7 Must-Know Forex Trading Concepts for Beginners That Will Take You To The Next Level

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Forex trading concepts for beginners

For many of us, making money on the FOREX market would be a dream come true, providing both financially independence and a truly flexible schedule.

Consistent gains are possible once you learn the ropes, but only if you actually invest in your FOREX education. So what exactly do you need to learn? Read on to discover the 7 best ways to do exactly that.

 

7 Must-Know Forex Trading Concepts For Beginners That Will Take You To The Next Level

 

Find your trading style

When you start trading, the 1st thing to do is to choose a trading style that suits your trading profile. Who you are will determine which kind of method will suit you best. Read on to discover the different kinds of trading styles.

 

trading styles

Day Trading Vs. Swing Trading Vs. Position Trading

10 Different Types Of Trading Styles – Which One Is For You?

Choosing a Trading Style

Market Analysis Types

Once you know more about your trading profile, you need to know which type of analysis will best suit your trading personality and time horizon.

 

market analysis type

Technical Vs. Fundamental Investing – Friends Or Foes?

3 Powerful Forex Strategies

How Quant Traders Use Sentiment To Get An Edge On The Market

Support and Resistance trading strategy

Support/Resistance levels are essential in trading, as they reflect where prices are likely to follow. Check out the resources below to find out everything you need to know about support and resistance levels.

 

forex strategy: support/resistance level

Support And Resistance Levels Trading Strategies

Support And Resistance Trading Strategy — The Advanced Guide

Advanced SR & Trendlines

RSI trading strategy

RSI, or Relative Strength Index, is a powerful momentum oscillator that tells you whether a security is “overbought”, or “oversold”. Learn all about the inner workings of this popular indicator with the links below:

 

rsi-trading

Relative Strength Index – RSI

Discover the Relative Strength Index (RSI)

How to Day Trade with the RSI

Divergences trading strategy

In trading, a divergence appears anytime you see a difference between the price’s evolution and the evolution of the indicator you’re using, thus indicating that a reversal may be soon coming. Learn all about divergences and how to profit from them below:

 MACD Divergence

RSI Divergence Trading System: Unbelievable Profit Potential

What is Divergence? How to trade? Hidden Divergence

Divergence: The Trade Most Profitable

Ichimoku trading strategy

Ichimoku is a complete trading toolbox, wrapped up in just one indicator! Ichimoku is composed of 5 lines describing an equilibrium situation, it also highlights possible reversals and breakouts. Learn more about below:

 ichimoku

How To Use Ichimoku For Better Trades 

Ichimoku Kinko Hyo

An Introduction To Ichimoku Charts In Forex Trading

Bollinger Bands trading strategy

The Bollinger Band is a highly popular technical analysis technique using volatility to spot overbought and oversold market situations. You can sell when prices touch the upper band and buy when it hits the lower band. Discover everything you need to know about Bollinger Bands below:

 Bollinger Bands

Introduction to Bollinger Bands

Bollinger Bands

How to Use Bollinger Bands in Forex and Stock Trading

 

Well there you have it, the 7 most essential trading concepts/tools that will take your FOREX trading to the next level. What other trading concepts have been essential to your trading education? Let us know in the comments, and don’t forget to share on FB, Twitter and Linkedin.

Happy Trading!

What are you waiting for?

GET STARTED WITH THE FOREX TRADING ACADEMY

Carolane de Palmas
Carolane de Palmas

After graduating with a Masters in Corporate Finance & Financial Markets, and getting the AMF Certification (Financial Markets Regulator in France), Carolane went to market analysis software company Highwave360 to take part in the European launch of their new market analysis software. She then become an independent trader, investing mostly in European and American stocks and indices, as well as writing market analyses for a number of different brokers. She is the COO of a Canadian fund that specialises in alternative investments.

What are you waiting for?

GET STARTED WITH THE FOREX TRADING ACADEMY

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