Free · no signup needed · Forex track
Learn forex, and the rules around it
Currency pairs, pips, lots and leverage explained — plus what Indian residents are and are not permitted to do. Four short steps, each with something to read, a tool to try, a self-check and a paper exercise. It teaches how the market works — it does not tell you what to buy or sell.
Track completeForex for Beginners — Pips, Lots, Leverage and Indian Rules · 4 steps
Forex learning path complete
You have finished this track. Practise the process with virtual money, then write down what you learned.
Open paper trading → Open practice journal →
Simulation does not predict real trading results. Keep learning and review your process before risking money.
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Next track: Gold & Commodities
Gold behaves differently from equities and comes in several Indian forms — ETFs, digital gold, MCX, physical — each with its own costs and tax treatment.
Want a more structured next step?
You can keep learning here for free, or compare the optional mentorship tracks if live feedback and a weekly routine would help.
- 01Currency pairs, pips and lots
- 02Leverage, margin and why it cuts both ways
- 03Sessions, news and the economic calendar
- 04What Indian residents may legally trade
Step 1 of 4
Currency pairs, pips and lots
By the end: You can read a quote like EUR/USD, say what a pip is and work out a simple pip value.
Read
Try it
Key terms
Currency pair · Pip · Lot size · Spread
Check yourself
Self-check only — nothing is recorded.
1. In EUR/USD = 1.1000, what does the price mean?
2. For most pairs a pip is…
3. A 'lot' is…
Paper exercise
Pick EUR/USD. If one standard lot of 100,000 units moves 20 pips, calculate the move in USD (each pip is about 10 USD per lot). Then write what a 20-pip move against you would cost on one tenth of a lot.
Step 2 of 4
Leverage, margin and why it cuts both ways
By the end: You can calculate the loss on a leveraged position and explain why high leverage ends accounts.
Read
Try it
Use the calculators to test ideas on paper →
Key terms
Leverage · Margin · Margin call · Position sizing
Check yourself
Self-check only — nothing is recorded.
1. With 10x leverage, a 10% move against you…
2. A 'margin call' is…
3. A sensible way to treat leverage as a beginner is to…
Paper exercise
On paper: account of 100,000 rupees, 2% maximum loss per trade, entry and stop 50 pips apart. Work out the largest position size that keeps the loss within the 2%. Show the arithmetic.
Step 3 of 4
Sessions, news and the economic calendar
By the end: You know when the Asian, London and New York sessions run in IST and which releases move currencies.
Read
Try it
Open the economic calendar (IST) →
Key terms
FOMC · Slippage · Spread · Volatility
Check yourself
Self-check only — nothing is recorded.
1. Forex trades around the clock on weekdays because…
2. Which type of release often causes sharp, fast currency moves?
3. Spreads around high-impact news are usually…
Paper exercise
From the calendar, pick one high-impact release this week. Write the time in IST, which currency it affects, and what the 'forecast' and 'previous' values are. After the release, note what actually happened and how the pair moved in the next hour.
Step 4 of 4
What Indian residents may legally trade
By the end: You can state the Indian rule on currency trading and spot an unauthorised platform.
Read
Try it
Practise currency pairs on paper (no real money) →
Key terms
Currency pair · Paper trading · Broker
Check yourself
Self-check only — nothing is recorded.
1. Under current Indian rules, resident retail traders may trade currency derivatives…
2. How can you check whether a forex platform is unauthorised?
3. Is practising on a paper-trading simulator covered by those restrictions?
Paper exercise
Open the RBI website, find the current Alert List page, and write down its date. Then open the NSE currency-derivatives page and list the pairs currently available. Write two sentences on how you would verify a broker before sending any money.
Finished? Where to go next
- Learn another market: US Stocks · Crypto · Gold & Commodities · Indian stocks.
- Practise on paper in the paper-trading simulator and track what you learn in your practice journal.
- Explore the automated technical reading tool Samjho Bhai and read its data limits and methodology before use.
- Watch the live charts, screeners and economic calendar (IST).
- Optional: structured mentorship is a separate paid programme. Everything on this page stays free.
Important. Educational content, not investment advice. Rules on taxes, remittances and which products Indian residents may use change — always confirm the current position with the RBI, SEBI, the income-tax department or a qualified professional. Markets can lose money, and leveraged currency trading is high risk. See the disclaimer. Spotted an error? Email marketdekho01@gmail.com.