Course · 15 lessons
Trading basics in the MyFundedCapital Terminal
Fifteen short lessons on the trading basics you need before your first funded trade: order types, reading a chart, a few well-known indicators, and where a stop belongs. Every lesson ends in the MyFundedCapital Terminal, with your daily and overall loss limits in dollars.
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You will learn
- Choose Market, Limit or Stop orders and set a stop loss with intent
- Read candles, trend, levels, MA, RSI, MACD and ATR on any timeframe
- Size every trade from your stop and check it against both loss limits
Lessons
- 1Beginner4 minWhat is the difference between market, limit and stop orders?A market order fills now at the current price, a limit order waits for a better price, and a stop order waits for price to move through a level before it enters. A stop limit order is a stop that fills only up to a price you choose.
- 2Beginner3 minInteractiveHow do you read a price chart?A price chart plots price on the vertical axis and time on the horizontal one, and each candle shows the open, high, low and close of one period. Start on a higher timeframe for direction, then move down to plan the entry.
- 3Beginner3 minInteractiveWhich candlestick patterns should a beginner know?Start with five: the doji, the hammer, the shooting star, and the bullish and bearish engulfing candles. Each shows who controlled a period, and each matters only at a level you marked in advance.
- 4Essential3 minInteractiveWhat are support and resistance levels?Support is a price zone where falls have stopped before; resistance is a zone where rises have stopped. Treat them as zones rather than exact lines, and place your stop beyond the zone, not on it.
- 5Essential3 minInteractiveHow do you identify a trend in trading?An uptrend makes higher highs and higher lows; a downtrend makes lower highs and lower lows. Confirm it on a higher timeframe and with a moving average, then trade in its direction on a lower one.
- 6Essential3 minInteractiveWhat are moving averages and how do you use them?A moving average is the average closing price of the last N candles, drawn as a line on the chart. The simple moving average (SMA) weights every candle equally; the exponential one (EMA) weights recent candles more, so it turns faster.
- 7Essential3 minInteractiveWhat is the RSI indicator and how do you read it?RSI (Relative Strength Index) compares the size of recent gains with recent losses on a scale from 0 to 100. Readings above 70 are called overbought and below 30 oversold, but in a strong trend RSI can stay there for a long time.
- 8Intermediate3 minInteractiveWhat is the MACD indicator and how does it work?MACD is the 12-period EMA minus the 26-period EMA, with a 9-period EMA of that line as the signal line and a histogram showing the gap between them. It shows trend direction and changes in momentum, with some lag.
- 9Intermediate3 minInteractiveHow do you use the ATR indicator to set a stop loss?ATR (Average True Range) shows the average size of a candle over the last 14 periods, in price. Put the stop beyond structure plus a buffer of a fraction of ATR, then size the trade so that distance costs only your planned risk.
- 10Intermediate3 minHow do you confirm a trading signal before you enter?Look for confluence: a trend on the higher timeframe, a level you marked earlier and a trigger such as a closed candle pattern, with momentum agreeing. Then check the calendar and the ticket before you send the order.
- 11Essential3 minInteractiveWhat is the risk-reward ratio in trading?The risk-reward ratio compares what you lose if the stop hits with what you make if the take profit hits. At 1:2 you risk $50 to make $100, so you can lose more trades than you win and still break even, before costs.
- 12Essential3 minInteractiveWhere should you place a stop loss?Place the stop where your trade idea is proven wrong: beyond the swing high or low or the support or resistance zone, plus a buffer for normal noise such as a fraction of ATR. Then size the position so that distance costs only your planned risk.
- 13Essential3 minInteractiveHow do you size a position in the MyFundedCapital Terminal?Decide your risk in dollars, measure the stop distance and divide: lots = risk ÷ (stop in pips × pip value per lot). In the Terminal, switch the ticket to Risk % and it sizes the volume from your stop for you.
- 14Essential3 minWhat should you record in a trading journal for every trade?Record the setup, the reason, entry, stop, take profit, risk in dollars and the result in R, plus one line on whether you followed your plan. A chart snapshot before and after makes the review honest.
- 15Beginner3 minInteractiveHow do you place your first trade step by step?Practise the whole flow in the free demo first: check the Calendar, mark your level, choose the order type, set the stop and take profit, size with Risk %, and read the “If the stop loss hits” box. On your account the same ticket then sends the order.
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Trading basics in the MyFundedCapital Terminal checklist
Rules as of 17 Oct 2026. Tick each line before your next session.
1. What is the difference between market, limit and stop orders?
- A market order buys at the ask and sells at the bid, so you pay the spread the moment you enter.
- A limit waits for a better price; a stop waits for price to prove a move. Neither is sure to fill.
- Add a stop loss before you send any order; the ticket shows what it costs against both loss limits.
2. How do you read a price chart?
- Each candle is one period: its body runs from open to close, its wicks to the high and low.
- Read top-down: direction on 1D or 4h, structure on 1h, entry on 15m or lower.
- Your planned stop shows on the chart as a line, so you see the risk before you send.
3. Which candlestick patterns should a beginner know?
- Body = open to close, wicks = the extremes. Long wicks show where price was rejected.
- A pattern counts only after its candle closes, and only at a level you marked earlier.
- Put the stop beyond the pattern’s wick and size the trade from that distance.
4. What are support and resistance levels?
- Mark levels on 1D and 4h first; they carry more weight than levels found on 1m.
- A broken resistance often turns into support on the retest, and the other way round.
- Stops go beyond the zone with a buffer; a stop on the line is where many others sit too.
5. How do you identify a trend in trading?
- Structure first: higher highs and higher lows up, lower highs and lower lows down.
- The higher timeframe sets the direction; the lower one only times the entry.
- A break of the last higher low puts an uptrend in question; it does not prove a reversal.
6. What are moving averages and how do you use them?
- The period counts candles, not days: a 50 EMA on 1h averages the last 50 hourly closes.
- Use the slope for direction and the line as a zone in pullbacks, not as a precise signal.
- Moving averages lag. Your stop still goes beyond structure, never just past the line.
7. What is the RSI indicator and how do you read it?
- RSI measures momentum, not value. “Overbought” is not a sell signal by itself.
- In an uptrend RSI tends to hold above the middle; in a downtrend below it.
- Use RSI to confirm a setup at a level in the trend direction, never alone.
8. What is the MACD indicator and how does it work?
- Above zero, the faster average is above the slower one: the trend leans up. Below zero, down.
- A shrinking histogram warns that momentum is fading before a crossover appears.
- MACD is built from moving averages, so it confirms; it does not predict.
9. How do you use the ATR indicator to set a stop loss?
- ATR measures how far price usually moves per candle. It says nothing about direction.
- A stop tighter than one normal candle is often hit by noise, not by a failed idea.
- When ATR rises, the stop widens and the volume shrinks. The dollars at risk stay the same.
10. How do you confirm a trading signal before you enter?
- A signal needs context, location and a trigger. One of the three alone is a guess.
- Use one tool per job; three oscillators agreeing are one opinion, not three.
- Expert advisors and trading bots are allowed only by agreement: write to support first.
11. What is the risk-reward ratio in trading?
- R:R = distance to the stop : distance to the take profit. Both come from the chart.
- At 1:2 about one winner in three breaks even before costs; at 1:1 you need one in two.
- Set the target at the next level. A ratio you want is not a ratio the chart offers.
12. Where should you place a stop loss?
- The chart sets the stop’s place; your risk per trade sets the size. Never the other way round.
- Every order should carry a stop; the ticket warns when the loss is not limited.
- Move a stop only in your favour, and only for a reason on the chart.
13. How do you size a position in the MyFundedCapital Terminal?
- Size from the stop and a fixed risk; the volume is the result, not the starting point.
- Risk % mode sizes from a share of equity and shows Risk at SL before you send.
- Fit to limits is a ceiling. Your own risk per trade is usually far below it.
14. What should you record in a trading journal for every trade?
- Write the reason before you enter; reasons written afterwards tend to fit the result.
- Measure results in R, so trades of different sizes and markets compare fairly.
- Review once a week on a day you are not trading, and change one thing at a time.
15. How do you place your first trade step by step?
- Rehearse in the free demo: live prices and the real rules, no sign-up, orders switched off.
- Plan on the chart first; open the ticket only when entry, stop and target are clear.
- Read Risk at SL and the daily and overall limits before and after, then send.
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Next step
Practise on live prices before you buy
Open the free MyFundedCapital Terminal demo with live prices and the real rules; it needs no sign-up.
