NIGEL KAVOR
LEARN / TRADING EDUCATION

Understand trading.
Build better judgment.

Clear explanations of markets, instruments, and the decisions trading involves. Start with the foundations, then build on what you understand.

BEGIN HERE

Trading Foundations

Follow the lessons in order, or return to a concept when you need it. Each published lesson includes a video, captions, key takeaways, and a readable transcript.

LESSON 01 · 7:38 · AVAILABLE NOW

What Is Trading?

Start with a simple exchange, then explore markets, positions, changing prices, costs, and why one winning trade does not establish a reliable process.

Watch Lesson 1
LESSON 02 · 7:02 · AVAILABLE NOW

What Are Futures—and What Are Futures Contracts?

Explore futures contracts, hedging and speculation, long and short positions, settlement, and why margin does not cap your possible loss.

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LESSON 03 · 8:51

How a Futures Trade Works: Contracts, Points, Ticks, and Dollars

Follow NQ examples connecting price changes, position size, and direction to dollar results. Understand margin, leverage, actual fills, and costs.

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LESSON 04 · 10:36

How Trading Orders Work: Market, Limit & Stop Orders

Understand order instructions, actual fills, targets, protective exits, brackets, and the checks that connect your orders to your position.

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LESSON 05 / 10:04

How to Read a Trading Chart

Understand candlesticks, timeframes, volume, and the settings behind the chart. Learn to separate observations from conclusions.

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LESSON 06 / 10:04

How Much Could a Planned Trade Lose?

Connect entry price, stop distance, contract value, and position size. Separate planned risk from costs, actual fills, margin, and account rules.

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LESSON 07

Build a Trading Plan

Define the setting, qualifying conditions, entries, exits, position size, reasons to stand aside, and records for review.

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LESSON 08 / 9:43

Strategies and Edge

Separate defined decisions from a claim of advantage. Examine costs, conditions, testing, and the evidence behind a strong-looking result.

Watch or read Lesson 8
LESSON 09 / 10:52

Win Rate, Payoff, Expectancy and Drawdown

Connect winning frequency with the size of gains and losses, the average net result, and the decline from a peak.

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LESSON 10 / 11:06

Strategy Testing: Can You Trust the Results?

Inspect the rules, data, execution assumptions, search history, and evaluation behind a strategy report.

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EXPLORE THE PRODUCTS

Know the Contracts

Explore what each contract represents, how its price movement translates into dollars, and the rules to check before trading.

ES / MES / NES · 10:41 · AVAILABLE NOW

S&P 500 Futures Explained: ES, MES and What Each Move Is Worth

Follow points, ticks and quantity into dollar exposure, then examine costs, margin, expiration and execution.

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NQ / MNQ / NNQ · 10:32 · AVAILABLE NOW

Nasdaq-100 Futures Explained: NQ, MNQ and What Each Move Is Worth

Translate Nasdaq-100 futures points and ticks into dollars, compare contract sizes and examine exposure, expiration and execution.

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YM / MYM / NDOW · 10:12 · AVAILABLE NOW

Dow Futures Explained: YM, MYM and What Each Move Is Worth

Understand Dow price weighting, translate YM, MYM and NDOW points and ticks into dollars, and examine exposure, expiration and execution.

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RTY / M2K / N2K · 10:22 · AVAILABLE NOW

Russell 2000 Futures Explained: RTY, M2K and What Each Move Is Worth

Understand small-cap weighting, translate RTY, M2K and N2K points and ticks into dollars, and examine quantity, exposure, expiration and execution.

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GC / MGC / 1OZ · 10:04 · AVAILABLE NOW

Gold Futures Explained: GC, MGC and What Each Move Is Worth

Translate Gold prices per ounce into dollars for GC, MGC and 1OZ. Explore tick values, quantity, exposure, margin, delivery, cash settlement and contract calendars.

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CL / MCL / QM · 11:16 · AVAILABLE NOW

Crude Oil Futures Explained: CL, MCL, QM and What Each Move Is Worth

Translate WTI prices per barrel into dollars for CL, MCL and QM. Compare tick values, quantity, margin, delivery, cash settlement and expiration.

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NG / MNG / QG · 9:55 · AVAILABLE NOW

Natural Gas Futures Explained: NG, MNG, QG and What Each Move Is Worth

Translate Henry Hub prices per MMBtu into dollars for NG, MNG and QG. Compare tick values, quantity, margin, storage reports, settlement and expiration.

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6E / M6E / E7 · 10:11 · AVAILABLE NOW

Euro FX Futures Explained: 6E, M6E, E7, Pips and Tick Values

Read dollars per euro, compare pips and ticks, and calculate exposure for 6E, M6E and E7. Check quantity, margin, execution, delivery and expiration.

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EXAMINE THE WORK

Practical Investigations

Apply the foundations to concrete trading claims and decisions. Examine the material, identify what is missing, and decide what deserves further testing.

AVAILABLE NOW · 6:56

A Profitable Backtest Isn’t Enough: 5 Checks Before You Trust It

Open a fictional twenty-trade record and examine its rules, costs, profit concentration and development history. Use five checks to decide what the evidence supports investigating next.

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UNDERSTAND THE RELEASE

Economic Events

Evergreen explanations of important economic announcements: what they measure, their history, how to read the figures and what to check before making a trading decision.

AVAILABLE NOW · 8:44

CPI Explained: Inflation, Expectations and Market Reactions

Understand what CPI measures, where it came from, and how to read headline, core, monthly and annual figures. Examine an invented release, then prepare questions about expectations, interpretation and execution.

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AVAILABLE NOW · 9:42

The Jobs Report Explained: NFP, Unemployment and Wages

Understand what the jobs report measures, distinguish payroll jobs from people, and examine unemployment, wages and revisions together. Work through an invented release, then explore possible market reactions.

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AVAILABLE NOW · 9:30

FOMC Explained: Rate Decisions, Expectations and Market Reactions

Understand the federal funds target range, policy expectations, statements, projections and press conferences. Examine an invented meeting and learn why the message about future policy can matter alongside the decision itself.

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Follow the learning into the work.

The lessons explain the concepts. The research documents the questions, testing, findings, and limitations as I investigate trading ideas.

Explore the work

For meaningful updates and new work, Follow the Work.

Evidence Over Hype.