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Routes through the courseThe fourteen lessons that get you from never having opened a chart to placing a sized trade on a demo account.

From zero in two weeks

Lessons on this route

14 lessons

  1. 1 · Lesson 1.1

    What happens when you press Buy

    An order leaves your platform, gets filled at a price, becomes an open position, and ends when you close it. Four steps, and every cost attaches to one of them.

  2. 2 · Lesson 1.2

    Pairs and quotes: what 1.0850 means

    A quote is the price of the first currency in the second. The number you see moves in the last decimal place, and that place has a money value.

  3. 3 · Lesson 1.3

    What a pip is worth in money

    A pip is the smallest standard price step. What it is worth depends on lot size and the pair, so the same twenty-pip move pays differently on different trades.

  4. 4 · Lesson 1.4

    Lots: standard, mini and micro

    A lot is how much of the instrument one trade controls. Standard is 100,000 units, mini is a tenth of that, micro a hundredth.

  5. 5 · Lesson 1.5

    The three costs: spread, commission, swap

    You pay the spread on entry, commission on some account types, and swap for every night a position stays open. All three are known before you trade.

  6. 6 · Lesson 1.7

    Leverage and margin: how much of the trade is yours

    Leverage sets how large a position your deposit can hold. Margin is the part of your money locked against it while the trade is open.

  7. 7 · Lesson 1.8

    Order types: market, limit, stop

    A market order takes the current price. A limit waits for a better one. A stop triggers once price reaches a worse one.

  8. 8 · Lesson 1.9

    Stop loss and take profit

    Two instructions you attach to a position: one closes it at a loss you chose in advance, the other at a profit you chose in advance.

  9. 9 · Lesson 1.10

    MT4, MT5 and cTrader: which to pick

    The three platforms differ in instruments, order handling and how they report costs. The choice is reversible; the account type behind it is less so.

  10. 10 · Lesson 1.12

    Demo accounts: what they teach and where they lie

    A demo teaches the platform and the arithmetic honestly. It cannot teach fills in a fast market, and it cannot teach how losing real money feels.

  11. 11 · Lesson 1.14

    Opening an account and passing verification

    What documents a regulated broker has to ask for, why it has to ask, and the checks that hold an application up.

  12. 12 · Lesson 1.15

    Deposits and withdrawals with local methods

    Which local payment methods reach a broker, how long each leg takes, and why a withdrawal usually has to go back the way the deposit came.

  13. 13 · Lesson 3.1

    Risk per trade: the 1-2% rule

    Deciding the money you can lose on one trade before deciding anything else. Everything downstream — size, stop, target — follows from that number.

  14. 14 · Lesson 3.2

    Working out position size

    Risk in money, divided by the stop distance in pips, divided by pip value. Three numbers you already have, in that order.

Who this route is for and what they need before starting

This route is for someone who has never opened a price chart. It assumes no knowledge of markets, no account, and no money at risk. The fourteen lessons are ordered so that each one answers a question the previous lesson creates. You will not jump between unrelated topics. The goal is not to trade live money by the end. The goal is to place one sized trade on a demo account, with the arithmetic checked by hand.

Before lesson one, have three things ready. A notebook or a plain text file for your own numbers. A calculator, because mental arithmetic hides mistakes. A quiet hour, twice a week, for two weeks. You do not need a funded account, a broker, or a smartphone app. You do need to be willing to write down a number and then check it against the lesson.

The instrument used throughout is USD/ZAR, quoted around 18.4100. That price means one United States dollar costs about eighteen rand and forty-one cents. All examples use rand, written R, because that is the money in your bank account. The regulator named in the course is the FSCA. Local deposits and withdrawals use EFT, instant EFT and bank cards. Those methods vary in speed and cost between brokers, so the course says they vary rather than giving one figure.

Why the lessons are in this order and what each block unlocks

The first four lessons build a single skill: reading a price and turning it into money. You start with what happens when you press Buy, because that button is the moment a quote becomes a contract. Then pairs and quotes, so 1.0850 or 18.4100 stops looking like a random string. Then the pip, then lots. A pip is a unit of price movement. A lot is a unit of size. Without both, you cannot say what a move costs you. The order matters because a pip value is meaningless until you know the lot size.

The next four lessons cover costs, leverage, orders and exits. The three costs are spread, commission and swap. They are deducted whether the trade wins or loses, so they come before any strategy. Leverage and margin explain how much of the trade is your money and how much is borrowed. Order types then let you choose when to enter. Stop loss and take profit let you choose when to leave. A reader who skips costs will misjudge every later calculation.

The final six lessons move from theory to a working demo. You compare MT4, MT5 and cTrader, then open a demo and learn where it lies. A demo fills orders in conditions that differ from a live account, so it teaches mechanics but not real slippage. Then account opening and verification, then deposits and withdrawals with local methods. The last two lessons are risk per trade and position size. They come last because position size needs the pip value, the lot size, the stop distance and the risk limit. Finish the route and you can place one demo trade with a stop, a target and a size you calculated yourself.

What finishing the route actually gets you and the mistakes to avoid

Finishing does not mean you can make money. It means you can open a chart, read a quote, state the pip value in rand, choose a lot size, place a market or limit order with a stop and a target, and write down the risk in rand before you click. That is a complete mechanical loop. It is the same loop a live trade uses. The difference is that a demo account does not test your reaction to losing real money. The course says this plainly rather than implying the demo is a rehearsal for profit.

The most common mistake is starting with position size. People pick a lot because it feels normal, then look for a stop that fits. That reverses the arithmetic. Risk per trade comes first, as a rand amount or a small percentage of the account. The stop distance comes from the chart. Position size is the last number you calculate, not the first. Another mistake is treating leverage as free money. Leverage increases the size of the trade and the size of the loss in the same proportion.

A third mistake is skipping verification and deposit methods until the end. In South Africa, EFT, instant EFT and bank cards are common, but processing times and fees differ by broker and by method. If you leave that lesson until you want to withdraw, you will be reading terms in a hurry. A fourth mistake is comparing platforms before you understand orders. MT4, MT5 and cTrader differ in interface and available instruments, but the order types are the same concepts. Learn the concepts first, then pick a platform. Do not open a live account during this route.

Doing it once, step by step

Work through the fourteen lessons in the order given, doing the written exercise at the end of each one before moving on. The steps below describe how to run the two weeks so that the final demo trade is sized by your own arithmetic, not by guesswork.

  1. 01

    Set up your two-week schedule

    Block two sessions of about an hour each week. Use the first session for the lesson and the second for the exercise. Keep the same notebook for every number. If you miss a session, repeat the previous lesson rather than skipping ahead. The route has fourteen lessons, so two per session across seven sessions finishes in two weeks.

  2. 02

    Complete the price and size block first

    Do the lessons on Buy, pairs and quotes, pips, and lots before anything else. For each one, write the USD/ZAR quote, the pip value in rand, and the lot size you are assuming. Check that the pip value recomputes from the numbers beside it. Do not move on until you can do this without looking at the lesson.

  3. 03

    Add costs, leverage, orders and exits

    Work through spread, commission, swap, leverage and margin, order types, and stop loss and take profit. For one hypothetical USD/ZAR trade, write the spread cost, any commission, and the swap for one night. Then write the stop distance and the target distance in pips. This block turns a price view into a trade plan with known costs.

  4. 04

    Choose a platform and open a demo

    Compare MT4, MT5 and cTrader on interface and instruments, then open one demo account. Place three orders: a market order, a limit order and a stop order. Close each one and note the fill price against the price you requested. This is where you see that a demo fill is not always the same as a live fill.

  5. 05

    Open and verify a live account without funding it

    Go through the account opening and verification lesson using the FSCA-regulated broker you selected. Submit the identity and address documents and wait for approval. Read the deposit and withdrawal page for EFT, instant EFT and bank cards, and note the times and fees, which vary between brokers. Do not deposit money yet.

  6. 06

    Calculate risk and place the sized demo trade

    Decide a risk per trade using the 1-2% rule, or a fixed rand amount you can afford to lose. Take the stop distance from your chart and the pip value from your earlier work. Calculate position size last. Place that trade on the demo account with a stop loss and a take profit. Write down the rand risk before you click, then compare it with the result.

Questions that come up next

Can I finish this route in two weeks if I have a full-time job?

Yes, if you keep to the schedule the page sets out: a quiet hour, twice a week, for two weeks. That is fourteen lessons spread over roughly four sittings, so each sitting covers three or four lessons. The work is reading, writing numbers in your notebook and checking them with a calculator. If a week is busy, the order still holds, so you can stretch the route rather than skip a block.

What if I cannot open a demo account before I start?

You do not need one for the first eight lessons. Those lessons only need a calculator, a notebook and the USD/ZAR quote around 18.4100. The demo becomes necessary at the point where you compare platforms and place a trade. Opening one usually needs an email address and some basic details, and the process varies between brokers.

Do I need to deposit money to follow this route?

No. The route ends with one sized trade on a demo account, using simulated money. Deposits and withdrawals appear as a lesson because you need to understand EFT, instant EFT and bank cards before you ever fund a live account. The costs and speeds of those methods vary between brokers, so no single figure applies.

Why does the route start with the Buy button instead of charts?

Because pressing Buy is the moment a quote turns into a contract with a size, a cost and a risk. Starting there gives every later lesson something concrete to attach to. Charts, indicators and patterns come later, if at all. A reader who understands the mechanics of one order can read any chart without being misled by it.

How do I know my position size is right when I finish?

You check it by hand. Take the risk you allowed, divide by the distance to your stop loss in pips, and confirm the lot size matches. The route builds this from the pip and lot lessons upward, so the final calculation is a repeat of earlier steps rather than a new formula. If the number does not match your own written working, the mistake is in the arithmetic, not in the market.

Does finishing this route mean I am ready to trade live money?

No, and the page does not claim that. The route ends with one sized trade on a demo account and the arithmetic checked by hand. Live trading adds real costs, real slippage and real emotion, none of which a demo reproduces. Treat the route as the point where you can read a quote and size a trade, not as a qualification.

The words used on this page

Pip
A pip is the smallest standard step in a quoted price. For USD/ZAR around 18.4100, one pip is a move in the fourth decimal place. Pip values only become money once you know the lot size.
Lot
A lot is a unit of trade size. Standard, mini and micro lots differ by a fixed factor, so the same price move costs different amounts depending on which one you use. The route teaches lots before any cost or risk lesson for that reason.
Spread
The spread is the gap between the price you can buy at and the price you can sell at. It is one of the three costs, alongside commission and swap. It is charged when you open the trade, whether the trade later wins or loses.
Leverage
Leverage lets you control a position larger than the money you put down. The money you put down is your margin. Leverage increases both the size of a gain and the size of a loss, so the route covers it before order types.
Stop loss
A stop loss is an order that closes your trade at a chosen price to limit the loss. It is set before or when you enter, not after the market moves against you. The route pairs it with take profit so both exits are decided in advance.
Demo account
A demo account uses simulated money on real prices. It teaches platform mechanics, order placement and position sizing. It does not reproduce the costs and pressure of live trading, so the route says where it lies.

What to take away

  • The route is fourteen lessons in one fixed order, ending with one sized demo trade and the arithmetic checked by hand.
  • Have a notebook, a calculator and two quiet hours a week before lesson one; no funded account is needed.
  • Each block unlocks the next: price and size, then costs and exits, then platform, demo and local funding.
  • The common mistake is skipping the pip and lot lessons, which makes every later number unverifiable.
The fourteen lessons that get you from never having opened a chart to placing a sized trade on a demo account.Nalediyour course guide