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This chapter is the first stop of the entire knowledge base: first learn what markets look like, then the vocabulary, th
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01 · Financial Market Overview
Next lesson · 01 · Getting Started
This chapter is the first stop of the entire knowledge base: first learn what markets look like, then the vocabulary, then how to read charts. Once you finish it, you should be able to open any market terminal and understand 80% of what is on screen — and know how to place orders, manage positions, and complete your first trade.
A bird's-eye view of the four major markets — stocks, spot commodities, futures, and crypto: each market's role, who trades there, how the mechanics differ (one comparison table covering T+0/T+1, leverage, price limits, and other hard rules), and how markets influence one another. The goal is to build a "market map" and understand how money flows between markets.
Every high-frequency term you will meet on a market terminal or trading interface, explained in one pass: long/short, leverage, margin, liquidation, liquidity, spread, slippage, market/limit orders, stop-loss and take-profit — plus how to compute P&L and liquidation prices precisely with real numbers. This is the vocabulary foundation for every later chapter (especially Futures and Perpetuals); we recommend working through each term against a live terminal.
Learn to read the most fundamental language — charts: what each part of a single candlestick means, how to pick timeframes, how to combine multiple timeframes, how MA/EMA moving averages are calculated, how to read the volume sub-panel, and finally a comparison of common chart types (candlestick/line/Renko and more). Finish this and you can start reading markets hands-on in Kline Buty.
One table that explains the whole market's schedule: pre-market and after-hours sessions plus DST for A-shares/HK/US equities, the three-session day and night-session tiers of Chinese futures, global trading hours for gold/silver/crude (LBMA, COMEX, NYMEX, Brent, SGE T+D), and round-the-clock forex and crypto. Includes a key data-release calendar (NFP/CPI/EIA/FOMC) and a "volatility window map" — when to watch the market and when not to touch your positions, at a glance.
Market orders, limit orders, stop orders, stop-limit orders, trailing stops, OCO — the trigger logic, use cases, and risks of every order type. Plus order-book matching mechanics, partial fills and slippage calculation, and Maker/Taker fee differences. Finish this and you will know which order to use and when.
The math that keeps you alive: per-trade risk sizing, the Kelly formula and half-Kelly, fixed-fractional sizing, volatility-adjusted sizing, pyramiding vs. inverted pyramids, and maximum drawdown control rules. Includes the asymmetric drawdown/recovery table, losing-streak simulations, and a practical checklist. Direction calls can be wrong many times; a few position-sizing mistakes and you are out.
The complete zero-to-one walkthrough: choosing a platform, KYC registration, deposit method comparison, the four zones of a trading interface, the full flow of your first limit order, take-profit and stop-loss setup, and a checklist of the seven most common beginner mistakes. After the first six articles, this one ties them into a single thread.
① Financial Market Overview (know which markets exist and how the rules are set)
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② Trading Core Concepts (learn the vocabulary; compute P&L and liquidation prices)
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③ Candlestick & Chart Basics (learn to read charts and operate a market terminal)
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④ Trading Hours Overview (know what to watch in each session; avoid overnight/gap traps)
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⑤ Order Types & Execution (know when to use market, limit, stop, and OCO orders)
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⑥ Position & Money Management (learn sizing, control drawdown, stay alive)
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⑦ Your First Trade (the complete hands-on path from account setup to order placement)
入门基础 · 随堂测
3 concept questions · instant grading
A panoramic overview of the four major financial markets — stocks, spot commodities, futures, and crypto — their roles, participants, rule differences, and cross-market linkages
A dictionary of trading terms — leverage, margin, liquidation, order book, slippage, market orders, limit orders; each with a plain-language explanation, a one-line example, and a worked calculation
Candlestick and chart fundamentals — the four elements of a single candle, timeframe selection, moving-average usage, volume confirmation, and chart type differences; enough to start reading charts right away
A panorama of trading hours across markets — prime sessions, night sessions, holiday rules, and daylight-saving shifts for A-shares, HK stocks, US stocks, Japanese stocks, futures, and forex
Trigger logic for market, limit, stop-market, stop-limit, and OCO orders, the causes of slippage, and handling partial fills, with an illustrated order book depth walkthrough
Per-trade risk exposure calculation, the Kelly formula, fixed-fraction methods, equity curve drawdown control, and liquidation prevention, with an illustrated position allocation breakdown
A complete hands-on walkthrough of a beginner's first crypto trade — choosing a platform, registering and depositing, reading the trading screen, placing your first order, setting take-profit and stop-loss, and a checklist of common beginner mistakes
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02 · Spot
Spot is the simplest form of trading: cash for goods, hand to hand — no leverage, no delivery, no forced liquidation.