--- title: Forex Trading description: Forex trading is the exchange of global currencies in a decentralized market. You will understand how currency pairs are priced, how leverage and pips work, and how to analyze macroeconomic factors to trade major, minor, and exotic currency pairs. category: finance-economics subcategory: investing difficulty: beginner, intermediate, advanced url: /subject/forex-trading --- # Forex Trading Forex trading is the exchange of global currencies in a decentralized market. You will understand how currency pairs are priced, how leverage and pips work, and how to analyze macroeconomic factors to trade major, minor, and exotic currency pairs. ## Available Resources 2 Books • 1 Courses • 4 Websites ## Websites ### 1. Myfxbook Connects to a MetaTrader or broker account and computes performance statistics such as drawdown, expectancy, win rate and profit factor, so traders can journal and audit their own results. Also publishes an economic calendar and aggregated retail positioning data. **Difficulty:** Beginner | **Price:** Free **Link:** https://www.myfxbook.com **Tags:** forex, trading-journal, performance-analytics, risk-management, market-sentiment ### 2. Forex Factory Long-running forex trader community best known for its economic calendar, which rates each scheduled release by expected market impact and shows forecast, previous and actual figures. Helps traders plan around news events; forum strategy threads vary widely in quality. **Difficulty:** Beginner | **Price:** Free **Link:** https://www.forexfactory.com **Tags:** forex, economic-calendar, trading-forums, fundamental-analysis, news-trading ### 3. fxstreet.com FXStreet is a comprehensive forex resource offering real-time market news, live currency rates, and interactive charts, plus an extensive economic calendar. It also provides in-depth analysis, educational content, tutorials, and webinars to help traders learn and refine their strategies. **Difficulty:** Intermediate | **Language:** English | **Price:** Free **Link:** https://fxstreet.com **Tags:** websites, business-entrepreneurship, trading ### 4. BabyPips Free forex education site built around the School of Pipsology, a structured course moving from pips, lots, leverage, and currency pairs to technical and fundamental analysis, risk management, and trading psychology. Readers can understand how retail currency trades are priced and sized. **Difficulty:** Beginner | **Language:** English | **Price:** Free **Link:** https://babypips.com **Tags:** forex, currency-pairs, leverage, technical-analysis, risk-management ## Courses ### 1. School of Pipsology Free, graded forex curriculum running from preschool to graduation levels, covering how currency pairs and pips work, brokers and leverage, chart types, support and resistance, indicators, fundamental analysis, trading psychology and risk management. Readers learn to assemble and evaluate a basic trading plan. **Difficulty:** Beginner | **Price:** Free **Link:** https://www.babypips.com/learn/forex **Tags:** forex, currency-trading, technical-analysis, risk-management, trading-basics ## Books ### 1. Currency Trading for Dummies **Author:** Kathleen Brooks, Brian Dolan Introductory guide by two FOREX.com analysts explaining how the currency market is structured, which economic data and central-bank decisions move exchange rates, and how to build a trade plan with position sizing, stop-losses and order types before risking capital. **Difficulty:** Intermediate | **Language:** English | **Price:** Paid **Link:** https://www.amazon.com/dp/1118989805?tag=edmonddante07-20 **Tags:** books, business-entrepreneurship, trading ### 2. Day Trading and Swing Trading the Currency Market **Author:** Kathy Lien Lien covers forex market mechanics, then technical and fundamental strategies for intraday and multi-day currency trades: interest-rate differentials, intermarket correlations, and currency-specific behaviour. Readers come away able to interpret macro drivers behind major pairs and time entries around them. **Difficulty:** Intermediate | **Language:** English | **Price:** Paid **Link:** https://www.amazon.com/dp/1119108411?tag=edmonddante07-20 **Tags:** forex, currency-trading, swing-trading, technical-analysis, fundamental-analysis --- *This content is part of Dantes.io - Your Treasure Map to Knowledge* *Curated by humans at Dantes.io. Personal study use welcome; republishing this curation requires permission (team@dantes.io).* View this page online: https://dantes.io/subject/forex-trading