Beginner Trading Guides

Forex for Beginners

How Forex trading works from the beginning. How to read quotes, make orders and trades, develop your strategy and more. This 10 page guide will help anyone get started in the world’s largest and most global market.

Top Trading Lessons of 2014

A good trader never stops learning, and every mistake is another potential learning experience. Here are some of the top lessons our analysts learned, absorbed or suffered from our personal trading in 2014.

Elliott Wave For Beginners

Learn the basics of Elliott Wave Analysis, one of the most misunderstood theories of technical analysis. When its rules are understood and applied correctly, Elliott Wave Analysis can often help you interpret and forecast price action.

Introduction to Forex News Trading

Major economic events and fundamental developments are closely watched by currency traders, as they reflect the strength of a given economy and may indicate direction of a given currency. Trading the News is often difficult and may not be suitable to everyone, but the volatility that follows can generate a trading opportunity.

Advanced Trading Guides

Elliott Wave for Advanced Users

View an in-depth guide to Elliott Wave for forex traders who are already familiar with the approach to the markets.

Why Might we Auto Trade the FX Market?

Auto trading has exploded in popularity in recent years, which is both good and bad. It is good because what was formerly the domain of only sophisticated institutional traders is now available to many investors. Bad because with auto trading come untold promises of riches; this guide is not that. Read on why you might think about auto trading the FX market.

Trading Forex News: The Strategy

With the basics covered, we will outline a simple strategy that can be tailored to meet different market conditions as well as the various styles of trading. This is the strategy we will play SHOULD we see a confirmed move in the price action following the release.

Understanding Gann Square Root Relationships: Basic Trading Guide

The use of square root relationships in market analysis is a relatively unknown method of identifying potentially important inflection points in price. Despite this lack of widespread use, square root relationships are one of the easiest and most reliable methods of identifying potential support and resistance points in just about any freely traded instrument.

How to Analyze and Trade Ranges with Price Action

Here’s a secret about trading that seasoned traders will say often, but novices will learn often the painful way: there is no Holy Grail trading system. Instead we’ll focus on simple currency price action in order to analyze and trade major ranges.

Trading Forecasts

US Dollar Q1 Forecast 2015

The final months of 2014 saw the US Dollar’s potential unleashed on a wide range of factors—particularly as the US Federal Reserve stood at odds with the European Central Bank and other counterparts. But could a slowdown in Fed policy force a reversal in Q1? Here’s what to watch.

Gold Q1 Forecast 2015

Gold tumbled to fresh four-year lows through the fourth quarter, but there remains a notable lack of conviction in the precious metal’s moves. Focus remains on the future of global central bank policies in the New Year, and there remains ample room for easing—can Gold finally recover its luster?

British Pound Q1 Forecast 2015

The British Pound saw a remarkable turn in fortunes as it tumbled through the final quarter of 2014. Much of this came as markets predicted the Bank of England would keep interest rates at record-lows for longer than anticipated. Whether or not interest rates and the British Pound recover in Q1 depend on these key factors.

Euro Q1 Forecast 2015

The Euro tumbled into the final quarter of 2014 as the broader European economy fell into malaise. Given fears of a so-called lost decade for Europe—akin to what was seen in Japan—can regional economies defy expectations and see recovery in the New Year? Euro outlook remains in the balance.

Japanese Yen Forecast Q1, 2015

The Japanese Yen finishes the fourth quarter and the year as one of the worst-performing major currencies of the world, and there is little reason to believe that the first quarter of the New Year will bring relief. In fact we think a JPY-short position (USDJPY-long) could be one of the best trading opportunities of 2015. Here’s why.

Top Trading Opportunities in 2015

The past year was defined by a global capital market that grew increasingly skeptical of the persistent ‘reach for yield’ and a substantial shift in the ranks for monetary policy. Heading into 2015, speculation over central banks’ next moves will find even greater prominence. The DailyFX Analysts list their top trades with these scenarios in mind.