🧩Topics Covered:

• Base and Quote Currency Explained
  Learn how to read a currency pair and identify appreciation or depreciation in a chart.
  
  

• Bid Price vs Ask Price & Broker Markups
  Learn how pricing is determined and who earns the spread.
  
  

• Understanding Spread Charges
  What spreads mean, how they vary across platforms (exchange vs OTC), and how they impact your trading cost.
  
  

• Pips & Pipettes Simplified
  How price movements are calculated and measured.
  
  

• Calculating Pip Value in Dollars
  Use real formulas to assess potential gains or losses.
  
  

• Lot Sizes and Volume Management
  Learn the concept of trading in lots (standard, mini, micro) and how volume affects your position and risk.
  
  

• Two-Way Market & Order Execution
  Learn how long and short positions work together in the FX world.

🎯 What You Will Learn:

✔ Accurately interpret currency pair movements using base and quote principles.

✔ Understand how spreads and broker pricing impact trade profitability.

✔ Calculate pip values and relate them to lot size and volume control.

✔ Apply real-world insights to understand order placement and execution logic.

✔ Learn how the two-way market system works, giving you flexibility to buy or sell any currency pair.

✔ Reinforce your learning by applying technical concepts in a structured assignment.

🎯 Why it Matters:

✥ Before you make a single trade, you need to understand the math, mechanics, and structure behind it.

✥ This session ensures you're not just placing trades—you’re making informed decisions backed by market logic, cost analysis, precision tools and mindset necessary to enter the markets with confidence, control, and clarity.

Day 7 | Currency Trading Mechanics– Pips, Spreads, Lots & Real Market Pricing