Risk management
Plan position size, invalidation and possible loss before each trade.
The Money Man / Education
Better trading starts with a better process.
Step-by-step lessons on risk, charts, strategy and trading psychology. A new practical tutorial is added every day, with a complete Bangla edition.
Learning paths
Start with the foundations
Charts and market structure
Read trends, support, resistance, breakouts and daily closes.
Process and psychology
Build disciplined habits with journals, backtesting and clear rules.
Tutorial library
All trading lessons
Search the full education archive by topic. Every lesson is educational information, not personalised financial advice.
Trading Education
8 min read
Time-Weighted vs Money-Weighted Returns: Which Performance Number Is Yours?
Learn how time-weighted and money-weighted returns treat deposits, withdrawals and cash-flow timing—and which measure fits each performance question.
Trading Education
8 min read
Volatility Drag Explained: Why +20% and −20% Still Produce a Loss
Learn why equal gains and losses do not cancel, how geometric return differs from the arithmetic average and why leverage magnifies compounding risk.
Trading Education
8 min read
Value at Risk vs Expected Shortfall: Measure the Loss Beyond the Threshold
Learn how Value at Risk sets a loss threshold, how Expected Shortfall measures the average tail loss and why both still need stress testing.
Trading Education
8 min read
Effective Number of Holdings: Is Your Portfolio Really Diversified?
Learn how to calculate portfolio concentration with HHI and the effective number of holdings, then add correlation, factor and liquidity checks.
Trading Education
8 min read
Information Ratio: Is Active Return Worth the Tracking Error?
Learn how to calculate active return, tracking error and the information ratio, then assess benchmark choice, fees and sample uncertainty.
Trading Education
9 min read
Volatility Targeting: How Traders Scale Risk as Markets Change
Learn how volatility targeting adjusts exposure as markets change, with a worked sizing example, leverage caps, rebalancing rules and key limitations.
Trading Education
9 min read
Futures Basis Explained: Why Futures and Spot Prices Differ
Learn why futures differ from spot, how to calculate and annualise basis, and how financing, dividends, storage and convergence affect the spread.
Trading Education
8 min read
Calmar Ratio for Traders: Return per Unit of Maximum Drawdown
Learn how to calculate the Calmar ratio, compare annualised return with maximum drawdown and recognise what this compact risk metric leaves out.
Trading Education
9 min read
Trading Strategy Decay: Normal Drawdown or a Broken Edge?
Learn how to monitor live strategy performance, separate normal drawdown from execution or regime change, and define evidence-based pause and review rules.
Trading Education
6 min read
Trade Decision Attribution: Separate Signal, Sizing, Execution and Exit Skill
Learn how to attribute trading P&L to signal, position sizing, execution, exit decisions and explicit costs without confusing luck with skill.
Trading Education
7 min read
Implementation Shortfall: Measure the Real Cost of Turning an Idea into a Trade
Learn how implementation shortfall measures delay, fill-price, fee and missed-trade costs from the decision price to the real portfolio.
Trading Education
6 min read
Base Rates and Bayesian Updating: A Practical Guide for Traders
Learn how to use base rates, likelihoods and Bayesian updating to judge trading signals without confusing confidence with probability.