FX TERMINAL · ACADEMY
Risk — forex lessons and courses
Every free FX Terminal Academy lesson and course on risk: 5 lessons and 2 courses, each with a quiz and a link to the live tool that applies it.
Courses covering risk
- 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.
- Passing an EvaluationA prop evaluation is a constrained optimisation: hit a profit target without violating a drawdown rule. This course explains what each rule does to your optimal position size and trade frequency, and why the daily loss limit ends more challenges than the profit target does.
Lessons on risk
- 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…
- Revenge Trading and TiltThe largest single-day losses in retail trading are almost never caused by one bad trade. They are caused by the trades taken after one bad trade. This lesson is about that…
- ATR and Measuring VolatilityMost indicators try to tell you which way price will go. ATR does something more useful and far more reliable: it tells you how far price typically moves, which is what actually…
- 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 lessons
This page collects everything in the FX Terminal Academy that deals with risk: 5 lessons and 2 courses. 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
If risk is new to you, start with the course listed above rather than a single lesson — a course orders its lessons so each one builds on the last. Use the lesson list when you already know which idea you want and would rather go straight to it.
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 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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