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:


How to Trade Reversals with the Hanging Man Pattern

The hanging man candle is a reversal pattern that many traders follow. Learn how to identify and trade this pattern.
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Becoming a Better Trader – Identifying Support and Resistance

In this session, the discussion was on identifying various types of support and resistance and watching price action around the levels on your charts.
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Foundations of Technical Analysis: Trading Psychology

Overcoming psychological pitfalls and staying focused on price- a review of our technical approach and examples that illustrate our trading methodology in practice.
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Becoming a Better Trader – Fixing Mistakes, Working on Weaknesses

In this session, we discussed how to go about identifying your short-comings as a trader and then fixing them one at a time.
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Trading Forex and Indices with Fibonacci Retracements

Technical analysis is helpful as a risk management tool, and support and resistance are key to this approach. This article looks at using Fibonacci retracements for this pivotal purpose.
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Forex Education Home
  Beginner
  Intermediate
  Advanced
  Expert
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News

Which Countries Want to Leave the EU After Brexit: Euro Analysis

As the UK prepares to quit the EU and the row between Italy and the EU over the Italian Budget continues, Euro traders need to watch out for any signs that other countries are thinking of leaving the bloc.
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No-Deal Brexit Fears May Renew Pound Drop, Trigger Risk Aversion

Crude Oil at Risk as OPEC Supply Cut Bets Undermined by Russia, US

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