Academy
Lessons in order, from the basics to your own trading plan. Each one has the key points up front, numbers and sources.
- Lesson 1 · Start Lesson 1: risk per trade and position size
How to work out how many lots to open so the loss at your stop-loss is exactly what you planned. Formula, a gold example and why 1% is a sensible start.
- Lesson 2 · Start Lesson 2: market sessions — when gold and indices really move
Asia, London, New York: when gold and indices make their biggest moves, when spreads are widest and when US data comes out. With the times in your zone.
- Lesson 3 · Basics Lesson 3: expectancy — why hit rate is not everything
A strategy with a 40% hit rate can make money, and one with 70% can lose. How to calculate expectancy in R and how many trades you need to judge a result.