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Trading leveraged products carries significant risk and can lead to losses greater than you expect.

Education centre

Learn how trading works before it costs you to find out

Structured guides, strategy explainers and a risk section written to be genuinely useful — not a brochure. Start at the beginning, or jump to the part you are stuck on.

Start here

Three levels, in the order they actually help

Most people arrive in the middle — hunting for a strategy before they can size a position. The path below is deliberately boring at the start, because the mechanical ideas are the ones that decide whether anything later works. Move on when the previous level feels dull.

Level 01 Beginner

Understand what you are buying

Before direction, before strategy: what a quote actually represents, why there are always two prices, and what happens to your balance when the market moves one unit. Most early losses are not bad forecasts — they are positions nobody had measured.

  • How a price quote is built: bid, ask and the spread between them
  • Going long and going short, and why neither is the default
  • What leverage does to a gain and to a loss, in that order
  • Placing, modifying and closing an order on a demo account
Open the beginner articles
Level 02 Intermediate

Build a method you can repeat

A method is simply a written answer to four questions: what you trade, when you enter, where you are wrong, and how much you risk finding out. Once those are on paper, charts and order types stop being decoration and start doing work.

  • Reading candles, timeframes and the levels that matter
  • Choosing the right order type for the entry you want
  • Writing a trading plan, then journaling against it
  • Using an economic calendar so releases stop ambushing you
Compare the strategy styles
Level 03 Advanced

Manage the account, not the trade

Experienced traders spend most of their attention one level up from the chart: total exposure, correlation between open positions, the cost of carrying them, and what a bad week does to the balance. The single trade matters far less than the sequence of them.

  • Position sizing across several open trades at once
  • Correlation — when three positions are really one bet
  • Overnight financing and what holding a position costs over time
  • Automation, expert advisors and testing a rule set before funding it
Read the risk section

Trading for beginners

The six things to read first

Short, plain-English guides with worked examples instead of jargon. Read them in any order, but read the sizing one before you place a live trade — it is the one that changes behaviour.

Practise on a demo

Markets

What actually moves a market price

Interest rates, growth data, supply, sentiment and positioning — the handful of forces behind almost every move, and which of them matter on which timeframe.

7 min read Beginner

Basics

How to read a quote: bid, ask and spread

Why every instrument shows two prices, which one you get when you buy, and why the gap between them is the first cost any position has to cover before it can profit.

6 min read Beginner

Basics

Pips, lots and what your position is really worth

The arithmetic that turns a price move into a number in your account — and the reason two traders can be right about the same chart and finish the week very differently.

8 min read Beginner

Risk

Leverage and margin, without the hype

What leverage is, what margin is, how a margin close-out happens, and why a larger position is a decision about risk rather than a decision about confidence.

9 min read Beginner

Charting

Reading a candlestick chart from scratch

One candle, then four, then a trend. How to read structure without memorising dozens of pattern names, and how timeframe changes the story the same market tells.

10 min read Intermediate

Method

Writing a trading plan you will actually follow

A plan short enough to re-read before every order: instruments, setup, invalidation, risk per trade and the rules for a bad run. With a template you can copy.

7 min read Intermediate

About these six guides

The titles, categories and ordering above are the final editorial plan for this section. The article pages themselves are not published yet, so each card currently routes to a holding page and the reading times are estimates from the outline rather than measured word counts.

Trading strategies

Four styles, and how each one fails

Every strategy is a bet on how a market behaves. When the market behaves differently, the strategy loses — predictably, in its own characteristic way. Knowing that failure mode in advance is more useful than knowing the entry rule, so each card below states it plainly.

Hours to weeks

Trend following

A move already under way is more likely to continue than to reverse.

You identify a direction, enter in agreement with it, and stay until the structure that defined the trend breaks. Entries are rarely at good prices, which is the point — you are paying for confirmation.

What it demands of you
Patience through pullbacks, and the discipline to exit when the trend ends rather than when it feels like it should.
How it fails
In a sideways market. Repeated small losses as price crosses the same level in both directions are the classic trend-following drawdown.
Minutes to days

Range trading

Price is rotating between a floor and a ceiling and will keep doing so.

You define the range from prior reaction points, work the edges rather than the middle, and place the stop just outside the boundary so that a genuine breakout removes you quickly instead of slowly.

What it demands of you
Strict invalidation. A range trade without a stop beyond the boundary is a trend trade in the wrong direction waiting to happen.
How it fails
At the breakout. Ranges end, usually on a catalyst, and the last range trade is almost always the largest loser of the series.
Minutes to days

Breakout trading

A decisive move out of a compressed range starts a new one.

You mark the level, wait for price to leave it with conviction, and enter on the move or on the first retest. Stop orders are the natural tool, because they put you in only if the level actually gives way.

What it demands of you
Acceptance of slippage. Fast markets fill stop orders at the next available price, which in a breakout is frequently worse than the level you set.
How it fails
On false breaks. Price clears the level, triggers the entry, then closes back inside — the reason many breakout traders wait for a close or a retest instead.
Days to months

Swing and position trading

Meaningful moves need days or weeks, and most intraday noise is not worth trading.

Fewer trades, wider stops, smaller positions, and a decision taken away from the screen. It suits anyone who cannot watch a chart during market hours, and it shifts the cost question from spread to overnight financing.

What it demands of you
A sizing calculation that survives a wide stop, and tolerance for holding through adverse days without reacting.
How it fails
On gaps and carry. A position held over a weekend or an earnings release can reopen past your stop, and weeks of financing quietly erode a thesis that takes too long to play out.

Choosing between them

Match the style to your schedule before you match it to a market. A method that needs you watching a five-minute chart is not a method if you work during market hours, and a strategy you abandon after two bad weeks was never tested at all.

  • Decide how many hours a week you can genuinely give it.
  • Write the rules down before testing, not after.
  • Run it on a demo long enough to meet its failure mode once.

Nothing in this section is a recommendation or a forecast, and no strategy described here has a dependable outcome. Trading leveraged products carries significant risk and can lead to losses greater than you expect.

Order types

Six orders, and the job each one does

An order type is a sentence you write to the market in advance: do this, at this price, in this circumstance. Choosing the wrong one is how traders end up entering at prices they never agreed to. Three of the six are entries, two are exits you set in advance, and one is an exit that follows the price as the trade moves.

Standard order types: what each one does and when to use it
Order type What it does When to use it
Market order Entry — immediate Buys or sells now, at the best price currently available. You control the timing and the size; you do not control the price, and in a fast market the fill can differ from the price you saw when you pressed the button. When being in the trade matters more than the exact entry — a liquid instrument in normal conditions, or closing a position you no longer want to hold.
Limit order Entry — at a better price Waits, then buys at or below a price you set, or sells at or above it. It will not fill at a worse price than your limit. It may also never fill at all if the market does not reach your level. When you want a specific price rather than a specific moment — buying into a pullback, or selling into a rally towards a level you have marked.
Stop order (stop entry) Entry — on confirmation Sits above the market for a buy, or below it for a sell, and becomes a market order once your level trades. Because it then executes at the next available price, the fill can be beyond your trigger. When you only want the position if the market proves the idea — entering a breakout above resistance rather than anticipating one.
Stop-loss order Exit — risk control Closes an open position once price reaches a level you chose in advance, capping the loss you intended to accept. It is a market order on trigger, so gaps and thin liquidity can close you out below the level you set. On every position, set at the same time as the entry — while you are still neutral about the trade and able to answer the question "at what price am I simply wrong?"
Take-profit order Exit — target Closes an open position once price reaches a favourable level you specified, so the result is banked without you having to be at the screen when it happens. When your plan defines a target — a prior high, a measured move, a round number — and you would rather pre-commit than improvise while the position is profitable.
Trailing stop Exit — follows the price A stop-loss that moves with the market in your favour by a set distance and never moves back. As price advances, the stop advances behind it; when price turns by that distance, the position closes. In a trend you want to stay with for as long as it lasts, when you would rather protect open profit automatically than keep adjusting the stop by hand.

Two things the table cannot promise

First, a triggered order executes at the next available price, not at your trigger — in fast markets, around data releases and at the open after a gap, the difference can be material. Second, the set of order types you can place depends on the platform and the instrument, so the list above is the industry vocabulary rather than a statement of what is enabled on your account.

A habit worth forming

Fill the ticket from the bottom up: decide the stop first, then the size that makes that stop an acceptable loss, and only then the entry. Done in that order, the arithmetic protects you. Done in the usual order, the entry decides your risk for you.

Try it in WebTrader

Risk management

Risk management is not a module. It is the job.

Traders who last are rarely the ones with the best forecasts. They are the ones still holding a balance after the forecasts were wrong, because the size of each position was decided in advance and the exit existed before it was needed. This section is written to be useful to someone who is currently losing money, which is the only audience it matters to.

Position sizing

Size is the only risk variable you fully control, and it is decided before the order, not after. The method is the same everywhere: pick the maximum you are willing to lose on this trade, measure the distance from your entry to your stop, and let those two numbers give you the size. Never the other way round.

Keeping that maximum to a small share of your balance is what buys you the thing every method needs — a long enough run of trades for the method to show whether it works. A single oversized position can end the experiment before it has started.

Stop losses

A stop is not a prediction, it is a definition: the price at which your reason for being in the trade no longer exists. Place it where the idea is invalidated, then size to it. Placing it where the loss happens to feel tolerable is how traders end up with stops inside normal market noise.

Be clear about what a stop cannot do. It triggers at your level but executes at the next available price, so gaps, weekends and thin conditions can close a position worse than intended. That is a reason to size conservatively, not a reason to trade without one.

Leverage discipline

Leverage changes nothing about whether you are right — it changes how much a given move costs. The maximum available to you is a ceiling, not a target, and the traders who last tend to use a fraction of it. Treat the margin figure on the ticket as information about exposure, not as an allowance to spend.

Watch total exposure rather than individual tickets. Several positions that respond to the same driver are one concentrated bet wearing three names, and a margin close-out does not care which of them you considered your main trade.

The ceiling itself is not one global number. Retail clients in the EEA: 1:30 on major currency pairs, lower on other asset classes. Retail clients under our international entity: up to 1:400 depending on instrument and account type. Caps vary by regulator, instrument and client classification. The leverage and margin that apply to your own account are shown in the client area before you place a trade.

Six habits, in order of impact

  • Decide risk per trade as a fixed share of the balance, and write it down.
  • Set the stop and the size in the same action as the entry — never afterwards.
  • Check whether your open positions all depend on the same driver.
  • Know what an adverse gap would cost you before the weekend, not after it.
  • Keep a journal with the reason for entry, not just the result.
  • Step away after a run of losses instead of sizing up to recover them.

Before you trade with real money

Leveraged trading is not suitable for everyone. It is possible to lose money quickly, and losing a meaningful share of a balance is a normal part of learning rather than a sign that something went unusually wrong. Trading leveraged products carries significant risk and can lead to losses greater than you expect.

74% of retail investor accounts lose money when trading CFDs with this provider.

Market terms

Twelve words you need before anything else

Trading vocabulary is small, and most of it is plain once someone defines it without circular jargon. These twelve cover nearly every sentence you will meet in a platform, an analysis piece or an order ticket.

Forex terms in context
Bid and ask
The two sides of a quote. The bid is the price at which you can sell, the ask the price at which you can buy. The ask is always the higher of the two.
Spread
The difference between bid and ask, and the first cost a position carries. A new trade starts slightly negative by exactly this amount.
Pip
The standard increment of movement in a currency pair — the fourth decimal place on most pairs, the second on yen pairs. What a pip is worth depends on your position size.
Lot
A contract size. In forex a standard lot is 100,000 units of the base currency, a mini lot 10,000 and a micro lot 1,000. Smaller lots exist so risk can be kept small.
Leverage
The ratio between the size of a position and the capital backing it. It magnifies losses by precisely the same factor as gains.
Margin
The portion of your balance set aside to hold an open position. It is not a fee and not a cost — it is capital reserved while the trade is live.
Margin call and close-out
A warning that your equity has fallen towards the margin supporting your positions, and the automatic closing of positions that follows if it keeps falling.
Slippage
The difference between the price you expected and the price you were filled at. It appears most often in fast markets and around data releases, and it can go either way.
Liquidity
How readily an instrument can be traded without moving its price. Deep liquidity usually means tighter spreads and more predictable fills; thin liquidity means the opposite.
Volatility
How much and how quickly a price moves. It describes range, not direction — a highly volatile market is not a rising one, only a faster one.
Swap or rollover
The interest adjustment applied when a position is held past the daily cut-off. Depending on the instrument and the direction it can be credited or debited.
Drawdown
The fall from an account’s peak equity to its subsequent low, in money or percent. The statistic that tells you whether a strategy is survivable for you.

These are general definitions of market vocabulary. None of them states a value that applies to an Orion Capital account — the spread, leverage, margin and swap figures that apply to you depend on your account type, your instrument and where you are onboarded, and are shown in the client area before you trade.

Live webinars

Upcoming live sessions

Time with the platform open and a presenter answering questions in real time. The format is screen-first — demonstrations on a live chart rather than slide decks. Attendance terms and the registration route are confirmed with each announced session.

Beginner Live

Reading a chart live: structure, levels and context

Date
Time
Host

Screen time rather than slides. We open a handful of markets, mark the levels that matter and talk through what the chart does and does not tell you.

Live session with a Q&A at the end.

All levels Live

Risk clinic: sizing, stops and surviving a bad week

Date
Time
Host

The arithmetic of risk per trade, worked through on real position sizes, plus the questions to ask yourself before pressing buy. Bring your own numbers.

Workshop format. A calculator is useful.

Beginner Live

Platform walkthrough: from order ticket to open position

Date
Time
Host

Where everything is, what each field on the ticket does, and how to place, modify and close a trade without hesitating. Demonstrated on a demo account throughout.

Hands-on. Open a demo first and follow along.

Schedule and recordings

The three sessions above are the standing programme. Each run needs its own date, start time, time zone and presenter before this section goes live, and the reserve button needs pointing at whichever registration route the tenant uses — the client area or a separate webinar platform.

Education centre — frequently asked questions

Do I need an account to use the education centre?

No. Everything on this page is open to read without registering. An account becomes useful at the point where you want to practise — a demo lets you place the orders described here with simulated funds, which is a very different kind of learning from reading about them.

Where should a complete beginner start?

With Level 01 of the learning path, in order, and then a demo account. Read how a quote is built, what a pip is worth at the size you are considering, and what leverage does to a loss. Those three ideas prevent more damage than any entry technique.

Which strategy works best?

None of them works in all conditions, and anyone claiming otherwise is selling something. Trend following struggles in ranges, range trading fails at breakouts, breakout trading pays for false breaks, and swing trading pays financing to wait. The practical question is which style matches the hours you can watch the market and the drawdown you can sit through without abandoning the method.

Does a stop-loss guarantee my maximum loss?

It defines the level at which your position is closed, but not the price at which that happens. A stop becomes a market order when triggered and executes at the next available price, so a gap or a thin market can produce a worse result than the level you chose. Guaranteed stop availability, where offered at all, depends on the instrument and account type.

How much money do I need to start?

The minimum differs by account type: Classic from $/€ 100, Silver from $/€ 2,500, Gold from $/€ 25,000, VIP from Discretionary, VIP Diamond from Discretionary. You can fund an account by Visa / Mastercard, Wire transfer, Skrill, Neteller and WebMoney, and the figures that apply to you are confirmed in the client area before you deposit. Separately from the minimum: start with an amount whose complete loss would not change your circumstances, because early trades are tuition.

Which order types can I actually place?

The table on this page defines the standard order types used across the industry. The set available to you depends on the instrument and on where you place it: WebTrader is the only platform live today, and the mobile app still in development will not necessarily expose an identical list.

Are the webinars recorded?

The live schedule, the presenters and whether a recording is published afterwards are confirmed in the client area when each session is announced.

Is a demo account a fair test of a strategy?

It is a fair test of your mechanics — order entry, sizing, platform fluency — and a poor test of your temperament. Simulated money does not produce the hesitation that real money produces, so treat demo results as evidence that you can operate the plan, not as evidence that you will follow it when it costs you something.

Learn it on a demo before it costs you anything

A demo account mirrors the live platform with simulated funds, so you can place every order type on this page, size a position properly and watch a stop do its job — with nothing at stake.

CFDs are leveraged products. They carry a high risk of rapid loss because a small move in the underlying market produces a much larger move in your position. Most people who trade them lose money. Make sure you understand how these products work, and never risk funds you cannot afford to lose.