Intermediate course
Gold, Oil and Indices
What a CFD is, what drives gold, oil and the main stock indices, how their contract sizes and margin work, and how weekend gaps and rollovers catch traders out.
7 lessons · 62 minutes · Free
Free. Enrol to open the lessons; your progress and certificate are saved to your account.
Free certificate
Mark every lesson complete and pass the final quiz with 70% or more to get a certificate of completion. You can download it as a PDF or share it on LinkedIn.
Get your certificateGold, oil and stock indices sit in the same platform as EUR/USD and open with the same buy and sell buttons. Underneath, the units are different: a lot can be ounces, barrels or dollars per point, and a move that looks ordinary can cost ten times what the same lots would on a currency pair.
This course takes them one at a time, then puts the arithmetic side by side. Every example uses a stop and a small, fixed risk, because these markets move fast. It builds on Forex Foundations and Risk & Money Management.
Lessons
- 1What a CFD isA CFD is a contract with your broker on the change in a price. Learn how its profit and loss are worked out, what holding it overnight costs, and which retail protections apply.
- 2Gold (XAU/USD): what drives itHow gold is quoted, what a lot and a pip mean on XAU/USD, why it needs wider stops and smaller sizes, and the four forces that move it.
- 3Oil and the commodity currenciesWTI and Brent, what a lot of oil means in barrels and dollars, what moves the price, and how oil links to the Canadian dollar and the Norwegian krone.
- 4Stock indices: US500, NAS100 and DAXWhat an index CFD tracks, the difference between cash and futures-based index CFDs, how dividend adjustments work, and how to turn index points into money.
- 5Contract sizes and margin on each assetRead a contract specification, then work out money per move, margin and a position size for gold, oil and index CFDs with the same four formulas.
- 6Trading hours, gaps and rolloversWhen gold, oil and index CFDs trade, why prices gap at the weekly open, why a stop can fill beyond its level, and what a futures rollover does to your chart and position.
- 7Course check: test yourselfFlashcards for the CFD, gold, oil and index vocabulary, and ten questions on contracts, sizing, margin, drivers, gaps and rollovers.