Smartphones are now an essential tool for anyone who is serious about trading. They have the ability to keep you in the action, so that you’re never more than a…
Interested in studying financial trading?
Short Description: The German stock index, representing 30 of the largest German companies that trade on the Frankfurt Exchange. It...
Brief Description: A commodity is any physical product whose prices are subject to supply and demand. A commodity is...
Brief Description: Also known as a spot market, cash markets are different to futures contracts, as commodities are traded...
Brief Description: Another name for the GBP – USD exchange. Around half a trillion dollars is traded between the two...
The ask price is the level at which a seller is willing to accept a bid on a security....
Summary: Backwardation occurs when a bid price exceeds the ask price. This usually occurs when stock is suspended or...
Summary: The yield is the income return from an investment. This can refer to the final pay out from...
Part I of our Beginning to Trade course is free and once registered you’ll be able to access it indefinitely. Depending on the package you select our paid for courses are accessible and need to be completed in a fixed period of time as indicated on the course comparison page. This ranges from 6 months to 1 year.
First of all you can complete part II of the beginning to trade course. After that is the Technical Trading course, where we’ll go through how to analyse the markets. Finally the Strategic Trading course will help you with money management, trading psychology and selecting a strategy that works for you.
Sound theory is important but its not the be-all-and-end-all of learning something, especially trading. You wouldn't just learn the piano by watching someone, you need to practice to develop the skill yourself. But you can practice badly. Purposeful practice is when the practice has been designed to push you slightly outside your comfort zone. Think of it like this: practice will give you experience, purposeful practice will give you expertise.
As you take a course you will need to practise, the more you do the more you'll learn. We offer two types of practice as you progress: tasks and assignments. Both involve a practical challenge being set which has been designed to help you learn what you've just been taught. Assignments involve you submitting your recorded work for review and feedback, tasks involve a pre-recorded solution but no feedback.
No but it helps. Our courses build on each other and are part of a wider trading programme. However, students can enter at a level that suits them. We recommend students take the courses in the order they appear on the course roadmap and dashboard.
On your 'My Course Dashboard' you can select the course of your choice. Once selected and paid for you will have immediate access.
This is where students submit and receive feedback on assignments. It can be accessed from the left hand menu when students are logged in.
Our students help us break up the learning and ask the questions that typical students ask as they take the course. In our videos the students are actors.
We have two types of tests. Knowledge checks are short, periodic and normally come at the end of modules. The purpose of these is for the student to check their understanding of the subject matter of the module they’ve just studied. Knowledge checks are not mandatory, can be retaken an unlimited number of times and do not count towards the end of course certificate. End of course tests are longer and students passing the tests are awarded a certificate of achievement. End of course tests can be taken a maximum of three times and have a pass threshold of 70%.
It is not a requirement to open an account with a broker before you start studying but as you progress through the courses it will be helpful to at least have a demo (practice) account with an online broker as this will assist you with your practice. Our recommended broker is Core Spreads and a special offer for MYTS students can be found here.
Explore the Resources section of the website as this contains a wealth of tools and information that will help you as you study. You will also find an extensive dictionary of terms used in the trading industry in the 'Trading Basics' section, this can also be found in the 'Resources Section'.
Yes, the most recent version of Chrome but the courses can be taken in the most recent versions of Safari, Firefox and IE.
Students do not need to download any software to view the videos and progress through our courses. When recording an assignment students might need to install a screen recording or screen grab software.
No, access to the courses on a mobile device is through the phone’s browser.
A financial market is where market participants come together to trade financial instruments.
Financial instruments can be either a cash instrument which has its price determined by the market or a derivative instrument whose price is determined by another asset and not the derivative contract itself. They are legally binding contracts and they can be split into four asset classes: equities, foreign exchange commodities & debt.
Margin trading allows a trader to have a greater position size in the market, effectively the trader is borrowing money from their broker, Margin trading involves using financial leverage to increase gains.
When margin trading; traders are effectively borrowing money from the broker. This gives a trader greater exposure to the market. This is called leverage.
Equities are also referred to as stocks and shares. All public companies have a quoted share price, this is the cost to buy one share. If you own shares and the price of the share goes up, when you sell the shares, you will make a profit.
Brokers offer different services and it is important to understand what they are. Some brokers offer an advisory service but a large majority are execution-only. They are a trader's entry point to the financial markets.
There are three popular types of margin trading: CFD trading, spread betting and margined forex trading. Although these products have their similarities, they do have slight differences. All three types of margin trading are readily available online through a broker.