Forex Trading for Beginners

Start your Forex trading career by reading our beginner articles. We cover an introduction to the Forex market and explain basic terminology used in Forex trading.

Learn Forex Trading

These articles include how the Forex market works, what hours the market operates, how to find a reliable broker to connect you to the Forex market, and an introduction to the different trading software called platforms.

• How does Forex trading work?
• How to legally fund a Forex account from Nigeria
• What are the Forex trading hours?
• A Beginner’s Guide to Forex and CFD Trading Regulation
• What is a Forex trading platform?
• Guide to opening a Forex account in Nigeria
• What is Negative Balance Protection?
• How to place my first trade?
• Tax Implications for Nigerian Forex traders

Forex Trading Terms for Beginners

These articles introduce the beginner trader to the jargon used in Forex trading. They explain the basic terms that will help a newcomer understand a trading platform, learn from articles about beginner Forex strategy, and assist in conversations with other traders.

• What is a Pip?
• What are Lots and Leverage?
• What is Equity & Margin?
• What is Stop Loss and Take Profit?
• What is Short Selling?
• What is Scalping?
• What is Price Action Trading?

Forex Trading Strategy For Beginners

These articles will introduce a beginner to the basic trading strategies used in Forex trading. They cover the basics of creating a trading plan, an introduction to the different areas of analysis, how to perform basic analysis for these strategies.

• Creating  a Trading Plan
• 7 Vital Forex Trading Tips for Beginners
• Technical Analysis vs Fundamental Analysis
• Introduction to Sentiment Analysis
• Using an Economic Calendar
• Charts – Bar Charts, Volume & Time Comparisons
• Charts – Double-Tops and Double-Bottoms
• How to Establish a Directional Bias
• Overview of Forex Analysis Tools
• MetaTrader 4 – A Complete Guide

Further Reading

Extra reading for traders who have read the beginner articles. Now you can learn more advanced trading strategies and concepts.

• Dow Theory – Introduction to Technical Analysis
• An introduction to the Elliot Wave Principle
• Pivot Points
• Commodity Channel Breakouts
• Forex Momentum
• Multiple Time Frame Strategy & Analysis
• Trading Forex Gaps
• Long-term Trading Strategy with the COT Report
• Long-term Trading Strategy with Open Interest
• Fade a Move Strategy in Forex Trading
• Taking Advantage of Fakeouts in Forex Trading
• Forex Stop Hunt Strategy
• The Memory of Price Strategy
• Turn Trade Strategy
• The US Non-Farm Payroll Report
• Gold and The Aussie Correlation

Currency Pair Analysis

A big part of Forex trading is choosing a currency pair to trade. Beginner traders are advised to choose a few currency pairs to trade and stick to those pairs. This section includes studies that cover individual currency pairs that are common for beginners to trade.

• EURUSD – with live charts, seasonal fluctuations, and historical analysis.