Learn how forex actually works.
Short, numbered lessons on pips, spreads, leverage and risk — each one ending with the cost of skipping it — plus a recap of what moved the market, written after the close with hindsight on purpose.
After the close
all recaps →Sample recap: dollar bid into the close as yields back up
A quiet Asia session gave way to a steady dollar bid through London and New York after a firmer-than-expected US data print pushed front-end yields higher. EUR/USD and AUD/USD closed near session lows; USD/JPY tested the top of its range.
The forex market has no close
Trading runs continuously from Monday morning in Wellington to Friday evening in New York. "Daily close" on your chart is just the 5pm New York rollover — the moment swaps are charged — not an actual pause in trading.
Start here
5 topics · learn hub →What is a pip, and why does everyone count in them?
The smallest unit forex traders talk in — and how to turn pips into money before you place a trade.
Spreads and commissions: what a trade really costs
Raw spread plus commission, or a wider spread with none — here is how to compare them with one number.
Leverage and margin, explained without the hype
1:30 or 1:500? Leverage does not change what you can win — it changes how fast you can lose.
Lot sizes and position sizing: the maths behind every trade
Standard, mini, micro — and the three-line calculation that tells you how many to trade.
Order types: market, limit, stop — and when to use each
The five orders that cover 99% of what you will ever need, with the pitfalls of each.
How to choose a regulated forex broker (a checklist)
Licence, entity, cost, withdrawals, platform. Check them in that order and you will avoid most mistakes.
More recaps
all recaps →Sample recap: sterling whipsaws on central bank guidance
GBP/USD spiked 60 pips on the rate decision headline, then gave the whole move back inside twenty minutes as the press conference struck a more cautious tone. Textbook two-way volatility on a scheduled event.
Sample weekly: ranges hold, carry trades quietly rebuild
A week without a dominant theme. Majors stayed inside their monthly ranges while high-yielders ground higher against the yen and franc as volatility fell — the classic set-up for carry.