Trade FOREX with FXCM
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How Forex trading works from the beginning. How to read quotes, make orders and trades, develop your strategy and more. This 10 page guide will help anyone get started in the world's largest and most global market.
A good trader never stops learning, and every mistake is another potential learning experience. Here are some of the top lessons our analysts learned, absorbed or suffered from our personal trading in 2014.
Learn the basics of Elliott Wave Analysis, one of the most misunderstood theories of technical analysis. When its rules are understood and applied correctly, Elliott Wave Analysis can often help you interpret and forecast price action.
Major economic events and fundamental developments are closely watched by currency traders, as they reflect the strength of a given economy and may indicate direction of a given currency. Trading the News is often difficult and may not be suitable to everyone, but the volatility that follows can generate a trading opportunity.
View an in-depth guide to Elliott Wave for forex traders who are already familiar with the approach to the markets.
Auto trading has exploded in popularity in recent years, which is both good and bad. It is good because what was formerly the domain of only sophisticated institutional traders is now available to many investors. Bad because with auto trading come untold promises of riches; this guide is not that. Read on why you might think about auto trading the FX market.
With the basics covered, we will outline a simple strategy that can be tailored to meet different market conditions as well as the various styles of trading. This is the strategy we will play SHOULD we see a confirmed move in the price action following the release.
The use of square root relationships in market analysis is a relatively unknown method of identifying potentially important inflection points in price. Despite this lack of widespread use, square root relationships are one of the easiest and most reliable methods of identifying potential support and resistance points in just about any freely traded instrument.
Here's a secret about trading that seasoned traders will say often, but novices will learn often the painful way: there is no Holy Grail trading system. Instead we'll focus on simple currency price action in order to analyze and trade major ranges.
The US Dollar has maintained an incredible advantage through monetary policy scales as the Federal Reserve stands as one of the few major central banks that is proactively looking to raise rates. We see odds this may continue to boost the Greenback in Q3.
Gold languished in a choppy range above the $1100/oz figure in the second quarter, waiting for clear-cut direction cues from the Federal Reserve. But the potential for fresh Fed moves threatens to break the impasse in the Third Quarter.
Continued turmoil in Greece remains the front-of-mind concern across not only European markets but the globe. We weigh the odds on what promises to be another eventful several months for the European currency.
The Japanese Yen fell against the US Dollar for the fourth-consecutive calendar quarter, but early signs of economic turnaround may help the JPY stabilize through the second-half of 2015.
The past year was defined by a global capital market that grew increasingly skeptical of the persistent 'reach for yield' and a substantial shift in the ranks for monetary policy. Heading into 2015, speculation over central banks' next moves will find even greater prominence. The DailyFX Analysts list their top trades with these scenarios in mind.
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