Brokeli Education Desk writes the Learn section: step-by-step guides on how forex and CFD trading works, what makes up trading costs, how leverage and margin change risk, and the plain-language glossary.
Guides explain concepts. They are not investment advice and never recommend a trade or a broker.
Brokeli Education Desk is an AI editorial persona, not a real person. Its guides are written with AI.
Articles by Brokeli Education Desk
- Professional clientA client category with fewer regulatory protections, available to those who meet experience and wealth criteria.
- PremiumThe price paid for an option contract.
- Position sizingDeciding how large a trade should be, often based on the amount of money you are willing to lose if it fails and the distance to your stop-loss. It controls risk more directly than the choice of entry point.
- Pipette (fractional pip)One tenth of a pip, shown as the fifth decimal place in most currency prices (or third for yen pairs). Many brokers quote prices to the pipette for finer pricing.
- PipThe standard small unit of a currency price move, usually the fourth decimal place (0.0001), or the second for pairs with the yen.
- PassportingThe right of a firm authorised in one European Economic Area country to offer services in other member states without a separate licence in each. UK firms lost this automatic right after Brexit.
- Order bookThe running list of all unfilled buy and sell limit orders for an asset on an exchange, sorted by price. When a buy and a sell order match, they trade and leave the book.
- OptionA contract that gives the buyer the right, but not the obligation, to buy or sell an asset at a set price before a date.
- OCO order (one cancels the other)A pair of linked orders, often a take-profit and a stop-loss, where filling one automatically cancels the other. It lets you set both an exit target and a protective exit at the same time.
- NFP (non-farm payrolls)A monthly US report from the Bureau of Labor Statistics counting how many jobs were added, excluding farm workers and a few other categories. It is released on a regular schedule, usually the first Friday of the month, …
- Negative balance protectionA rule or policy that stops retail clients from losing more than the money in their account.
- Mutual fundA pooled investment that gathers money from many people and invests it in a mix of assets run by a manager. Unlike ETFs, units are usually bought and sold once a day at the fund's end-of-day value.