This trading FAQ for beginners gathers the questions newcomers tend to ask first about forex, stocks and crypto. Every answer is kept short on purpose; the linked guides contain the diagrams and worked numbers. Start with how the three markets differ, or look up a term in the glossary.
Where the longer answers live
| If your question is about… | Read |
|---|---|
| Currency pairs, pips, lots and sessions | How forex trading works |
| Shares, exchanges, indices and dividends | How the stock market works |
| Blockchains, wallets and exchanges | How crypto works |
| Stablecoins and sending USDT | USDT explained |
| Spreads, commissions and financing | Hidden trading costs |
| Checking whether a firm is genuine | 10 things to check |
| Offers that look too good | How to spot scams |
Calculators
Several answers below involve a sum. The pip calculator, position size calculator, margin calculator and crypto profit calculator each show their formula, so you can follow the working and change the inputs to match your own situation.
Asked and answered
Is Wyvexx a broker, exchange or trading platform?
No. Wyvexx is an independent information site. We do not open accounts, accept deposits, execute trades, offer signals or manage money, and we never contact readers with investment offers.
What is the difference between forex, stocks and crypto?
Forex is the trading of currencies through a global dealer network, open 24 hours on weekdays. Stocks are shares in companies traded on regulated exchanges during set hours. Crypto-assets are tokens on public blockchains that trade every day on many venues.
What is a pip?
The standard unit of movement in a currency price: 0.0001 for most pairs and 0.01 for pairs quoted in yen. On one standard lot of a pair quoted in US dollars, a pip is worth $10.
What does leverage of 30:1 mean?
It means a deposit of $1 controls $30 of exposure, so the margin is about 3.33% of the position. Gains and losses are calculated on the full position, which is why leverage magnifies risk.
Can I lose more than I deposit?
Retail clients of UK and EU CFD providers have negative balance protection, which limits losses to the account balance. Elsewhere, and with some products, losses can exceed the deposit.
What is USDT?
A stablecoin issued by Tether, designed to be worth one US dollar. It exists on several blockchains, such as Tron and Ethereum, and the sending and receiving network must match.
What is a Bitcoin halving?
An event about every four years that halves the reward for mining a new block. The most recent was in April 2024, cutting the reward to 3.125 BTC.
What costs should I expect when trading?
The spread on every trade, possibly a commission, overnight financing on leveraged positions, currency conversion, and for crypto, network and withdrawal fees.
How can I check whether a firm is genuine?
Search your national regulator's register yourself, confirm the website and contact details match exactly, and check the regulator's warning list for clones.
Do you recommend any brokers, coins or shares?
No. We explain how markets and firms work so readers can make their own decisions, and we do not rank or recommend real companies or assets.