Crypto and DeFi
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Next: The 24/7 reality: crypto never closes - 3 min
Explain how a market that never closes changes your trading habits compared to forex's 24/5 schedule.
- 1. Open lesson 1: The 24/7 reality: crypto never closes.
- 2. Answer the check before saving it.
- 3. Save it to unlock: Exchanges are discrete venues — and prices disagree.
- 4. Then keep The arbitrage gap (and why it's not free money) visible as the following rep.
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- Lesson 1NextThe 24/7 reality: crypto never closesExplain how a market that never closes changes your trading habits compared to forex's 24/5 schedule.Start this lesson now.
- Lesson 2PreviewExchanges are discrete venues — and prices disagreeShow that crypto prices differ across exchanges at the same moment, unlike forex's interbank quote model.Preview only. Resume stays here.
- Lesson 3PreviewThe arbitrage gap (and why it's not free money)Explain why exchange price differences exist, who closes them, and why retail traders rarely capture this edge.Preview only. Resume stays here.
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- Chapter 1Current10 lessons
How Crypto Differs from Forex
24/7 markets, no central exchange, spot vs derivatives, weekend gaps.
- 1.The 24/7 reality: crypto never closesExplain how a market that never closes changes your trading habits compared to forex's 24/5 schedule.3 minNext
- 2.Exchanges are discrete venues — and prices disagreeShow that crypto prices differ across exchanges at the same moment, unlike forex's interbank quote model.3 minPreview
- 3.The arbitrage gap (and why it's not free money)Explain why exchange price differences exist, who closes them, and why retail traders rarely capture this edge.3 minPreview
- 4.Spot vs perpetual futuresDistinguish between owning the asset (spot) and trading a leveraged derivative without expiry (perpetual futures).3 minPreview
- 5.Centralized vs decentralized exchangesCompare CEX (centralized) and DEX (decentralized) exchanges in terms of custody, control, and trading experience.3 minPreview
- 6.The leverage tier landscape: crypto vs regulated forexUnderstand the wide range of leverage offered across crypto venues and why higher leverage is rarely better.3 minPreview
- 7.Settlement: crypto's instant vs forex's T+2Compare how trade settlement works in crypto (near-instant) versus forex (T+2) and what that means for capital efficiency.3 minPreview
- 8.Weekend liquidity realityUnderstand why crypto's 24/7 schedule produces thinner weekend liquidity and where gap risk shows up.3 minPreview
- 9.Crypto-specific tax treatment basicsCover the high-level reality that crypto taxation is jurisdiction-specific and harsher than most traders expect.3 minPreview
- 10.What transfers from forex (and what doesn't)Identify which forex skills carry over to crypto trading and which assumptions need to be unlearned.3 minPreview
- Chapter 2Preview10 lessons
Bitcoin and the Macro Context
BTC's role, halving cycles, ETF flows since Jan 2024.
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- Chapter 3Preview10 lessons
Altcoins and Narratives
ETH, SOL, the L1/L2 landscape, narrative-driven trading.
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- Chapter 4Preview10 lessons
Spot vs Perpetual Futures
Funding rates, why perps drive price, leverage realities.
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- Chapter 5Preview9 lessons
On-Chain Basics
Transactions, wallets, addresses, gas, MEV.
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- Chapter 6Preview10 lessons
DeFi Primer
AMMs, liquidity pools, impermanent loss, yields.
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- Chapter 7Preview10 lessons
Custody and Security
Cold storage, hot wallets, exchange custody risks, seed phrase security.
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- Chapter 8Preview10 lessons
Trading Crypto vs Forex
What skills transfer, what's different. Cross-market lessons.
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