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:


Foundations of Technical Analysis- Trendlines & Slope Analysis

Review how to use slope-lines and simple multi-timeframe analysis to construct a basic trade setup in the first installment of this new bi-weekly webinar series.
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Forex Trading and the Necessity of Risk Management

While a considerable portion of most traders' attention is focused squarely on market analysis, lacking the framework with which to properly employ that analysis can make even the strongest methods worthless. In this article, we look at risk management and how important it is for the trader.
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3 Big Mistakes Traders Are Making in 2017 And How To Correct Them

Has trading FX this year been more difficult than expected? You are not alone and here are three culprits to blame and fix if you are having a hard time.
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Introduction to Multi-Time Frame Analysis

In this series we piece together the anatomy of trade setup. In part 3 we’ll focus on how multi-time frame analysis can improve your trading.
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Introduction to Basic Pitchfork / Median-line Analysis

In this series we piece together the anatomy of trade setup. In part two we’ll focus on identifying, constructing and utilizing basic pitchforks and parallels.
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Forex Education Home
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FX Markets Turn to UK & US GDP Data, FOMC Rate Decision

The last full week of July promises event-driven volatility with several key data releases due in the days ahead.
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Euro Resilience to be Tested by PMI Data, ECB Commentary

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