The free beginner course
Before You Trade
The cold shower every would-be forex trader deserves before their first deposit: what you are actually buying, the real sourced numbers on who loses (it is most people), how leverage and costs do the damage, the industry that farms beginners — and the safe on-ramp if you still want in. No hype survives past lesson one.
6 min01
What Forex Actually Is
Before the charts, the candles and the promises — what is actually being bought and sold, and by whom?
7 min02The Real Numbers
You have heard “95% of traders fail.” The truth is that nobody can source that number — and the numbers that CAN be sourced are bad enough.
7 min03Leverage: How Accounts Actually Die
Nobody's account is killed by a bad forecast. It is killed by a normal move, multiplied.
6 min04The House Always Takes Its Cut
Even if your predictions were exactly 50/50, you would still lose money. Here is the arithmetic of the grind.
7 min05The Predator Economy
The most profitable trade in retail forex is selling things to people who want to believe. You are the product.
6 min06Your Brain on Trading
The market doesn't beat beginners. It just waits while they beat themselves, in the same five ways, every time.
7 min07If You Still Want In
Read the first six lessons and still curious? Good — curiosity with open eyes is the only sane way in. Here is the on-ramp that doesn't end in a crater.