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.

 Learn More

  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.
 Learn More

  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.
 Learn More

  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.

 Learn More


Latest Educational Articles for Beginners:


Foundations of Technical Analysis: Managing Risk

A discussion on how a subtle shift in the way we approach risk management may improve your performance in the fourth installment of this bi-weekly webinar series.
Continue Reading


3 Elliott Wave Flat Patterns to Know and Understand

Understanding Elliott Wave Theory and its patterns can act like a GPS for the markets. Today, we study the flat pattern.
Continue Reading


Fibonacci in the Forex Market

There are numerous ways for traders to make trading decisions, and support and resistance is at the top of many traders' lists for trade identification and risk management. In this second of our three-part series, we delve down the rabbit hole of Fibonacci.
Continue Reading


Foundations of Technical Analysis: Fibonacci & RSI

An introduction to Fibonacci & RSI in the third installment of this new bi-weekly webinar series on the Foundations of Technical Analysis.
Continue Reading


Support and Resistance in the Forex Market, Part One

There are numerous ways to identify support and resistance levels in the Forex market, and in this article series we're going to look at three of the more popular. In part one, we look at psychological levels, aka whole number support and resistance.
Continue Reading

Forex Education Home
  Beginner
  Intermediate
  Advanced
  Expert
Advertisement

News

Crude Oil Price Hit 4-Month High, Gold Drops on FOMC Outcome

Crude oil prices rose to a four-month high as OPEC-led producers stepped up output cut efforts and US refining showed signs of post-hurricane resilience. A hawkish Fed sank gold.
Continue Reading

NZD/USD Testing Key Resistance Barrier Ahead of FOMC, New Zealand GDP

Federal Reserve Interest Rate Forecast to Sway EUR/USD Outlook

Time Event/Host