Priced in pips — the fourth decimal on most pairs, the second on yen pairs.
Markets
Forex
The market where one currency is priced against another — the deepest and most continuously traded market in the world.
What you'll learn
Forex
A currency pair quotes how much of the second currency one unit of the first is worth. Buying EUR/USD is a position that the euro will strengthen against the dollar; selling it is the opposite view. We teach you to read the pair, the pip and the spread before you place a single practice trade.
CFDs are explained here for education: you take a position on the price, you never own the underlying asset.
Traded around the clock on weekdays as the Sydney, Tokyo, London and New York sessions hand over.
Leverage varies by broker and by country of residence — we teach you how to calculate it either way.
Forex
How we teach it
You'll practise majors, minors and crosses on the same MetaTrader 5 terminal a working trader uses, with the order types, charting and automation the platform ships with.
CFDs are explained here for education: you take a position on the price, you never own the underlying asset.
EUR/USDDemo Feed
Prices right now
Demo FeedReference prices from our own feed, shown so you can practise reading a real chart. One indicative price per instrument, with the day's high and low — not a tradable quote.
| Instrument | Price | Change | Day high | Day low | Today |
|---|---|---|---|---|---|
| EUR/USDEuro / US Dollar | 1.1541 | −0.36% | 1.1593 | 1.1531 | |
| GBP/USDPound / US Dollar | 1.3457 | −0.24% | 1.3501 | 1.3445 | |
| USD/JPYUS Dollar / Yen | 155.04 | −0.12% | 155.37 | 154.90 | |
| AUD/USDAussie / US Dollar | 0.7134 | +0.00% | 0.7140 | 0.7128 | |
| USD/CADUS Dollar / Loonie | 1.3939 | +0.12% | 1.3952 | 1.3910 |
Simulated prices for illustration only. Not live quotes and not an offer to trade.
Forex
Worth knowing
When this market is open
Our published session times for this market: [TRADING HOURS]. Sessions move with daylight saving, and an instrument can pause when its underlying market is closed.
What a trade costs
Every market is taught the same way: one all-in spread, or a tighter spread with a fixed commission per lot, whichever your chosen broker offers. We teach you to read the difference, not to pay us either one.
See how we teach costFree tools
Plan the trade before you place it
Two tools we teach in the course, free to use here — no enrolment required.
Market sessions
Forex trades around the clock across four main sessions. Liquidity is usually highest when two overlap — a core lesson in our forex course.
- Sydney—
- Tokyo—
- London—
- New York—
Times in UTC (--:-- now). Approximate, and they shift with daylight saving.
Position-size calculator
See what each pip is worth, and what a position would cost at a chosen leverage — the exact calculation we teach in lesson two.
Pip value$10.00per 1 pip move
Position value$108,420notional, in USD
Margin required$3,614at selected leverage
For education only. A simulated reference price; the leverage available to you depends on your own broker and jurisdiction.
Ready when you are.
Try a free lesson, or enrol in a course plan and start practising today.