Market Mechanics
How orders flow, how spreads work, and how execution really happens.
Before you place a trade, you need to understand what happens when you click Buy. This module covers bid/ask spreads, lot sizes, pip calculations, margin requirements, and the full order execution chain from your click to the interbank market.
Lessons
Pips, Lots, and the Language of Forex
Before you can size a position or calculate risk, you need fluency in the basic units of forex: pips, lots, and the math that connects them.
Understanding Margin and Leverage
Leverage amplifies both profits and losses. Most traders understand the profit side. Far fewer understand what happens when leverage works against them.
Order Types and Execution
Knowing when and how to use different order types is not a minor detail — it directly impacts your entry price, slippage, and risk management.
Swap Rates, Rollover and the True Cost of Holding Positions
Every position you hold overnight generates a swap credit or charge. Over weeks and months, this hidden cost can meaningfully drag on your returns — or add to them if you understand carry.
Spread Dynamics, Slippage and the True Cost of Each Trade
The headline spread your broker advertises is rarely the spread you actually trade at. Understanding spread widening, slippage, and total trade cost is the difference between a marginally profitable strategy and a losing one.