Free Guides for Trading Growth / Forex Trading — The Clean Cheat Sheet
Beginner
8 min read
Forex Trading — The Clean Cheat Sheet
Major currency pairs and when to trade them
Order types explained with real use cases
Market session hours and peak volatility windows
5 golden rules every new trader must follow
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MyFundedCapital School
Forex Trading — The Clean Cheat Sheet
Rules as of 3 Nov 2026. Tick each line before your next session.
1. Trading forex
- Focus on two or three major pairs and learn their sessions instead of watching every chart.
- Lots = risk in dollars ÷ (stop in pips × pip value per lot). Leverage is a ceiling, not a target.
- New FX positions are blocked around high-impact news unless you bought the News Trading add-on.
2. Market, limit and stop orders
- A market order buys at the ask and sells at the bid, so you pay the spread the moment you enter.
- A limit waits for a better price; a stop waits for price to prove a move. Neither is sure to fill.
- Add a stop loss before you send any order; the ticket shows what it costs against both loss limits.
3. Support and resistance
- Mark levels on 1D and 4h first; they carry more weight than levels found on 1m.
- A broken resistance often turns into support on the retest, and the other way round.
- Stops go beyond the zone with a buffer; a stop on the line is where many others sit too.
4. Where to put a stop loss
- The chart sets the stop’s place; your risk per trade sets the size. Never the other way round.
- Every order should carry a stop; the ticket warns when the loss is not limited.
- Move a stop only in your favour, and only for a reason on the chart.
5. Risk-reward ratio
- R:R = distance to the stop : distance to the take profit. Both come from the chart.
- At 1:2 about one winner in three breaks even before costs; at 1:1 you need one in two.
- Set the target at the next level. A ratio you want is not a ratio the chart offers.
6. Size a position
- Size from the stop and a fixed risk; the volume is the result, not the starting point.
- Risk % mode sizes from a share of equity and shows Risk at SL before you send.
- Fit to limits is a ceiling. Your own risk per trade is usually far below it.
7. Trading NFP, CPI and FOMC
- NFP, CPI and FOMC move forex, gold and indices more than almost any other scheduled event.
- Without the add-on, new FX and metals entries pause 2 minutes either side of big news.
- Spreads widen and stops can slip at the release; plan size for the worse fill.
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2,340+ traders downloaded this guide
Pairs & Sessions Guide
Know which pairs move during London, New York, and overlap — so you trade when the market actually moves, not when it sleeps.
Order Types Made Simple
Market, Limit, and Stop orders explained with practical examples so you always enter the right way.
5 Golden Rules
The non-negotiable rules that protect beginners: risk sizing, stop-loss discipline, trend trading, journaling, and starting small.
Inside the checklist
What you get on one printable page
21 checks from 7 School lessons. Tick each line before your next session.
Built from these lessons
- Trading forex4 min
- Market, limit and stop orders5 min
- Support and resistance4 min
- Where to put a stop loss5 min
- Risk-reward ratio4 min
- Size a position4 min
- Trading NFP, CPI and FOMC5 min
MyFundedCapital School
Forex Trading — The Clean Cheat Sheet
Rules as of 3 Nov 2026. Tick each line before your next session.
1. Trading forex
- Focus on two or three major pairs and learn their sessions instead of watching every chart.
- Lots = risk in dollars ÷ (stop in pips × pip value per lot). Leverage is a ceiling, not a target.
- New FX positions are blocked around high-impact news unless you bought the News Trading add-on.
2. Market, limit and stop orders
- A market order buys at the ask and sells at the bid, so you pay the spread the moment you enter.
- A limit waits for a better price; a stop waits for price to prove a move. Neither is sure to fill.
- Add a stop loss before you send any order; the ticket shows what it costs against both loss limits.
15 more checks in the full checklist
Bogdan Rubtsov
CEO & Founder
“Traders shouldn’t have to beg for capital or guess the rules. So every MyFundedCapital program has its own rulebook, and you can read it before you pay. We ask one question: can you manage risk? If you can, you’re welcome here. If a rule ever feels unclear, that’s ours to fix.”
