Archive: September 2026

OTC vs exchange: how is spot forex different from currency futures?
EducationLiquidity

OTC vs exchange: how is spot forex different from currency futures?

The same euro trades in two places: over the counter and on an exchange. Who is on the other side, who sets the price, and why does the futures quote not match spot?

SEP/30/20266 min read
What is OPEC, and how do its decisions reach your currency pairs?
EducationGeopolitics for Traders

What is OPEC, and how do its decisions reach your currency pairs?

OPEC sets how much oil its members pump. How does that decision end up in USD/CAD, and what should a forex trader watch when OPEC+ meets?

SEP/30/20265 min read
Dollar drives euro to three-month low as gold rebounds 1.3%
Roundup

Dollar drives euro to three-month low as gold rebounds 1.3%

The dollar took the euro below its June low and the Australian dollar below 0.70 after the RBA's hike, while gold rebounded 1.3% as oil slid.

SEP/30/20264 min read
Does forex have real volume? What the MT5 volume bar actually counts
EducationLiquidity

Does forex have real volume? What the MT5 volume bar actually counts

The MT5 volume bar counts price changes, not money. We set it against the BIS figures: it tracks when a pair is busy, not how much of it trades.

SEP/29/20267 min read
Volatility vs liquidity vs volume: a busy market is not a deep market
EducationLiquidity

Volatility vs liquidity vs volume: a busy market is not a deep market

Volatility is how far price moves, liquidity how much you can trade without moving it, volume how much was traded. We measured the two moments they split.

SEP/29/20267 min read
Gold sinks over 3% as US Treasury yields return to 2007 highs
Roundup

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%.

SEP/29/20264 min read
Pips vs points vs ticks: the 5-digit broker confusion
EducationMoney Management

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.

SEP/28/20265 min read
ECN vs STP vs market maker: who is on the other side of your trade?
EducationMoney Management

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?

SEP/27/20268 min read
Yields at a 19-year high and a dollar that beat every major
Macro

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?

SEP/26/20268 min read
Slippage vs requote vs gap: why did you get a different price?
EducationMoney Management

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?

SEP/26/20268 min read
Yen jumps after Trump flags its weakness; oil eases on Iran deal hopes
Roundup

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.

SEP/26/20264 min read
Backtest vs forward test vs walk-forward: three tests, and only one runs in real time
EducationBacktesting & Statistics

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.

SEP/25/20266 min read
Dollar extends streak on Fed hawkishness; yen, Swiss franc weaken
Roundup

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%.

SEP/25/20264 min read
Margin vs leverage: one is a ratio, the other is money
EducationMoney Management

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.

SEP/24/20266 min read
Spread vs commission vs swap: what a trade really costs
EducationMoney Management

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?

SEP/24/20268 min read
US PMIs surge and yields hit their highest since 2007
Roundup

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%.

SEP/24/20264 min read
Dollar extends recovery, pound slips as oil stabilizes
Roundup

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…

SEP/23/20263 min read
Balance, equity, margin and free margin: what your terminal is telling you
EducationMoney Management

Balance, equity, margin and free margin: what your terminal is telling you

Five numbers along the bottom of your platform, and the one beginners watch is the one that cannot tell them anything. What each means, and which decides if your trades stay open.

SEP/23/20268 min read