From football fan
to FX trader
Sign up for our free training guides and see how an eye for analysis and a sporting mindset could unleash your trading potential!
Know the basics. Play to win.
As a football fan, you are familiar with concepts like analysis, transfers and strategy. These are skills you can apply to trading – all you need to do is learn the basics of the forex game so you can start scoring goals!
Recognise the playing field
Did you know that just as football is the world's most popular game, FX is the world's most widely traded asset class?
The daily trading volume in FX markets is over $5 trillion – no wonder so many people want to try their skills at forex trading!
Top 5 Most Popular Sports
Top 5 Most Traded Markets
Know the major players
In football, there are a few major teams that everyone follows; in FX, it's the same - there are 8 most traded currencies.
Top EPL teams*
Top trading currencies
Learn how the game flows
Whether it's MCY vs BAR on the football pitch or GBP and EUR in trading, it always takes two sides to make a game of it
To understand more about the world of forex, who the major players are and how to trade them, you can check out our Introduction to FX trading guide.
Know the mechanics of the game
Whether it's a player in the football transfer market or a currency in the FX market, one of the secrets to success is "buy low, sell high".
Every team has its own stories of great transfer coups and flops. Your goal as a manager or trader is to find undervalued assets, sell them before their decline and bank the profit.
Profiting from a player transfer
Over the course of the transfers, the total profit is €12.5 million – plus the services of a star player!
Profiting from a Forex trade
You decide to trade EUR/USD, expecting the Euro currency to strengthen against the US dollar.
The value of your trade has increased, so you net a profit of $1,000!
Get high performance gear
Being equipped with the best gear makes all the difference; top footballers walk onto the pitch in good boots; top traders go in armed with the right tools.
Filling your kit bag with tools like the world-leading MT4 trading platform and PsyQuation for AI-assisted analytics will make your trading experience easier and more powerful.
To learn more about the world’s most popular trading platform, check out our Introduction to MT4 guide.
Secrets of the Pros
The day-to-day routine of a professional trader
Education & Training
Selecting a strategy
Practise
Measuring performance
The day-to-day routine of a professional trader
The numbers game
Statistics say a lot about performance and help you make important strategic decisions. For example, did you know that, last season, Man City took 70% of its shots down the middle (vs the left/right side)?
And did you know that positive COVID-19 vaccine news tends to have a weakening effect on the US dollar? As a trader, you can use these kinds of stats and trends to help inform your trade decisions.
Fundamental & Technical Analysis
Ahead of a match, football fans follow news of injuries, transfers and weather that might affect a result. Traders do the same thing by monitoring economic events. This is Fundamental Analysis.
Then there’s Technical Analysis: the number of games, a player’s speed, or shooting prowess. Traders look for these details too by monitoring trends and data to predict the outcome of a trade.