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Orders, risk and trading costs — clear explanations, interactive examples and practical templates.
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Orders & execution
A CFD produces a gain or loss from a price difference. A bought option gives a right at a strike price in return for a premium. Compare the same underlying units to understand their different results.
Orders & execution
An iceberg order displays only part of its total quantity. A hidden reserve can replenish that visible part as it trades. The exchange or broker determines how replenishment and execution priority work.
Risk & capital
Calmar divides compound annual growth by maximum drawdown over the same period. It helps compare the historical growth of a strategy with the deepest fall observed along the way.
Orders & execution
Start with the exact message and the order’s current status. Then check the relevant prices, instrument and log entries instead of changing settings at random.
Risk & capital
Define what must happen before a trade, when to stay out and how to review your decisions. Start with a blank plan or customize the illustrative example.
Orders & execution
One currency future and one forex lot can represent different amounts of currency. Compare retail EUR/USD with exchange-traded euro futures, then check how contract size, financing, margin and expiry change the trade.
Orders & execution
A move can be 20 pips, 200 terminal points and 200 minimum price steps at once. The numbers change with the unit. Compare the definitions, inspect four explicit specifications and convert your own price distance.
Compare two ways of sizing risk and calculate the chance of reaching a fixed loss limit within a chosen number of trades. Then follow every path in a four-trade example to see why a later recovery does not erase an earlier breach.
Build your free Excel journal before you download it. Keep partial exits together, account for costs once and see which completed positions actually enter your statistics.
The same trading assumptions can produce very different account paths. Simulate a range of outcomes, compare two risk settings on the same trades and follow the arithmetic behind one curve.
Risk & capital
A trade's closing result leaves out what happened while it was open. Follow an observed price path to calculate maximum adverse and favorable excursion, compare long and short positions and reconcile the numbers with a trading journal.
Translate a completed position's net result into units of its recorded initial risk. Work through partial exits, keep the original denominator when a stop moves and see why positive average R can coexist with a loss in money.
A positive balance does not tell you how much equity supports your positions. Connect the account figures, calculate margin level and see what changes when a losing position closes.
A smaller spread can come with a separate commission. Compare the same completed trade, find where the costs are equal, and see how bid and ask prices affect your result.
A high win rate can hide costly losses. Calculate profit factor from closed trades, see what fees and one large winner change, and compare the same results in a different order.
Calculate how much of a prop account’s counted profit comes from its best day. Compare two profit definitions and see why a new best day can change the required total.
Orders & execution
In the Forex/CFD examples here, Buy Stop waits above the current Ask and Buy Limit below it. Follow four EUR/USD quote paths to see why activation, a chart touch and an actual fill are different.
If NBP covers your CFD account, liability for those CFD losses is limited to the account’s funds. The $1,000 example shows what you can still lose and which documents to check.
A price on the screen is not an execution receipt. Follow a hypothetical forex order through several price levels, calculate its average fill and see which part of the difference is spread, slippage or a change of benchmark.
Risk & capital
An account can still be in profit when it breaches its loss limit. Compare three rules on the same path to see when the threshold rises and how much room remains above it.
Orders & execution
A trailing stop-loss activates a market order; a trailing stop-limit activates a limit order. The first can fill at a worse price than the stop. The second can leave the position open. Compare both on the same price path.
