# ForexMechanics

> Free, institutional-grade Forex education. 144 data-driven articles across 16 sections, 24 interactive calculators & simulators, a trader toolkit, and a 239-term glossary — sourced from BIS, ESMA, CFTC, FCA and Federal Reserve data. No advertising, no broker affiliates, no signal services. Published in English (ForexMechanics.com) and in the original Polish edition (MyBank.pl/forex).

Author: Jarosław Wasiński, editor-in-chief, 20+ years in financial markets (founder of MyBank.pl in 2004, active in Forex since 2007).
LinkedIn: https://www.linkedin.com/in/jaroslaw-wasinski-137203351
Polish author profile: https://mybank.pl/autor/jaroslaw-wasinski/

## Key pages

- [Homepage](https://forexmechanics.com/): course overview, interactive tools, FAQ, syllabus
- [Full Course Syllabus](https://forexmechanics.com/course/): all 16 modules and 144 lessons in learning order
- [Forex Glossary (239 terms)](https://forexmechanics.com/glossary/): definitions with worked numerical examples and formulas
- [Forex Calculators & Simulators (24 tools)](https://forexmechanics.com/tools/): position sizing, margin, pip value, Monte Carlo, drawdown, expectancy, decision lab
- [Trader Toolkit & Checklists](https://forexmechanics.com/toolkit/): printable & browser checklists, emergency plan, strategy testing protocol, code kit
- [Educator Pack](https://forexmechanics.com/educators/): open educational resources, syllabus templates, and reuse guidelines
- [About](https://forexmechanics.com/about/): author credentials, project mission
- [Methodology](https://forexmechanics.com/methodology/): editorial policy, source hierarchy, fact-checking process, conflict-of-interest declarations
- [Full disclaimer](https://forexmechanics.com/disclaimer/): YMYL risk disclosures
- [Contact](https://forexmechanics.com/contact/): editorial inquiries, corrections

## Section index (16 sections / 144 articles)

- [1. Introduction to Forex](https://forexmechanics.com/introduction/): what forex is, history, market size, role in the global economy, myths
- [2. Core concepts & mechanics](https://forexmechanics.com/forex-basics/): currency pairs, pips, lots, leverage, margin, spreads, order types, costs
- [3. Market participants](https://forexmechanics.com/market-participants/): interbank, central banks, hedge funds, HFT, retail, prime brokers
- [4. Trading hours & time](https://forexmechanics.com/trading-hours/): sessions, overlaps, calendar events, gaps, liquidity
- [5. Technical analysis](https://forexmechanics.com/technical-analysis/): charts, patterns, indicators, Fibonacci, Elliott, multi-timeframe
- [6. Fundamental analysis](https://forexmechanics.com/fundamental-analysis/): macro drivers, monetary policy, NFP/CPI/GDP, carry trade, COT, valuation
- [7. Intermarket & sentiment](https://forexmechanics.com/intermarket-analysis/): bonds, commodities, equities, VIX, DXY, risk-on/off, cross-asset
- [8. Trading strategies](https://forexmechanics.com/trading-strategies/): scalping, day trading, swing, position, trend, breakout, news, algo
- [9. Risk management](https://forexmechanics.com/risk-management/): survival, risk of ruin, stop loss, sizing, R:R, drawdown, VaR
- [10. Trader psychology](https://forexmechanics.com/psychology/): biases, emotions, tilt, journal, reset protocols, FOMO, process
- [11. Platforms & tools](https://forexmechanics.com/platforms-tools/): MT4/MT5, cTrader, FIX API, VPS, calendars, backtesting
- [12. Choosing a broker](https://forexmechanics.com/choosing-broker/): broker types, A-Book vs B-Book, execution quality, spreads, red flags
- [13. Regulations & safety](https://forexmechanics.com/regulations/): FCA, CySEC, ASIC, leverage caps, client money, compensation, offshore
- [14. Taxes & record-keeping](https://forexmechanics.com/taxes-records/): how forex profits are taxed, cross-border reporting, loss carry-forward
- [15. Practical trader's workshop](https://forexmechanics.com/traders-workshop/): desk, plan, strategy, backtesting, workflow, journal, audit, scaling
- [16. Synthesis & career](https://forexmechanics.com/synthesis-and-career/): final exam, systems graveyard, career paths, track record, certifications, business structures, continuing education

## Interactive Calculators & Simulators (/tools/)

- [Position Size Calculator](https://forexmechanics.com/tools/position-size-calculator/): lot sizing from equity, risk %, stop distance, commission and margin caps
- [Pip Value Calculator](https://forexmechanics.com/tools/pip-calculator/): pip value in account currency across major, minor and cross pairs
- [Margin Calculator](https://forexmechanics.com/tools/margin-calculator/): required initial margin by leverage tier and notional exposure
- [Risk/Reward Calculator](https://forexmechanics.com/tools/risk-reward-calculator/): R-multiples, break-even win rate and net target comparison
- [Monte Carlo Simulator](https://forexmechanics.com/tools/monte-carlo-simulator/): drawdown distribution and equity curve simulation over randomized trade sequences
- [Drawdown & Recovery Calculator](https://forexmechanics.com/tools/drawdown-calculator/): asymmetric loss recovery math and consecutive loss impact
- [Expectancy Calculator](https://forexmechanics.com/tools/expectancy-calculator/): expected value per trade in R and currency after execution costs
- [Swap & Rollover Calculator](https://forexmechanics.com/tools/swap-calculator/): overnight financing cost including triple-swap rollover days
- [Decision Lab](https://forexmechanics.com/tools/decision-lab/): interactive scenario-based trading and risk exercises
- [Market Data Atlas](https://forexmechanics.com/tools/market-data-atlas/): empirical FX turnover, liquidity and volatility reference data
- [Portfolio Exposure & Correlation](https://forexmechanics.com/tools/portfolio-exposure/): currency leg decomposition and aggregate portfolio heat
- [Pre-Trade Ticket](https://forexmechanics.com/tools/pre-trade-ticket/): structured pre-execution validation worksheet

## Trader Toolkit (/toolkit/)

- [Trader Checklists](https://forexmechanics.com/toolkit/trader-checklists/): pre-market, pre-trade, end-of-day and weekly review checklists
- [Emergency Outage Plan](https://forexmechanics.com/toolkit/emergency-plan/): broker duty contact card and incident response protocol
- [Strategy Testing Protocol](https://forexmechanics.com/toolkit/strategy-testing-protocol/): out-of-sample validation and anti-curve-fitting rules
- [Technical Analysis Cheat Sheet](https://forexmechanics.com/toolkit/technical-analysis-cheat-sheet/): indicator formulas, inputs and limitations
- [Currency Pair Profiles](https://forexmechanics.com/toolkit/currency-pair-profiles/): session liquidity, macro drivers and volatility profiles for major pairs
- [Trader Code Kit](https://forexmechanics.com/toolkit/trader-code-kit/): reproducible Python/MQL scripts for data verification

## Optional & Machine-Readable Indexes

- [Polish original edition](https://mybank.pl/forex/)
- [Full content digest](https://forexmechanics.com/llms-full.txt): all 144 articles with key takeaways, tools and glossary overview in one plain-text file
- [Sitemap Index](https://forexmechanics.com/sitemap-index.xml)

## YMYL disclaimer

Forex and leveraged CFD trading carries a high risk of rapid capital loss. According to ESMA data (2018), 74–89% of retail CFD accounts lost money. Content on this site 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.