1. Learn the instrument
Forex quotes one currency against another. Gold is commonly quoted against the US dollar as XAU/USD. Contract size, tick value, trading hours, swaps, and margin vary by broker and account.
Foundation guide
Understand the product before risking capital.
This guide is educational and broker-neutral. It contains no account recommendation, signal, performance claim, or instruction to trade.
2. Understand orders
Market, limit, stop, stop-loss, and take-profit orders behave differently. Execution can be affected by gaps, slippage, liquidity, and volatility.
3. Read context
Begin with structure, trend or range conditions, session, volatility, and nearby reference areas. A candle pattern alone is not a complete decision.
4. Define invalidation and exposure
Write what would prove the idea wrong. Then calculate position size from the permitted loss and invalidation distance. Never reverse that order.
5. Practise first
Use education and demonstration environments to learn platform behaviour. A demo result does not guarantee live execution or future performance.
6. Journal and review
Record the plan, execution, emotion, result, and lesson. Review whether rules were followed independently of whether the trade won or lost.
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