Forex Basics: From Zero to First Trade
Currency pairs, bid/ask prices, market hours, and how to read your first chart — everything before you click Buy or Sell.
- What is forex?
- Major & minor pairs
- Trading sessions
- Your first order
Everything a new trader needs — from market fundamentals and key concepts to risk management and live practice. Free resources for all Auraxis account holders.
5+
course modules
Free
for all clients
24/5
support
Trusted by traders worldwide
Jump to any section — structured for beginners moving from theory to practice.
Follow this four-step roadmap designed for traders who are completely new to forex.
Learn what forex is, how currency pairs are quoted, and when major trading sessions are most active.
Grasp pips, lot sizes, leverage, spreads, and margin — the building blocks every trade depends on.
Use a risk-free demo account to place orders, test strategies, and build confidence without real capital.
Apply risk management rules, set stop-losses, and transition to live trading only when you are consistently prepared.
A structured curriculum designed for new traders — progress module by module, revisit any lesson anytime, and practice on demo before going live.
5
structured modules
4h+
total content
45+
lessons
Free
with any account
Currency pairs, bid/ask prices, market hours, and how to read your first chart — everything before you click Buy or Sell.
Continue your curriculum
Build on each module — intermediate content unlocks after fundamentals.
Support and resistance, trend lines, moving averages, and RSI — learn to read price action with purpose.
Head and shoulders, double tops, triangles, and flags — recognise high-probability setups on any timeframe.
Position sizing, stop-loss placement, risk-to-reward ratios, and why protecting capital matters more than any single win.
Join Auraxis analysts for live breakdowns of major pairs, economic events, and real-time Q&A sessions.
All modules are included at no extra cost with any Auraxis account — register free or open a demo to start learning today.
Before placing a single trade, build a solid foundation on what the market is and why prices move.
The foreign exchange (forex) market is the world's largest financial market, where currencies are bought and sold against one another.
Every forex trade involves two currencies. The first currency is the base; the second is the quote.
Forex activity peaks when major financial centres overlap. Knowing session times helps you plan entries.
Currency values reflect relative economic strength, interest rate expectations, and market sentiment.
Master these terms before your first live trade — they appear on every platform and in every strategy.
The smallest standard price move in forex. For most pairs, one pip = 0.0001 (e.g. EUR/USD 1.0850 → 1.0851). JPY pairs use 0.01.
A standard lot = 100,000 units of base currency. Mini (10,000) and micro (1,000) lots let beginners trade smaller sizes.
The difference between bid (sell) and ask (buy) price. Your first cost on every trade — lower spreads mean lower entry cost.
Borrowed capital that amplifies position size. 1:100 leverage means $1,000 controls $100,000 — magnifies both gains and losses.
Collateral required to open and maintain a leveraged position. Margin call occurs if equity falls below the required level.
Pre-set exit orders. Stop-loss limits loss if price moves against you; take-profit locks in gains at your target level.
A hands-on walkthrough from platform setup to managing open positions.
Download MetaTrader or use Auraxis WebTrader. Log in with your demo or live credentials, customise your workspace, and add favourite pairs to Market Watch.
Choose candlestick charts for clarity. Identify trend direction, mark support and resistance, and add indicators (MA, RSI) only when they serve your strategy.
Select lot size, set stop-loss and take-profit before confirming. Use market orders for immediate execution or pending orders to enter at a specific price.
Monitor floating P&L, adjust stops to breakeven when appropriate, and never add to a losing position without a clear plan. Close trades when your thesis is invalidated.
The difference between a hobbyist and a serious trader is not the winning trade — it is surviving the losing ones. These principles should guide every decision you make.
Trading leveraged products carries a high level of risk and may not be suitable for all investors. You could lose more than your initial investment. Read our Risk Disclosure before trading live.
Practice with virtual funds on real market conditions. No time limit, full platform access, and zero financial risk.
Quick-reference definitions for pips, swaps, slippage, ECN, and hundreds of terms you will encounter on your journey.
Track high-impact events — NFP, CPI, central bank meetings — and plan your trades around scheduled volatility.
Live sessions with Auraxis analysts covering market outlook, platform tutorials, and beginner Q&A.
Answers to the most common questions new forex traders ask.
Open a demo account to learn risk-free, or register for a live account from $500 and access every course, guide, and webinar — completely free.
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