Learning center
Understand the tools.
Educational explanations for this forex research workspace.
Currency pairs & pips
In EUR/USD, EUR is the base currency and USD is the quote. A price represents quote units per base unit. A pip is usually 0.0001, or 0.01 when JPY is the quote. A standard forex lot is typically 100,000 base units; the calculators explicitly use that assumption.
Position sizing
Choose a risk budget before selecting units. Divide the amount you are prepared to risk by the stop distance and the pip value per unit in your account currency. Round down. A stop order can fill beyond the requested level when prices gap, so the budget is an estimate.
Margin & leverage
Margin is collateral for leveraged exposure, not the maximum possible loss. At 30:1, exposure divided by 30 is the estimated initial margin. Costs and price changes affect equity. Calculator estimates are educational and do not quote broker requirements.
Candlesticks & trends
A candle records open, high, low and close for a time interval. The latest candle can be incomplete. SMA averages recent closes; EMA emphasizes newer closes. These describe past data and do not predict what comes next.
Momentum & volatility
RSI summarizes recent gains and losses on a 0–100 scale; MACD compares moving averages. Bollinger Bands show a moving mean with standard-deviation bands. Historical volatility measures return dispersion; it does not measure every kind of risk.
Research & economic events
Check original sources, timestamps and data delays. Calendar forecasts are expectations; actual values can be revised. Separate your interpretation from provider news and save the original link with notes.
Backtesting responsibly
Use only data available when each historical decision would have occurred. Charge costs, avoid tuning to one short sample and test on separate data. A historical simulation leaves out many execution details and never guarantees future returns.
A useful journal
Record the reason for entry, position size, exit, costs, strategy and lessons. Win rate alone is incomplete: compare average wins and losses, profit factor and drawdown. Keep research assumptions separate from observed results.