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MineForex Academy

Review Trading Basics

Refresh the most important concepts from the course before taking the practice quiz or continuing to another learning category.

Key concepts to remember

Use these summaries to revise the essential ideas from each topic.

01Review

Global Financial Markets

Financial markets connect buyers and sellers of financial instruments. They help move capital and support global economic activity.

02Review

Forex and Currency Pairs

Forex involves trading one currency against another. In EUR/USD, EUR is the base currency and USD is the quote currency.

03Review

Pips, Lots, and Spreads

Pips measure price movement, lots describe trade size, and spreads represent the difference between bid and ask prices.

04Review

Orders and Positions

Market orders execute at available prices, while pending orders activate under specified conditions. Long positions generally benefit from rising prices, while short positions generally benefit from falling prices.

05Review

Trading Sessions and Liquidity

Different market sessions have different activity levels. Liquidity can affect spreads, execution, and price movement.

06Review

Leverage and Margin

Leverage increases exposure using a smaller amount of capital. It can increase both potential profits and potential losses.

07Review

Your Trading Plan

A trading plan should define your goals, entry rules, exit rules, risk limits, position sizing, and review process.

Check your understanding.

Take the practice quiz to test how well you remember the course concepts.

Start Practice Quiz →