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XCode Basics

XCode Basics
Every Trader Starts Somewhere

Before progressing into the XCODE VIP channels, we want you to understand the very basics of trading β€” so when you look at a chart or hear trading terminology, you actually understand what you’re seeing and what it means.

Learn the basics - Build the foundations - Then level up

Complete these 10 short, simple videos

1. πŸ“ˆ What is Trading?
2. πŸ•―οΈ What is a Candlestick?
3. πŸ” What is a Wick?
4. πŸŸ’πŸ”΄ What Do Bullish & Bearish Mean?
5. πŸ“Š What is BUY & SELL?
6. 🎯 What is an Entry?
7. πŸ›‘ What is a Stop Loss?
8. πŸ’° What is Take Profit?
9. πŸ“¦ What is a Lot Size?
10. πŸ›‘οΈ What is Risk Management?

🎁 PLUS A BONUS VIDEO
THE POWER OF COMPOUNDING πŸš€

See how consistency and compounding can work over time, and discover what comes next inside the main XCODE channels.
These are only the foundations. Once completed, you’ll be ready to progress into our main education, where we go much deeper into charts, market structure, key levels, risk, trading psychology and more.

XCode Education - Beginner Knowledge Test

1 / 20

What is trading?

2 / 20

If you believe the price of Gold is going to rise, which direction would you consider?

3 / 20

What does a candlestick show you?

4 / 20

What does a bullish candle mean?

5 / 20

What does the wick of a candlestick help show?

6 / 20

If a candle closes below the very top of its upper wick, what does this tell us?

7 / 20

What does BULLISH generally mean?

8 / 20

What does BEARISH generally mean?

9 / 20

If you believe Gold is going to fall, which trade direction would you consider?

10 / 20

Can traders potentially benefit from both rising and falling markets?

11 / 20

What is your entry price?

12 / 20

Once you enter a trade, what determines whether it moves into profit or loss?

13 / 20

What is the main purpose of a Stop Loss?

14 / 20

Why is using a Stop Loss important?

15 / 20

What is a Take Profit?

16 / 20

Which of these descriptions is correct?

17 / 20

What does lot size represent?

18 / 20

What generally happens to your financial exposure when you increase your lot size?

19 / 20

Which approach best demonstrates good risk management?

20 / 20

What is the main purpose of risk management?

Your score is

The average score is 95%