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.
With a fundamental backdrop of steady growth, unprecedented market liquidity and an outlook for rising interest rates; the Dollar carries one of the best resumes in the FX market. That said, the novelty and untapped potential in its 'relative strength' have diminished significantly.
The direction of gold prices reflects the markets' opinion on paper currencies. Investors flock to the metal in search of an alternative store of value when inflation threatens to undermine the value of fiat money. Where will the major currencies drive the precious metal through the coming months?
The Euro's precipitous decline over the first three-months of the year measured up to a 10% drop from EURUSD from its opening levels of the year. The Euro's decline and subsequent rebound in Q1'15 were influenced by the same two factors that will likely dictate the path forward.
A remarkable turn in sentiment leaves the Japanese Yen as the third-best performing G10 currency through 2015, but will it carry bullish momentum heading into the second quarter? Focus will remain on the BoJ as well as its major counterparts as we head into a potentially pivotal period for the US Dollar.
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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