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:


Trading the News | James Stanley | Podcast

In this podcast, our currency strategist James Stanley talks trading the news, making contrary picks, and mastering psychology.
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The Federal Reserve Bank: A Forex Trader’s Guide

How do Fed monetary policy decisions affect forex trading? Here's all you need to know.
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How to Trade the Dark Cloud Cover Candlestick

The Dark Cloud Cover pattern is used to spot reversals and achieve favorable risk to reward ratios. Learn how to trade this pattern.
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Jim Rogers on US Economic Crisis, Gold & Bitcoin | Podcast

Could we be facing the biggest recession for decades? Hear the views of investment supremo Jim Rogers on our podcast.
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The Bank of Japan: A Forex Trader’s Guide

How does the Bank of Japan's monetary policy impact the decisions of forex traders? Read on to find out.
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Forex Education Home
  Beginner
  Intermediate
  Advanced
  Expert
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News

FX Week Ahead - Top 5 Events: August Eurozone PMIs & EUR/USD Rate Forecast

The August Eurozone PMI reports are due out on Thursday, August 22 at 09:00 GMT, and the data are expected to show a further moderation in growth.
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Gold Prices Stabilize Ahead of Jackson Hole, Will XAU Bulls Show Up?

Strait of Hormuz: The World’s Most Important Oil Chokepoint

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