Leon Mercer Academy
LEVEL 03

YOUR FIRST TRADE

A trade from entry to result — and a first trade on demo.

  1. 026What happens once a trade is open
  2. 027The entry price
  3. 028The closing price
  4. 029What expiry is
  5. 030How the result is decided
  6. 031An example of a BUY trade
  7. 032An example of a SELL trade
  8. 033A winning trade
  9. 034A losing trade
  10. 035What happens when the price is unchanged
  11. 036How to read trade history
  12. 037Why payout matters
  13. 038Why 80% payout is not an 80% chance
  14. 039A first trade on Demo
  15. 040Going back over the first trade

Level exam

10 questions on the level's material. Pass mark 80%.

Take the exam

Questions to check yourself

  1. 1.Explain the main idea of this level in one sentence.
  2. 2.Which action is best when the context contradicts itself?
  3. 3.Why does the result of a single trade not prove the quality of a method?
  4. 4.What has to be checked before carrying the theory over to the live interface?
  5. 5.What is the difference between an observation and a forecast?
  6. 6.What is a demo account for?
  7. 7.Why can a payout not be read as a probability of success?
  8. 8.What part does risk management play in short trades?
  9. 9.When is the decision to SKIP a good decision?
  10. 10.What information is worth writing down after a practice trade?