Trader base

Deal mechanics: from idea to result control

A trade does not start with the Buy or Sell button. First, the scenario, its cancellation level, and the allowable monetary risk are formulated; then the volume is calculated, the order type is selected, and only after that the command is sent to the broker.

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Correct order

Volume is calculated after risk determination.

A common mistake is to first pick a familiar lot size and then try to fit a Stop Loss to it. It's more reliable to do it the other way around.

Deal mechanics scheme: scenario, risk, position size, order type, and control — Sequence helps separate the market idea from the technical order submission.

Describe the entry condition and the reason why the idea would cease to be valid.
Determine the maximum allowable monetary loss per trade.
Measure the distance from the anticipated entry to the protective level.
Calculate the position size according to the instrument specification.
Select the order type and its validity period.
Check the margin, free reserve, spread, commission, and potential swap.
After execution, monitor not only the profit but also adherence to the original plan.
Record the result and deviations in the log.

Full materials

Study one block at a time.

Each card leads to a separate detailed article with examples and a checklist.

Risk

Lot and position size

Contract, point value, distance to stop, and calculation of permissible volume for different instruments.

Study position size →

Orders

Market, Limit, Stop and Stop Limit

How does an order to a broker differ from a trade, and why can an order be executed at a price different from the expected one.

Analyze order types →

Exit

Stop Loss and Take Profit

How to set the idea cancellation level, the planned target, and account for gaps, spread, and slippage.

Create an exit plan →

Practice

Create order in MT5

Verify the symbol, Demo/Live account, volume, direction and protective levels before submitting.

Open the practice section →

Margin and costs

What else affects the trade

Margin and leverage

Margin — the amount the broker reserves as collateral for the position. Leverage reduces the margin requirement, but does not make market movement any safer. The larger the position relative to capital, the faster price changes impact Equity and Margin Level.

Margin Call and Stop Out

The specific thresholds are set by the broker and the account type. When the margin level deteriorates, the broker may restrict new trades or forcibly close positions. Protection comes not from waiting for a warning, but from a pre‑defined overall risk limit and free margin.

Spread, commission and swap

The spread arises between the Bid and Ask, commission may be charged based on volume, and the swap – for holding a position overnight. Account‑currency conversion, exchange fees and data fees are also possible. All costs should be verified in the broker’s specifications and documentation.

Pre‑send check

Correct Demo / Live account selected.
Symbol and contract size verified.
Volume calculated based on monetary risk.
The S/L is on the scenario cancellation side.
The order type and duration match the plan.
Free margin is sufficient with reserve.
Spread, commission, swap and possible slippage are accounted for.

After training

Compare platforms and accounts

The same instrument can have different specifications across different brokers. Check the demo account, legal entity and documents before registering.

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The material is not an investment recommendation.