The YAL Academy
The full syllabus.
Every lesson in the academy, in the order it was written to be read. Start at the top, or go straight to the module you need.
Trading involves risk. You could lose more than your deposit.
139 lessons across 10 modules, about 18 hours of reading, free, and nothing behind a sign-up
The curriculum
Every lesson, module by module.
The modules run in a fixed order and each one builds on the last. Lessons you have read are ticked in this browser.
Module 01
What you are actually trading
Foundation12 lessonsabout 85 min
0 of 12 read
- 01What a financial market is6 min
- 02What a CFD is9 min
- 03What you do not own with a CFD7 min
- 04What long and short mean6 min
- 05What a currency pair is7 min
- 06What an index CFD is6 min
- 07What commodities and metals are7 min
- 08What a shares CFD is7 min
- 09What an ETF CFD is7 min
- 10What a broker does and does not do8 min
- 11What a demo account is6 min
- 12How a trade works from start to finish9 min
Module 02
The trade ticket
Foundation14 lessonsabout 96 min
0 of 14 read
- 01How to read a price quote8 min
- 02What a pip is7 min
- 03What a lot is6 min
- 04How to calculate pip value8 min
- 05Contract size across the asset classes7 min
- 06What a market order is8 min
- 07What a limit order is6 min
- 08What a stop order is7 min
- 09What a stop limit order is8 min
- 10What a take profit order is6 min
- 11What a one cancels the other order is6 min
- 12How a position is modified and closed6 min
- 13Order types, side by side5 min
- 14What your orders do not protect you from8 min
Module 03
Margin and account mechanics
Foundation16 lessonsabout 118 min
0 of 16 read
- 01What margin is9 min
- 02What account balance is6 min
- 03What unrealised profit and loss is8 min
- 04What used margin is6 min
- 05What equity is5 min
- 06What free margin is5 min
- 07What margin level is6 min
- 08What a margin call is7 min
- 09What a stop out is7 min
- 10What leverage is9 min
- 11Offered leverage and effective leverage8 min
- 12How a margin requirement is calculated8 min
- 13Why a loss is harder to recover than it was to make8 min
- 14Worked scenario: a single position reaches close out10 min
- 15Worked scenario: two positions and a margin call9 min
- 16How margin differs across the asset classes7 min
Module 04
What a trade actually costs
Foundation10 lessonsabout 78 min
0 of 10 read
- 01What a spread is7 min
- 02What commission is7 min
- 03Spread only pricing and commission pricing8 min
- 04What a swap is10 min
- 05How financing differs across instruments7 min
- 06What slippage is7 min
- 07Conversion and your account currency7 min
- 08What a round turn actually costs10 min
- 09How cost moves your break even7 min
- 10How to compare trading costs honestly8 min
Module 05
The venue and your counterparty
Intermediate12 lessonsabout 103 min
0 of 12 read
- 01Who is actually in the market9 min
- 02Where a price comes from9 min
- 03What liquidity is8 min
- 04How liquidity is aggregated8 min
- 05What depth of market shows7 min
- 06How a CFD broker manages its risk10 min
- 07What an execution model means for you9 min
- 08How your order is routed8 min
- 09What execution quality actually measures9 min
- 10Where the infrastructure sits8 min
- 11What regulation covers and what it does not9 min
- 12What segregated client money means9 min
Module 06
When the market moves
Intermediate8 lessonsabout 60 min
0 of 8 read
Module 07
Reading the chart
Intermediate20 lessonsabout 161 min
0 of 20 read
- 01How to read a price chart9 min
- 02What a timeframe changes9 min
- 03Anatomy of a candlestick8 min
- 04Trends and ranges9 min
- 05Swing highs and swing lows7 min
- 06What support and resistance are10 min
- 07Trend lines and channels7 min
- 08Candlestick patterns and what they describe9 min
- 09Chart patterns and what they describe9 min
- 10What a moving average is8 min
- 11Leading and lagging indicators7 min
- 12What RSI is8 min
- 13What MACD is8 min
- 14What the stochastic oscillator is7 min
- 15What Bollinger Bands are8 min
- 16What ATR is7 min
- 17What ADX is7 min
- 18What the Ichimoku cloud is8 min
- 19Multiple timeframe analysis8 min
- 20What Elliott Wave and harmonic patterns claim8 min
Module 08
Macro and the calendar
Intermediate15 lessonsabout 133 min
0 of 15 read
- 01What macro means for a trader7 min
- 02What inflation is and why it moves markets8 min
- 03What interest rates do to a currency9 min
- 04What a central bank actually does9 min
- 05Hawkish and dovish language7 min
- 06The Federal Reserve13 min
- 07The ECB, the Bank of Japan and the People's Bank of China9 min
- 08The CBUAE and SAMA9 min
- 09How to read the economic calendar14 min
- 10Expectations against actual7 min
- 11Revisions and why the first print is not the truth7 min
- 12Volatility around events is a risk topic first8 min
- 13Oil as a regional macro driver9 min
- 14What a currency peg does8 min
- 15What market sentiment and positioning describe9 min
Module 09
Risk, plan and practice
Advanced20 lessonsabout 177 min
0 of 20 read
- 01What risk management actually is7 min
- 02What risk per trade describes10 min
- 03How position size follows from stop distance10 min
- 04Volatility adjusted position sizing8 min
- 05What portfolio heat is7 min
- 06Daily and weekly loss limits7 min
- 07What reward to risk describes8 min
- 08What expectancy describes7 min
- 09Where a stop sits on the chart13 min
- 10Volatility based stop placement11 min
- 11Why stops get hit8 min
- 12Standard stops and guaranteed stops7 min
- 13How scaling out of a position works8 min
- 14Adding to a losing position, as a risk topic8 min
- 15What the trading styles demand9 min
- 16What goes in a trading plan10 min
- 17How a trading system is tested9 min
- 18The limits of testing on history8 min
- 19How a trading journal is kept8 min
- 20The behavioural failure modes14 min
Module 10
Staying safe and your rights
Foundation12 lessonsabout 92 min
0 of 12 read
- 01How to verify a licensed firm9 min
- 02What regulation protects and what it does not9 min
- 03How a trading scam is structured8 min
- 04Signal sellers and third party calls7 min
- 05Trading robots and automated systems7 min
- 06Managed accounts and third party access7 min
- 07Performance claims on social media7 min
- 08What a proprietary trading firm arrangement is10 min
- 09Your statements and your records6 min
- 10How a complaint is raised7 min
- 11Why tax is a question for your own jurisdiction7 min
- 12What going live responsibly means8 min
Get started
Open your account in four steps.
A clear path from sign-up to your first trade, in four steps.
No depositNo documents
01/ 04step 1 of 4
Register
A few details to get started.
No deposit to open
02/ 04step 2 of 4
Verify
Confirm your identity, securely.
ID and proof of address
03/ 04step 3 of 4
Fund
Add money by bank transfer or card.
From $0
04/ 04step 4 of 4
Trade
Go live on the platform you already know.
MetaTrader 5
