01How an order works
A market order fills immediately at the best available price. A limit order only fills if the market reaches the price you set, and a stop order triggers once a level is crossed. The buy price (ask) always sits slightly above the sell price (bid): that gap is the spread.
02Leverage and margin
Leverage lets you hold a position larger than your deposit. At 1:30, a 30,000 position ties up 1,000 in margin. Leverage magnifies gains and losses alike: if your margin level falls below 100%, positions can be closed automatically.
03Managing risk
Set a maximum loss per trade (commonly 1–2% of capital), always attach a stop, and note your risk/reward ratio before entering. A position size worked out in advance beats a decision made under pressure.
04What a position costs
Three costs apply: the spread paid on opening, any commission, and overnight financing on positions held past the close. Multi-day positions should factor that financing in.
05Choosing your markets
Forex is the most liquid and trades 24/5, indices follow their exchange hours, gold and oil react to macro data and geopolitics, and crypto trades 24/7 with markedly higher volatility.
06Practising risk-free
The demo account is funded with 10,000 in virtual money and mirrors the same prices, spreads and order handling as a live account. You can reset it at any time from the WebTrader.