JBManagement

The JB Management Academy is a free educational section for traders of every level of experience. The material is organised into four consecutive courses: market mechanics, technical analysis, fundamental analysis, risk management and trading psychology. Access is open without registration and without opening an account.

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where to start

Never traded before

Take the courses in order

If you have never traded, take the courses in order: each one builds on the terms introduced in the previous one.

Start with course 1

Already have experience

Start with course 4

If you already have experience, start with the fourth course. Risk management explains why most trading accounts lose money even with reasonably good entry signals.

Start with course 4
programme

01Course 1

Forex and CFD market fundamentals. Nine lessons, around two hours. How the foreign exchange market works, who its participants are, what makes up the price, and what lot, margin, leverage and swap mean. Order types and execution mechanics.

  • Lot
  • Margin
  • Leverage
  • Swap
  • Order types
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02Course 2

Technical analysis. Eleven lessons, around three hours. Chart types, Japanese candlesticks, trends, levels, chart patterns, indicators and their limitations, multi-timeframe analysis.

  • Japanese candlesticks
  • Trend
  • Levels
  • Chart patterns
  • Indicators
  • Multi-timeframe analysis
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03Course 3

Fundamental analysis. Eight lessons, around two hours. Central bank rates, inflation, employment, business activity. How to read the economic calendar and why the market sometimes moves against good data.

  • Central bank rates
  • Inflation
  • Employment
  • Business activity
  • Economic calendar
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04Course 4

Risk management and trading psychology. Ten lessons, around three hours. Position sizing, the mathematics of drawdown, risk-to-reward ratio, the expectancy of a trading system, cognitive biases, the trading journal.

  • Position size
  • Drawdown
  • Risk/reward
  • System expectancy
  • Cognitive biases
  • Trading journal
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tools

Calculator

Position size calculator

Calculates the volume in lots from your deposit, acceptable risk and stop-loss size.

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Calculator

Margin calculator

Shows how much of your funds is locked up for a position.

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Calculator

Pip value calculator

For any pair and any account currency.

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Calculator

Swap calculator

The cost of holding a position overnight.

Open
Reference

Glossary

[N] terms with definitions and examples.

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Template

Trading journal template

A spreadsheet with ready-made formulas for calculating your statistics.

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expertise

Every lesson is signed by its author, with their position and professional experience stated. Material is reviewed before publication. The date of the last update is shown at the end of each lesson.

Academy material is educational in nature. It does not constitute personal investment advice and does not take into account the financial situation, objectives or experience of any individual. No method described guarantees a profit. Trading CFDs with leverage can result in the loss of all invested funds.