Unit 03 · 40 minutes
Charts, Platforms, Orders and Execution
Learn to read a chart, choose an order, manage a position and avoid common execution errors.
By the end, you can
- ✓Choose an appropriate order type
- ✓Explain bid, ask and slippage
- ✓Use stops and targets as planned exits
What a chart shows
A chart organizes past quoted prices by time. Candles show open, high, low and close for one interval. Changing timeframe changes the amount of information in each candle, not the underlying market.
Order types
A market order requests execution now. A limit seeks a better price; a stop activates after price reaches a trigger. Stop-loss and take-profit orders automate exits but can fill differently during fast or illiquid conditions.
From click to fill
The screen shows a quote, not a promise. Spread, latency, available liquidity and volatility can change the executed price. Slippage can help or hurt and should be included in testing.
Managing an open trade
Before entry, define the invalidation point, target logic and size. After entry, changes should follow written rules rather than fear or hope. Reducing, closing and moving a stop are new decisions that need reasons.
Execution safety
Confirm symbol, direction, volume and account before submitting. Fat-finger size, reversed direction and trading the wrong account are preventable operational errors—not strategy losses.
Practice room
Turn the idea into a decision
These are fictional learning scenarios. They do not place trades or use real money.
Finish this unit
Pass each required activity, then save the current lesson version to your record.
Public lesson Q&A
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