Core Mechanics

Syllabus

Master the Mechanics of Forex Trading 💹 — From Pips to Position Sizing, Risk Management, and Building a Solid Trading Plan.

1. Forex brokers - CFD Providers.
2. What is a pip?
3. Concept of bid and ask price
4. What is spread?
5. Trading orders
6. Take Profit, Stop loss, win rate and expectancy
7. Position size (lot size)
8. Leverage and margin trading
9. Margin, account balance and equity
10. Risk Management
11. Scaling out and in
• Scaling out
• Scaling in
• Pre-determine everything
12. Risk Management
• Reward to risk ratio
• Expectancy
• Drawdown
13. Trading Plan
14. Summary

Activity

1. Take quiz
2. Progress to Strategy and Analysis