Training for traders
The course is built on calculations, not on stories. Every lesson delivers a formula, a table or a testable rule. Full access, free, with no registration.
The Sening Capital education section includes 64 lessons across five areas, 6 trading calculators, 6 interactive visualisations, 5 self-assessment tests with 46 questions and an explanation of each answer, and a glossary of 213 terms. The material contains the formulas for calculating position size, pip value, margin and swap, as well as analysis of the events of Banxico, COPOM and the Federal Reserve. Access is free and does not require opening an account.
Three levels, 64 lessons, around 26 hours
The levels are sequential: the material at level 2 assumes level 1. At a pace of 3 hours a week, the full course takes about 2 months.
Fundamentals
What you need to know before the first trade: market structure, participants, the mechanics of an order, calculating pip value, margin and leverage, spread, swap and commission, trading sessions and the influence of volatility on the choice of volume.
- 01How the over-the-counter currency market works and who profits in it
- 02Quote, base currency and quote currency, direction of the trade
- 03Pip, pipette and tick: how they differ and how the value of a move is calculated
- 04Lot, mini lot, micro lot and contract size
- 05Leverage: mechanics and arithmetic
- 06Margin, free margin and margin level
- 07Margin Call and Stop Out: how the closing threshold is calculated
- 08Spread: why it widens and when it cannot be ignored
- 09Swap: the calculation formula and Wednesday's triple accrual
- 10Volume-based commission and the total cost of a trade
- 11Order types and when each one applies
- 12Slippage: causes and how to reduce it
- 13Trading sessions in Latin American time zones
- 14Volatility and ATR: how to measure a “normal” move
- 15Liquidity: why USD/CLP at 3 a.m. is more dangerous than EUR/USD
- 16Pair correlation and the hidden doubling of risk
- 17The economic calendar: how to read it and which events matter
- 18The first trade: a 9-point checklist
Analysis
Technical and fundamental analysis: market structure, levels, patterns, indicators, volume, macroeconomics, interest rates, inflation and what is specific about Latin American currencies.
- 19Market structure: highs and lows as the definition of a trend
- 20Break of structure (BOS) and change of character (CHoCH)
- 21Support and resistance as zones, not lines
- 22Polarity change: broken resistance becomes support
- 23What strengthens a level and what invalidates it
- 24Pin bar: the context in which it does work
- 25Engulfing and absorption: a change of control
- 26Inside bar and volatility compression
- 27False break: taking liquidity beyond the level
- 28Moving averages: a direction filter, not an entry signal
- 29RSI: why overbought is not a sell signal
- 30Divergences: what they really show and what they do not
- 31MACD as a higher timeframe filter
- 32ATR applied to stop loss placement
- 33Bollinger bands and volatility regimes
- 34Tick volume: what it measures and what it does not
- 35Multi-timeframe analysis: the three-screen scheme
- 36Confluence: when several independent factors coincide
- 37Interest rates as the main driver of the currency market
- 38Rate differential and carry trade
- 39Headline and core inflation: why the market reacts to the second
- 40United States data: NFP, CPI, PCE, ISM
- 41Banxico, COPOM, BanRep, BCRP and BCCh: calendar and mechanics
- 42Commodities and currencies: copper and CLP, Brent and COP, soya and BRL
- 43Risk-on and risk-off: capital flows into emerging markets
- 44COT report: extreme positioning among large participants
System and capital
Risk management, position size, expectancy, drawdown, psychology, the trading journal and building and testing a trading system.
- 45Risk per trade: why 1% and not 5%
- 46The position size formula and frequent mistakes in applying it
- 47Drawdown asymmetry: the arithmetic you cannot avoid
- 48Aggregate risk and correlated risk
- 49Daily, weekly and monthly loss limits
- 50R-multiples: the universal language of results
- 51Risk/reward ratio and the minimum win rate required
- 52Expectancy of a trading system
- 53Losing runs: probability and psychological preparation
- 54Where to place the stop loss and where not to
- 55Moving to break-even and trailing stop: when it pays off
- 56Partial close and managing an open position
- 57Trading journal: mandatory fields and analysis
- 58The field “did I follow my rules?” and what it reveals
- 59Tilt: mechanics and technical countermeasures
- 60FOMO and entering moves that have already happened
- 61Taking profit too early and its effect on expectancy
- 62Overtrading: why the number of trades bears no relation to the result
- 63Building a trading system and testing it on history
- 64Assessing the system: 100 trades, not 5
Five routes
You can follow the course in order or go straight to the area you need. Each page includes its own interactive tools and its matching test.
Market fundamentals
The four formulas without which trading is guessing: pip value, required margin, total cost of a trade and swap.
Formulas and calculator
14 lessonsTechnical analysis
Market structure, levels as zones, what each indicator is really for and how to test any rule on history.
Interactive diagrams
12 lessonsFundamental analysis
Interest rates, inflation, the Banxico and COPOM calendar, and the relationship of copper to the CLP and Brent to the COP.
Calendar and correlations
20 lessonsRisk management and psychology
Position size, drawdown asymmetry, R-multiples, expectancy, the trading journal and the mechanics of tilt.
Calculators and curves
213 termsTrader's glossary
A dictionary with precise definitions, formulas and worked examples, with instant search and a direct link to each term.
Live search
Six calculators that do the work rather than explain it
They run in your browser, send no data and need no internet connection once the page has loaded. The plan parameters match those published on the account plans page.
| Calculator | What it does | Related lesson |
|---|---|---|
| Pip value | Calculates the price of a move for the chosen instrument and volume | Lesson 3 |
| Position size | From the deposit, the risk and the stop it returns the volume and warns of errors | Lessons 5 and 19 |
| Margin and Stop Out | Shows the security held, the margin level and the distance in pips to Margin Call and Stop Out | Lessons 6 and 7 |
| Swap | Calculates the cost of holding a position with triple nights and the plan discount | Lesson 9 |
| Plan comparison | Calculates the cost across the 6 plans for your volume and highlights the cheapest | Lesson 10 |
| System expectancy | Calculates expectancy, the expected result of the series and the recovery table | Lessons 44 and 45 |
Move the sliders and see the result
Each visualisation recalculates the figures and the explanatory text in real time. The session scale adjusts to your time zone and marks the current time.
| Visualisation | What it shows |
|---|---|
| Session clock | A live scale of the sessions in the user's time zone, with the current time and the peak liquidity window |
| Market structure | Switchable diagrams of bullish structure, bearish structure and a break, marking HH, HL, LH, LL and BOS |
| Margin and Stop Out | A price movement slider: you see how the margin level enters the Margin Call zone and reaches Stop Out |
| Risk and reward | Stop and target sliders: the resulting ratio and the win rate needed to break even |
| Drawdown asymmetry | The curve of growth required by the depth of the loss, with a marker for the chosen value |
| Correlation matrix | A heat map of the relationships between the region's currencies, gold and copper |
46 questions with an explanation of every answer
The explanation is shown whether you get it right or wrong. At the end of the test you see the result, an assessment of your level and a list of the questions you missed with their full explanations.
| Test | Questions | Topics |
|---|---|---|
| Currency market fundamentals | 10 | Pip, lot, leverage, margin, sessions, correlation |
| Technical analysis | 9 | Structure, levels, indicators, timeframes, volume |
| Fundamental analysis | 9 | Rates, inflation, calendar, regional currencies |
| Risk management | 10 | Position size, drawdown, expectancy, discipline |
| Costs and conditions | 8 | Spread, commission, plans, execution |
Webinars, analysis and calendar
Webinars
Two online seminars a week in Spanish and one a month in Portuguese. The calendar with topics and speakers is published a month in advance. Earlier recordings are available in the archive with no registration required.
Market analysis
A weekly video review: what happened last week, which events are expected and how all of it was reflected in the charts of USD/MXN, USD/BRL, gold and the indices.
Economic calendar
A calendar filtered by countries in the region, level of importance and type of event. Each event includes an explanation of what the indicator is, who publishes it and what reaction is typical.
Unlike the calculators, the visualisations and the tests, the live economic calendar requires a connection to an external data provider. Until that feed is connected, this page shows the reference table of the region's central bank meetings, which serves the same informational purpose. No empty block should exist at any stage of the project.
Rules of the course
- The levels are sequential. Finish level 1 before moving on to level 2: the concepts of margin, pip value and correlation are assumed later on.
- Take the test at the end of each block. The threshold for moving on is 8 out of 10 on the fundamentals test.
- Do not read without calculating. Every formula in the course has its calculator: enter your own numbers.
- Start with risk management if you only have time for one block.
- Repeat the tests. The material does not stick after a single reading.
We do not give buy or sell signals, we do not publish return forecasts and we do not offer account management. The course teaches you to calculate risk and costs, not to predict the market, because the first is learnable and the second is not.
Frequently asked questions
Yes. The 64 lessons, the 6 calculators, the 6 visualisations, the 5 tests and the webinars are free and require neither opening a trading account nor registering. The material is open to be read straight from the website.
The full course consists of 64 lessons with a total duration of roughly 26 hours. At a pace of 3 hours a week, completing it takes about 2 months. Level 1 (18 lessons, around 6 hours) is enough to understand the mechanics of the market and to calculate risk.
No. Level 1 starts from market structure and requires no previous preparation. You will need basic arithmetic: the course is built on calculations — pip value, position size, risk/reward ratio and a system's expectancy.
The educational material is available in English, Spanish and Portuguese. Webinars are held in Spanish twice a week and in Portuguese once a month. Recordings are kept in the archive with subtitles.
The best result for each test is kept while the tab stays open. Keeping progress between sessions requires a personal area and a database, and will be added along with the user profile. The material and the tests are available without registration and can be repeated as often as you like.
Risk management. Calculating position size, the asymmetry of drawdown and expectancy determine a trader's survival more than the accuracy of the forecast. A trader who understands these three things and has not mastered technical analysis survives longer than one with it the other way round.
The course is free and requires no account
Read it all before deciding whether you want to trade. If after the risk management section you conclude that leveraged trading is not for you, the course will have done its job.
Minimum deposit 250 USD · Verification within 24 hours · Withdrawals processed within 24 hours