Risk and Mindset
Module 18 — Foundation Review
You now have the vocabulary and the mechanics of the Forex market. Before moving on, check that each statement below is something you could explain to someone else in your own words.
- I can explain what buying a currency pair actually means
- I can identify the base and quote currency in any pair
- I can calculate a pip move in money for a given lot size
- I can explain leverage and margin separately
- I know why spread and session timing affect my cost
- I can place an order with a stop loss and a take profit
- I size positions from my stop, not from my confidence
- I understand why capital preservation comes before profit
Key concepts
- Market mechanics support risk decisions
- Position size follows invalidation
- Professional habits are repeatable
Practical example
Explain a EURUSD trade from quote interpretation through stop placement and position sizing.
Common mistake
Moving on because the vocabulary feels familiar without being able to apply it.
Knowledge check
Check your understanding
Foundation assessment
Introduction to Forex — Foundation Review
Answer every question. A score of 70% completes the foundation review. You can retake it at any time.
Reading is free.Create a free accountto save your progress and continue where you stopped.
Ready to go beyond the foundation?
Complete every lesson and pass the foundation assessment.
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