Forex for Beginners: What You're Actually Buying (Lesson 1)
Published Oct 12, 2026, 03:00 PM · 2 min read
New on the MCP Labs Forex channel — Forex for Beginners: What You're Actually Buying (Lesson 1). The full video is embedded below, with notes and next steps after it.
What this video covers
Lesson 1 for complete beginners: what a currency pair is, which pairs to start with, when the market is open, how buying and selling make or lose money (with worked pip examples), what moves prices, why gold (XAUUSD) moves about 5x more than EURUSD, what a CFD and a spread are, and the first step most beginners get wrong.
Lesson 1 of the free course "Forex From Zero to Automated" by MCP Labs Forex.
Next lesson: Lesson 2: Pips, lots and leverage
QUIZ: You sell EURUSD at 1.1400. The price falls to 1.1350 and you close. Did you win or lose, and by how many pips? Answer in the comments.
CHAPTERS
0:00 The biggest market in the world
1:00 What a currency pair is
1:58 Which pairs to start with + market hours
3:00 How you make (or lose) money: buy and sell
4:18 What moves prices
5:10 Where gold fits in
6:06 Who is on the other side: CFDs and spreads
6:43 Your questions
8:08 The first step most beginners get wrong
8:32 Recap, quiz and homework
Sources: FX turnover: BIS Triennial Survey 2022. Prices: Yahoo Finance (EURUSD, gold futures GC=F) to 9 Oct 2026.
Education, not financial advice. Trading forex, gold and CFDs on margin is high risk; practise on a demo account first. Narration voice is AI-generated.
A product of MCP Labs, created by Tshivhidzo (Moss) Mbedzi.
Run the EA from these videos
Everything shown here runs on Apex Drawdown Zero for MT5 — a selective MT5 Expert Advisor with a stop-loss on every trade and risk-based sizing (V9 has no account-level drawdown halt; V12 does). See more clips on our videos page or subscribe on YouTube.
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*Any results, returns or win rates mentioned in this video are examples from specific accounts and periods and are not typical or guaranteed. Trading carries substantial risk of loss. Past performance is not indicative of future results — read our full risk disclosure.*
