Category: Module 1 – Market Foundations
Lesson 20 — Investor Passwords & Risks
Meet Investor Passwords Imagine handing someone the keys to your spaceship… but the engines are locked, the lasers are deactivated, and they can only look out the windows.That’s basically what an investor password is. An investor password is a view-only login your trading platform provides. It lets someone see your trades, charts, and performance —…
Lesson 19 — Account Types (Standard / Raw / Pro)
Meet Account Types Ever walked into an ice cream shop, stared at 40 flavors, and thought, “Why is choosing harder than eating?”Forex brokers can feel the same way — except instead of chocolate vs pistachio, you’re choosing Standard, Raw, or Pro accounts. These account types determine your trading costs, how spreads and commissions are charged,…
Lesson 18 — What Is KYC / AML?
Ever tried joining a gym where the instructor doesn’t even check who you are?Yeah… you probably wouldn’t want to lift weights next to a mysterious hooded figure with a fake name tag that says “Definitely Not A Criminal.” That’s exactly why brokers use KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures.They make sure every…
Lesson 17 — Opening Trading Accounts
Meet Opening Trading Accounts Imagine trying to enter a spaceship without a boarding pass.You’d be stuck outside, pressing buttons that do absolutely nothing. Opening a trading account is your official boarding pass to the forex universe.It’s the process every trader goes through before placing their first trade — simple, structured, and surprisingly quick once you…
Lesson 16 — Safe Broker Checklist
Meet the Safe Broker Checklist Picture this: you’re about to blast off into the trading galaxy, helmet on, charts ready…But wait — who packed your rocket? A legit space agency… or a cardboard-box “space company” painted with crayons? Choosing a broker works the same way.A safe broker protects your money, your trading, and your sanity…
Lesson 15 — Commission Models
Meet Commission Models — The “Price Tag” of Every Trade Imagine going to a space café where every coffee has two price options: Welcome to spread vs commission in Forex — the cosmic menu of trading costs. Commission models shape your trading expenses, especially if you trade frequently. Understanding them helps you avoid feeling like…
Lesson 14 — Requotes
Meet Requotes — The “Sorry, Try Again” of Trading Imagine trying to grab a cookie from a space vending machine…You press the button…The machine whirs…And instead of your cookie, you get a message: “Price changed. Want this one instead?” That’s a requote. A requote happens when the price you tried to trade at is no…
Lesson 13 — Slippage
Meet Slippage — The Sneaky Ninja of Trade Execution Picture this: You click “Buy,” feeling like a confident space commander ordering your rocket to launch……but it lifts off a few meters away from where you aimed. That tiny gap?That’s slippage — the silent ninja of the Forex universe. Slippage happens when your trade is executed…
Lesson 12 — ECN / STP / Market Maker Brokers
So… What Exactly Are ECN, STP, and Market Maker Brokers? Imagine walking into three different restaurants: Different routes. Same goal: get you fed.Similarly, in Forex, different broker models route your trades differently — and that affects spreads, execution speed, and sometimes pricing. This lesson breaks down the three major broker types so you understand what…
Lesson 11 — Licensing Authorities
Meet Licensing Authorities Imagine you’re boarding an airplane. Would you feel safe if the pilot was a random guy who just watched a YouTube tutorial on flying? Probably not.The same goes for brokers — you want them licensed, monitored, and accountable. Licensing authorities are the “financial air traffic controllers.” They make sure brokers follow the…
