Welcome to FX Education
If you want forex education that focuses on the practical and doesn’t get bogged down in the theory, welcome to our education hub. We have put together eight chapters, ranging from the very basics to more advanced analysis, to give you a solid foundation in tackling global markets. Begin with Forex: 101 for the full course, or just choose a chapter at your leisure. Learn to trade with us!
Chapters
FXEducation Glossary
Popular Terms
Stop Loss
An order to close a trade at a specific price to stem losses. This is used to close a trade to stop your account being wiped out.
Take Profit
An order to close a trade at a specific price to lock in profit without you having to physically close the trade yourself.
Leverage
To put in very simple terms, it allows you to open larger trades with less capital. Leverage is a great tool that allows you to earn more, but it comes at a price. The higher the leverage you use, the higher the risk of losing your investment. It can amplify both your earnings and losses. You need to find a balance between your capital and leverage. If you’re new to forex, it’s highly recommended to keep leverage low and not to open too many positions. A small investment + high leverage = likely disaster.
Volume
Turnover of a market. In MetaTrader you define the size of your trade in lots.
Slippage
Difference between order price and execution usually caused by lack of liquidity or a surprise news event.