Indices

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 index markets work
What an index is and what it is not - a calculation, not a tradeable thing. Who trades indices, cash versus derivative venues, and the daily rhythm around the open and close. The wrappers that make an index tradeable come in module 3; composition and rebalancing mechanics live in module 8.
9 lessons, about 56 minutes
Module 2
Reading index markets
Index quotes and points, gaps at the cash open, futures trading while cash sleeps, and volume's different meaning when the instrument is a wrapper. Reading only - what drives the moves is module 5.
9 lessons, about 57 minutes
Module 3
What trading indices costs
The wrapper decides the cost: cash CFDs and their overnight financing, futures and their spreads, and why the same index costs differently by vehicle. Full futures roll mechanics belong to the futures track, not here.
9 lessons, about 60 minutes
Module 4
Managing index risk
Sizing in points and per-point value, overnight gap risk that stops cannot fully cover, and leverage on instruments that move fast around opens. Index positions correlate hard - treat US indices as one exposure until proven otherwise.
9 lessons, about 62 minutes
Module 5
Index analysis foundations
What moves an index: earnings in aggregate, rates, and the handful of megacaps that dominate weightings. Technical structure on index charts. Single-stock analysis is the equities track's job; composition maths is module 8.
9 lessons, about 62 minutes
Module 6
Building an index strategy
Rules, testing and expectancy applied to index behaviour - session tendencies, gap statistics, mean reversion versus trend by regime. Teaches evaluation of ideas, never a supplied system.
0 of 9 · membership
Module 7
Index process and review
Journalling wrapper, session and setup; reviewing gap trades separately from intraday ones; and recognising when index correlation makes a diversified-looking journal an illusion.
0 of 9 · membership
Module 8
Index specialist topics
Composition and rebalancing, cash-futures basis, and the wrappers compared properly - cash CFD, future, ETF - with what each costs and tracks. The depth modules 1 and 3 deliberately deferred.
0 of 9 · membership