FX TERMINAL · ACADEMY
Forex Risk Management Course
Position sizing, stops, exposure and drawdown — the part of trading that decides whether you are still here next year.
Risk management is not the cautious part of trading that comes after the interesting part. It is the part that decides whether the interesting part ever gets a chance to work.
These courses cover position sizing from first principles — the single formula that determines what a loss costs you — the asymmetric arithmetic of drawdown recovery, and how correlation quietly turns several carefully sized trades into one large one. If you only read one category in the Academy, read this one.
Courses in Risk Management
- Sizing and SurvivalThree ideas do most of the work in risk management: size every position so a loss costs a fixed, small share of the account; understand why drawdowns are asymmetric; and recognise when several positions are really one. This course covers all three with the actual arithmetic.
Lessons in Risk Management
- Position Sizing From First PrinciplesThis lesson contains the single most useful piece of arithmetic in retail trading. By the end you will be able to size any trade so that being wrong costs exactly what you decided…
- The Arithmetic of DrawdownLosses and gains are not symmetric, and the asymmetry gets worse the deeper you go. This lesson shows you the numbers, because they are the strongest argument for small risk per…
- Correlation and Hidden ConcentrationYou size each trade carefully at 1% and open five of them. You believe you are risking 5%. Depending on what you bought, you might be risking 5% — or you might effectively be…
About these risk management lessons
This page collects everything in the FX Terminal Academy that deals with risk management: 1 course and 3 lessons. The list is generated from the lessons themselves rather than maintained by hand, so it stays complete as the Academy grows.
Every lesson is free to read in full. Each one ends with a short quiz and links into the FX Terminal screen that applies it, so an idea can be checked against live market data instead of staying on the page. No account is needed to read; signing in only saves your progress and issues the completion certificate.
Where to start
Work through a course from the top rather than picking lessons out of it: the order is the point, and each lesson assumes the one before it. The lesson list below is there for when you already know the idea you are after.
Nothing here is investment advice. The Academy explains how the market works and how to read the data behind it; it does not issue signals or tell you what to trade.
Common questions
Are these risk management lessons free?
- Yes, all of them, in full. There is no paywall, no trial and no card required, and the live terminal screens the lessons link to are free as well.
Do I need an account to read them?
- No. An account is free and optional — it exists only to remember which lessons you have finished, carry that across devices, and issue a certificate when you complete a course.
Is a course better than reading the lessons individually?
- For a subject you are new to, yes: a course orders its lessons so each one builds on the last. Read a single lesson when you already know which idea you want.
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