1
Before the week
Your workPrepare your view and watchlist.
Review the research, key events and markets you want to follow.
Your mentor checks
Why these markets? What matters most? What could change your view?
Learn the market.
Build your own view.
Start with the foundations. Practise with a mentor. Learn to explain, plan and review your own trades through 4 stages of development.
What you learn at each stage.
Select a stage to see the work you do, the feedback you receive and what you are working towards.
Understand why markets move.
Learn to read economic information and explain what it could mean for a currency.
What you learn
- How currencies and markets work.
- How inflation, jobs and growth affect interest rates.
- What central banks and research reports are saying.
What you do
- Read and compare central bank statements.
- Find the main point in a research report.
- Complete quizzes and practical assignments.
What your mentor checks
- Can you explain the information in your own words?
- Have you identified what the central bank is watching?
- Can you separate important details from background noise?
Example assignment
Read a central bank statement.
You send
A short summary: what changed, which data the bank is watching and what you will follow next.
Your mentor
Checks whether your summary matches the statement and asks you to explain the reasoning.
Your goalExplain what you are reading and why it matters.
Full stage details 14 topics · 6 practical tasks
Understand how the market works before trying to trade it.
This stage is not passive. You complete quizzes and assignments and begin practical exercises rather than only watching lessons. Early on, the terminology, the different report structures and the sheer amount of information can feel overwhelming. That is expected, and it is what the exercises are for.
Topics covered
Money and currenciesSupply and demandMarket participantsMacroeconomicsInflationGrowthEmploymentCentral banksInterest ratesMonetary policyMarket expectationsRisk sentimentInstitutional researchEconomic thinking
Practical tasks
- Interpret a central-bank statement.
- Identify what data the bank currently cares about.
- Separate the statement from the longer report.
- Track policy guidance across meetings.
- Compare several central banks.
- Read investment-bank research and extract the actual thesis rather than every piece of information.
Your weekly focus
- PreparationStudy the modules. Read the week's central bank statements and bank research.
- PracticeQuizzes and assignments: interpret a statement, track guidance, compare banks.
- ReviewRecap what the data said and what the banks are watching now.
Turn an idea into a trade plan.
Use the framework you are taught to prepare, manage risk and review your decisions.
What you learn
- How to choose markets for your watchlist.
- How to plan entries, stops, targets and position size.
- How to prepare the week and keep a useful journal.
What you do
- Explain why each market is on your watchlist.
- Write a trade plan before acting.
- Record the idea, the execution and what to improve.
What your mentor checks
- Does the plan follow the market view?
- Are the entry conditions and risk clearly defined?
- Did your actions match the plan?
Example assignment
Prepare 1 trade idea before entering.
You send
The reason for the idea, entry conditions, stop, target, position size and what would make the idea wrong.
Your mentor
Reviews the plan and risk, then compares your execution with what you intended to do.
Your goalBring a clear plan, with defined risk and reasons for each decision.
Full stage details 16 topics · 4 practical tasks
Turn understanding into a repeatable trading process.
At this point we give you the structure and teach the process directly, so you can concentrate on learning execution and application. Your mentor reviews the work with you before more of the analytical load is added.
Topics covered
Smart Bias / market biasTrade idea generationWatchlistsTechnical contextExecutionMomentumChoppy conditionsEntry rulesStopsTargetsPosition sizingTrade managementJournalingDaily market workWeekly preparationLive application
Practical tasks
- Build a watchlist from the current bias and explain why each pair is on it.
- Plan a trade with entry conditions, stop, target and size before it happens.
- Journal every trade: the idea, the execution, and what should change.
- Prepare the week in advance and review it at the end.
Your weekly focus
- PreparationBuild the watchlist from the current bias. Plan entries, stops, targets and size.
- PracticeExecute the plan. Journal every trade. Check with your mentor before risk events.
- ReviewWeekly recap, reviewed by your mentor.
Build your own market view.
Take on more of the analysis yourself. Your mentor challenges the reasoning with you.
What you learn
- How to compare evidence that points in different directions.
- How to decide which information matters most.
- How to recognise when your view needs to change.
What you do
- Write and explain your own weekly market view.
- List the evidence that disagrees with you.
- Rank the week’s information by importance.
What your mentor checks
- Is the view supported by evidence?
- Have you considered the strongest opposing argument?
- Can you explain what would change your mind?
Example assignment
Present your view for the coming week.
You send
Your expected direction, the evidence behind it, the strongest conflicting information and what would change your view.
Your mentor
Questions the assumptions, checks how you weighed the evidence and helps you find gaps in the reasoning.
Your goalExplain your own view, its limitations and when to reconsider it.
Full stage details 7 topics · 3 practical tasks
Construct more of the view yourself, with mentor review.
Now you increasingly construct the bias, compare the evidence, identify the disagreements and justify the decision yourself. The mentor stays in the loop to pressure-test the reasoning and correct weak spots as they appear.
Topics covered
Constructing market biasComparing evidenceIdentifying disagreementsInterpreting changing expectationsPrioritizing informationDeveloping independent ideasJustifying decisions
Practical tasks
- Write the weekly bias yourself and defend it to your mentor.
- List what conflicts with your view and what would change it.
- Rank the week's inputs by weight and explain the ranking.
Your weekly focus
- PreparationWrite your own weekly bias and defend it to your mentor.
- PracticeList what conflicts with your view and what would change it. Trade it.
- ReviewRank the week's inputs by weight. Review the decisions, not the P&L.
Run and improve your own process.
Prepare, make decisions and review your work independently, with continued mentor feedback.
What you learn
- How to keep analysis, execution and risk consistent.
- How to spot recurring mistakes in your journal.
- How to make your preparation and review more effective.
What you do
- Complete the full weekly preparation yourself.
- Bring your own ideas and conflicting evidence for review.
- Identify process changes in your monthly review.
What your mentor checks
- Are your decisions consistent with your reasoning?
- Have you identified the causes of recurring mistakes?
- Will the changes address the actual problem?
Example assignment
Bring your own monthly review.
You send
Patterns from your journal, what you think caused them and the specific changes you want to practise.
Your mentor
Challenges your conclusions and refines the changes you have already identified.
Your goalRun the process yourself and use feedback to improve it.
Full stage details 8 topics · 3 practical tasks
Operate the full process consistently and use mentor feedback for refinement.
The work becomes refinement. By now the framework has been taught and practiced repeatedly, so the mentor can focus more on reviewing, challenging and sharpening the market view you produce.
Topics covered
Independent market preparationInformation weightingDecision qualityExecution refinementAdvanced reviewRisk consistencyProcess efficiencyBroader market responsibility
Practical tasks
- Run the weekly preparation process on your own, without being asked.
- Bring your own market view, conflicts and invalidation points for review.
- Use the journal and monthly review to identify process changes before the mentor does.
Your weekly focus
- PreparationRun the full weekly preparation on your own, start to finish.
- PracticeBring your own view, conflicts and invalidation points for review.
- Monthly reviewYour monthly review finds the process changes before the mentor does.
Between Associate and Junior · Live FirePut your learning
Put your learning
into practice.
You bring your trade plans, decisions and journal to your mentor. Together, you look at what happened and decide what to improve next.
The review includes how you respond to pressure: rushing an entry, hesitating, changing your risk or taking a trade you had not planned.
How a review becomes a correctionFrom a private mentoring exchange · November 2025
Student’s journal
Several losing trades. Different decisions behind each one.
Mentor’s review
Checks each trade separately: news timing, entry, stop placement and the original idea.
Student’s next steps
Wait for the relevant releases. Check the stop. Review the wider chart before entering.
What you do each week.
Your private channel keeps the work and feedback in 1 place. The tasks become more independent as you progress.
2
During the week
Your workShare plans, trades and questions.
Explain your entry, stop, target and risk. Record what you actually did.
Your mentor checks
Does the plan fit the idea? Did timing, risk or emotion affect the decision?
3
At the review
Your workBring your journal and recap.
Compare the decisions with your plan, including trades you chose to skip.
Your mentor checks
What worked? What keeps going wrong? What will you practise next?
At Analyst level, the focus is lessons, research and practical assignments. Trade planning and journaling develop from Associate onwards.
How you use what you learn.
You practise the same idea in 3 ways: explain it, understand why it matters, then use it to check a decision.
Step 1Understand it
What does the information tell you?
Example: the PMI is a monthly survey of purchasing managers. Above 50 means expansion, below 50 contraction.Step 2Put it in context
How much does it matter here?
Example: the PMI is forward-looking, so it can change growth expectations before GDP confirms them. Its importance depends on market expectations and the current economic theme.Step 3Use it in a decision
Does your plan change?
Example: before a PMI release, review whether the new information could change your view or the risk in your plan. Your mentor checks how you apply the concept.How you move to the next stage.
There is no fixed number of weeks per stage. You move on when your understanding and practical work are ready for the next level.
Knowledge + practice + mentor review
- 1
You understand the material.
Quizzes and the stage assessment check understanding and your ability to explain the reasoning.
- 2
Your practical work holds up.
Preparation, trade ideas and your journal show that you can apply the process.
- 3
Your mentor signs it off.
You receive a clear review of what is ready and what still needs work. Staying longer to strengthen a stage is part of the journey.