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Learning path

Trade Perps & Futures

A step-by-step path into perpetual futures: reading charts and orders, how leverage and liquidation actually work, and the risk discipline that keeps you in the game.

16 steps ~1.1 hr Beginner → Ready to trade

0% complete0 of 16 steps

  1. 1

    Foundations

    Reading the chart and choosing a direction.

    1. How to Read a Candlestick Chart

      5 min read

      What open, high, low and close actually mean, and how to read basic patterns without overreading them.

    2. Order Types Explained

      5 min read

      Market, limit and stop orders, and a practical framework for which one to use when.

    3. Long vs Short: How Directional Trading Works

      5 min read

      The full mechanics of betting on a price rise versus a fall, and why shorting carries different risk.

    4. Chapter check: Foundations

      3 questions

      Candlesticks, order types and direction.

  2. 2

    Core mechanics

    What makes a perp different from spot.

    1. What Are Perpetual Futures?

      6 min read

      How perps trading actually works: leverage, funding rates and liquidation, explained from zero.

    2. Leverage and Margin Explained

      6 min read

      Isolated vs cross margin, and how much room high leverage actually leaves you before liquidation.

    3. How Liquidation Actually Works

      5 min read

      Why forced closes happen, how liquidation cascades form, and practical ways to manage the risk.

    4. Chapter check: Core mechanics

      3 questions

      Funding, leverage and liquidation.

  3. 3

    Risk & discipline

    The part that actually keeps traders solvent.

    1. Risk Management and Position Sizing

      5 min read

      How to size trades using a risk-per-trade framework, why it matters more than being right, and how it changes with leverage.

    2. Technical Analysis Basics: Support and Resistance

      5 min read

      What technical analysis actually is, how support and resistance form, why broken levels flip roles, and a grounded look at trend lines and volume.

    3. Chapter check: Risk & discipline

      3 questions

      Position sizing and reading the chart responsibly.

  4. 4

    Practice

    Hands-on with the tools before you size up.

    1. Hyperliquid Funding Rates, Explained

      3 min read

      What funding actually is, why APRs go extreme, and how to scan all markets for carry-trade opportunities with the funding tool.

    2. Hyperliquid Open Interest, Explained

      3 min read

      What OI actually measures, why rising or falling OI matters, and where to track it live for every perpetual.

    3. Estimate a liquidation price

      Run a real position through the calculator before you open one.

    4. How Liquidation Price Is Calculated

      3 min read

      Margin, liquidation price, breakeven and funding cost explained, and how to estimate all four instantly before you trade.

    5. Chapter check: Practice

      3 questions

      Funding rates, open interest and using the tools.

You're ready

Finish every step above and you'll have the full path behind you, from the basics to the point where ready to trade actually means something.

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