Understanding Investing
The path for anyone who wants to build wealth over the long term, not trade short-term. Six stages, building on each other, 104 lessons total. You don't have to start from the beginning, but you should know what you're skipping. The age shown per stage is a rough guide for teachers and parents, not a hard cutoff. If you want to understand active trading instead, head to Understanding Trading.
Taking Stock
age 13+Check whether investing is even your next step. This is where things get sorted honestly, and some people leave for now. Eight lessons, about eight minutes in the short version.
Fundamentals
age 13+Understand what this is actually about. No money in play yet. 24 lessons, about 24 minutes in the short version.
Show lessons (24)
- 1What money actually is
- 2Why saving in a bank account means losing money
- 3What return actually means
- 4Compound interest
- 5Risk and return are linked
- 6What a stock exchange is
- 7What a stock is
- 8What a bond is
- 9What an ETF is
- 10Why active funds usually underperform
- 11What a cryptocurrency is
- 12Blockchain without the jargon
- 13Investing and trading are two different things
- 14Why most people should invest, not trade
- 15Why prices move
- 16Who really moves the markets
- 17Bull market, bear market, crash, bubble
- 18The classic beginner mistakes
- 19Savings accounts and fixed-term deposits
- 20Gold and precious metals
- 21Commodities
- 22Real estate and REITs
- 23Collectibles and tangible assets
- 24All asset classes compared
Practice
age 14+Open an account and understand your first order. Still no real money. 18 lessons, about 18 minutes in the short version.
Show lessons (17)
- 1Finding a reputable broker
- 2Comparing brokers
- 3If your broker goes bankrupt
- 4Opening a brokerage account
- 5Crypto exchange vs. broker
- 6Wallet, private key, and seed phrase
- 7Not your keys, not your coins
- 8Understanding the trading interface
- 9Order types
- 10Setting a stop-loss correctly
- 11Spread, slippage, and liquidity
- 12Every fee that eats into your return
- 13Currency risk
- 14Trading hours
- 15The savings plan
- 16Paper trading
- 17Your first order
- 18Maker, taker, and funding
Risk and Psychology
age 15+The most important stage. This is where it's decided who's still around in the long run. 18 lessons, about 18 minutes in the short version.
Show lessons (17)
- 1Capital preservation before profit
- 2The one-percent rule
- 3Calculating position size
- 4Risk-reward ratio
- 5Win rate and expected value
- 6Drawdown
- 7Diversification
- 8Leverage
- 9Liquidation
- 10CFDs, and why regulators warn about them
- 11Fear and greed
- 12FOMO
- 13Loss aversion
- 14Confirmation bias
- 15Overtrading and revenge trading
- 16The trading journal
- 17When to stop
- 18Mark price and margin modes
Analysis
age 16+Learn to judge for yourself instead of repeating what others say. Matters most if you trade actively or pick individual stocks and coins. If you invest broadly through a savings plan, you can read this stage later or in parts. 20 lessons, about 20 minutes in the short version.
Show lessons (20)
- 1Fundamental vs. technical analysis
- 2Reading a chart
- 3Spotting trends
- 4Support and resistance
- 5Trendlines and channels
- 6Chart patterns
- 7Moving averages
- 8RSI, MACD, and Bollinger Bands
- 9Why indicators lag
- 10Reading a balance sheet
- 11The key financial ratios
- 12Skimming an annual report
- 13What a company is worth
- 14On-chain analysis
- 15Tokenomics
- 16Checking a whitepaper
- 17Interest rates, central banks, and economic data
- 18Why news is already in the price
- 19Evaluating sources
- 20Who else is trading in the market
Advanced
age 16+For those who want to go further. Optional, and nobody has to come here. 16 lessons, about 16 minutes in the short version.
Show lessons (16)
- 1Portfolio theory
- 2Correlation
- 3Rebalancing
- 4Volatility
- 5Options: calls and puts
- 6Hedging with options
- 7Futures and derivatives markets
- 8Short selling
- 9Order books, market makers, high-frequency trading
- 10Writing down a strategy
- 11Backtesting
- 12Overfitting
- 13Automated trading
- 14DeFi: staking, lending, liquidity pools
- 15Impermanent loss and smart-contract risk
- 16Your written trading plan