Forex Basics
The vocabulary every trader needs: pairs, pips, lots, leverage and margin.
Lessons
8 lessons
What Is Forex?
The largest market in the world, explained without jargon: what is traded, who trades it, and why prices move.
Currency Pairs
Base and quote, majors, minors and exotics — how to read a pair and what its name tells you.
Bid, Ask and Spread
Why every pair has two prices, what the gap between them costs you, and why it changes during the day.
Pip and Point
The unit forex is measured in, how it differs on yen pairs, and how to turn pips into money.
Lot Size and Contract Size
Standard, mini and micro lots; what a contract size is; and how volume decides how much a pip is worth.
Understanding Leverage
Learn how leverage affects your buying power, margin and risk — and why a higher number is not a better one.
What Is Margin?
Learn what margin means, how it is calculated, and why available margin matters when opening a position.
Balance, Equity and Free Margin
The numbers at the bottom of your MT5 window, what each one means, and which one to actually watch.
Related categories
Educational content is provided for informational purposes only and does not constitute investment advice. Trading leveraged products involves significant risk.