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:


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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Introduction to Basic Trendline Analysis

In this series we will piece together the anatomy of a basic trade setup. In part one we’ll focus on identifying, constructing and utilizing simple trendlines.
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4 Step Guide to Trading Breakouts in Forex

Market volatility has increased recently due to central bank intervention and political unrest. One strategy that tends to thrive in volatile conditions is a breakout strategy.
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Leverage as Velocity

Many professional traders already know that what you trade isn't as important as 'how' you trade. In this article, we'll look at one of the most important topics to FX Traders: Leverage and Trade Sizes.
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Identify and Trade Inside Bars (Webinar)

Inside bars are easy to identify charting patterns that breakout traders can use to plan future market entries.
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Forex Education Home
  Beginner
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  Advanced
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U.S. Dollar Bearish Channel Persists as Heavy Week of Drivers Begins

This week brings a plethora of drivers to markets, and the bar is rather high for the longer-term bearish trend in the U.S. Dollar to see a reversal. Long EUR/USD can be particularly attractive for short-USD plays.
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US Dollar Heads into Barrage of Economic Data This Week

British Pound Gains as Markets Eye FSR Release, Carney Presser

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