The concepts every trader should understand first.
Clear explanations of pips, spreads, leverage, margin, orders, drawdown, risk and market structure.
A sensible reading order for beginners.
What Is a Pip and a Point in Trading?
A pip is the smallest standard price change in a forex pair. Points are broker-specific sub-divisions. Here's how both actually work in practice.
What Is Spread in Forex?
The spread is the gap between bid and ask — what you pay your broker on every trade. How to read it, compare it, and see past 'from 0.0 pips' marketing.
What Is Leverage in Trading?
Leverage lets you control a large position with a small amount of capital. It multiplies gains and losses equally. Here's the math that actually matters.
What Is Position Sizing in Trading?
Position sizing sets trade size from your risk, not your conviction. The formula, a worked example, and why it is the most important risk decision.
What Is Drawdown in Trading?
Drawdown is the fall from a peak in your account to the next low. How to measure it, why deep drawdowns are hard to recover, and how prop firms use it.
Browse concepts by category.
Market Basics · 7 topics
Forex, pips, spread, leverage — the vocabulary every trader needs before anything else.
- What Is Account Equity in Trading?
Account equity is your balance plus the open profit or loss of live trades. How it differs from balance, why it drives margin, and where traders slip.
3 min read - What Is a Prop Firm?
A prop firm funds a trading account once you pass an evaluation. How the modern prop model works, the key rules, and what to check before paying.
3 min read - Lot Sizes Explained: Standard, Mini, Micro
A lot is the unit of trade size. Standard = 100,000 units, mini = 10,000, micro = 1,000. Here's what that means for your P&L and why nano lots are a red flag.
6 min read - What Is Margin and Margin Call?
Margin is the collateral your broker holds against leveraged positions, and a margin call is what happens when it runs short. How the mechanic works.
6 min read - What Is Spread in Forex?
The spread is the gap between bid and ask — what you pay your broker on every trade. How to read it, compare it, and see past 'from 0.0 pips' marketing.
5 min read - What Is Leverage in Trading?
Leverage lets you control a large position with a small amount of capital. It multiplies gains and losses equally. Here's the math that actually matters.
6 min read - What Is a Pip and a Point in Trading?
A pip is the smallest standard price change in a forex pair. Points are broker-specific sub-divisions. Here's how both actually work in practice.
6 min read
Reading the Chart · 1 topic
Candlesticks, patterns, timeframes, support and resistance.
Orders & Execution · 2 topics
Market, limit, stop-loss, trailing stops, slippage, ECN vs market maker.
- What Is a Stop Loss in Trading?
A stop loss is a pre-set order that closes a losing trade at a defined level. How to place one, the common mistakes, and why it anchors risk control.
2 min read - What Is Slippage in Trading?
Slippage is the gap between the price you expected and the price you got. Why it happens, when it is worst, and how to limit its impact on trades.
2 min read
Risk Management · 3 topics
Position sizing, drawdowns, correlation, the math of ruin. The most important category.
- What Is Drawdown in Trading?
Drawdown is the fall from a peak in your account to the next low. How to measure it, why deep drawdowns are hard to recover, and how prop firms use it.
3 min read - What Is Position Sizing in Trading?
Position sizing sets trade size from your risk, not your conviction. The formula, a worked example, and why it is the most important risk decision.
2 min read - What Is Risk/Reward in Trading?
The risk/reward ratio compares what you risk against what you aim to gain. How to calculate it, why win rate matters, and how it drives expectancy.
2 min read
Technology · 2 topics
MetaTrader, Expert Advisors, VPS hosting, latency, copy trading.
- What Is a VPS for Trading?
A trading VPS runs your platform and EAs remotely, 24/5 and at low latency. What it does, when you actually need one, and what to look for.
2 min read - What Is an Expert Advisor (EA)?
An Expert Advisor automates trading in MetaTrader. How EAs work, how backtests differ from forward tests, and why automation never removes risk.
3 min read