Leon Mercer Academy
LEVEL 01

WELCOME TO MERCER

The basics: what a market is, where a result comes from, and where to start.

  1. 001What Leon Mercer Academy is
  2. 002How to work through the course
  3. 003How the level system works
  4. 004What trading is, in plain words
  5. 005Trading vs investing
  6. 006Where profit and loss come from
  7. 007Why price keeps changing
  8. 008What to know before a first trade
  9. 009The common beginner mistakes
  10. 010Demo or Real — where to start

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?