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BDFX Learning

Trading basics, clearly explained.

Build familiarity with trading terms and platform controls before placing an order. This material is educational and does not provide personal investment advice or a promise of returns.

Lesson 1

Understand the instrument

A currency pair expresses one currency in another. A CFD provides exposure to price changes under a contract; it does not give you ownership of the underlying asset. Check the actual symbol and contract in MT5.

Lesson 2

Bid, ask and spread

The bid and ask are different prices. Their difference is the spread. Commission-free trading can still involve spreads and other costs. Review the current quote and account terms before placing an order.

Lesson 3

Lots, pips and contract size

A lot represents a contract size that varies by instrument. Pip size and the displayed price digits are not always the same. Open the symbol Specification in MT5 to check volume steps, contract size and margin rules.

Lesson 4

Leverage and margin

Leverage increases exposure relative to the margin required. It magnifies losses as well as gains. Margin is collateral, not a limit on possible loss. Actual requirements depend on the symbol, account and existing positions.

Lesson 5

Orders and price movement

A market order seeks execution at available prices. A pending order has trigger conditions. Stop-loss and take-profit orders can help plan exits, but gaps, slippage and market conditions can affect execution.

Lesson 6

Prepare before using a live account

Learn the platform controls, read the risk disclosure and practise using a demo account where available. Demo outcomes do not predict live results. Decide what loss you can afford and avoid relying on guaranteed-return claims.

Put the concepts into context

Forex calculatorReference currency converterEconomic calendarMT5 setup guideAccount helpRisk disclosure

The currency converter provides daily reference rates, not live executable prices. Use your connected MT5 terminal for the current bid, ask, trading sessions and symbol specifications.