- Beginner
- Intermediate
- Advanced
- Completion
Related terms
An increase to trade with a value far greater than the capital a trader has in their account. If your leverage is 1:50, that means if you have $1000 in your account, you’ll be able to trade as if you had $50,000 in your account ($1000 x $50,000). With greater leverage comes bigger gains AND bigger losses.
A failed trade that a trader closed or was stopped out of.
A number of currency units used to place a buy or sell position. View micro, mini, and standard lot. Also view contract size.
Properly maintaining discipline within your trading and knowing how to manage your trades with little to no risk to your account overall.
An order you set with your broker to close out your trade if price goes in the opposite direction and hits your pre-determined exit price.
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BeginnerEarly Stages for Beginners8 Topics
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Forex Terminology11 Topics
- Major and Minor Currency Pairs
- Basic Forex Terminology
- Pips & Ticks
- The Broker & The Spread
- What is a Lot?
- Stop Loss & Take Profit
- Margin & Leverage
- Retracement & Reversal
- When Can I Trade Forex? Sessions - Market Open and Close
- 3 Types of Analysis (Technical, Fundamental, Sentiment)
- 3 Ways a Market Can Go (Up, Down, Sideways)
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Margin & Leverage2 Topics
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IntermediateIdentifying Scams2 Topics
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Brokers for Beginners5 Topics
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Technical Analysis13 Topics
- Types of Charts
- Understanding Japanese Candlesticks
- Candlestick Patterns For Beginners
- Single, Double & Triple Candlestick Patterns
- Support and Resistance
- Confluences w/ Candlesticks & Support & Resistance
- Trendlines
- Counter Trend Trading/ Counter Trend Lines
- Fibonacci
- Moving Average
- Top-Down Analysis
- Fakeouts
- Consolidation Trading (Breakout, Retest, Continuation)
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AdvancedUsing Indicators6 Topics
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Technical Analysis (Part 2)8 Topics
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Market Structure5 Topics
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Fundamental Analysis9 Topics
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CompletionRisk Management for Beginners8 Topics
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Psychology for Beginners7 Topics
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Personal Psychology Questions2 Topics
Over-Leveraging
Over leveraging is one of the leading causes of many blown accounts. We discussed leverage earlier on within the free course, but let me give you an example that ties in with risk management.
If you have $100.00 in your account, using a .10 lot size can be very risky. With a 30 pip stop-loss, you are risking 30% of your account. Three bad trades will leave your account balance at close to nothing! You want to make sure your lot size aligns with your future trading goals. Walk into a trade knowing what it is that you’re risking, before looking at the reward. If you’re not okay with taking a loss that big and it puts you under financial stress, you are over-leveraging.