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🧭 Foundations
The words everything else is built on — prices, sizes, accounts.
Pip
A pip is forex's smallest standard price step. See exactly how pips work, what they're worth per lot, and work…
Pip Value
Pip value is the cash a single pip moves on your position. How it is computed per lot, why it differs across pairs, and the sizing mistakes
Spread
The spread is the gap between bid and ask — your instant cost per trade. Learn why it widens, what raw spread …
Leverage
Leverage lets $1 control $100 of currency. What the ratio really means, how margin connects, and the sizing ru…
Margin
Margin is the collateral your broker freezes to open a leveraged trade. How it's calculated, margin level, sto…
Lot
A lot is the contract size of a forex trade: 100,000 units standard, 10,000 mini, 1,000 micro. How to pick the…
Order Types
Market, buy/sell limit, buy/sell stop, stop-loss, take-profit, trailing stop and OCO — what each forex order t…
Bid & Ask
Every forex quote shows two prices: bid and ask. Which one you buy and sell at, what the gap means, and why yo…
Account Balance
Balance is closed-trade P/L only; equity adds open positions. Which one margin and stop-outs use, and why the gap between them matters…
Base Currency
EURUSD means 1 euro in base currency units priced in the quote currency (US dollars). How to read any forex pa…
Equity
Balance is closed trades; equity is balance plus floating P/L. Understanding both (and margin level) explains …
Pipette
A pipette is a tenth of a pip — the fifth decimal on most pairs. Why brokers display it and why your risk math…
🛡️ Risk & money management
Stops, targets and sizing — the difference between a losing trade and a lost account.
Drawdown
Drawdown measures how far your account falls from its peak. The recovery math that surprises everyone, accepta…
Risk of Ruin
Risk of ruin is the chance a strategy or sizing plan eventually blows the account. How the math works, what pushes it up, and the controls t
Margin Call
A margin call warns that equity is falling toward used margin; stop-out force-closes positions. Levels, typica…
Stop Loss
A stop loss is the order that closes a losing trade automatically at your chosen price. Where to place it, why brokers…
Take Profit
A take profit closes a winning trade automatically at your target. How to set TP levels from structure and risk-reward…
Trailing Stop
A trailing stop follows price in your favor and locks profit as the trade runs. How trail distances work on MT4/MT5, w…
Risk/Reward Ratio
Risk-reward compares what a trade risks to what it aims to make (1:2 = risk 1 to make 2). Why it — not win rate — deci…
Profit Factor
Profit factor is gross winnings divided by gross losses — a one-number health check for any trading system you are testing or running live.
Position Sizing
Position sizing converts “I risk 1%” into an exact lot size from stop distance and pip value. The formula, examples, a…
📈 Charts & technical analysis
Indicators and structure — what each tool honestly can and cannot tell you.
Support & Resistance
Support and resistance are price zones where buyers or sellers repeatedly take control. How to draw them and trade aro…
Breakout
A breakout is price escaping a defined range or level. What makes a break real, why fake-outs happen, and how traders …
Trend
An uptrend is a sequence of higher highs and higher lows; a downtrend the reverse. How to read trend on any chart and …
Divergence
Divergence: price makes a new extreme while its oscillator does not. Regular vs hidden divergence, what each hints at,…
Currency Correlation
Currency correlation measures how two pairs move together. How it silently doubles your risk, with worked examples and the checks that keep
Fibonacci Retracement
Fibonacci retracement draws percentage levels (38.2/50/61.8%) of a price swing. Where they come from, how traders use …
Moving Average
A moving average smooths price into one line, revealing direction. SMA vs EMA, useful periods, and the honest way to t…
RSI
RSI (0–100) measures momentum: above 70 overbought, below 30 oversold. What it really tells you, divergence use, and c…
MACD
MACD compares two EMAs to show trend momentum. Reading the lines and histogram, crossovers, divergence, and where it f…
Expectancy
Expectancy is what a trading system wins or loses per trade on average — the one number that says whether your edge is real or imagined.
Pivot Points
Pivot points compute support/resistance from the previous period’s high, low and close. The classic formula, levels, a…
ATR
ATR averages each bar’s true range to show how far price typically moves per candle. Uses: stop placement, trail dista…
Volatility
Volatility is the size of price swings over time. What drives it, how to measure it (ATR), and why it should c…
🎯 Trading styles
Scalping to swinging — pace, costs and who each style suits.
Carry Trade
The carry trade earns the interest-rate difference between two currencies while you hold. How swap works, when carry h…
Bulls & Bears
Bullish means rising prices or buying pressure; bearish the opposite. Where the words came from and how to use them pr…
Scalping
Scalping means holding trades for seconds to minutes, hunting small moves many times a day. The costs, requirements, a…
Swing Trading
Swing trading holds for days to catch one market “swing.” Timeframes, session-friendly routine, and why it suits peopl…
📅 Economy & central banks
The calendar events that move currencies, in plain English.
CPI
The Consumer Price Index tracks the price of a consumer basket — the headline inflation number central banks set policy against. What CPI means for…
FOMC
The Federal Open Market Committee sets US interest rates in eight scheduled meetings a year. What the statement, dots and press conference do to the dollar…
Dot Plot
The Fed’s dot plot shows where each FOMC member expects interest rates to go. Why the median path often moves markets more than the decision…
NFP (Non-Farm Payrolls)
Non-Farm Payrolls is the monthly US jobs report — the single most volatile recurring slot on the calendar. What the headline, revisions and wages mean…
PMI
The Purchasing Managers Index surveys firms monthly on hiring, orders and prices; 50 separates expansion from contraction. Why traders read PMIs early…
PPI
The Producer Price Index tracks prices businesses receive for their output — wholesale inflation that tends to reach consumers later. Why PPI leads…
Hawkish & Dovish
Hawkish leans toward higher rates, dovish toward lower or unchanged. How to read central-bank language and the market’…
Interest Rates
Central-bank rates set the yield gap between currencies — the gravity of forex. How decisions move pairs, and how to t…
⚙️ Costs & execution
What trading really charges you, and when.
Swap (Rollover)
Swap (rollover) is the overnight interest you pay or earn on positions held past 5pm ET. How it's calculated, …
Slippage
Slippage is the gap between the price you requested and the price you got. Why it happens in fast markets, and…
Rollover
Rollover is the daily 5pm New York rollover: positions held past it earn or pay swap, spreads widen, and Wedne…
Liquidity
Liquidity is how easily size trades without moving price. It drives spreads, slippage and session choice — explained w…
Order Block
An order block is the last opposite candle before a strong move — where big orders may rest. How traders mark and use them…
Liquidity Void
A liquidity void is a fast one-sided move with little trading behind it — and why price often revisits it later…
Fair Value Gap
A fair value gap is the three-candle imbalance zone price often returns to. How to spot it and test it honestly…
🏦 Brokers & accounts
Where you trade and how the models differ.
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