LHFX Academy
How trading works
Read a quote, price the spread and the commission in money, and work out what a pip and a lot are worth in your account currency.
4 lessons · about 32 minutes · 200 points
Every lesson in the course
- 01
Understanding bid and ask quotes
Bid, ask, and which one your order actually fills at.
6 min
- 02
Spread and commission are your real cost
Price the round turn on a real quote before the market moves.
9 min
- 03
Pip value in your account currency
What one pip is worth in the currency your account holds, and why it differs by pair.
9 min
- 04
Lots and contract size
Turn a money risk into a number of lots, and read the trap in the fifth digit.
8 min
Coming soon
The order ticket
Buy now or buy at a price, every field on the MT5 ticket that changes the trade, attaching the stop before you send, and what slippage and a gap do to it.
Coming soon
Your account, its limits and its costs
Minimum lot, lot step and the stops level that rejects a 3 pip stop. Which LHFX account you are on and in which currency, the spread you actually pay, and getting money in and out.
Coming soon
After the order
Moving a stop, closing part of a position, reading the account back, twenty trades on demo that cost nothing, and six tickets sent with one field wrong.
Coming soon
Expectancy and the win rate you need
One R risked per trade, the same twenty results in three different orders, expectancy stated as arithmetic, and the win rate you need at 1 to 1, 1 to 2 and 1 to 3.
Coming soon
Risk limits per trade, per day and in total
What 0.5%, 1% and 2% do to one twenty-trade run, the day you stop, why three dollar trades are one trade, and the total open risk across everything you hold.
Coming soon
Margin in depth
Effective leverage and the ceiling to set, five trades at the stop-out line and which one the platform closes first, the margin call as a procedure, and the limits set on a supplied record.
Coming soon
Why prices move
Two currencies, two interest rates, and the scheduled decisions that move both: central bank meetings, CPI and payrolls.
Coming soon
Reading the economic calendar
GDP, PMI and retail sales against the tier-one releases, forecast versus previous versus actual on a real week, the days every dollar pair moves together, and which hours the 0.9 pip spread belongs to.
Coming soon
Holding through the news
Rollover at 5pm New York and the triple charge on the right night for the pair, the weekend as a position you choose to hold, and the sizes that survive a release.
Coming soon
Choosing a style and writing the plan
Decide which kind of trader your week allows, pick a timeframe that survives a US$6 round turn, and write the setup down before clicking is permitted.
Coming soon
Keeping a journal
What a journal row contains, the chart as it looked at entry, your own denominators across forty trades, and the five numbers that describe you.
Coming soon
The weekly review
A month of commission and swap totalled against the profit they came out of, twenty minutes and three questions once a week, and one supplied forty-trade journal to review.
Coming soon
One market on three timeframes
One EUR/USD week on daily, 4 hour and 15 minute, where the candle boundary falls, the daily level you cannot see from a 15 minute chart, and drawing the line yourself on an uncropped window.
Coming soon
Trend, range and the false break
The handover between trend and range, fading a boundary as a trade named against the 126 of 303 count, the quiet that precedes the loud, and which environment your setup needs.
Coming soon
What an indicator is
A formula on prices you already have, and nothing else. The 20, the 50 and the 200, how many crossovers led anywhere, and what an RSI of 70 does and does not mean.
Coming soon
Divergence, MACD and bands
The divergence shape and the count of the shape, the three parts of MACD and the one people watch, why touching a band is not a signal, and the stop distance ATR implies.
Coming soon
Counting an indicator rule
What to do when three indicators disagree, counting a rule you picked yourself against its own denominator, and six charts with indicators on them.
Coming soon
Beyond EUR/USD
What the symbol list holds, why contract size is the whole difference, the cross that needs two conversions on a pound account, gold at 100 ounces, and index point value.
Coming soon
Pricing six instruments
Spread, commission and swap side by side across six symbols, which of them move together, what to trade first and why, and six trades sized to one limit.
Coming soon
Revenge trading, averaging down and overtrading
The decision after the fifth loss, widening a stop once it is priced in R, the second entry that is not a discount, doubling at minus 5R, and a month of trades taken because nothing was happening.
Coming soon
Position caps and rules you can keep
Recognising a forced read, the size that is arithmetically correct and still too big to sleep on, a cap you cannot lift intraday, and the size creep that follows a good month.
Coming soon
Testing an idea
Turning a belief into a countable rule, why 16 instances is a hint and 4 is nothing, naming the window before you start, counting forty bars at a time, and recording the trade rather than the pattern.
Coming soon
Forward testing, and when to stop
Cost and slippage inside a test, what a curve-fitted rule looks like, the same rule on the next 60 days with nothing changed, and the result you decided in advance would stop you.
Progress that follows you
Take any lesson without an account. Sign up free to save your progress, bank the points every lesson pays, and climb the level ladder.