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Leverage margin and drawdowns explained
Separate notional exposure from the cash supporting it, then see how leverage changes losses and the recovery required after a drawdown.
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Forex Explained
Understand currencies, connect economic evidence and build a disciplined research process. Follow six learning stages from the first exchange rate to portfolio applications.
Start with What forex is and why currencies move, then follow the next lesson links. Explore 24 lessons with worked examples, exercises and further reading.
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Risk & Position Sizing · All lessons
Risk & Position Sizing
Calculate exposure, recognise concentration and create a repeatable risk review.
Advanced
How to calculate a forex position size
Work from a defined loss budget and an adverse price distance to estimate position size, then account for costs and execution uncertainty.
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Advanced
Currency correlation and hidden portfolio exposure
Look through the names of separate positions to identify shared currency exposures and the conditions under which diversification can weaken.
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Advanced
Build a forex risk and execution checklist
Create a repeatable review covering the instrument, counterparty, costs, release calendar and exit process before considering currency exposure.
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