INTERMEDIATE · TRACK 12 · TRADING CURRENCIES
Foreign Exchange
How the currency market works: pairs, pips, leverage, and the macro forces that move exchange rates.
Recommended first: Macro & Interest Rates
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- 1What Is Forex
The FX market
What Is Forex? The Currency Market Explained
- 2Currency Pairs
Majors to exotics
Currency Pairs: Majors, Minors, and Exotics
- 3Base vs Quote
Reading a rate
Base vs Quote Currency: Reading an FX Rate
- 4Pips
Measuring moves
Pips and Pipettes: Measuring FX Moves
- 5Lots & Sizing
Position size
Lot Sizes and Position Sizing in Forex
- 6Leverage & Margin
Cuts both ways
Leverage and Margin in Forex
- 7FX Spread
Trading cost
The FX Bid-Ask Spread and Trading Costs
- 8Rollover & Carry
Yield harvesting
Rollover, Swaps, and the Carry Trade
- 9What Moves FX
Rates & flows
What Moves Currencies: Rates, Flows, and Policy
- 10Sessions
When FX trades
FX Market Sessions and Liquidity
NEXT TRACK · ADVANCED
Risk Management