Learn Trading
Trading here is not a promise of fast money, but a skill built on understanding, risk, probabilities, and discipline. The order below helps, but feel free to jump to a specific topic. If you want to build wealth over the long term instead, head to Understanding Investing.
Your trading progress
What is trading?
The basic distinction everything else builds on: who actually trades, in what, and why trading differs from investing.
Understanding markets
What gets traded, how it works, and what costs and risks come with it, including leverage and liquidation, the two most underestimated here.
- LeverageLesson
- LiquidationLesson
- Mark price and margin modesLesson
- CFDs, and why regulators warn about themLesson
- Futures and derivatives marketsLesson
- Options: calls and putsLesson
- Hedging with optionsLesson
- Short sellingLesson
- Crypto exchange vs. brokerLesson
- IndicesTrading
- ForexTrading
- PerpetualsTrading
- Order books, market makers, high-frequency tradingLesson
- Trading hoursLesson
Understanding orders
The gap between execution and price, and what actually reaches you in the end.
Understanding charts
What a chart actually shows, without unnecessary jargon.
- Reading a chartLesson
- Spotting trendsLesson
- Support and resistanceLesson
- Trendlines and channelsLesson
- Chart patternsLesson
Tools derived from the price history so far, with a focus on what they can and cannot do. No indicator predicts the future.
Understanding risk
Trading without risk management is gambling. These lessons decide more about success or failure than any strategy.
- Capital preservation before profitLesson
- Calculating position sizeLesson
- The one-percent ruleLesson
- Risk-reward ratioLesson
- Win rate and expected valueLesson
- DrawdownLesson
How professional traders think
Not a method to copy, but a mindset that helps you judge your own trading more realistically.
Trading psychology
The mistakes that actually end most accounts are rarely technical.
- Fear and greedLesson
- FOMOLesson
- Loss aversionLesson
- Confirmation biasLesson
- Overtrading and revenge tradingLesson
- The trading journalLesson
- When to stopLesson
Understanding trading strategies
How a strategy works, what the research finds, and where the weaknesses are. No buy signals, no parameters to copy.
- Writing down a strategyLesson
- BacktestingLesson
- OverfittingLesson
- Automated tradingLesson
- Strategy types overviewFinance Topics
- Momentum and trend followingFinance Topics
- Mean reversionFinance Topics
- Pairs trading and statistical arbitrageFinance Topics
- Grid trading and DCA botsFinance Topics
Practicing without risking money
The most important step before real money: try everything you learned here, without a mistake costing anything.
- Paper tradingLesson
- Paper trading simulatorTool
- Your written trading planLesson