Four courses on what the instruments actually are, what a position costs to hold, and how to size one so a bad week does not become a terminal one.
Four courses
From what a CFD is to what moves each market, in order.
Arithmetic, in full
Every worked example shows its numbers so you can check them.
Live market news
Headlines as they break, alongside the lessons.
A searchable glossary
The vocabulary, defined plainly, open to everyone.
Start at Foundation even if you have traded before. Most expensive mistakes come from skipping the arithmetic, not from bad analysis.
A contract for difference is not a share and it is not a currency. This course establishes what a position is, what it costs to hold, and what happens at rollover.
Sizing determines survival; entries only determine how interesting the ride is.
What happens between pressing the button and seeing a fill, and which of the things people blame on the broker are actually the market.
Interest rate differentials, index dividend adjustments, contango in energy — the structural forces that act on a position regardless of the chart.
This is lesson 02 of the risk course, compressed. If the numbers below are unfamiliar, that is exactly the gap the course closes.
The question is never "how many lots feels right". It is: given the amount I am willing to lose and the distance to my stop, what size makes those two numbers agree?
$250 ÷ (30.0 × $10.00) = 0.8333, rounded down to 0.83. Rounding down, never up, is deliberate.
Headlines across every market we quote, live from TradingView. News explains a move after the fact more often than it predicts one.
Terms as we use them. Where an industry definition is vaguer than it should be, we say so.
| Term | Definition |
|---|---|
| Ask | The price at which you buy. Always the higher of the two quoted prices, and always shown on the right. |
| Bid | The price at which you sell. The lower of the two, always shown on the left. The industry convention is never reversed. |
| Contango | A futures curve where later contracts cost more than nearer ones, so rolling a long position forward loses money by construction. |
| Drawdown | The fall from an equity peak to the subsequent trough. A 50% drawdown needs a 100% gain to recover, which is the whole argument for position sizing. |
| Equity | Balance plus or minus the running profit on open positions. Margin is measured against equity, not balance. |
| Guaranteed stop | A stop that fills at your level regardless of gapping, in exchange for a premium. The only stop that is genuinely a guarantee. |
| Leverage | A margin ratio describing how little capital you must post. It is routinely mistaken for a measure of risk, which it is not. |
| Lot | The standard contract unit. Usually 100,000 units of base currency in FX, 100 ounces in gold, one coin in Bitcoin. |
| Margin call | The point at which free equity no longer supports open positions. New orders are blocked first; forced liquidation follows. |
| Pip | The smallest conventional price increment — the fourth decimal in most FX pairs, the second in yen crosses. |
| Rollover | The daily cut-off, commonly 22:00 UTC. Positions held through it are charged or credited the swap rate; one night a week, usually Wednesday, carries three days to cover the weekend. |
| Slippage | The difference between the price you asked for and the price you received. It is symmetric — positive slippage exists and should be passed through. |
| Spread | The distance between bid and ask, and the cost of entering a position before any commission. |
| Swap | The overnight financing charge or credit, derived from the interest rate differential between the two sides of the instrument. |
| Tick value | What one minimum price increment is worth on your position size. The number that turns a chart move into money. |
Pick an instrument, mark an entry and a stop, and work the sizing arithmetic against a market that is moving right now.
Courses open at launch.