EODHD Academy

How FX Is Traded

The instruments and the plumbing — spot and T+2, forwards and forward points, the FX swap, NDFs, and exactly what a leveraged retail account charges you to hold a position overnight.

4 units · 16 lessons · 72 min read · plus hands-on practice, at your pace

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What are you actually agreeing to in a spot FX trade?

Spot and Settlement · 4 min read · practitioner

Start the first lesson

Unit 1 Spot and Settlement

  1. What are you actually agreeing to in a spot FX trade? 4 min
  2. Why does spot settle two days later? 5 min
  3. What happens if one side pays and the other does not? 4 min
  4. Where does the price on your screen actually come from? 5 min
Practice Check · Unit 1 A short check · cannot be failed Start

Unit 2 Forwards and FX Swaps

  1. What is an FX forward, and who actually needs one? 4 min
  2. How do you compute and read forward points? 4 min
  3. What is an FX swap, and why is it the most-traded instrument in the world? 5 min
  4. How do you hedge a currency you cannot deliver? 5 min
Practice Check · Unit 2 A short check · cannot be failed Start

Unit 3 Listed FX and the Retail Account

  1. Where do FX futures and options fit? 4 min
  2. What is a retail FX broker actually selling you? 4 min
  3. How much money does one lot actually require? 4 min
  4. What does it cost to hold an FX position overnight? 5 min
Practice Check · Unit 3 A short check · cannot be failed Start

Unit 4 Execution Reality and Risk

  1. When is FX actually liquid, and what happens when it is not? 4 min
  2. What happens when there is no price at all? 5 min
  3. What do the rules and the statistics actually say about retail FX? 5 min
  4. How FX Is Traded — course checkpoint 5 min
Practice Check · Unit 4 A short check · cannot be failed Start

Last Course exam

One exam, the whole course Unlocks when you have read all 16 lessons

Passing it earns the course certificate.