Course components

As mentioned in the introduction, the trading method at the basis of this course has been designed by a trader called FXGroup.

He originally published the publicly available subset of his course on ~1~, in Italian. Despite being a subset of his whole course, it’s plenty enough to teach how to read markets and price and how to become a long term profitable trader. Just learning this subset to perfection may take months.

The course on this website is a greatly streamlined version of FXGroup’s original publication and has been integrated with EvE^® Online elements.

EvE^® Online is a MMORPG video game featuring a SCI-FI background and is renowed for his realistic economy, so realistic that its markets obey to the same rules of the real security markets. Therefore this course gives the Reader an opportunity both to have fun, experiment with “virtual currency” (no risk) and even compose an University thesis about how EvE^® Online markets really are realistic!

The course is divided into several chapters:

1. Introduction, disclaimers, and foundations, introducing the course itself and providing a number of warnings for the perspective trader.

2. Market, price and trading basics, explaining how markets work, why this method works, the abbreviations that will be used through the course, the software that a trader (or an EvE^® Online trader) should get in order to learn how to trade at best.

3. The trading method, this is the core of the whole course, to be studied and practiced with great attention. Every detail is fundamental!

4. The trading log, showing possible examples of trading logs. Unlike other methods that only focus on profit, loss and statistics, this one focuses on understanding the market. Some times a picture is worth much more than a dry string of numbers!

5. Risk management, talking about some practices aimed at keeping the trader’s account healthy.

6. Account money management, explaining how to grow the account in a quicker way.

7. Trading psychology, a very important and often neglected element. Without the appropriate approach to trading, no fantastic trading method, no sound money management will prevent a trader’s nervous breakdown that will lead to disaster.

8. Credits and about going beyond this course, listing who has credit for what and how motivated traders may proceed forward with further specialization.

Go to Index | Prev: The Foundations Of Trading | Next: Market, price and trading basics

Definitioner

1 (OHLC)

Open, High, Low, Close (and sometimes Volume) data, is a finance industry standards format used to represent price evolution during a certain period of time (daily, weekly, hourly...). OHLC data are consumed by financial analysis applications and by charting software to represent price action.

1 (audit)

The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product.

1 (Meta game)

Meta gaming is a broad term usually used to define any strategy, action or method used in a game which transcends a prescribed ruleset, uses external factors to affect the game, or goes beyond the supposed limits or environment set by the game. Another definition refers to the game universe outside of the game itself.

1 (emergent)

Emergent gameplay refers to complex situations in video games, board games, or table top role-playing games that emerge from the interaction of relatively simple game mechanics.

1 (sandbox)

A sandbox game is a type of video game design where a player can roam freely through a virtual world and is given considerable freedom in choosing how or when to approach objectives. Sandbox emphasises a paradigm where, as in a physical sandbox, the user is entertained by his ability to do as they wish creatively and with there being "no right way" of playing the game

1 (discretionary)

A discretionary method is a trading method where little or no mechanical tools and procedures are used to decide the trades. A discretionary trader applies a solid ruleset basing on a flexible interpretation of the market

1 (PLEX)

A Pilot License Extension (PLEX) is an item that adds 30 days of game time to an EvE Online account. It is freely traded like any other in game item. CCP accepts to convert in game PLEXES to real money in case disasters and emergencies happen.

1 (NEISIN)

A New Eden Interstellar Securities Identification Number (NEISIN) uniquely identifies a security. While its structure is identical and strictly compliant with "real life" ISINs, NEISINs are tailored to New Eden investments and contracts.

Comments

vahrokh says
24 February 2012 at 18:52
@AuroLionAs you see I resumed writing the course. Hope you’ll enjoy it!
AureoLion says
20 July 2011 at 02:12
o/ VV. I’m a long time MD lurker, was starting to read your guide. Thanks for making up that, and for demostrating that my country isn’t filled entirely with idiots or underperformers. Looking forwards the actual parts of the guide – Sad to see you going from EvE / MD, farewell in whatever ventures you’re going to start.
vahrokh says
19 July 2011 at 11:11
Thank you, you are welcome!
Ludo Eames says
18 July 2011 at 15:46
Hi Vahrokh,I saw your EVE O post and decided to look at your website. Firstly thanks very much for pointing me in the correct direction, I’ve been playing EVE for three years and have yet to make good profit from the markets.Mostly I expect due to trying to PVP 🙂I’ve always looked at your threads with an large element of trust, as I did for a while with Machete Visors threads until getting burnt for over a billion isk. Lesson learnt I guess and this is what cemented my will to learn about market trading.So realy all I wanted to say was thanks, thanks for all your contributions and thanks for the time and effort you’ve put in.Best of luck in RL and I wish you every success.Very Kind RegardsLudo Eames.Aka. Tim.

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