Guided trading practice
Forex Trading Simulator: Plan, Size & Review a Trade
Practise a complete hypothetical EUR/USD trade: read a chart, define risk, calculate size, reveal a fixed quote sequence and review the decision.
From observation to review
Make the decision before seeing the outcome.
Three original, fixed scenarios. No account, real money or orders. The quote paths are invented for teaching; a result here says nothing about a strategy's profitability.
- 1Observe
- 2Plan
- 3Size
- 4Reveal
- 5Review
1. Observe the information available
A fictional EUR/USD market has moved higher, then pulled back. Decide whether the visible sequence supports a trade under a rule you can state. You may also stand aside.
Read the 8 displayed observations as a table
Original hypothetical data. Price units follow the scenario. Observation numbers show sequence, not elapsed time. Only the initial observations are included.
| Observation | Close |
|---|---|
| 1 | 1.098 |
| 2 | 1.0986 |
| 3 | 1.0993 |
| 4 | 1.0989 |
| 5 | 1.1002 |
| 6 | 1.101 |
| 7 | 1.1005 |
| 8 | 1.1 |
Read the 8 displayed observations as a table
Original hypothetical data. Price units follow the scenario. Observation numbers show sequence, not elapsed time. Only the initial observations are included.
| Observation | Close |
|---|---|
| 1 | 1.102 |
| 2 | 1.1008 |
| 3 | 1.1 |
| 4 | 1.1012 |
| 5 | 1.102 |
| 6 | 1.101 |
| 7 | 1.1002 |
| 8 | 1.1 |
Read the 8 displayed observations as a table
Original hypothetical data. Price units follow the scenario. Observation numbers show sequence, not elapsed time. Only the initial observations are included.
| Observation | Close |
|---|---|
| 1 | 1.098 |
| 2 | 1.099 |
| 3 | 1.0983 |
| 4 | 1.0994 |
| 5 | 1.0987 |
| 6 | 1.0993 |
| 7 | 1.0997 |
| 8 | 1.1 |
2. Record a plan
USD 5,000 fictional equity; USD 50 chosen loss allowance. These are exercise inputs, not suggested risk settings. Market buy fills at ask 1.10020; market sell at bid 1.10000.
3. Calculate the position size
One lot = 100,000 EUR; minimum and step = 0.01 lot. Round-trip commission is USD 7 per lot. Size = 50 ÷ (entry-to-stop distance × 100,000 + 7), rounded down to the lot step. Entry and exit-side prices already account for the spread; do not add it again.
4. Reveal the next observations
The model checks each successive executable quote. A long exits at bid; a short at ask. The first stop or target crossing exits at that observed quote, including adverse gaps. An untriggered trade closes at the final quote. There are no invented observations between quotes.
On a small screen, scroll the quote table sideways to see every column.
| Observation | Bid | Ask | Model action |
|---|
This simplified model excludes financing, margin closeout, latency, order rejection and market impact. It assumes the stated quantity is executable at each quote. Real execution can differ.
5. Review the process
Separate a good outcome from a sound decision. Your plan, result and notes stay in this page until you download them or leave.
Explore the trading journalEnable JavaScript to use this simulation. The model and assumptions remain readable.
Understand the model first
Read order instructions, cost-aware sizing and backtest limitations. A stop-trigger level is not a guaranteed fill. The earlier chart uses bid observations; it cannot replace a broker's order and product specifications.
Original hypothetical exercise published 3 October 2026. All paths are deliberately fixed and inspectable. Repeating a scenario is revision, not an independent performance test.