PipCairn Resources
Beginner-friendly guides for retail forex traders who want a clearer way to think about risk before a trade. No signals, promises, or hype — just questions about potential loss, exposure, costs, and uncertainty.
Guide index
Build the pre-trade picture in three passes.
Read the topics in order or go straight to the question you are working through. The examples are hypothetical and the guides are general information, not a trading recommendation or an assessment of your circumstances.
01 / Plan the trade
Turn a trade idea into questions you can check.
Start with the planned loss boundary, the possible gain, and the conditions that could change the result.
- GlossaryBeginner forex risk glossaryPlain-language definitions for leverage, exposure, drawdown, position sizing, costs, and execution uncertainty.Read the guide
- GuidePractice forex risk management in a demo accountA beginner-friendly routine for rehearsing planning, sizing, exits, exposure, costs, and after-trade review before live trading.Read the guide
- ChecklistPre-trade forex risk checklistA concise worksheet of prompts to pause over exposure, potential loss, costs, and uncertainty before a trade.Read the guide
- GuideForex risk-to-reward ratioCompare a hypothetical potential gain with the planned potential loss, while keeping execution limits in view.Read the guide
- GuideStop-losses and drawdownThink through an exit before entry and understand declines from a prior account or equity high.Read the guide
02 / Measure exposure
See how size and leverage shape the position.
A position is more than its entry price. Consider size, margin, costs, related positions, and uncertainty together.
03 / Protect the account
Keep repeated losses in the picture.
One trade is not the whole account. Explore how loss sequences, drawdown, and uncertainty can compound the planning problem.