Forex trading guides
The maths behind every trade, worked through by hand: how to size a position, what a pip is worth, how leverage and margin work, what trading really costs, and how much to risk. Each guide shows the formula, worked examples you can check, and links to the calculator that does it for you.
How to Calculate Lot Size in Forex
How to calculate lot size: risk ÷ (stop in pips × pip value per lot), with worked examples for forex, gold and indices.
15 min read · 6 calculators
What Is a Pip in Forex, and How Much Is a Pip Worth?
What a pip is, how to calculate pip value, and what a pip is worth per lot on EUR/USD, USD/JPY, gold and other pairs.
9 min read · 6 calculators
Forex Risk Management: The Rules and the Maths Behind Them
What forex risk management is: risk per trade, R multiples, drawdown recovery, risk of ruin, Kelly fractions and prop-firm loss limits.
15 min read · 6 calculators
Risk-Reward Ratio: How to Calculate It and the Win Rate You Need
The risk-reward formula, the break-even win rate at each ratio, worked examples, and how spread and commission change the numbers.
7 min read · 6 calculators
What Is Leverage in Forex? Leverage and Margin Explained
What leverage in forex is, the margin formula, retail leverage limits, and how margin calls and stop-outs work.
13 min read · 6 calculators
Forex Trading Costs Explained: Spread, Commission and Swap
How spread, commission and swap are calculated, with break-even prices and the effect of costs on short-term trades.
12 min read · 6 calculators
Pivot Points and Fibonacci Retracements: How to Calculate Them
Pivot point and Fibonacci formulas worked by hand, and how to turn a level into a sized trade.
12 min read · 6 calculators
The guides are general education, not investment advice. Every figure uses the same formulas as our calculators; see how our calculators work.