Tag: (EN)
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…
Lesson 10 — Broker Scams
So… What Exactly Are Broker Scams? Imagine walking into a candy shop where everything looks shiny, sweet, and innocent… but the moment you buy a lollipop, the door locks behind you and the owner suddenly speaks in villain monologue mode. That’s the world of fraudulent brokers. Scam brokers pretend to offer legitimate trading services but…
