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How forex actually works

Short, numbered lessons. Each one ends with the cost of skipping it. Start at 01 if you have never placed a trade.

Basics

01 / beginner / 4 min

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.

Costs & fees

01 / beginner / 5 min

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.

Risk & leverage

01 / beginner / 6 min

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.

02 / beginner / 5 min

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.

Platforms & tools

01 / beginner / 4 min

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.

Choosing a broker

01 / beginner / 7 min

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.