Commodities

Eight modules in a fixed order. Each one assumes only what came before it - start at module 1 unless you know exactly what you skipped.

Module 1
How commodity markets work
Physical goods traded through paper: producers, consumers and speculators, and why storage and delivery shape prices even for traders who will never take delivery. The retail wrappers appear in module 3; term structure earns its own treatment in module 8.
9 lessons, about 58 minutes
Module 2
Reading commodity markets
Quotes per barrel, ounce and bushel, contract months on the same chart, and seasonality in both price and liquidity. Reading a futures curve without yet trading it.
9 lessons, about 59 minutes
Module 3
What trading commodities costs
Spreads by contract and month, CFD financing against futures margin, and the roll cost that quietly compounds in contango. Metals specifics - lot sizes and tick values for gold and silver - worked through with the platform's tools.
9 lessons, about 56 minutes
Module 4
Managing commodity risk
Sizing in ticks and contract units, gap risk around inventory reports and supply shocks, and correlation clusters - energy moves together, metals mostly do. Stops sized to the instrument's actual range, not a round number.
9 lessons, about 59 minutes
Module 5
Commodity analysis foundations
Supply, demand and inventories: the report calendar that moves each market, with technical structure where fundamentals are slow. Deep term-structure and seasonality analysis is module 8.
9 lessons, about 59 minutes
Module 6
Building a commodity strategy
Rules and honest testing across markets with different personalities - trend-prone energy, range-prone metals. Expectancy including roll and financing. Evaluation only, never a call.
0 of 9 · membership
Module 7
Commodity process and review
Journalling by market and by month traded, separating roll effects from trade decisions in the record, and reviewing around the report calendar rather than the calendar month.
0 of 9 · membership
Module 8
Commodity specialist topics
Term structure properly - contango, backwardation and what each pays or costs - storage economics, seasonality patterns and the roll in detail. Everything earlier modules pointed at.
0 of 9 · membership