Beginner
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Covered in this level
You will study what an edge means, expectancy, win rate versus payoff, and why a strategy without an edge loses after costs.
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Suited to
This level is for learners who want to understand what a trading edge is and why every trader needs one.
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What you will be able to apply
After this level, you will be able to explain what a trading edge is, calculate simple expectancy, and see why costs can erase a weak edge.