Basic Trading Concepts

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Basic Trading Concepts

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This course equips beginners with the essential mechanics of forex trading, building on the foundations from Introduction to Forex Trading. Learn how to measure price movements, execute trades, interpret quotes, and calculate profits using Skylinks Capital’s efficient and transparent platform. Through detailed lessons, practical examples, and interactive quizzes, you’ll gain the skills to trade confidently and prepare for advanced strategies.

What Will You Learn?

  • ➤ How to measure price movements using pips and lots, and understand leverage’s role in trading.
  • ➤ Different types of orders (market, limit, stop) and how to use them strategically.
  • ➤ How to read forex quotes and interpret bid/ask spreads.
  • ➤ How to calculate profits and losses to assess trade outcomes.
  • ➤ How to select the right trading account for your goals.

Course Content

Basic Trading Concepts

  • Lesson 1: Pips, Lots, and Leverage
  • Lesson 2: Types of Orders (Market, Limit, Stop)
  • Lesson 3: Reading Forex Quotes
  • Lesson 4: Calculating Profit and Loss
  • Final Test: Basic Trading Concepts Quizzes

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