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:


Becoming a Better Trader – How to Handle a Drawdown

Today, we discussed the nature of drawdowns and how to handle them, both varieties - normal and problematic.
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Becoming a Better Trader – Creating Consistency (Video)

Today, we discussed how to create consistency in various ways across the entire process of trading.
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Becoming a Better Trader – Identifying Trade Set-ups

Today, we looked at one market participant's process and favored trade-types in hopes of helping you test your ways of thinking and finding what works best for you.
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ETH vs BTC - Ether and Bitcoin Spread; De-Risking Crypto Trading?

Trading the two largest cryptocurrencies against each other gives investors an opportunity to capture token outperformance while reducing general cryptocurrency risk.
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Patience in Trading: Why It Pays Not To Be Too Greedy In FX

Trying to sell at the very top and close the position at the very bottom is a bad idea: better to be patient and make sure you aren’t being too rapacious.
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Forex Education Home
  Beginner
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News

Weekly Trading Forecast: A New Front on Trade Wars Will Test Risk Trends, Dollar

Risk assets have broadly notched a week of retreat as trade wars have spread into the developed world economy. Themes are of greater consequence than specific data in the week ahead, but that poses more systemic threat than one-off indicators could have roused.
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Yuan Weakness to Persist on RRR Cut Bets, Trade War; Equity Losses May Ease

US Dollar Rally May Regain Momentum Amid Trade War Worries

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