Every tool and the first five modules of every asset class are free, with no sign-up and no card. One concept per lesson, and a rule we keep: no signals, no hype, no upsell.
GBP/USD
1.2847 ▲ 0.05%
1M · sample data
All 29 free · no sign-up · no card
They work before you understand why, and nothing asks you to register before it answers.
How big the position can be, where the stop belongs, and what the odds of surviving look like.
How much to buy or sell so a stopped-out trade costs exactly what you planned to risk.
1% of $10,000, 20-pip stop, EUR/USD → 0.5 lots
How many contracts a chosen risk buys on a commodity, from the stop distance and the units per contract.
1% of $10,000, $2 stop, 100/contract → 0.5 contracts
The same sizing for crypto pairs - units from entry and stop prices, no lot conventions.
1% of $10,000, entry 40,000 / stop 36,000 → 0.025 coins
A stop scaled to how much the instrument actually moves, and the size that stop allows.
ATR 15 × 2 → 30-point stop, 3.33 units
The ratio of a planned trade and the win rate that ratio needs just to break even.
entry 100, stop 98, target 106 → 3.0 R
The probability a strategy ever loses a chosen share of its account.
45% win, 2.0 payoff, 1% risk → ~0% risk of ruin
What a gap through your stop actually costs, beyond the loss the stop planned.
EUR/USD 1 lot, 20-pip stop, 60-pip gap → $600 over plan
What trading actually costs before it makes anything.
What a spread costs across a month and a year at your trade frequency and size.
EUR/USD 0.8 pips, 1 lot, 20 trades → $160/month
What overnight financing adds up to across a holding period, triple-swap nights included.
−$7/night, 10 nights (1 triple) → −$84
The pips a trade must gain just to exit flat, once spread, commission and swap are paid.
EUR/USD 1 lot, 0.8 spread, $7 comm, 5 nights → 2.5 pips
The honest total across two brokers' fee structures for the same trade.
EUR/USD 1 lot, 5 nights → A £25 vs B £27, A cheaper
The conventions and machinery: units, margin, sessions and reference levels.
What moving a commodity position to the next contract month costs, per roll and per year.
8000 → 8020, 2 × £10, 4 rolls/yr → £1,600/yr
What one futures contract or CFD controls in money, and what a full point of price movement is worth.
100 units × $2,000, 1 contract → $200,000
How many contracts a chosen risk buys on an index, given the stop and the money per point.
1% of £10,000, 40-pt stop, £10/pt → 0.25 contracts
What one index point is worth in your account currency, for any contract size.
£10/pt, 2 contracts, 50 pts → £1,000
What one pip is worth to you, in your currency, for your size - JPY pairs and metals included.
EUR/USD, 1 lot → $10/pip
One position size written as standard, mini and micro lots and raw units.
1 standard lot → 100,000 units
How closely two price series moved together over a window you choose, computed on returns.
EUR/USD vs GBP/USD, 6 daily returns → +0.65
An amount converted at a rate you enter - deliberately no live feed.
1,000 @ 1.08 → 1,080
The deposit a position locks up, from size, price and leverage.
EUR/USD 1 lot @ 1.08, 30× → $3,600 (3.33%)
How far price can move against a position before margin call, and before stop out.
$10,000, $100,000 notional, 30× → 6.67% move to call
The same position at 5:1 to 100:1 side by side - what leverage changes and what it never does.
$10,000, 30× → 16.7% move wipes the account
Which sessions are open now and when they overlap, in your timezone, DST handled.
13:00 UTC → London + New York open
Classic, Woodie, Camarilla and Fibonacci levels from yesterday's high, low and close.
H 1.0950 L 1.0900 C 1.0930 → pivot 1.0927
Reading results after the fact, and the arithmetic of sequences.
What a completed or planned trade makes or loses, in pips and in your currency.
EUR/USD long 1.0800 → 1.0850, 1 lot → +$500
Win rate, averages, expectancy and largest drawdown from a pasted list of results - nothing stored.
6 trades, 50% win → +137 expectancy
The one number win rate and payoff make together: the average result of taking the trade.
50% win, 800 / 500 → +150 per trade
What repeating a monthly rate does to an amount, in either direction - with the recovery cost stated.
$10,000, 5%/mo, 12 mo → $17,959
The gain a drawdown requires to get back to even, and why it is always more than was lost.
20% drawdown → 25% gain to recover
Eight modules per asset class, one concept per lesson, in an order that never assumes the one you skipped. Seven asset classes, 56 modules. These are FX's.
Module 1 · 9 lessons · 49 min
How the FX market worksWho trades currencies, where, and why prices move. Interbank structure, the dealer network, sessions from Wellington to New York, and what a currency pair actually represents. Charts wait for module 2 and macro drivers for module 5 - this module is the machinery only.
Module 2 · 9 lessons · 45 min
Reading the FX marketQuotes, pips and fractional pips, chart types and timeframes, and how liquidity shifts through the London and New York sessions. Covers reading price, not predicting it - analysis starts in module 5, strategy in module 6.
Module 3 · 9 lessons · 60 min
What trading FX costsSpreads by pair and session, commission account models, swap points and triple-swap Wednesdays, and margin as collateral rather than cost. Contract maths for metals and indices lives in those tracks, not here.
Module 4 · 9 lessons · 59 min
Managing FX riskPosition sizing in lots from a fixed risk per trade, stop placement, and the correlated-exposure trap - long EURUSD and short USDCHF is one position, not two. Pairs with the position size, pip value and drawdown tools. The discipline of following the plan is module 7's ground.
Module 5 · 9 lessons · 65 min
FX analysis foundationsThe technical toolkit - structure, trend, support and resistance - alongside the macro calendar: rates, inflation, employment, and what each release means for a currency at working depth. The deeper rates-and-carry machinery is module 8 material.
Module 6 · 9 lessons · 72 min
Building an FX strategyTurning an idea into rules: entries, exits, and testing against history without fooling yourself. Expectancy, sample size and overfitting. No strategy is recommended or supplied - the module teaches evaluation, not signals.
Module 7 · 9 lessons · 72 min
FX process and reviewJournalling every trade, reviewing by setup rather than outcome, and knowing when to stop trading. The trade-journal statistics tool does the arithmetic. Sizing rules were module 4; this module is the habit of obeying them.
Module 8 · 9 lessons · 75 min
FX specialist topicsThe deep end, one concept at a time: interest-rate differentials and carry, session microstructure, cross-currency mechanics and correlation regimes. Everything earlier modules deferred lands here. Assumes modules 1 to 7.
