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Forex Education

DailyFX Free Online Forex Trading University

Trading is a journey that can last a lifetime. While the idea of ‘buying low, and selling high,’ might sound simple enough; in actuality, profitable trading is considerably more difficult than just buying when price moves down, or selling when price moves higher. A trader’s Forex education can traverse a variety of market conditions and trading styles.

In the DailyFX Free Online Forex Trading University, we go over a litany of the factors that impact price movements in the Forex market. We’ve organized the content by level of difficulty, starting with the freshman year, and ending with senior year graduation. Clicking on ‘Learn More’ in any of the sections below will take you directly to the curriculum, and you can follow the curriculum simply by clicking ‘next lesson’ at the bottom of each article. This curriculum can provide a large portion of your forex education, and if you’d like more, DailyFX PLUS offers the On-Demand Forex Video Course that offers 15 modules, with 3-4 videos each.

Introduction to Forex Education and Why It Is Important

Freshman Year

This is the time to get the basics set for the foundation of your forex trading education. During this year, we introduce the Foreign Exchange Market, the most popular currency pairs and asset classes, along with some extremely important concepts in the Forex market such as leverage and margin, order types, and available trading sessions.

This is the time to get the foundation set for the rest of your forex education, and its absolutely pivotal that new traders are familiar with and comfortable with the concepts taught during the Freshman year. Learn More

Sophomore Year

During the Sophomore year, traders begin to learn how they can navigate in a world in which an endless amount of information is flowing at them from multiple directions. This is when we begin learning about the role of Economics and Economic data announcements in the Forex market. This is also where we introduce indicators, and sentiment analysis that can be pivotal in the Forex trader’s career. Learn More

Junior Year

The Junior Year is when the student starts to learn how the education and concepts from the Freshman and Sophomore years can be utilized in the real world. Concepts such as Candlestick analysis, Psychology, and meshing Technical and Fundamental vantage points are at the forefront. This is all in preparation of preparing traders for the Senior Year. Learn More

Senior Year

The Senior Year is the most important part of a trader’s education; this is where the trader will begin to get prepared to go out and trade in the real world, on their own. We teach traders how to compose their trading plan, how to trade in differing market conditions, and how to integrate advanced fundamental concepts into their analysis.

An important emphasis is placed on risk management during the senior year, as this is often considered the most important thing for new traders to learn before they can find continuous and consistent success in financial markets. Learn More

Graduate School

A trader’s education is never quite complete. Even consistently profitable forex traders continue their journey in the world of trading in an effort to improve results, reduce risk, or add to their consistency.

This is the ‘Graduate Studies’ portion of a trader’s Forex education, a journey that may never completely come to an end. During this portion of a trader’s career, their continuous learning often entails grading similarities or differences that may exist between asset classes, examining and testing past ‘outlier’ events in an effort to ‘stress-test’ a strategy, and the study of cross-market correlations in an effort to improve the effectiveness of the trader’s approach.

This portion of a trader’s Forex education could last for a very, very long time; and as mentioned earlier – many traders never stop learning. Learn More

If you’re looking for even more in-depth Forex education, DailyFX PLUS offers the On-Demand Video Course; which contains 15 modules with 3-4 videos each. This can help provide the foundation for a solid Forex education.

DailyFX also offers regular webinars in the Live Classroom of DailyFX PLUS, which is available to all live account-holders of FXCM. In the Live Classroom, DailyFX Analysts and Instructors offer 3-4 live webinars each trading day, where they will teach the same principals contained in this field of study, with live market conditions in a dynamic environment.

The DailyFX PLUS Live Classroom is a great way to supplement your education.

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