Learn the fundamentals, then follow verified providers with a real track record.
Hover any underlined term on this site to see its definition.
Every position uses to control more than your alone would allow. Profit and loss are measured in , on a of your choosing, after the broker's is applied — always watch your .
pip
The smallest standardized price move a currency pair can make, usually the 4th decimal place (2nd for JPY pairs).
lot
A standardized trade size. A standard lot is 100,000 units of the base currency; mini and micro lots are 10,000 and 1,000 units.
leverage
Borrowed capital that lets you control a larger position than your account balance alone — it magnifies both gains and losses.
margin
The portion of your account balance a broker sets aside as collateral to open and hold a leveraged position.
spread
The difference between the bid and ask price of a pair, usually the broker's main trading cost.
drawdown
The decline from a peak in account balance to a subsequent low, usually shown as a percentage.