Learn how markets work, in order.

How the currency market is organised: pairs, pips and lots, sessions, the bid and ask, leverage and margin, and the basic order types.

1. 01Introduction to forex tradingWhat the foreign exchange market is, how currency pairs are quoted, when the four sessions trade and what a newcomer should learn first.2 min
2. 02Understanding currency pairsBase and quote currencies, bid and ask, the spread, and the difference between major, minor and exotic pairs.3 min
3. 03Leverage and marginHow leverage ratios, required margin, margin calls and stop-outs work, with the arithmetic that shows why losses scale exactly as gains do.3 min

Reading price charts: candlesticks, support and resistance, moving averages and the common indicators, each with what it measures and where it misleads.

1. 01Candlestick patternsThe anatomy of a candle and the single, two- and three-candle patterns most often named in price-action analysis, with their caveats.3 min
2. 02Support and resistanceWhat support and resistance are, how horizontal levels, trendlines and moving averages are drawn, and what breakouts and false breakouts look like.3 min
3. 03Moving averagesSimple and exponential moving averages, how each is calculated, what the golden cross and death cross describe, and how the period changes behaviour.3 min
4. 04Fibonacci retracementHow Fibonacci retracement levels are derived and drawn, what each level is conventionally taken to mean, and how extensions and clusters build on them.Advanced · 3 min
5. 05RSI and MACDHow the Relative Strength Index and MACD are constructed, what overbought, oversold, divergence and crossovers mean, and where signals mislead.Advanced · 3 min
6. 06Bollinger BandsHow Bollinger Bands are built from a moving average and standard deviation, what band width says about volatility, and how squeezes are read.Advanced · 2 min

The macroeconomic inputs to exchange rates: interest rates, growth, inflation and employment data, and central bank policy.

1. 01Central bank policyWho the major central banks are, how rate decisions, quantitative easing and forward guidance work, and how policy feeds through to currencies.3 min

Blockchain basics, Bitcoin and Ethereum, stablecoins, and how a crypto CFD differs from owning the asset.

1. 01How a blockchain settles a paymentWhat a blockchain is, how a payment on it becomes final, and how Bitcoin, Ethereum and stablecoins differ. The technology, explained without a view on price.4 min
2. 02Crypto markets: custody, weekends and venuesHolding a coin against holding a contract on its price, why a market that never closes is thinner at weekends, and why one coin has different prices on different venues.4 min

Scalping, day trading, swing and position trading, hedging and breakouts, described as ways of working with their costs and constraints.

1. 01Testing a set of rulesFour steps with this site’s own tools: describe a rule, test it on invented prices, see what position size does, and record real decisions. And what such a test cannot show.3 min

What Expert Advisors are, how backtesting and optimisation work, and why a good backtest is not a forecast.

1. 01Expert Advisors and how they runWhat an Expert Advisor is, how it runs inside MetaTrader, how automated trading fails in operation (connection loss, requotes, restarts, version changes) and what a VPS is for.3 min
2. 02Backtesting, optimisation and overfittingHow a backtest works, what optimisation does to it, how overfitting shows itself, and what out-of-sample and walk-forward testing are for. Why a good backtest is not a forecast.3 min

How scheduled releases and unscheduled events reach prices, and the execution risks around them.

1. 01Scheduled news and how markets reactThe economic calendar, the releases that most often move currencies, why the surprise matters more than the number, and the risks at release time.2 min

How risk is sized and measured, what expectancy means, and the habits that keep decisions consistent. Worth reading early, whatever your level.

1. 01The risk-reward ratioHow the risk-reward ratio and expectancy are calculated, the break-even win rate each ratio implies, and the mistakes that quietly change the ratio.3 min
2. 02Position sizingLot sizes, the percent-risk model, fixed-fractional sizing and the Kelly criterion, with the formulae and a worked example.3 min
3. 03Trading psychologyThe recurring psychological pitfalls in trading (FOMO, revenge trading, overconfidence, hesitation) and the routines used to keep decisions consistent.3 min