Learn trading basics, in order

What to understand before risking your first pound.

Six lessons to understand what a market is, how you plug into one, and above all how much you can lose there. They read in order, and the risk management one is the only one you really must not skip.

Trading basics

6 lessons
Trading basics What you actually hold when you open a position, and who pays you if you are right. Trading basics 15 min Trading basics Getting set up Choosing a broker, opening the account, and placing a first order without hitting the wrong button. Getting set up 18 min Trading basics Market foundation Where your order really goes, what actually moves a price, and why the hour matters as much as the pattern. Market foundation 15 min Trading basics Risk management Position size, stops, R, expectancy, risk of ruin and correlation: everything that decides whether your account survives. Risk management 19 min Trading basics Forex What an EUR/USD order really buys, what a pip is worth, and why leverage does so much damage here. Forex 15 min Trading basics Futures contracts The standardised contract, the clearing house, margin recalculated every evening, and the roll. Futures contracts 15 min Trading basics