Getting startedResource
A beginner’s guide to forex
Understand currency pairs, quotes, trade size, leverage and risks before a first trade.
Trading knowledge and market context.
Explore educational guides, market commentary and broker updates. Start with the topic you want to understand.
CFDs are high-risk, leveraged instruments. Losses may exceed deposited funds. Risk disclosure ›
- What the resources cover
- Forex · CFDs · risk
- Step-by-step platform help
- MT4 · MT5
- Virtual funds to practise on a demo
- $100,000
Resources
Find a
topic.
Find the published beginner and risk guides, account information and practical tools. Follow each card to its named resource.
Getting startedResource
Margin and leverage
Review the account and instrument conditions that determine margin.
RiskResource
Risk management in forex
Read the published guide to position size, stop-loss planning and leverage risk.
Getting startedResource
Trading glossary
Find plain definitions of spread, margin, leverage and other trading terms.
Getting startedResource
Economic calendar
Review scheduled releases and announcements in the economic calendar.
PlatformsResource
MetaTrader sign-in help
Understand account credentials, servers and common MT4 sign-in errors.
Getting startedResource
Account verification
Prepare the documents and review the published verification steps.
ForexRead resource
Forex trading costs: spread, commission and swap
Calculate a hypothetical forex trade’s spread, round-trip commission and swap. Learn how to compare costs and avoid counting the spread twice.
ForexRead resource
Pips vs points in forex: calculate pip value
Understand pips, fractional points and tick size in MetaTrader. Follow EUR/USD and USD/JPY calculations, including conversion into your account currency.
RiskRead resource
Forex margin vs risk: why they are different
See why required margin is not a loss limit. Compare leverage, position size and planned stop-loss risk with a hypothetical EUR/USD scenario.
ForexRead resource
MT4 vs MT5: accounts, automation and platform checks
Compare MT4 and MT5 account access, position accounting and automation compatibility. Use a practical demo checklist before changing platforms.
RiskRead resource
How to calculate forex position size from a stop loss
Work out a hypothetical forex position size from a money budget, stop distance and pip value. Include commission and round down to the permitted lot step.
Glossary
The words
every guide uses.
Plain definitions to read alongside account conditions and instrument specifications.
| Term | What it means | Where you see it |
|---|---|---|
| Pip | The standard unit of price movement: 0.0001 on most pairs, such as EURUSD. | The fourth decimal of the quote |
| Lot | Trade size. One standard lot is 100,000 units of the first currency; the smallest trade is 0.01 lot. | Volume, in the order ticket |
| Spread | The gap between the buy and the sell price. It is part of what a trade costs. | Bid and ask, in Market Watch |
| Commission | A fee per lot, per side, on Pro and VIP accounts, for forex and metals.3 | History tab, per closed trade |
| Swap | A charge or credit for holding a position past the daily rollover. | Symbol specification |
| Margin | The money set aside to keep a position open. | Trade tab: margin and free margin |
| Leverage | Lets a small margin control a larger position. It magnifies gains and losses alike. | Your account details in the client area |
| Stop loss | An order intended to limit a loss. Execution at the selected price is not guaranteed. | Order ticket, or the trade’s line on the chart |
Want to put numbers on these? The calculators do the maths.
Practise
Learn the platform with virtual funds.
Practise on MT4 or MT5 with $100,000 in virtual funds. Demo results do not predict live outcomes.
CFDs are high-risk, leveraged instruments. Losses may exceed deposited funds. Risk disclosure ›
Demo account
MT5 · virtual funds
Balance
$100,000.00
Equity
$100,000.00
Free margin
$100,000.00
EURUSD · H1
Euro vs US dollar
Sell
1.08412
Buy
1.08414
Results shown are not live. Past performance is not a reliable indicator of future results.8
Start
Demo or live
Ready when the
market opens.
Spreads from 0.0 pips on
Pro,3 MetaTrader 4 and 5, and
a licence2 you can look up.
CFDs are high-risk, leveraged instruments. Losses may exceed deposited funds. Risk disclosure ›