Introduction to the Foreign Exchange

Lesson 1. Introduction to the Foreign Exchange
	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

Lesson 2. How Trading Works and Terminology
	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

Lesson 3. A Sample Trade
	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. 3.1Setting Up An Example Reading Candlesticks Initial Analysis 3.2Opening two Positions 3.3Initial Changes, 4 Hours Later 3.4The 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