Learning sequence
Read in order to reduce conceptual gaps, or open the chapter you need directly.
1
Beginner
Start readingBalance, equity, margin and free margin
Understand the account figures that change as prices and open positions move. · 5 minutes
2
Beginner
Start readingSpreads, commissions and total trading cost
Convert different fee structures into comparable monetary costs. · 5 minutes
3
Beginner
Start readingLeverage is not free money: margin and liquidation risk
Understand how leverage changes required margin, loss speed and liquidation distance. · 5 minutes
4
Advanced
Start readingPosition sizing: let the risk budget determine lot size
Convert account risk and stop distance into a defensible position size. · 5 minutes
5
Beginner
Start readingWhat are forex rebates? Costs, process and common misconceptions
Understand where rebates come from, how they are settled and whether they affect spreads. · 5 minutes