How the decentralized currency market actually works: pairs, pips, lots and pip value, the four sessions and their overlaps, spreads, swaps, leverage and stop-outs, what moves currencies, and a plain session-based plan for a beginner trading two or three pairs on micro lots.
Module 1: How the FX market works
A decentralized dealer market with no central tape, why quotes differ by broker, and what regulation does and does not protect you from.
Module 2: Pairs, quotes and pips
Base and quote currencies, majors, minors and exotics, pips and pipettes, lot sizes, and how to compute pip value in your account currency.
Module 3: Sessions and liquidity
Sydney, Tokyo, London and New York, the overlaps where volume lives, typical ranges by pair, news times, weekend gaps and the 5pm ET rollover.
Module 4: Costs and mechanics
Spread versus commission, swap and carry, leverage and margin with worked numbers, stop-outs, slippage, requotes and negative balance protection.
Module 5: What moves currencies
Interest rate differentials, the central bank calendar, how CPI and NFP move price, risk-on and risk-off, commodity currencies, the dollar at the center and correlations between pairs.
Module 6: A beginner's approach
Pick two or three pairs and one timeframe, write a session-based plan, size from the risk course, go demo then micro lots, and vet brokers and gurus before trusting either.
Educational content, not financial advice.