Forex 101 learning hub
Twelve short lessons that start at the very beginning. What forex is, what a CFD is, what margin and leverage actually mean, how to place an order and how to size it. Plain English, no jargon left unexplained.
Here is where you are and what to do next.
Everything is unlocked.
Start at lesson one and work down. Nothing here assumes you know anything yet.
Module 1 · The basics
Forex is short for foreign exchange. It is the market where one country's money is swapped for another's. When you go abroad and change pesos into dollars at the airport, you have just done a forex trade at a very bad price.
The market runs 24 hours a day from Monday morning in Asia to Friday evening in New York. There is no single building where it happens. Banks, funds, companies and traders like you are all connected through a network, and the price is simply whatever people are willing to pay right now.
As a retail trader you are not actually collecting suitcases of foreign money. You are placing a bet on whether one currency will get stronger or weaker against another, and your broker settles the difference in your account balance.
You are always trading one currency against another. Nothing moves on its own. If the euro rises against the dollar, the dollar is falling against the euro at exactly the same time.
CFD stands for contract for difference. It is an agreement between you and your broker to exchange the difference in an asset's price between the moment you open the trade and the moment you close it.
You never own the thing. If you buy a gold CFD, no gold moves anywhere. If gold goes up 10 dollars and you close, your broker pays you the difference multiplied by your position size. If it goes down 10 dollars, you pay.
Most retail CFD accounts lose money. That statistic is printed on every regulated broker's site for a reason. The traders who survive are the ones who treat position size as the most important decision, not the entry.
Every quote has two currencies. EURUSD at 1.0850 means one euro costs 1.0850 US dollars. The first currency is the base, the second is the quote.
Buying EURUSD means you think the euro will get stronger, so the number goes up. Selling means you think it will get weaker, so the number goes down. Nothing more complicated than that.
The gap between those two numbers is the spread, and it is the broker's cut. It is also why every trade starts slightly in the red. On major pairs the spread is usually under 2 pips. On exotic pairs it can be twenty times that, which is one reason we stick to majors.
A pip is the standard unit of movement. On most pairs it is the fourth decimal place. EURUSD moving from 1.0850 to 1.0851 is one pip. On pairs that include the Japanese yen it is the second decimal place instead, so USDJPY moving from 157.20 to 157.21 is one pip.
A lot is the size of your position. Lot size decides how much one pip is worth to you.
So if you buy 0.10 lots of EURUSD and it moves 30 pips in your favour, you made 30 dollars. If it moves 30 pips against you, you lost 30 dollars. This single table is the bridge between the chart and your account balance, and it is the thing most new traders skip.
Trade 0.01 lots until the process is boring. At 10 cents a pip you can make every beginner mistake and still have an account left to learn from.
Module 2 · Risk and money
Leverage lets you control a position larger than your account balance. At 1:100 leverage, 1,000 dollars in your account can control 100,000 dollars of currency.
Brokers advertise this as opportunity. It is more useful to think of it as a magnifying glass held over your position size decision. It multiplies the result, good or bad, and it does not care which.
Notice that leverage is the same in all three rows. What changed was the size you chose. That is the real lesson: leverage is a limit your broker sets, but risk is a choice you make every single trade.
High leverage is not the problem. Using high leverage as permission to trade big is the problem.
Margin is the deposit your broker holds while a trade is open. It is not a fee and it is not lost. It is set aside and released when you close.
A stop out is the broker closing your positions automatically because your equity can no longer support them. It is not a punishment, it is the broker protecting itself. But it means the market decided when you exited, not you.
If you ever see a margin call, the mistake happened earlier, when you chose the position size. A trader using 1% risk per trade will essentially never meet one.
This is the most important lesson in the hub. Risk a small, fixed percentage of your account on every trade, and let that decide your lot size. Never the other way round.
Most traders here use 1%. That means if you lose, you lose 1% of your account and you are still completely fine.
Do that calculation before every trade. Our risk calculator in the Tools section does it in one click, but do it by hand a few times first so you understand what the number means.
At 1% risk, ten losing trades in a row costs you about 10% of your account. Painful, survivable, recoverable. At 10% risk, the same losing streak takes roughly 65% of your account and you would need to nearly triple what is left just to get back to even.
Risk to reward compares what you stand to lose against what you stand to gain. If you risk 20 dollars to make 60, that is 1 to 3.
New traders obsess over win rate. Experienced traders care about the combination of win rate and risk to reward, because that is what actually decides whether you make money.
This is what we mean by low risk and high reward. We look for setups where the stop loss can sit somewhere tight and logical while the target sits several times further away. If a setup does not offer at least 1 to 2, we let it go and wait for the next one.
Module 3 · Placing trades
There are only a few orders you need to know.
Set the stop loss at the same moment you open the trade, never after. A stop you plan to add later is a stop you will move when the trade goes against you, and that is how small losses become account ending ones.
Place your stop where the idea is proven wrong, not at a round dollar amount. If your setup is invalid below a certain level, the stop goes just below that level. Then you size the position around it, using the calculation from lesson seven.
Each candle shows four prices for one slice of time: where price opened, where it closed, and the highest and lowest points in between.
A long wick tells you a story. Price went there, and enough people disagreed to push it back before the candle closed. Long wicks at the edges of a range are worth paying attention to.
A 1 hour candle is one hour of activity. Higher timeframes are slower and more reliable. Lower timeframes are faster and much noisier. Start on the 4 hour and daily charts, decide your direction there, and only then drop down for an entry.
You do not need to memorise fifty candlestick patterns. Where a candle forms matters far more than what it looks like.
Support is a level where price has repeatedly stopped falling. Resistance is a level where it has repeatedly stopped rising. They are not magic lines, they are simply places where enough buyers or sellers showed up before and may show up again.
Market structure is the bigger picture those levels form:
Our whole method sits on this. Find the direction from structure on the higher timeframe, wait for price to pull back to a level that matters, and take the trade in the direction the market was already going. Trading with the trend is not exciting, which is exactly why it works.
Mark your levels on a clean chart before the session starts, not while a trade is running. Levels drawn during a trade tend to appear wherever you need them to be.
Module 4 · Becoming consistent
A trading plan is a short written document that answers, in advance, every question you would otherwise answer badly in the moment.
One page is enough. If it takes three pages, the method is too complicated to repeat.
The journal is where the plan meets reality. For every trade, record a screenshot before and after, the setup, your risk, the result, and one honest line about whether you followed your own rules. After thirty trades you will see your real pattern, and it is almost never what you assumed it was.
Download the journal template from the Tools section, fill in your first ten trades on a demo or micro account, then bring it to your coaching call. That single conversation, with real data in front of you, is worth more than another month of videos.
A live 30 minute session, one on one. Bring your charts and your journal.
Built for MT4 and MT5. We install them with you on your first call.
Send us a message and we will walk you through it, or bring it to your coaching call and we will do it together on screen.
Posted each morning in the community. Educational only. Always size your own risk.
Daily levels and setups go out in the Telegram channel and the Discord server, with the reasoning written out so you learn to spot the next one yourself.
The public channel is open to everyone. The VIP group and Discord open once you fund.
Log every trade here. Your stats, calendar and equity curve live on the Overview.
In MetaTrader, open the Account History tab, right click anywhere in it, choose Save as Report, then drop that file here. Every closed trade comes in at once.
Entry and stop give you your R. The profit and loss box drives your calendar and equity curve.
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Send us your broker account number on Telegram along with the email you signed up with. A real person checks it and switches on your full access, usually the same day.
The details you gave us at signup.
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