MODULE 1: Introduction to Forex TradingLesson 1: What is the Forex Market?The Foreign Exchange (Forex or FX) market is a global marketplace where trad...
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Forex-Market-Trading, Discretionary-Traders
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3. Major & minor currency pairs
4. Pips and price movement
5. Trading platforms
6. Order types
7. Lots and leverage
8. Basic strategies
The Foreign Exchange (Forex or FX) market is a global marketplace where traders buy and sell currencies.
It is the largest financial market in the world, with trillions of dollars traded daily.
Currencies are traded in pairs (e.g., EUR/USD, GBP/JPY).
The market operates 24 hours, 5 days a week.
Traders profit from exchange rate movements.
If EUR/USD rises from 1.1000 → 1.1100, the euro has strengthened against the dollar.
There are three categories:
EUR/USD
GBP/USD
USD/JPY
USD/CHF
USD/CAD
AUD/USD
NZD/USD
These have high volume and tighter spreads.
Pairs that don’t include USD, like
EUR/GBP
EUR/JPY
GBP/JPY
Major currency + an emerging currency
USD/TRY
USD/ZAR
List 5 major currency pairs.
Write a simple explanation of what a pip is.
Open a demo trading account (optional) to explore charts.
Identify which news events affect currency prices.
Buy/sell immediately at current price.
Buy/sell at a better price than current.
Automatically closes trade to limit losses.
Automatically closes trade to lock in profits.
Explain leverage in your own words.
Identify support and resistance on a demo chart.
Backtest a simple moving average strategy.
Simulate placing a stop-loss & take-profit.

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