Forex Basics
Understanding Pips And Lots
This page is part of our forex basics education. The most useful place to land is the full forex basics guide below, where the plain-English, risk-first learning lives. Everything here is educational and is not financial advice.
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What the forex basics guide covers
Forex is the market for exchanging one currency for another, quoted in pairs such as EUR/USD. A trade is a view on one currency relative to the other. The core mechanics to learn first are how pairs are priced, what a pip and a lot measure, and how leverage and margin magnify both gains and losses. None of this is a promise of profit; it is the vocabulary you need before risking anything.