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: Cultivating Confidence

Today, we discussed steps to build confidence as well as maintain it and restore it when necessary.
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Foundations of Technical Analysis: Trading the Volatility

A review of our technical approach and live examples of setups we’ve been tracking that best illustrate our trading methodology in practice.
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Trading Event Risk

Events offer an opportunity to make money and an easy way to lose it. Here are some pointers on how to trade them.
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Foundations of Technical Analysis: The Power of Parallels & Analogs

A review of our technical approach and live examples of setups we’ve been tracking that best illustrate our trading methodology in practice.
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Becoming a Better Trader: Identifying Logical Stops & Targets

Today, we discussed ways to view where one should logically place stops and targets based on analysis, not fear and hope. Covered a good deal of risk management as well.
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Forex Education Home
  Beginner
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News

Weekly Trading Forecast: All Eyes Still on the Federal Reserve

Speculation on Fed monetary policy has driven volatility across the markets since the beginning of the month. Minutes from January's FOMC meeting promise more of the same ahead.
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Global Stock Market Rebound Could Be In For a Test This Week

Gold Prices Bounces Back on Strong CPI but Preserve January Range

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