This lesson will take you through the working of the largest market in the world. We will explore the Foreign Exchange market's operation and background.

1.1 What is Forex?   Purpose   Background 1.2 Operation   The 8 Major Currencies   A 24 Hour market   Business Hours of the World’s Financial Centers

1.3 Aspects of Trading   Fundamental Analysis   Technical Analysis

This lesson explains the main concepts behind Forex trading. It  breaks down how trading in the Forex market works starting with how to read a Forex chart. Next, some terminology is dissected in easy to understand language. Finally we introduce two of the basic risk management tools, limit and stop orders.

2.1 How Forex Trading Works   Going Long or Short   How to Read a Forex Chart   More Trading Terminology - Spread 2.2 Explanation of Margin and Leveraged Trading   Contract Sizes and Pip values   Leverage   Margin Call   Tying Everything Together in an Example

2.3 Risk Management   Limit and Stop Orders   Example – Euro vs. US Dollar

This lesson will take a novice that has never used an online trading platform through opening two positions and then following how they change in value.

3.1 Setting Up An Example   Reading Candlesticks   Initial Analysis 3.2 Opening two Positions 3.3 Initial Changes, 4 Hours Later 3.4 The Next Day, 24 Hours Later

3.5 Candles Can Paint A Story of Wild Activity - 26 Hours Later 3.6 Retraction from a Big Move - 30 Hours Later 3.7 Two Days Later - 48 Hours Later   Conclusion - a Tale of Two Positions