
- 2Currency pairs explainedIdentify base and quote currencies in any forex pair.3 min
- 3What is a pip?Calculate pip values across forex pairs incl JPY-special case.3 min
- 4Lot sizes (standard, mini, micro, nano)Match lot size to account size.3 min
- 5Leverage and margin: the mathCalculate required margin and understand liquidation distance.3 min
- 6The bid-ask spreadExplain why brokers show two prices and what the gap costs you.3 min
- 7Order typesPick the right order for each scenario.3 min
- 8Sessions (Sydney, Tokyo, London, NY)Map session opens to pair behavior.3 min
- 9Reading a broker statementDecode every line item on a typical broker statement.3 min
- 10Asset classes overviewMap asset classes to trading characteristics.3 min
Need a broker to practice?Start with a Genesis demo accountPaid partner link
Demo first. Trading has risk of loss. Education, not financial advice.