EODHD Academy

Swaps & CFDs

The two contracts that move exposure without moving assets — swapped cashflows, CFD financing, and the arithmetic of leverage told honestly.

4 units · 16 lessons · 63 min read · plus hands-on practice, at your pace

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What is a swap, really?

Swaps · 4 min read · practitioner

Start the first lesson

Unit 1 Swaps

  1. What is a swap, really? 4 min
  2. How does a fixed-for-floating swap actually pay out? 4 min
  3. Who actually uses interest rate swaps, and why? 3 min
  4. Why does a swap that started at zero end up worth millions? 4 min
Practice Check · Unit 1 A short check · cannot be failed Start

Unit 2 Swaps in Practice & Hidden Leverage

  1. What is an FX swap, and what is the cross-currency basis? 4 min
  2. What does a total return swap actually transfer? 4 min
  3. How can swaps hide leverage? (Archegos, 2021) 4 min
  4. What changed for swaps after 2008? 4 min
Practice Check · Unit 2 A short check · cannot be failed Start

Unit 3 CFDs Mechanically

  1. What is a contract for difference? 4 min
  2. How does margin actually work on a CFD? 3 min
  3. What does it cost to hold a CFD overnight? 4 min
  4. What happens when the market gaps past your stop? 4 min
Practice Check · Unit 3 A short check · cannot be failed Start

Unit 4 Leverage, Conflicts & Honesty

  1. What does a 5% move do at 20x leverage? 4 min
  2. Why do the rules on CFDs differ so much by country? 4 min
  3. Who is on the other side of your CFD trade? 4 min
  4. Swaps & CFDs — course checkpoint 5 min
Practice Check · Unit 4 A short check · cannot be failed Start

Last Course exam

One exam, the whole course Unlocks when you have read all 16 lessons

Passing it earns the course certificate.