Forex trading

Skill mahmoud20138/Tradecraft/plugins/tradecraft/skills/forex-trading

Forex market specifics: major/minor/exotic pairs, currency pair mechanics, pip values, lot sizes, swap/rollover, session overlaps, carry trades, central bank impact. USE FOR: forex pairs, currency pairs, pip value, lot size, major pairs, minor pairs, exotic pairs, forex session, carry trade, swap rates, rollover, central bank, forex spread, forex leverage, currency risk, forex broker, forex liquidity.From its SKILL.md

Install

npx -y skills add mahmoud20138/Tradecraft --skill forex-trading

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SKILL.md

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Skill: Forex Trading | Domain: trading | Category: asset-class | Level: beginner Tags: trading, asset-class, forex, pairs, pips, session-hours

Forex Trading — Asset Class Reference

Major Pairs & Characteristics

Pair	Nickname	Spread (avg)	Best Session	Volatility
EURUSD	Fiber	0.1–0.6 pips	London/NY overlap	Medium
GBPUSD	Cable	0.3–1.0 pips	London open	High
USDJPY	Ninja	0.2–0.7 pips	Tokyo/London	Medium
AUDUSD	Aussie	0.2–0.8 pips	Sydney/London	Medium
USDCAD	Loonie	0.3–1.0 pips	NY session	Medium
USDCHF	Swissie	0.3–1.0 pips	London/NY	Medium

Pip Value Calculator

def pip_value(pair: str, lot_size: float, account_currency: str = "USD") -> float:
    """Standard pip values for 1 standard lot (100,000 units)."""
    pip_sizes = {
        "EURUSD": 0.0001, "GBPUSD": 0.0001, "AUDUSD": 0.0001,
        "USDCAD": 0.0001, "USDCHF": 0.0001, "USDJPY": 0.01,
        "XAUUSD": 0.01,   "XAGUSD": 0.001,
    }
    pip = pip_sizes.get(pair.upper(), 0.0001)
    # For USD-quoted pairs: pip_value = pip * lot_size * contract_size
    return pip * lot_size * 100_000

Session Hours & Liquidity Windows

Session	UTC Open	UTC Close	Key Pairs
Sydney	22:00	07:00	AUDUSD, NZDUSD
Tokyo	00:00	09:00	USDJPY, AUDJPY
London	07:00	16:00	GBPUSD, EURUSD
New York	12:00	21:00	All majors
London/NY Overlap	12:00	16:00	Highest volume — best for scalping

Carry Trade Framework

def carry_trade_screen(pairs: list, rates: dict) -> list:
    """Find best carry pairs: borrow low-rate currency, invest high-rate."""
    results = []
    for pair in pairs:
        base, quote = pair[:3], pair[3:]
        carry = rates.get(base, 0) - rates.get(quote, 0)
        results.append({"pair": pair, "carry_pct": round(carry, 2),
                        "direction": "LONG" if carry > 0 else "SHORT"})
    return sorted(results, key=lambda x: abs(x["carry_pct"]), reverse=True)

Key Forex Risks

Central bank risk: Unexpected rate decisions cause 100+ pip moves
Economic data risk: NFP, CPI, GDP — trade around releases with caution
Correlation risk: EURUSD and GBPUSD often move together — don't double up
Swap/rollover: Holding past 22:00 UTC server time incurs overnight swap fees

Exness MT5 Pip Sizes (your broker)

PIP_SIZES = {
    "EURUSDm": 0.0001, "GBPUSDm": 0.0001, "USDJPYm": 0.01,
    "AUDUSDm": 0.0001, "USDCADm": 0.0001, "USDCHFm": 0.0001,
    "XAUUSDm": 0.1,    "XAGUSDm": 0.01,
}

Related Skills

What ships with it

Read from the repository

Just SKILL.md. No reference files, no scripts.