Independent forex education — no broker owns this site
A free, structured course for complete beginners. Every lesson explains the mechanics with real numbers and a working calculator — and tells you the honest part first: most retail traders lose money.
Why this site is different
Most forex sites are owned by a broker or exist to funnel you into one. FirstPip is independent education — three principles hold every page to account.
Each lesson pairs a plain-English explanation with a working calculator and a real, step-by-step numeric example — you learn by touching the numbers, not just reading them.
Before "how to make money," we teach position sizing, stop-losses and risk of ruin. It's the honest order, and it's what actually keeps beginners in the game.
Every figure is sourced and dated. Broker research uses a public methodology, and any affiliate relationship is disclosed up front. We never promise profits.
Start with the basics
Short, sequential lessons. No prior knowledge assumed. Start at the top and work down — or jump to what you need.
What forex is, currency pairs, pips, lots, spread, leverage, margin — the vocabulary and mechanics, with worked examples.
Position sizing, stop-losses, risk-reward, drawdown and why most traders lose. The most important course on the site.
Every term defined in one or two sentences, with a link to the lesson that explains it in depth.
The questions beginners actually ask, answered with data — and zero sales pitch.
Free tools
Instant, no sign-up required. Each result comes with a one-line explanation of what it means for your account.
No account, no broker sign-up, no promises. Just the mechanics — explained honestly, with the numbers that matter.
Start learning free