Fundamentals
How to read a currency pair symbol and its quote
EUR/USD at 1.0850 means one euro buys 1.0850 dollars. How to read pips, points and platform symbol suffixes, plus the…
Fundamentals
17 articles in this section.
Fundamentals
How much capital you need to start: work back from cost, not from the minimum deposit
Brokers accept $1-5. That is what the broker will take, not what is enough to trade with. The real figure…
Fundamentals
What is forex? A straight explanation for beginners
Forex is always traded in pairs, runs 24 hours across five days, and uses leverage that magnifies losses exactly as…
Trading costs
What the spread is, and how to read it on the platform
Platforms show the spread in points, not pips: a spread of 12 on EUR/USD is 1.2 pips, roughly $12 per…
Fundamentals
Lots, pips and pip value: three calculations you cannot get wrong
One lot of a currency pair is 100,000 units; one lot of gold is 100 ounces. How to work out…
Fundamentals
Leverage does not create risk — position size does
One lot of EUR/USD ties up $3,883 at 1:30 and $233 at 1:500, while the profit or loss per pip…
Fundamentals
Five order types, and which one buys you a cheaper spread
A market order always fills but gives you no control over price; a limit order lets you pick the entry…