Premium track · Forex

Forex Trading

Every forex trade is two currencies and a dealer, and the dealer sets the rules. Six stages teach you to read the quote, pay the swap, work the clock and size the trade — practised on a simulator before it's real money.

6 stages · 66 lessons · interactive
Stage 111 lessons

The Pair

You'll read a dealer's board and know what a pip is worth in your own money. You'll know which currency you're buying, and what the spread costs you.

  1. Two Currencies, One Price
  2. Reading a Quote
  3. Pips and Pipettes
  4. The Spread
  5. Lots and Units
  6. Pip Value
  7. Long and Short Are the Same Trade
  8. Cross Rates
  9. Majors, Minors and Exotics
  10. Forex Against Everything Else
  11. Read the Board Cold
Stage 211 lessons

Margin, Swap and the Dealer

You'll hold a trade past 5pm and over a weekend. You'll know what it costs, how close you are to being closed out, and who's on the other side.

  1. Leverage Is a Ratio the Regulator Sets
  2. Equity, Used Margin, Free Margin
  3. Margin Level and the Stop-Out
  4. Below Zero and the Protection
  5. The Swap: Holding Past 5pm
  6. The Wednesday Triple
  7. Dealing Desk or Not
  8. The Weekend Gap
  9. Slippage, Requotes and Last Look
  10. Where Your Money Sits
  11. The Week the Swap Turned
Stage 311 lessons

The Clock

You'll trade the forex day as structure: who's awake at each hour, when the loud hours are, and the levels the clock leaves on the chart. Then you'll trade off the line you drew.

  1. Twenty-Four Hours, Five Days
  2. The Overlap
  3. The Asian Range
  4. The London Open
  5. 8:30 in New York
  6. Five O'Clock in New York
  7. Sunday Night
  8. When Liquidity Leaves
  9. Daylight Saving Moves the Overlap
  10. Which Timeframe, Which Session
  11. Trade the London Open
Stage 411 lessons

What Moves a Currency

You'll read a rate board and a calendar row. You'll know which currency moves, which way it goes, and what holding the higher rate pays you and costs you.

  1. A Currency Is a Rate
  2. Eight Central Banks
  3. Reading the Calendar Row
  4. NFP, CPI and the Decision
  5. Trading the Number
  6. The Carry Trade
  7. Risk On, Risk Off
  8. The Dollar Index
  9. Intervention, Pegs and Floors
  10. Political and Fiscal Shocks
  11. Read the Week Ahead
Stage 511 lessons

The Pairs

You'll learn what each major, cross and exotic costs, when it moves and what drives it. Then you'll pick the right pair for the job.

  1. Seven Majors, One Dollar
  2. EUR/USD
  3. GBP/USD
  4. USD/JPY
  5. USD/CHF and the Franc
  6. The Commodity Currencies
  7. The Crosses
  8. Exotics
  9. Correlation
  10. Which Pair, Which Hour
  11. Pick the Pair for the Job
Stage 611 lessons

Trading Currencies

You'll size in lots, hold through the swap and the weekend, and add exposure by currency. Then you'll cover money you hold in another currency and run a written forex plan for a week on the desk.

  1. Sizing in Lots
  2. The Pip Value Trap
  3. The Margin Cushion
  4. Overnight and Over the Weekend
  5. The Correlated Book
  6. Hedging Currency Exposure
  7. News-Day Rules
  8. Scalp, Day or Swing
  9. Orders Across the Rollover and the Gap
  10. The Forex Playbook
  11. A Week on the Currency Desk

Every TradeWize account starts with the free Foundations curriculum — 20 investing stages, no card required. The Forex track is part of Premium, alongside the other advanced trading tracks, real-time market data, and unlimited hearts.

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