WONNFX BLOG · GUIDES & RESEARCH

Forex & Gold Trading Guides

Practical articles on risk, position sizing, prop firm rules, news trading, expert advisors and copy trading — written by the developer of the WONNFX MT4/MT5 tools, with formulas and worked examples.

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Risk & Money

How to Calculate Lot Size in Forex: Formula, Examples and a Free Calculator

Turn balance, risk % and stop-loss into the exact lot size. Formula, three worked examples and the most common mistakes.

7 min readRead →
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Latest guides

MetaTrader

MT4 vs MT5: Differences, Pros and Cons — Which MetaTrader to Choose

Timeframes, order types, tester, hedging and code compatibility — a clear comparison and a recommendation for 2026.

6 min readRead →
MetaTrader

How to Install an Expert Advisor (EA) in MT5 and MT4: Step-by-Step

Data folder, Navigator, Algo Trading, inputs and the 8 errors that stop most EAs from trading — fixed in minutes.

6 min readRead →
Risk & Money

Risk-Reward Ratio in Trading: How to Calculate It and Why Win Rate Isn't Everything

1:1, 1:2 or 1:3? The break-even win rate table, expectancy in R and how spread quietly changes your real R:R.

6 min readRead →
Risk & Money

Forex Margin and Leverage Explained: Margin Level, Margin Call and Stop Out

Margin, free margin, margin level, margin call and stop out — and the leverage myth that blows accounts.

6 min readRead →
Smart Money

Fair Value Gap (FVG) in Trading: What It Is and How to Trade It

The three-candle imbalance behind many Smart Money entries: how to spot it, where to enter and which FVGs to ignore.

6 min readRead →
Copy Trading

How to Read Myfxbook Results: Gain, Drawdown and Verification Explained

Gain vs absolute gain, drawdown, verification badges and the red flags hidden in a nice-looking curve.

6 min readRead →
Gold XAUUSD

XAUUSD Pip Value and Lot Size: Gold Trading Maths Explained

Points, pips and dollars on gold finally make sense: contract size, profit per $1 move, margin and safe lot sizes.

6 min readRead →
Prop Firms

Prop Firm Challenge Rules: Daily and Maximum Drawdown Explained

Static vs trailing, balance vs equity: understand the limits that fail most prop challenges and size trades around them.

6 min readRead →
Expert Advisors

Trading Forex News: Why Your EA Needs a News Filter

NFP, CPI, FOMC: what really happens to spreads and fills, and how to pause your robots before the spike.

5 min readRead →
Copy Trading

Forex Copy Trading: How to Choose a Signal Provider (12-Point Checklist)

Track record, drawdown, hidden martingale, fees and copy modes — a checklist to separate real systems from lucky curves.

6 min readRead →
Risk & Money

Martingale and Grid EAs: Why They Blow Accounts (Risk of Ruin in Numbers)

Doubling after a loss feels safe — until the 9th trade. The real numbers behind martingale and grid systems.

5 min readRead →
Gold XAUUSD

Forex Trading Sessions: The Best Time to Trade Gold (XAUUSD)

Asian range, London open, New York overlap: when XAUUSD really moves and how DST changes the clock.

6 min readRead →
Expert Advisors

How to Choose a Forex EA: Backtests, Live Monitoring and Red Flags

Backtest quality, overfitting, profit factor, live monitoring and vendor red flags — what to check before you buy a robot.

6 min readRead →
Smart Money

Equal Highs and Equal Lows: How Liquidity Pools Work (Smart Money)

Where stops cluster, why price hunts them, and how to tell a liquidity sweep from a real breakout.

6 min readRead →
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Trading forex and CFDs involves significant risk and may not be suitable for every investor. Articles are educational and are not investment advice. WONNFX is not a broker. · wonnfx.online · Blog · Calculators · Telegram
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