All levels course
Know Your Currency Pairs: How Each Major Behaves
Learn what drives the majors and the main crosses, when each one moves, what it costs and how to size it, then pick the one or two that suit you.
12 lessons · 115 minutes · Free
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Free certificate
Mark every lesson complete and pass the final quiz with 70% or more to get a certificate of completion. You can download it as a PDF or share it on LinkedIn.
Get your certificateEUR/USD, GBP/JPY and USD/CAD are all “currency pairs”, but they behave as differently as three different markets. They move at different hours, react to different news, cost different amounts to trade and swing by very different distances.
This course takes the main pairs one at a time, then shows you how to size across them, how they move together, and how to choose the few you will actually trade. It builds on Forex Foundations and Fundamental Analysis.
Lessons
- 1Why pairs behave differentlyEvery pair has its own hours, drivers, range and costs. Learn the four differences that matter, and the major, cross and exotic families, before meeting the pairs one by one.
- 2EUR/USD: the benchmarkHow the world's most traded pair behaves, why US news often moves it more than euro news, and what to watch on your calendar each week.
- 3USD/JPY: rates and safe-haven flowsTwo forces pull on USD/JPY, the US–Japan yield gap and the yen's safe-haven role. Learn to tell which one is in charge and to size a yen trade so a sudden drop stays survivable.
- 4GBP/USD: volatility and the UK calendarWhy cable usually swings further than EUR/USD, when UK news lands, and how to size it so the money at risk stays the same.
- 5The commodity pairs: AUD, NZD and CADAUD/USD, NZD/USD and USD/CAD lean on what their countries export and on global risk mood. Learn which way each pair tends to move, why USD/CAD reads upside down, and when the commodity link breaks.
- 6USD/CHF and the safe-haven francWhy the Swiss franc is bought when markets are scared, why the Swiss National Bank pushes back, and why USD/CHF usually mirrors EUR/USD.
- 7Crosses: EUR/GBP, EUR/JPY and GBP/JPYA cross is two dollar pairs with the dollar cancelled out. Learn to build its price, predict which news moves it, and value its pip in your own currency.
- 8Exotic pairs: why beginners usually waitExotic pairs cost far more to trade and to hold than the majors. Learn to price a week of spread and swap in dollars and to name the risks a stop loss does not cover.
- 9Sizing across pairsThe same lot size is a different bet on every pair. Learn to fix the money at risk first and let each pair's pip value and stop distance set the size.
- 10How pairs move togetherMany pairs share the US dollar, so trades on different pairs can be the same bet. Learn to count your exposure per currency before you add a trade.
- 11Choosing your pairsPick one or two pairs that fit your hours, the movement you can tolerate, the news you can follow and your experience, then learn them well before adding more.
- 12Course check: test yourselfFlashcards for the pair vocabulary, and ten questions on what drives each pair, when it moves, what it costs, how to size it and how pairs move together.