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First Steps in Forex

The complete beginner's guide from VoltPip. Everything you need to understand before your first trade, explained simply and honestly, with worked examples on gold and printable worksheets.

13pages
10chapters
2printable worksheets
PDF~1 MB
Free beginner's guide First Steps
in Forex
VoltPip · 2026 Edition
What's inside

10 chapters, in the right order

Each chapter builds on the one before. Read it cover to cover, then keep it as a reference.

What is the Forex market

Pairs and instruments, Buy and Sell, gold (XAU/USD) and the trading sessions.

The basic terms

Pip, lot, leverage, margin, spread and swap, explained on gold, with a concrete example of why leverage matters.

How to read a chart

Candlesticks, timeframes, trend, support and resistance.

Order types

Market, Limit, Stop, Stop Loss and Take Profit, plus a complete trade on XAU/USD.

Risk management

The 1% rule, the maths of recovery and the risk/reward ratio.

Position sizing

The formula and a quick table for gold: how many lots to open so you always risk the same amount.

Trading psychology

Revenge trading, FOMO, overtrading and the habits that keep you disciplined.

The trading plan

Printable worksheet: your rules, written down before your first trade.

The trading journal

Printable worksheet for every trade and a weekly review.

From demo to a real account

How to use demo properly, and the checklist before real money.

Optional

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