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: 3 Principles of Price Action Analysis

In this lesson, we dive into the the key tenets of price action analysis; trend, price levels, and actionable signals.
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Foundations of Technical Analysis: Turning Observations into a Trade

A review of the November setups we’ve been tracking that exemplify our trading methodology in practice and an outlook for the month ahead.
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Foundations of Technical Analysis: Real World Applications

Live examples of our trading methodology in practice and an outlook for the week ahead in the eighth installment of this bi-weekly webinar series.
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Becoming a Better Trader: Classic Chart Patterns, Part II

Today, we looked at neutral and continuation formations - triangles, bull/bear-flags, continuation-style head-and-shoulders, and rectangles.
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Foundations of Technical Analysis: Risk, Size & Time

Three core concepts to be mindful of and how they can impact your overall trading performance in the seventh installment of this bi-weekly webinar series.
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Forex Education Home
  Beginner
  Intermediate
  Advanced
  Expert
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Crude oil prices are attempting to recover after breaking a two-month uptrend. Gold prices are digesting losses and looking to the FOMC rate decision as the next key catalyst.
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NZ Dollar Jumps as RBNZ Gets New Governor, Yen May Fall Further

Optimism over ECB’s Growth and Inflation Forecasts Could Give Euro a Lift

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