KoboFX

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Forex Guides

Easy guides, broker reviews, and trading strategies for beginners worldwide. Nigeria guides live in our Nigeria hub.

Real or False Break: Wait for the CloseGuidesBeginner SetupPrice Action

Real or False Break: Wait for the Close

Learn how to spot false forex breakouts on EUR/USD by waiting for a candle close beyond the zone, so you stop chasing spikes that snap back.

By Iriss Lee · 05/09/2026Skip Bad Conditions: The Skill of Doing NothingGuidesBeginner SetupPrice Action

Skip Bad Conditions: The Skill of Doing Nothing

Learn when not to trade price action: messy ranges, major news, late entries, and rule breaks, so waiting protects your small account.

By Iriss Lee · 05/09/2026Which Currency Pairs Suit a Beginner?GuidesBeginner SetupFAQ

Which Currency Pairs Suit a Beginner?

Compare EUR/USD, GBP/JPY, and gold (XAU/USD) for beginners, and why one calm pair beats three wild ones.

By Iriss Lee · 04/09/2026Finding Market Direction: The First Price Action FilterGuidesBeginner SetupPrice Action

Finding Market Direction: The First Price Action Filter

Learn how to identify market direction on a forex chart using higher highs, lower lows, and ranges, so Nigerian beginners stop forcing trades.

By Iriss Lee · 04/09/2026Spread and Swap: Two Hidden CostsGuidesBeginner SetupMoney

Spread and Swap: Two Hidden Costs

Learn what spread and swap cost you in forex, when swap applies past 10pm WAT, and how to check both before you trade.

By Iriss Lee · 03/09/2026Download and Set Up MT5 on Your Phone or PCGuidesBeginner SetupHow-To

Download and Set Up MT5 on Your Phone or PC

Get MetaTrader 5 from a safe source, log in with demo, clean your chart, and check spread before your first trade.

By Iriss Lee · 02/09/2026Price Action: A Simple Chart ProcessGuidesBeginner SetupPrice Action

Price Action: A Simple Chart Process

Learn a five-point price action process for reading forex charts, waiting for proof, and managing risk on demo from Nigeria.

By Iriss Lee · 02/09/2026Head and Shoulders: When the Rally EndsGuidesBeginner SetupPrice Action

Head and Shoulders: When the Rally Ends

Learn to spot a head and shoulders top without trading it too early: the lower right shoulder warns, the neckline close triggers, and beginners practise the short only on demo.

By Iriss Lee · 01/09/2026Round Numbers: Levels Everyone WatchesGuidesBeginner SetupPrice Action

Round Numbers: Levels Everyone Watches

Learn how round numbers like 1.1000 act as magnets: price pokes through them, hunts stops, then reacts. Use them as zones, put targets before them, and keep stops beyond them.

By Iriss Lee · 31/08/2026