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.

  Beginner

This is the time to get the basics set for the foundation of your forex trading education. In this section, you will learn the following:

  • Introduction to the Foreign Exchange Market
  • The most popular currency pairs and asset classes
  • Importance concepts in the Forex market such as leverage and margin, order types and more.

This is the time to get the foundation set for the rest of your forex education, and it's absolutely critical that new traders are familiar and comfortable with the concepts learned during this stage.

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  Intermediate

This is the stage in which traders will begin to learn how to navigate around constantly changing markets as an endless amount of information is flowing at them from multiple directions. During this section, you will learn the following:

  • The role of economics and supply/demand relationships
  • The importance of economic data announcements and how prices can drive off of new data
  • Introduction of indicators and sentiment analysis to assist with buy/sell decisions.
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  Advanced

This is the stage when we'll begin to look at how the concepts introduced in the Beginner and Intermediate stages are utilized in 'real world' scenarios. This is when we'll begin to move from the theoretical to the practical. During this stage, you will learn:

  • Price action analysis to assist a trader's technical approach.
  • How to mesh technical and fundamental analysis while keeping an eye on risk management.
  • An Introduction to Trading Psychology.
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  Expert

This is the capstone, as we'll begin to integrate the concepts learned in the earlier three stages in order for traders to be able to implement their own buy/sell decisions while taking a risk-efficient approach towards managing exposure. During this stage, you will learn:

  • How to compose, follow, and modify a trading plan.
  • How to adapt an approach to varying market conditions.
  • How to integrate advanced forms of analysis such as Elliot Wave, or Ichimoku.

During this stage, special importance is placed on the topic of risk management, as this is often considered to be one of the most critical determinants of a trader's success or failure.

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Latest Educational Articles for Beginners:


Understanding And Employing Correlation Analysis In Your FX Trading

Correlation Analysis is becoming a mainstay to traders who focus on how other markets affect the asset their trading. Learn how to use this analysis here.
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What Does a Flat Pattern Illustrate for Gold Prices?

Elliott Wave flat patterns eat up time as a consolidation. Gold prices appear to have carved an Elliott Wave flat pattern suggesting further gains.
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Forex Education: How Do You Begin Counting Elliott Waves?

One of the most common question when analyzing markets using Elliott Wave Theory is how do you know where to start counting?
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Forex Education: Trading Elliott Wave Diagonals

Elliott Wave is a type of analysis that helps provide structure for your trades. Here is a review of the diagonal pattern, how to identify and how to trade them.
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What New FX Traders Should Know About Major Currencies [Webinar]

When new to trading, FX traders are often unaware of how to approach different currencies. Let us guide you on what each currency offers traders.
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Forex Education Home
  Beginner
  Intermediate
  Advanced
  Expert
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Get Ready for Gap Open in EUR-Crosses Thanks to French Election

With French election results coming out before markets open up on Sunday, expect a sizeable gap in the EUR-crosses (results due out at 14:00 EDT; FX markets open at 17:00 EDT).
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Weekly Forecast: French Election, Trump Tax Plan, US GDP in Focus

CAC 40 to Move on Presidential Election Results; FTSE 100 at Support, S&P 500 in Limbo

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