Forex Education
18 lessons across 4 sections · 20 glossary termsEverything listed here exists: 18 written lessons, each of which expands in place and most of which link straight into the tool in this terminal that shows the concept on live data. There are no course durations on this page because we have not measured any, and no lesson count that is not computed from the list below. Every lesson is addressable — use the link icon to copy a deep link to it.
Risk disclaimer
Trading foreign exchange carries a substantial risk of loss and is not suitable for everyone. Past behaviour of a market does not indicate future results. This material is educational only, it is not investment advice, and nothing in this product is a recommendation to buy or sell anything.
How the FX market works
The mechanics you need before any chart means anything.
Every FX quote is a ratio between two currencies. EUR/USD = 1.0850 means one euro buys 1.0850 dollars. The first currency is the BASE, the second is the QUOTE, and the number is how much of the quote currency one unit of the base is worth.
This is why "the euro went up" is an incomplete sentence. EUR/USD can rise because the euro strengthened, because the dollar weakened, or both at once. A single pair can never tell you which — you need to look at the same currency against several others.
That is exactly what a currency strength view does: it averages one currency's move across all of its major crosses, so a broad move separates itself from a one-pair move.
What actually moves a currency
The macro chain from a policy rate to the price on your screen.
Reading the tools in this terminal
What each view computes, and what it cannot tell you.
Risk management
The part that decides whether the rest of it matters.