Academy

The practice room

Five ways to use what the lessons teach, with your hands. Every figure is invented, nothing is scored against money, and none of it is advice.

Build an order

Build the order

Entry, stop, target: then the size.

Drag the three lines. The order reads itself back: its side, its distances, its ratio, and the size that makes the stop cost what you chose.

Position size calculator

Drag a line up or down, or use the sliders. An invented chart of an example pair quoted in US dollars.

target: 1.0933

entry: 1.0853

stop: 1.0813

Share of the account to risk: 1% of an example 5,000

Order: Buy
To the stop: 40 pips
To the target: 80 pips
Risk to reward: 1 : 2.0
Size that makes the stop cost 1%: 0.12 lots · 50 ÷ (40 pips × 10 a pip)

Fix the trade

One thing is wrong. Or nothing is.

Six order tickets. Check each the way you would check your own, before it is sent.

Order anatomy

Order ticket 1 of 6Buy

Entry: 1.0900
Stop: 1.0940
Target: 1.0980
Lots: 0.10
Account: 5,000

One thing is wrong, or nothing is. Which?

0 right

The flashcard duel

A couplet, four terms, sixty seconds.

Every one of the 152 glossary couplets is in the pack. The ones you miss are listed at the end.

The glossary

Time left 60s

Right 0

Wrong 0

A couplet from the glossary appears here. Choose the term it describes. As many as you can in sixty seconds.

The mistake museum

Five classic errors, watched from outside.

Each is replayed on the same invented price, with what it costs and the habit that prevents it.

Lesson: trading psychology

Moving the stop

What is done: The price nears the stop, and the stop is moved further away to give the trade “room”. It nears again, and is moved again.
What it costs: A loss that was planned and small becomes one that is unplanned and several times the size. The stop was the plan; moving it leaves no plan.
The habit that prevents it: Decide the level before the trade, when you are calm. If it is reached, the trade is over.

An invented price, the same in every exhibit. The bar at the foot measures the loss in units of the one loss that was first planned.

The certificate

A level finished is worth marking.

Complete every lesson of a level and a certificate appears, to print. It records lessons read on this device. It is not a qualification.

The Academy

Your record is read once the page has loaded.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

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