Risk and drawdown
Risk is not the same thing as loss. A loss is what happened; risk is what could have happened. An account that made 20 % but was down by half along the way is a completely different animal from one with the same result and a worst drop of five percent — even though the table gives them the same number.
The clearest measure of that discomfort is drawdown: how far the account has fallen from its own high-water mark. It tells you how unpleasant holding the position was, not what it finally returned.
The rest is free — you just need to sign in
Course progress belongs to your account, not to your browser — a half-read chapter waits for you on the laptop and on the phone alike. Without an account nothing is saved.
The first chapter of every course is public. Chapters 2+ and the quizzes need a sign-in — still free.
Underlined terms lead to their glossary entry — a definition, an explanation and what the term means in KVERX. More in the glossary →
The academy is written and maintained by Caroline Technologies, the company behind KVERX. What it says about KVERX follows the product’s own rules — see How it works. Nothing here is investment advice: Risk warning.