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The currency markets

The currency markets: an online course in 20 short lessons with quizzes and a final certificate, on Unicorn Academy.

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Read the first lessons

  1. What the foreign exchange market is

    The foreign exchange market, also called forex, is where currencies are traded. It serves importers and exporters, those who invest abroad, …

  2. Currency pairs

    A currency is always quoted against another, so prices are expressed in pairs. In the pair EUR/USD the first currency, the euro, is the base…

  3. Majors, crosses and exotics

    The most traded pairs are called majors and all have the US dollar on one side: for example EUR/USD, USD/JPY, GBP/USD and USD/CHF. According…

The currency markets: 45 questions and answers ›

Course programme

Module 1 · The basics

  1. What the foreign exchange market is
  2. Currency pairs
  3. Majors, crosses and exotics
  4. Who takes part in the market
  5. A market open 24 hours

Module 2 · Reading a price

  1. Bid, ask and spread
  2. The pip
  3. Lots and position size
  4. Spot, forward and swap
  5. Reading a move

Module 3 · What moves exchange rates

  1. Interest rates and central banks
  2. Inflation and purchasing power
  3. Macroeconomic data and the calendar
  4. Balance of payments and capital flows
  5. Safe haven currencies and risk aversion

Module 4 · Risks and management

  1. Leverage and margin
  2. Leverage limits for retail clients
  3. The carry trade
  4. Currency risk for those who invest abroad
  5. Rules of prudence

The first lessons of every course are available right away, with no sign-up. The final lessons and the certificate are unlocked with an in-app purchase, for a single course or for all courses together. An Apple or Google account is optional and only used to restore your progress on another device.

Frequently asked questions

Can a beginner learn finance with an app?

Yes. The courses start from the basic concepts, explain every term when it first appears and end each lesson with three questions.

How long does a course take?

Each course has 20 lessons of a few minutes each: it can be completed in a few hours, at your own pace.

Which languages are the courses in?

Available in 16 languages: Italian, English, French, German, Spanish, Portuguese, Russian, Chinese, Japanese, Hindi, Korean, Turkish, Indonesian, Arabic, Vietnamese and Polish.

Are the courses financial advice?

Unicorn Academy is education: it does not provide financial advice or invite you to buy financial instruments. Investing involves the risk of losing your capital.

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