12 levels. One journey. From zero to Mastermind.

The Trader’s Roadmap

Twelve levels, in order. Start at Level 1 and work your way up; each level builds on the one before it.

490 lessons · Levels 1–10 free · 11–12 for members

Start at Level 1

Choose your level

Level 07 of 12 · Free

Economic Analyst

Central banks, macro data and the reports that move markets.

  • 54 lessons
  • 7 modules
  • ≈ 6 h 40 min reading

The Fundamentalist Mindset

6 lessons

  • What Fundamental Analysis Really Is

    Fundamental analysis judges worth from the forces under price: rates, growth, and risk appetite. The chart shows what happened; this shows why it continues.

    6 min read

  • Macro vs Micro Fundamental Analysis

    Macro judges whole economies; micro judges one asset's own numbers. Same market, different field of view, and the two can disagree for months.

    6 min read

  • Top-Down Fundamental Analysis

    Start with the global economy, narrow to sector, then asset: the top-down route lets the biggest forces choose the neighborhood before you pick the house.

    6 min read

  • Bottom-Up Fundamental Analysis

    Start with the asset, widen to the sector, then the economy: the bottom-up route judges the most checkable evidence first and assigns every story a shelf life.

    7 min read

  • When Fundamentals Meet Technicals

    Fundamentals set the bias, technicals set the trigger. How the two layers split the work, what to do when they disagree, and who sets the stop.

    7 min read

  • The Economic Cycle, Explained

    Every economy loops through expansion, peak, contraction, and trough. The four stages, what each does to assets, and why the strongest headlines arrive last.

    7 min read

Macroeconomics and Market Drivers

10 lessons

  • What Moves Markets: The Macro Framework

    One question sits under every big move: is money reaching for risk or hiding from it. The four forces that answer it, and how to weigh them.

    6 min read

  • Supply and Demand at the Macro Level

    The chart's oldest force, rebuilt for whole economies: slow supply, fast demand, and the gap between them that becomes prices, wages, and rates.

    6 min read

  • Inflation: What It Is and Why Markets Care

    Inflation is a steady fall in what money buys. How it is measured, why it pushes every rate decision, and what 2 versus 8 percent really costs.

    7 min read

  • Deflation and Stagflation, Explained

    Falling prices sound like a gift and behave like a trap; stagflation breaks both dials at once. The two rare conditions that break the playbook.

    7 min read

  • Interest Rates: The Macro Driver

    Interest rates are the price of money, and one number moves mortgages, factories, savers, and currencies. How the ripple works, and why words matter.

    8 min read

  • Interest Rates and Asset Prices

    Rates are the gravity of finance. How one decision travels through currencies, stocks, bonds, and commodities by four separate routes.

    7 min read

  • Currency Strength and Weakness, Explained

    Currency strength is a ranking, never a trophy. The four forces that reshuffle it, and why every forex candle carries two judgments at once.

    7 min read

  • Trade Balance and the Current Account

    Exports, imports, and the wider ledger behind them: what surpluses and deficits signal for a currency over years, not days.

    8 min read

  • Geopolitical Events and Market Impact

    Wars, sanctions, elections: why markets sell the fog first and apologize in the retracement, and when a shock keeps its bite.

    8 min read

  • How News Events Move Price: A Deep Dive

    Why the number itself is never the story: the gap between expected and actual, and how the same news can send price in opposite directions.

    7 min read

Central Banks

8 lessons

  • What Central Banks Are and What They Do

    The institution behind the money: what a central bank controls, what it merely influences, and why its words move markets as hard as its decisions.

    7 min read

  • The Federal Reserve: Mandate and Markets

    The largest ship in the canal: how the Fed is built, what its dual mandate argues about, and why one meeting reprices every asset class.

    8 min read

  • Major Central Banks Beyond the Fed

    The ECB, BOE, BOJ, BOC, and RBA: who sets policy for each major currency, how their mandates differ, and why the same words land differently.

    9 min read

  • Hawkish vs Dovish: What They Mean

    Two words that carry trillions: what hawkish and dovish actually mean, why the market grades the tone, and how a single phrase re-prices everything.

    9 min read

  • Rate Decisions: How to Read and Trade Them

    Hold, hike, or cut: what happens on decision day, where the surprise really hides, and how to be nearby without being run over.

    8 min read

  • Quantitative Easing and Tightening

    The toolkit's two extremes: how bond buying pushes long rates down, what tightening reverses, and how both reach your charts.

    8 min read

  • Forward Guidance: How Words Move Markets

    The bank reading its diary aloud: what forward guidance promises, how traders decode the phrasing, and what happens when a promise breaks.

    7 min read

  • Central Bank Meetings: Prepare and Position

    Volatility holidays, printed a year ahead: how the meeting calendar is built, what meeting day feels like, and how to position for stacked weeks.

    8 min read

Key Economic Indicators and Reports

13 lessons

  • The Economic Calendar: A Trader's Guide

    The schedule of everything that can move your market this week, and how to filter it down to the hours that actually carry risk.

    8 min read

  • GDP: What It Measures and How to Trade It

    The economy's odometer: what GDP measures, why the release rarely shocks, and how to read the mix inside a headline.

    8 min read

  • The CPI Report: Reading Inflation Data

    The same shopping basket, rung up every month. What the CPI contains, why core strips food and energy, and what a surprise does to rates.

    8 min read

  • PPI: The Upstream Inflation Signal

    Prices at the factory gate, before they reach the shelf. What the PPI measures, how it hints at CPI, and why markets trade it quietly.

    7 min read

  • PCE: The Fed's Preferred Inflation Gauge

    The CPI is the menu, the PCE is the tab. Why the Fed targets this gauge, how the two disagree, and what that means for rates.

    7 min read

  • NFP: The Most Watched Employment Report

    A monthly headcount at the world's most important workplace. What the NFP counts, why revisions matter, and what the first minute does.

    8 min read

  • Unemployment Rate and Jobless Claims

    The monthly photograph and the weekly video feed of the labor market: what each series tracks, and why they argue at turning points.

    7 min read

  • PMI: The Leading Economic Indicator

    One number splits expansion from contraction. What purchasing managers know before the data arrives, and how to read the 50 line.

    8 min read

  • Retail Sales: Consumer Spending as a Signal

    What the checkout scanners hear: the freshest monthly read on the household engine, and why the core matters more than the headline.

    7 min read

  • Consumer and Business Confidence, Explained

    Mood as an economic input: what households and firms say they will do, when to believe them, and when the data says otherwise.

    8 min read

  • Housing Data: Permits, Starts, Home Sales

    The most rate-sensitive corner of the economy: permits, starts, and home sales, and the order in which they turn.

    7 min read

  • Trade Balance and Import Export Data

    Money in, money out: what the trade balance measures, why trade flows are currency flows, and how one print can tell two opposite stories.

    7 min read

  • Reading a Data Release: Beat, Miss, In-Line

    Beat, miss, in-line: every release answers one question against a consensus drawn in advance. How to score the gap, and what it moves.

    7 min read

Company and Asset Fundamental Analysis

11 lessons

  • Financial Statements: The Three Documents

    The income statement, the balance sheet, and the cash flow statement: what each measures, and how the three pages tie into one reality.

    8 min read

  • The Income Statement: Revenue to Profit

    From revenue at the top to net profit at the bottom: the subtraction waterfall every public company reports, and how to read each layer.

    6 min read

  • How to Read the Balance Sheet

    What a company owns and owes on a single date: assets, liabilities, and equity, and why the equation never breaks.

    8 min read

  • The Cash Flow Statement, Explained

    Profit is an opinion, cash is a fact: the three sections of the cash flow statement and what they reveal about a company's real health.

    9 min read

  • EPS: Why Earnings Per Share Moves Prices

    Profit sliced per share: what EPS is, why diluted differs from basic, and why the market reacts to the gap rather than the print.

    7 min read

  • The P/E Ratio: How to Use It

    A price tag expressed in years of profit: what P/E tells you, why it only makes sense in comparison, and where it breaks.

    8 min read

  • The P/B Ratio: Price to Book, Explained

    The price of the bricks versus what the market thinks management can build with them: where P/B fits, and where it misleads.

    8 min read

  • Revenue Growth and Profit Margins

    How fast the top line grows, what survives as profit, and why a business can double its sales and still be worth less.

    8 min read

  • Debt Levels and Leverage Ratios

    How much of a business runs on borrowed money: the ratios that measure leverage, and when debt turns from tool to threat.

    8 min read

  • DCF: Discounted Cash Flow, Explained

    Compound interest read backward: how DCF turns future cash into today's value, and why it is a framework rather than an answer.

    7 min read

  • Earnings Season: How to Trade Around It

    The parade that moves every stock a few weeks a quarter: what actually moves price on earnings day, and how to be nearby without being in the way.

    7 min read

Sentiment and Positioning Data

4 lessons

  • Market Sentiment: Fear and Greed

    The crowd's mood between fear and greed: what market sentiment is, the tools that measure it, and why extremes are information.

    8 min read

  • The COT Report: How to Read It

    The weekly public record of how the big futures money is positioned: who holds what, what extremes mean, and why the lag rarely kills the signal.

    7 min read

  • The VIX: Reading Market Fear

    A seismograph for stocks: what the VIX measures, how to read its levels, and why it tells you the size of coming moves but never the direction.

    7 min read

  • Sector Rotation: How Money Changes Camps

    Money moves between industry groups as the cycle turns: why it moves, which sectors lead at each stage, and why rotation confirms rather than predicts.

    8 min read

Options and News Trading

2 lessons

Next level: Indicator Expertise

What each indicator measures, when it helps and when it misleads.

60 lessons · Free

Members

Levels 1–10 are free. Members go deeper.

Levels 11–12, Strategy Crafter and The Mastermind, and the macro Fundamental Core are for members.

See plans

Educational content, not financial advice. See our Disclaimer.