What Is Roll Yield? Formula and Contango Cost Examples
Roll yield is the gain or loss from rolling futures into the next contract. Learn the formula, why contango drags returns, and how futures…
Knowledge Base · 21 articles
Futures & Forex
Learn futures and forex fundamentals: contract specs, leverage, margin, pips and lots, rollover costs, sessions and risk management.
Overnight and Weekend Gap Risk in Futures: Sizing and Stops
Futures can gap past your stop overnight and over weekends. Learn when futures trade, how gaps turn 1R into 3R, how to size for…
Trend Following in Futures: Diversified Rules and Sizing
How futures trend following works: diversify across six sectors, size every market by ATR for equal risk, apply breakout rules, and know what returns…
Hedging With Futures: Hedge Ratios and Worked Examples
How to hedge with futures: the beta-adjusted hedge ratio, a stock portfolio hedge with E-minis, a farmer's short hedge, and basis and margin risks.
What Is Forex Trading? How the Currency Market Works
Forex is trading one currency against another, about $7.5 trillion a day. Learn how pairs, pips and lots work, a worked EUR/USD trade, and…
Forex Pips, Lots and Position Sizing: Formulas and Examples
How to calculate pip value for any pair and size forex trades: lots = risk ÷ (stop pips × pip value). Worked EUR/USD, USD/JPY…
Forex Leverage and Margin Explained: Effective Leverage and Stop-Outs
Forex margin = position value ÷ leverage. Learn U.S. leverage limits, effective leverage, margin level and stop-outs, with a worked $10,000 account example.
Forex Trading Sessions: Best Times to Trade Each Pair
Forex trades 24 hours across Sydney, Tokyo, London and New York. See session times in ET, the London–New York overlap, where volume is and…
Forex Pairs Explained: Base and Quote Currencies
How to read a forex quote: base vs quote currency, buying vs selling a pair, bid and ask, majors and crosses, and converting P/L…