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Educational content, not investment advice.

Souq Dailyسوق ديليSouq Daily

Lesson 8 of 81:559 Sources

Level 0 review & test

Recorded. Publishing soon

Presented by NourIn Arabic, with captions. Other languages are coming.

Educational content, not investment advice. Nour explains how markets work. She never tells you what to buy or sell.

Level 0 in one page:

  • L1 A financial market connects buyers and sellers; forex is the largest (~$7.5T/day).
  • L2 Four families: currencies, gold, stocks, crypto – each with its own speed and risk.
  • L3 Prices move on imbalances caused by central banks, data surprises, geopolitics and sentiment.
  • L4 Investors think in years; traders in minutes to weeks and can profit from falls.
  • L5 P/L = move × size; leverage magnifies both; risk 1–2% per trade.
  • L6 Brokers earn from spread, commission and swap; verify the licence yourself.
  • L7 Demo to learn the platform, then a very small real account.

Score 80% on the test to earn your certificate.

Review and level test

This lesson recaps the whole level. When you're ready, take the 10-question test.

Take the test

Sources

Every fact in this lesson is backed by the sources below.

  1. 1.BIS Triennial Central Bank Survey 2022 – OTC FX turnoverGlobal FX turnover averaged $7.5 trillion per day in April 2022; dealers 46%, other financial institutions (incl. funds) 48%, non-financial customers 6%
  2. 2.Banco de España – How does monetary policy relate to exchange rates?Raising interest rates tends to make a currency more attractive and lift its value; the central bank does not set the exchange rate directly
  3. 3.Federal Reserve Board – IFDP 570: Macroeconomic news and the dollarExchange rates react to the surprise component of data releases (e.g. a payrolls surprise moves the dollar)
  4. 4.World Gold Council – Gold Market Commentary, April 2025A weaker US dollar and heightened risk pushed gold higher; higher rates can be a drag; investors turn to safe havens in uncertainty
  5. 5.SEC Investor.gov – Stock purchases and sales: long and shortA short sale is selling something you don't own and buying it back later; it profits if the price falls
  6. 6.ESMA – Prohibition of binary options and restriction of CFDs (2018)Analyses found 74–89% of retail CFD accounts typically lose money; leverage limits 30:1–2:1; negative balance protection; standardised risk warning
  7. 7.FCA PS19/18 – Restricting CFD products sold to retail clientsRetail CFD leverage limited to 30:1–2:1; 50% margin close-out; negative balance protection; risk warning showing % of the firm's retail accounts that lose money
  8. 8.FCA Handbook – CASS 7.13 Segregation of client moneyClient money must be held in accounts separate from the firm's own money as a key safeguard
  9. 9.MetaQuotes – MetaTrader 5 Help: Open an accountDemo accounts use virtual money, have the same functionality as live accounts and need no investment

Educational content, not investment advice. Risk warning: trading forex, CFDs, gold and crypto carries a high level of risk and may not be suitable for everyone. You can lose more than you put in. Souq Daily is an education platform. Nothing here is investment advice, a recommendation or an offer, and past performance does not predict future results.