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Risk warning: Historical ESMA analyses (2018): 74–89% of retail CFD accounts lost money (ESMA). Educational content only – not investment advice. Full disclaimer ↓
Data from BIS, ESMA, CFTC
Written & reviewed by Jarosław Wasiński · financial markets since 2004
Retail loss rates & leverage caps → ESMA 2018 CFD intervention evidence: 74–89% of retail accounts lost money; this is not a current loss rate for every broker
Editor-in-chief, ForexMechanics.com • Macro & FX analyst
Independent analyst and practitioner with over 20 years of experience in financial markets. Actively involved in Forex since 2007, with a focus on fundamental analysis, OTC market structure, and disciplined capital risk management.
Creator and editor-in-chief of MyBank.pl, providing reliable financial education since 2004.
Author of hundreds of in-depth market commentaries, structural analyses, and educational materials for traders and investors.
Advocate for market transparency, promoting education grounded in hard data and institutional reports (BIS, ESMA, CFTC).
All content is educational and informational only – it does not constitute investment advice or a recommendation. Remember: leveraged trading (Forex/CFD) carries a high risk of rapid capital loss.
Every article on this site is written or reviewed by the editor against primary regulatory sources
(BIS,
ESMA,
CFTC,
FCA,
Federal Reserve, ECB).
Full credentials and editorial policy on the About and Methodology pages.
Content last reviewed: September 2026.
Frequently asked questions
Is this Forex course really free?
Yes. All 144 articles and the 320-term glossary are free, with no paywall, no email gate, no upsells. The site has no advertising and accepts no broker affiliate commissions. The cost of running it is covered out of pocket as a long-term educational project.
Who writes the content and why should I trust it?
Articles are written by a single editor with 20+ years of market experience and reviewed against primary regulatory sources (BIS, ESMA, CFTC, FCA, Federal Reserve). Every quantitative claim cites a primary source. See the About page for full credentials, methodology and editorial policy.
Is Forex trading risky?
Yes – severely. ESMA reported in 2018 that analyses across EU jurisdictions found 74–89% of retail CFD accounts lost money. This historical range is not the current loss rate of every broker. Leverage amplifies both gains and losses. The course exists to explain the mechanics honestly so you can make an informed decision; it is not an endorsement of trading. Section 9 (Risk management) and section 16 (Synthesis & career) cover survival mathematics and the realistic capital required.
How long does it take to go through the course?
Estimated reading time is 60–90 hours across all 144 articles. Practical application – building a plan, journaling 100+ trades, completing a strategy audit – takes 6–18 months. There is no fast track.
Do I need a broker account to follow the course?
No. The course is broker-agnostic and includes a dedicated section on choosing a broker (section 12) and the regulatory landscape (section 13). Demo accounts and paper trading are sufficient for the bulk of the material.
Is there a glossary of Forex terms?
Yes – a 320-term glossary covering market mechanics, execution, technical and fundamental analysis, risk, psychology and regulation. Key terms include worked examples with real numbers and an FAQ. Terms are highlighted across all articles – hover or tap one for an instant definition.
Is the content available in other languages?
Yes – the full course and glossary are published in 13 language editions: English, German, Spanish, Italian, Portuguese, Indonesian, Vietnamese, Turkish, Russian, Arabic, Japanese, Thai, and Polish. Use the language switcher in the top right or the language list above.
Ready to see how the machine actually works?
144 articles. 320 glossary terms. Zero hype. Start with the first lesson – it takes 15 minutes.
Forex and leveraged CFD trading carries a high risk of rapid capital loss.
In its 2018 intervention evidence, ESMA reported that 74–89% of retail CFD accounts lost money. This historical range varies by provider and period; check the current warning of the specific broker.
Leverage amplifies both gains and losses. EU negative balance protection exists but does not eliminate the risk of losing your entire deposit.
Do not invest money you cannot afford to lose.
The content in this course is purely educational. It does not constitute investment advice, a recommendation, or an incentive to trade any financial instrument.
Consult a licensed financial advisor before making any investment decisions.
