How to Teach Yourself to Trade Forex: A Step-by-Step Guide
Learn how to teach yourself to trade forex with a week-by-week self-study plan covering core concepts, demo practice, journaling, and risk management.
About the analyst
Vinit Makol
Lead Strategist and Market Analyst at Edge-Forex
Vinit Makol is a forex trader, strategist and market analyst with more than 20 years of experience in forex and financial markets.
As lead strategist and analyst at Edge-Forex, he writes about currencies, central-bank policy, macroeconomics, commodities, trading strategy and the geopolitical events that affect global markets.
His work is informed by practical trading experience and supported by market data, economic releases, official documents and other relevant sources.
More by Vinit Makol
The 10-Year Yield Spike That’s Repricing Global Forex Risk
The 10-year yield spike past 5% and $108 oil are reshaping forex risk. See which pairs move, who benefits, and the risks to this dollar and yen outlook.
Oil Spike Recession Fears Return as Brent Tops $100
Oil spike recession fears are back as Brent and WTI top $100 and diesel hits $6, reshaping dollar, yen and euro trades this week.
What Is the Best Risk Management Strategy for Forex Trading?
What is the best risk management strategy for forex? A clear framework for choosing your risk percentage, stop-loss, and position size, with a worked example.
OpenAI IPO Delay: What It Means for Dollar Traders
OpenAI IPO delay reflects growing AI safety concerns. Here is what the OpenAI IPO delay means for the dollar, risk currencies, and AI trade positioning.
Trading Psychology Rules Every Forex Trader Should Follow
Learn the trading psychology rules that help forex traders stay disciplined, including the 3-5-7, 90%, and 5-3-1 rules explained plainly.
Saudi Oil Bypass Risk Rattles Forex Markets After Pipeline Strike
Saudi oil bypass risk is back in focus after Houthi strikes threatened the East-West pipeline, sending Brent above $105 and reshaping FX risk premiums.
EU Energy Shock Resilience Is Rewriting the Euro’s Risk Premium
EU energy shock resilience explains why the euro shrugged off a Hormuz closure and $104 Brent, and what it means for EUR, USD and NOK traders.
Houthi Mokha Oil Threat: What It Means for Currency Markets
The Houthi Mokha oil threat is pushing Brent toward $120 and reshaping FX risk. See which currencies gain and which face pressure from this shock.
How to Use a Trailing Stop Loss in Forex Trading
Learn how to use a trailing stop loss in forex: MT4/MT5/cTrader setup steps, choosing pip vs ATR distance, and mistakes to avoid.
Oil Shock Currency Pairs: How Traders Should Position as Brent Nears $100
Oil shock currency pairs are moving fast as Brent nears $100. Here's how to trade USD/JPY, USD/CAD, USD/CNH and NOK crosses through the Hormuz crisis.
Iran Sanctions Oil FX: How the Petrocurrency Trade Is Shifting
Iran sanctions oil FX risk is rising fast. See which currency pairs move, why, and who profits as Brent pushes toward $95 amid escalating US-Iran tensions.
Yuan Undervaluation Trade: Why USD/CNH Traders Should Watch
The yuan undervaluation trade is back in focus as Washington weighs currency pressure on Beijing. Here's what it means for USD/CNH, AUD and EM FX.
Dollar Weakness Risk Premium: Why This Yield Rally Won’t Save the Greenback
Dollar weakness risk premium is rising as fiscal fears replace growth as the yield driver. Here's what it means for EUR/USD, USD/JPY and beyond.
UK CPI GBP Trade: Why Sterling Faces a Split Decision
UK CPI GBP trade setups shift as inflation hits 2.9% while jobs slow. See which pairs move and why traders should watch the BoE's next step.
Hormuz Oil Shock Currencies: What Traders Need to Watch Now
Hormuz oil shock currencies are back in focus after a projectile hit a tanker. Here's how JPY, CAD, NOK and the majors react next.
30-Year Yield Forex Impact: Why Long Bonds Are Steering the Dollar Now
The 30-year yield forex impact is spreading fast. See which pairs move, who benefits, and the risks traders must watch this week.
JPY Oil Import Bill: Why the Yen Still Bleeds Even as Supply Fears Ease
The JPY oil import bill keeps climbing even as supply eases. Here's how traders should read the yen, terms-of-trade shock and cross-currency plays.
Oil Price Currency Correlation: What the Hormuz Slowdown Means for FX Traders
Oil price currency correlation is back in focus as Hormuz traffic thins. See which FX pairs move, why, and how traders can position around the risk.
AI Bubble Dollar Risk: What the Trillion-Dollar Spending Gap Means for FX
AI bubble dollar risk is rising fast. See which currency pairs face volatility if AI capex outpaces revenue and how traders should position.