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. Scaling in and Scaling out
11. Risk Management
12. Scaling out and in
• Scaling out
• Scaling in
• Pre-determine everything
13. Risk Management
• Reward to risk ratio
• Expectancy
• Drawdown
14. Trading Plan
15. Summary

Activity

1. Take quiz
2. Progress to Strategy and Analysis