Forex, explained
Forex education, analysis and geopolitics for traders
Three levels and 46 modules from the basics to execution, each with its own quiz. No signup, at your own pace.
EducationFXCMDMarket Readiness Score: How to tell if conditions favor your trade before you enter?
Direction is only half the trade. Before you ask where price is going, ask whether the market is even ready to move — and learn the five factors that answer it.
Get our analysis, free

Gold sinks over 3% as US Treasury yields return to 2007 highs
Trump's rejection of Iran's Hormuz plan lifted oil and sent the US ten-year yield back to its 2007 highs; gold fell more than 3% and silver more than 5%.

Pips vs points vs ticks: the 5-digit broker confusion
MT5 counts in points, not pips. On a 5-digit broker a point is a tenth of a pip, so a spread of 12 is 1.2 pips. How to tell pips, points and ticks apart.

ECN vs STP vs market maker: who is on the other side of your trade?
Three labels for what a broker does with your order. Which one is yours, and why does the licence say more than the account page?

Yields at a 19-year high and a dollar that beat every major
The US ten-year yield hit a 19-year high and the dollar rose against all seven majors in our feed. So why did it reach the top half of our strength table only once?

Slippage vs requote vs gap: why did you get a different price?
Three events, one symptom: the price you got is not the one you clicked. Which one hit you, and what decides if a move reaches you as slippage or as a requote?

Yen jumps after Trump flags its weakness; oil eases on Iran deal hopes
The yen jumped after Trump flagged its weakness to Japan's prime minister, oil eased on US-Iran deal reports, and the 30-year Treasury yield hit a 22-year high.

Backtest vs forward test vs walk-forward: three tests, and only one runs in real time
Backtest and walk-forward both run on the past; only a forward test runs on prices that did not exist yet. The three side by side, and the MT5 option that borrows the name.

Dollar extends streak on Fed hawkishness; yen, Swiss franc weaken
The dollar rallied on hawkish Federal Reserve remarks, the yen and Swiss franc weakened, and the two levels the week watched both broke: Brent above $100, the 10-year above 5%.

Margin vs leverage: one is a ratio, the other is money
One is a permission your broker grants, the other is money a single trade locks and returns. The same position at four leverage settings, and the one number that never moves.

Spread vs commission vs swap: what a trade really costs
Three costs, one bill, charged at three different moments. What does one standard lot of EUR/USD held overnight really cost, and which of the three takes over after night two?

US PMIs surge and yields hit their highest since 2007
A jump in US business activity drove Treasury yields to their highest since 2007 and the dollar to a two-month high, while silver tumbled 3.67% and gold fell over 1.5%.

Dollar extends recovery, pound slips as oil stabilizes
The US dollar climbed to multi-week highs, supported by hawkish Federal Reserve expectations, while the British pound dipped. Oil prices halted a four-day slide, and gold…
Get the analysis, free
You choose how often. We confirm your email, and you can unsubscribe in one click anytime.
Your email stays private. Unsubscribe anytime.