Updated 8 min ago · finnhub, coingecko, ecb
Forex · Academy guide
A practical guide to forex markets
Currency Conquest walks through how the foreign-exchange market works — currency pairs, pips, lots and leverage, fundamental and technical analysis, risk management, trading psychology and building a trading plan.
12 chapters About 26 min read
Read online below, or keep the original guide as a PDF companion for offline reading.
Forex trading, short for foreign exchange trading, is the global marketplace where currencies are bought and sold. Unlike traditional stock markets, the forex market operates 24 hours a day, five days a week, allowing traders to participate from anywhere in the world. This chapter serves as an introduction to the exciting world of forex trading, covering fundamental concepts and the structure of the forex market.
2 min read
Before diving into forex trading, it's essential to set up a conducive trading environment that supports your success. This chapter focuses on the practical aspects of preparing your tools and resources for engaging in the forex market effectively.
2 min read
Fundamental analysis is a cornerstone of forex trading, focusing on the economic, political, and social factors that influence currency values. In this chapter, we'll explore how economic indicators, central bank policies, and geopolitical events impact the forex market, equipping you with the knowledge to make informed trading decisions.
2 min read
Technical analysis is a vital tool for forex traders, enabling them to analyze historical price data and identify potential trading opportunities based on patterns, trends, and indicators. In this chapter, we'll delve into the principles of technical analysis and explore various tools and techniques used by traders to make informed trading decisions.
2 min read
A trading strategy serves as a roadmap for navigating the forex market, providing a systematic approach to identifying trade opportunities and managing risk. In this chapter, we'll explore the essential components of a trading strategy and guide you through the process of developing a robust and effective plan.
2 min read
Effective risk management is paramount in forex trading, as it helps protect your capital and preserve long-term profitability. In this chapter, we'll delve into the principles of risk management and explore various techniques to mitigate risk and safeguard your trading account.
2 min read
Trading psychology plays a crucial role in the success of forex traders, influencing decision-making, emotions, and overall performance. In this chapter, we'll delve into the psychological aspects of trading and explore strategies for mastering your mindset and emotions in the dynamic forex market.
2 min read
A trading plan serves as a roadmap for your trading journey, providing structure, guidance, and a framework for making informed decisions in the forex market. In this chapter, we'll explore the essential components of a trading plan and guide you through the process of creating a personalized plan tailored to your trading style and objectives.
2 min read
Executing trades effectively is essential for implementing your trading plan and capitalizing on market opportunities in the forex market. In this chapter, we'll delve into the practical aspects of trade execution, covering various order types, trade management techniques, and strategies for maximizing efficiency and profitability.
2 min read
Advanced trading strategies are designed to provide experienced forex traders with additional tools and techniques to capitalize on market opportunities and enhance their trading performance. In this chapter, we'll explore several advanced trading strategies used by seasoned traders to achieve consistent profits in the forex market.
2 min read
Reviewing your trading performance is a critical aspect of continuous improvement and growth as a forex trader. In this chapter, we'll explore the importance of analyzing trade results, identifying strengths and weaknesses, and implementing strategies for ongoing self-assessment and refinement.
2 min read
Adapting to market conditions is crucial for staying relevant and profitable as a forex trader. In this chapter, we'll explore the dynamic nature of the forex market and discuss strategies for adjusting your trading approach to changing market conditions.
4 min read
USD/KRW is not trading a slogan about Asia. It is trading the won after its best session in a month against a dollar that is still firm into a Federal Reserve path and into a Washington meeting with Beijing.
MarketAlleys Desk · · 2 min read
GBP/USD is not trading a slogan about Britain. It is trading a consumer price print that landed one day before the Bank of England speaks and on the same day the Federal Reserve speaks. The pair is the residual of those two paths.
MarketAlleys Desk · · 2 min read
USD/JPY is not trading a slogan about the yen. It is trading two policy meetings in one week. The Federal Reserve is priced to lean tighter after hotter core prices and a fuel shock.
MarketAlleys Desk · · 2 min read
USD/CAD is not trading a slogan about North America. It is trading a same week inflation print in Canada against a Federal Reserve meeting that the market already treats as a hike. Canadian consumer prices land first.
MarketAlleys Desk · · 2 min read
EUR/USD is not trading a slogan about Europe. It is trading a central bank that meets while crude is still the inflation risk. The European Central Bank has already hiked once on the energy shock.
MarketAlleys Desk · · 2 min read
USD/INR is not trading a slogan about India. It is trading an import bill and a funding rate. When crude stays bid and the Federal Reserve still looks ready to tighten, the rupee has to do two jobs at once. It has to pay for oil.
MarketAlleys Desk · · 2 min read
MarketAlleys Academy guides are general educational material, not investment advice or a recommendation to trade any instrument. Trading — especially with leverage — carries a high risk of loss. See our risk disclaimer.
