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Educational content, not investment advice.

Souq Dailyسوق ديليSouq Daily

Lesson 10 of 104:105 Sources

Level 1 review + level 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 1 recap — forex basics.

  • Pairs: base/quote; majors include USD; minors without USD; exotics cost more.
  • Buy at Ask, sell at Bid; the spread is paid on every trade.
  • Pip = 4th decimal (2nd for yen); 100,000 units of EUR/USD ≈ $10/pip.
  • Lots: 1.00 / 0.10 / 0.01; size comes from stop distance and risk amount.
  • Leverage magnifies both ways; margin is collateral; EU retail cap 30:1 on majors.
  • Orders: Market, Limit, Stop, SL/TP; a triggered stop becomes a market order.
  • Swap, sessions and account types: check costs, times and execution.

Score 80% on the 10-question test to earn the 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 2025 — OTC FX turnoverFX turnover structure and dollar share (Lesson 1, 8)
  2. 2.NFA — Trading in the Retail Off-Exchange Foreign Currency Market: What Investors Need to KnowBid/ask, pip and rollover definitions; 100:1 leverage example (Lessons 2, 3, 5, 7)
  3. 3.MetaQuotes — MetaTrader 5 Help: Margin calculation (Retail Forex)Lot/contract size and margin formula (Lessons 4, 5)
  4. 4.ESMA (2018) — Restrictions on CFDs for retail investorsEU retail leverage limits (Lesson 5)
  5. 5.SEC Investor.gov — Types of OrdersMarket/limit/stop order definitions (Lesson 6)

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.