Our study advice is based on a well-thought plan of education which relies on our extensive experience as a provider of learning services. Nevertheless, the advice concerns a recommendation, certainly not a must. Our study advice is as follows:
For non-traders (hence, any professional operating in or relating to the wholesale markets):
- Starters:
- You are advised to follow the first simulations (nr. 1-15), consecutively. This way, you are guided to master basic concepts, processes, technicalities and related terminology. This way, you also learn about trading technicalities and, thus, how, you can transact, as well as how to read all reflected data and graphical representations. Hereafter, you should be ready to follow any other simulation.
- Advanced:
- You are advised to follow any simulation of preference, possibly concerning a specific commodity, and eventually regarding a particular activity or strategy. This way, you can extend your knowledge base, or apply what you already have learnt.
For traders:
- Starters:
- New recruits can use the simulations to kick-start their career. You are advised to follow the first simulations (nr. 1-15), consecutively. This way, you are guided to master basic concepts, processes, technicalities and related terminology. This way, you also learn about trading technicalities and, thus, how, you can transact, as well as how to read all reflected data and graphical representations. Hereafter, you should be ready to follow any other simulation.
- Advanced:
- You can follow any simulation of preference, but especially those on ‘Options’ may be very informative. These simulations allow you to master this type of derivative and its pricing, as well as the related risk parameters (Greeks). This knowledge can be applied to trade the products, as well as to model flexibility embedded in supply contracts and physical capacity.
As the Trading Simulations are provided at different levels, embedding different layers of complexity, a certain minimum understanding of markets and trading is very desirable. In order to master the concepts and processes plus related terminology, which are covered by the simulations, users are recommended to follow Entrima’s Online (Self-study) Courses. The following online Online Courses are of direct relevance for the simulations:
- Commodities
- Commodity markets
- Commodity pricing
- Exchange-trading
- OTC trading
- Reasons to transact
- The central order book
- Order types
- Liquidity
- Clearing
- Margining
- Settlement
- Derivatives – Introduction
- Derivatives – Position management
- Options – Introduction
- Options – Hedging exposures
- Options – Greek variables
- Flexibility
- Spreads & spread trading
To get most out of the Trading Simulations, a user is recommended to have mastered the topics and themes indicated by the online courses above. These concepts, activities and processes, plus related terminology are of utmost relevance.