Junior Trader
Learn the core mechanics of forex trading. This course covers the fundamental math of trading: pips, pipettes, lot sizes, leverage, margin, spreads, and the exact order types you will use to enter and exit the market.
What You Will Learn
How to calculate pips, pipettes, and their monetary value
The difference between standard, mini, and micro lots
How leverage amplifies risk and how margin secures your positions
How to properly use market, limit, stop, and stop loss orders
About This Course
Junior Trader introduces the mathematics of risk. Before you can analyze a chart or build a strategy, you must understand exactly how much money you are risking per trade and how your broker charges you to participate in the market.
This course covers the essential mechanics: pips, lot sizing, the real cost of spreads, overnight swap fees, and the difference between margin and leverage. These are the tools you use to manage risk on every single trade.
Course Lessons
8 lessonsWhat Is a Pip?
The universal unit of measurement.
~7 min readPipettes and Fractional Pips
5-digit pricing explained.
~6 min readLot Sizes - Standard, Mini, Micro
Position sizing basics.
~8 min readWhat Is Leverage?
Amplifying exposure.
~9 min readWhat Is Margin?
Collateral and margin calls.
~8 min readSpreads and What They Cost You
The cost of entry.
~7 min readSwap Rates and Overnight Fees
The cost of holding.
~7 min readOrder Types - Market, Limit, Stop
How to enter and exit.
~9 min readThe Trader
Course 04 · Charts, candles & price structure.