Trading guide
A short tour of the concepts you'll use every day.
Order types
- Market: executes immediately at the current price.
- Limit: waits to fill at a price better than current (buy below / sell above).
- Stop: triggers a market order when price crosses a level (buy above / sell below).
- SL / TP: stop-loss and take-profit attached to a position; auto-close when hit.
Lot size
1 standard lot = 100,000 units of the base currency. Mini = 0.1 lot, micro = 0.01 lot. Position size determines pip value and margin used.
Margin & leverage
Margin = (lot size × contract value) / leverage. Free margin is what's left to open new trades. The platform displays Equity, Used margin, Free margin, and Margin level in real time.
Margin call & stop-out
- Margin call at 100% margin level — warning, fund or close.
- Stop-out at 50% — losing positions are automatically closed to protect your account.
Overnight swap
Positions held past 22:00 server time are charged or credited the interest-rate differential of the pair. Wednesday swaps are tripled to cover the weekend.
Pip value
For most pairs, 1 pip = 0.0001 of the quote currency × position size. EUR/USD at 1 standard lot = $10/pip.
Risk per trade
A common rule of thumb is to risk no more than 1–2% of your account on a single trade. Set your SL first, then size accordingly.