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.


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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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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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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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:

Foundations of Technical Analysis: Trading Event Risk

Should event risk change the way we trade? A review of our technical approach and examples we’re tracking that best illustrate our trading methodology in practice.
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Trading Forex - When is the Best Time to Trade, and Where

You’ve decided on the currency pair to buy or sell. But do you know where to place the trade and when is the best time to do so? This guide provides some answers.
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Becoming a Better Trader: The Power of Using a Checklist

In this session, we outlined a method which can help traders stay on track to making decisions in accordance to their game-plan.
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Why Volatility is the Norm When Trading the British Pound

The history of the Pound is one of remarkable volatility, which makes trading GBP both potentially highly profitable and potentially ruinous.
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Foundations of Technical Analysis: Trading the Turn

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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Forex Education Home


USD/CAD Rally Reverses at Critical Resistance Ahead of Canada CPI

Price reversed off key resistance this week with the pullback now eyeing initial support targets. Here are the updated targets & invalidation levels that matter.
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FOMC Preview: EUR/USD Risks Larger Rebound on Dovish Fed Rate-Hike

US Dollar Price Action Setups Ahead of FOMC: EURUSD, USDJPY, GBPUSD

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