What is a pip? How to calculate pip value, with examples
A pip is the smallest standard price step in a currency pair. Here is how pips, pipettes and pip values work on EUR/USD, USD/JPY, crosses and gold.
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Forex trading guides
Central bank decisions, economic data, gold and oil, and plain-English guides to how currency trading works. Every article links to its primary sources.
Lot sizes explained: standard, mini and micro lots
A lot sets how many units of currency you buy or sell. Getting it wrong is the fastest way to turn a small price move into a large loss.
Leverage and margin explained: margin calls, stop-outs and how losses grow
Leverage lets you control a large position with a small deposit. It magnifies losses exactly as much as gains, and it is behind most blown trading accounts.
The real cost of a forex trade: spread, commission and swap
Every trade has costs, and they are easy to underestimate. Here is how to add up the spread, commission and overnight swap on a position.
Forex market hours: the Sydney, Tokyo, London and New York sessions
Currencies trade around the clock on weekdays, but not with the same liquidity. Session times in UTC, the overlaps that matter and the daylight-saving trap.
How to read an economic calendar: actual, forecast, previous and impact
The economic calendar tells you when markets are likely to move. Here is what each column means and how traders use it to plan the week.
CPI explained: headline and core inflation for forex traders
The consumer price index is the inflation figure markets watch most closely. What it measures, why core CPI matters and how it links to interest rates.
How interest rate decisions move currencies
Central bank decisions are the biggest scheduled events in forex. Why rates matter, why a hike can weaken a currency, and what to read beyond the decision.
Position sizing: how to risk a fixed percentage per trade
How much you trade matters more than where you enter. A step-by-step method for sizing positions from your stop-loss and the amount you are willing to lose.
Bid, ask and slippage: why your order fills at a different price
Why buy trades open at one price and close at another, why a stop can trigger when the chart never touched it, and how slippage happens.
Market, limit and stop orders: which order type to use
The order types on a trading platform decide when and at what price you enter or exit. What each one does, and the mistakes that cost traders money.
Major, minor and exotic currency pairs explained
How to read a currency quote, which pairs count as majors, crosses and exotics, and why spreads and risks differ so much between them.
How to read candlestick charts
Candlesticks pack four prices into one shape. How to read the body and wicks, what timeframes mean and why single patterns are weaker than they look.
More articles
Support and resistance: how traders mark price levels
Support and resistance are the most widely used ideas in chart reading. How to find levels, why they work as zones, and what happens when they break.
Moving averages explained: SMA and EMA
Moving averages smooth out price noise to show the trend. How simple and exponential averages are calculated, which periods traders use and where they fail.
The RSI indicator explained: overbought, oversold and divergence
The Relative Strength Index measures how strong recent moves have been. How it is calculated, what 70 and 30 really mean and why RSI can stay extreme in a trend.
Currency correlation: why EUR/USD and GBP/USD often move together
Pairs that share a currency or an economic driver tend to move in step. How correlation works, why it changes and how it can quietly double your risk.
Weekend gaps: why prices jump when the forex market reopens
Currencies stop trading on Friday evening, but the news doesn't. What happens to your positions and stops when the market reopens at a different price.
How to check whether a forex broker is regulated
A licence number on a website proves nothing until you have checked it yourself. A step-by-step check using regulators' own registers, and the tricks clone firms use.
What the “% of retail accounts lose money” warning actually means
Regulated CFD brokers must publish the share of their retail clients who lose money. How the figure is calculated, what it tells you and what it doesn't.
Leverage limits for retail traders in the EU, UK, Australia, Japan and the US
Regulators cap how much leverage brokers can give retail clients. The limits by market and region, and what professional status changes.
Negative balance protection, client money and compensation schemes
What happens to your money if a trade goes badly wrong, or if your broker goes bust? The protections that apply in the UK, EU, Australia and the US, and their limits.
Offshore brokers vs top-tier regulation: what changes for you
Many well-known brands open accounts for clients in some countries through offshore companies. What you gain in leverage and what you give up in protection.
Forex scams: the warning signs, and how recovery scams work
Fake brokers, signal sellers, account managers and romance-investment schemes all target forex traders. The patterns they share and what to do if you have been caught.
MetaTrader 4 vs MetaTrader 5 vs cTrader vs TradingView
The four platforms most forex traders choose between, compared on charting, order types, automation and broker availability.
PMIs explained: the survey data that moves currencies early
Purchasing managers' indexes are among the first economic numbers published each month. What the 50 line means, which PMIs matter and how traders use them.