Risk warning: Forex and CFDs are high-risk leveraged products and most retail accounts lose money. Read the disclaimer

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Education

Six free lessons that take you from your first pip to a written risk plan.

Forex basics

Pairs, pips, lots and how the market works, explained from zero.

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Reading charts

Candlesticks, trends, support and resistance without the jargon.

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Order types and how to use them safely

Market, limit, stop and how to use each one safely.

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Leverage and margin

What leverage really does to your risk, and how margin calls happen.

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Risk management

Position sizing, stop losses and protecting your account.

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Trading psychology

Discipline, patience and avoiding the mistakes that cost the most.

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Before you deposit

Ten checks before you fund an account.

Run through this list for any broker, including the ones on this site. It takes ten minutes and can save you months of trouble.

How to check a licence
Open an account safely
  1. The licence number matches the entity name on the regulator’s own register.
  2. You know which legal entity will hold your account, and it is named in the client agreement.
  3. You have read what the agreement says about negative balance protection and compensation.
  4. You have checked spreads, commission, swaps and inactivity or conversion fees for the way you trade.
  5. You have tried the platform on a demo account.
  6. Deposit and withdrawal methods work in your name and your currency.
  7. Nobody who contacted you first is pushing you to deposit.
  8. Two-factor authentication is on and your password is unique.
  9. You will deposit a small amount first and test a withdrawal.
  10. You know the maximum you can afford to lose, and the risk per trade you will stick to.

General information for education only, not financial advice. Trading forex and CFDs carries a high risk of loss. Read the disclaimer.