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Understanding the basics makes it easier to trade with a clear plan. Our learning pages explain how the forex market works, how to read prices and how to think about risk.
Reading is only the first step. A demo account lets you practise placing trades on the platform with virtual funds, so you can build confidence before you trade with real money.
Begin with the basics, then move on to practice.
What forex is, how pairs are quoted, what a pip is and how leverage works.
Browse our topics on trading concepts, risk management and platforms.
Try the web platform, MetaTrader 4 or MetaTrader 5 with virtual funds.
You do not need to learn everything at once. Follow these steps.
Understand pairs, pips, lots, spreads, margin and leverage.
Place practice trades, test a strategy and get used to the platform tools.
Write down your entry, stop loss and exit rules before you risk real funds, and keep position sizes small.
Open a free demo account to practise first, or open a live account when you are ready. Trade on the web platform, MetaTrader 4 or MetaTrader 5.
Risk warning: Trading leveraged products such as forex and CFDs carries a high level of risk and may result in the loss of some or all of your capital. Only trade with money you can afford to lose. Read the full risk warning.