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Every course is optional. Add the ones you like to “My Courses” and change them anytime.

24 courses

StocksBeginner12 lessons · about 58 min
Stock Basics

Start from "what is a stock?": brokers, deposits, buying, selling, unrealized P&L, profit, dividends and IPOs, one animation at a time.

For: complete beginners who have never touched stocks

What Is a Stock?What Is a Broker?Deposits and WithdrawalsWhat Is Buying?What Is Selling?+7
StocksIntermediate8 lessons · about 46 min
Stock Trading: Next Steps

Order books, market orders, limit orders, slippage, call auctions, margin, short selling and stop-losses: see how trades actually get matched.

For: learners who can already buy and sell and want to understand how orders get filled

Reading the Order BookMarket OrdersLimit OrdersSlippage and LiquidityGoing Long vs. Going Short+3
ForexBeginner9 lessons · about 44 min
Forex Basics

Exchange rates, currency pairs, pips, spreads, lots, leverage, margin, pip value conversion and overnight swaps: every core concept of forex trading.

For: beginners curious about forex trading

What Is Forex?How to Read a Currency PairWhat Is a Pip?Buy / Sell and the SpreadWhat Is a Lot?+4
ForexIntermediate9 lessons · about 48 min
Forex: Pending Orders & Risk

One lesson each for Buy Limit, Sell Limit, Buy Stop and Sell Stop, then stop-loss and take-profit, sizing by risk, and gaps and slippage.

For: learners who know the forex basics and want to master pending orders

What Is a Pending Order?Buy Limit: Buying the DipSell Limit: Selling the RallyBuy Stop: Buying the BreakoutSell Stop: Selling the Breakdown+4
OptionsBeginner9 lessons · about 46 min
Options Basics

What an option is, strike prices, premiums, calls, puts, in and out of the money, time value, reading an option chain and leverage: options from scratch.

For: learners getting started with options (take "Stock Basics" first)

What Is an Option?Strike, Premium and ExpirationCall OptionsPut OptionsThe Option Seller+4
OptionsIntermediate6 lessons · about 39 min
Options: Next Steps

The four basic positions, Theta time decay, LEAPS, covered calls, cash-secured puts, and exercise and assignment: how option value changes and how to use it.

For: learners who have finished "Options Basics"

The Four Basic PositionsTime Decay (Theta)LEAPS Call vs. Short-Dated CallCovered Calls: Collecting Rent on Your SharesCash-Secured Puts: Buying Stock at a Discount+1
FuturesBeginner8 lessons · about 43 min
Futures Basics

Agree on a future price today: contract specs, margin and mark-to-market, going long and short, basis, rolling contracts, delivery and hedging.

For: learners who know the stock basics and want to understand futures

What Are Futures?Contract Specs: Multiplier and Tick SizeMargin and Mark-to-MarketGoing Long and Short with FuturesBasis and Convergence at Expiry+3
CryptoBeginner8 lessons · about 41 min
Crypto Basics

Blockchains, wallets and private keys, custody, high volatility, stablecoins, perpetual futures, placing orders on an exchange and on-chain transfers.

For: beginners curious about digital assets like Bitcoin and Ethereum

Blockchains and CryptocurrencyWallets, Public Keys and Private KeysExchange Custody vs. Self-CustodyHigh Volatility and Position SizingStablecoins+3
BondsBeginner8 lessons · about 41 min
Bonds & Fixed Income

Coupons and principal, the price–yield seesaw, YTM, duration, credit spreads, the yield curve, clean vs. dirty price, and convertible bonds.

For: learners who want to understand bonds, interest rates and fixed-income investing

What Is a Bond?The Price–Yield SeesawYield to Maturity (YTM)Duration and Interest Rate RiskCredit Risk and Credit Spreads+3
CommoditiesBeginner7 lessons · about 34 min
Physical Commodities

Energy, metals and agriculture: supply and demand shocks, storage and cost of carry, how gold and oil are priced, benchmark prices, physical premiums and seasonality.

For: learners interested in physical commodities like gold, oil and crops

What Are Commodities?Supply and Demand ShocksStorage, Transport and Cost of CarryGold: A Safe HavenCrude Oil: Inventories and Price+2
Indexes & ETFsBeginner8 lessons · about 41 min
Indexes & ETFs

How indexes are calculated, cap-weighted vs. equal-weighted, ETF creation and redemption, premiums and discounts, compounding fees, leveraged ETF decay, choosing a fund and dollar-cost averaging.

For: learners who want to invest long-term with index funds

What Is an Index?How Indexes Are WeightedWhat Is an ETF?NAV, Premiums and DiscountsFees and Compounding+3
CFDsIntermediate9 lessons · about 51 min
CFDs

Trade the price difference without owning the asset: long and short, leverage and required margin, margin level, margin calls and stop-out, financing fees and gap risk.

For: learners who understand leverage and want a solid grasp of CFD risk (take "Forex Basics" first)

What Is a CFD?Going Long and Short with CFDsCFD Leverage Doesn't Change Your PositionRequired Margin and Position SizeMargin Level: Equity ÷ Used Margin+4
Rates & swapsIntermediate8 lessons · about 45 min
Interest Rates & Swaps

Compounding and real interest rates, forward rate agreements, interest rate swap cash flows and valuation, DV01, hedging a loan, and cross-currency swaps.

For: advanced learners who want to understand institutional interest rate tools (take "Bonds & Fixed Income" first)

Interest Rates and CompoundingForward Rate Agreements (FRAs)Interest Rate Swaps (IRS)Swap P&L and ValuationHedging a Floating-Rate Loan with a Swap+3
Technical analysisBeginner10 lessons · about 57 min
Technical Analysis: Candles & Charts

Candlesticks, classic candle patterns, volume, support and resistance, trendlines, multiple timeframes, chart patterns, Fibonacci, market structure and price gaps.

For: learners looking at a candlestick chart for the first time

How to Read a Candlestick ChartClassic Candlestick PatternsVolume: The Force Behind PriceSupport and ResistanceTrendlines and Channels+5
Technical analysisIntermediate10 lessons · about 59 min
Trend Indicators

SMA, EMA, golden and death crosses, MACD, Bollinger Bands, ADX/DMI, Parabolic SAR, the Ichimoku Cloud, MA alignment and pullbacks.

For: learners who can read candlesticks and want to judge trends with indicators

Simple Moving Average (SMA)Exponential Moving Average (EMA)Moving Average Crossovers: Golden and Death CrossesMACDBollinger Bands+5
Technical analysisIntermediate8 lessons · about 45 min
Oscillators & Momentum

RSI, the stochastic oscillator (KD/KDJ), CCI, Williams %R, momentum and ROC, divergence, RSI range shifts in trends, and choosing settings.

For: learners who want to spot overbought and oversold conditions and shifts in momentum

Relative Strength Index (RSI)Stochastic Oscillator (KD / KDJ)Commodity Channel Index (CCI)Williams %RMomentum and ROC+3
Technical analysisIntermediate8 lessons · about 45 min
Volume & Volatility Indicators

OBV, VWAP, MFI, the A/D line and CMF, volume profile, ATR, historical volatility, and Donchian / Keltner Channels.

For: learners who want to read money flow and volatility

On-Balance Volume (OBV)Volume-Weighted Average Price (VWAP)Money Flow Index (MFI)Volume ProfileAverage True Range (ATR)+3
Technical analysisIntermediate7 lessons · about 46 min
Indicators in Practice & Backtesting

Indicator confluence, lag and false signals, backtesting and overfitting, ATR position sizing, exit rules and sample size.

For: learners who know the indicators and want to turn them into trading rules

Indicator ConfluenceLag and False SignalsBacktesting a Moving Average StrategyParameter Optimization and OverfittingPosition Sizing and ATR Stops+2
Hedging & arbitrageAdvanced10 lessons · about 64 min
Hedging Strategies

Offset risk with opposite positions: futures, stock index futures, options, FX forwards, cross hedging, and hedging a multi-asset portfolio.

For: learners who know the basics of futures and options and want to manage real risk exposures

What Is Hedging?Hedge Ratio and Basis RiskHedging a Stock Portfolio with Index FuturesHedging with Options: Protective Puts and CollarsDelta Hedging and Dynamic Rebalancing+5
Hedging & arbitrageAdvanced10 lessons · about 64 min
Arbitrage Strategies

The same thing shouldn't have two prices: cash-and-carry, put-call parity, triangular and interest rate parity arbitrage, plus the traps behind "risk-free".

For: learners who know the basics of futures, options and forex and want to understand the forces behind pricing

What Is Arbitrage?Cash-and-Carry ArbitragePut-Call Parity ArbitrageTriangular ArbitrageInterest Rate Parity Arbitrage+5
OptionsAdvanced9 lessons · about 55 min
Advanced Option Strategies

The Greeks, implied volatility and the volatility smile, spreads, straddles, iron condors and calendar spreads: go from single legs to combinations, and pick a strategy to fit your view.

For: learners who have finished both options courses and want to express views and manage risk with options

Delta and Gamma: An Option's Speed and AccelerationVega and Implied VolatilityEarnings and IV CrushVertical Spreads: Bull and Bear SpreadsStraddles and Strangles: Betting on a Big Move+4
Risk managementIntermediate9 lessons · about 50 min
Risk Management & Trading Psychology

Position sizing, drawdowns, expectancy, the Kelly criterion, the odds of losing streaks, and the traps your brain sets for you: survive long enough to make money.

For: learners who have started trading and want to control risk systematically and break bad habits

Position Sizing: Risk Only 1% per TradeDrawdowns Are Lopsided: Lose 50%, Need 100%Expectancy: Win Rate Isn't EverythingLosing Streaks and the Risk of RuinThe Kelly Criterion: How Much to Bet+4
FundamentalsIntermediate8 lessons · about 49 min
Fundamental Analysis

The income statement, balance sheet and cash flow statement, then P/E and discounted cash flow: work out what a company is really worth.

For: learners who want to move from trading prices to buying businesses, and learn to read financial statements and value companies

The Income Statement: How the Money Is MadeThe Balance Sheet: How Solid Is the Foundation?The Cash Flow Statement: Profit Isn't CashThe P/E Ratio: Expensive or Cheap?Discounted Cash Flow (DCF)+3
Quant tradingAdvanced8 lessons · about 49 min
Quant Basics

Build strategies from rule blocks, score stocks with factors, use math for diversification and portfolio optimization, then puncture backtest illusions with out-of-sample testing.

For: learners who know technical analysis and backtesting and want to trade in a systematic, rules-based way

Building Strategies from Rule BlocksFactors: Scoring StocksDiversification: The Magic of CorrelationPortfolio Optimization and the Efficient FrontierOut-of-Sample Testing: Don't Get Fooled by Backtests+3
Course library: all trading courses · 72lab