Course Content
Module 1: USD Index, Correlations, and Global Markets
Gain an institutional perspective on the markets with macro-level forex analysis. Learn to use the US Dollar Index, track currency correlations, and understand how bonds, stocks, and commodities interact with the forex market. We’ll also explore how global economic indicators from the US, Eurozone, UK, and Japan influence currency price movements
0/17
US Dollar Index (USDX)
How to Read the US Dollar Index
Bloomberg Dollar Spot Index
The Dollar Smile Theory
Intermarket Correlations
Bond Yields Affect on Currency Movements
Forex and Global Equity Markets
Relationship Between Stocks and Forex
How to Use EUR/JPY as a Leading Indicator for Stocks
Guide to Major Economies
Important Economic Indicators for the USD
Eurozone
Important Economic Indicators for the Euro
United Kingdom
Important Economic Indicators for the GBP
Japan
Important Economic Indicators for the JPY
Module 2: Trading Plans, Discline, and Trading Styles
In this module, you’ll design your own custom trading plan based on your goals, personality, and risk tolerance. We’ll cover different trading styles—scalping, day trading, swing trading, and position trading—along with how to create a mechanical trading system. By the end, you’ll have a clear, rules-based trading process that you can follow consistently.
0/16
Trading Plan
Why Trading Discipline is the Key to Consistent Profitability
Find A Trading Style That Suits Your Personality
Your Risk Capital
Forex Trading Software, Hardware, and other Tools
Stick With Your Trading Plan
Different Types Of Trading Styles
Scalping
Day Trading
Swing Trading
Position Trading
Create A Mechanical Trading System
Trading System
So Easy It’s Ridiculous” Trading System
Forex Trading Journal
Trading Performance Statistics
Module 3: Advanced Risk Management and Currency Correlations
Professional traders protect their capital before chasing profits. This module teaches you risk management strategies like position sizing, stop-loss placement, leverage control, and scaling in or out of trades. You’ll also learn how to use currency correlation to avoid overexposure and improve overall trade quality.
0/20
Risk Management
How Much Trading Capital Do You Need For Forex Trading?
Drawdown and Maximum Drawdown Explained
How Much should you risk per trade?
Reward to Risk Ratio
Why Most New Forex Traders Fail
Leverage Explained
What is Margin?
Margin Call
Never Underestimate Leverage
Position Sizing
Stop Loss
How To Set A Stop Loss Based On Price Volatility
3 Rules of Setting Stop Losses
Scaling In And Out Of Positions
How To Add To Winning Positions
Currency Correlation
Doubling Your Risk Without Knowing It
5 Reasons Why Factoring In Currency Correlations Helps You Trade Better
Currency Correlations Change
Module 4: Trading Tips, Discipline, and Psychology for Success
Even the best strategy fails without the right mindset. In this final module, we focus on trading psychology, discipline, and performance tracking. You’ll learn how to avoid common trading mistakes, stick to your plan, and use a trading journal to refine your results over time. This is where you transform your skills into long-term trading mastery.
0/3
What Traders do to Guarantee their Failure
Tips for Forex Trading Beginners
What Makes a Good Trader?
Forex Expert Course: Professional Risk Management and Trading Systems

Reading the US Dollar Index

Like any currency pair, the US Dollar Index (USDX) has its chart. How is the US Dollar Index Calculated? This is strictly for the grown and geeky. Here is the formula for calculating USDX: USDX = 50.14348112 × EUR/USD^(-0.576) × USD/JPY^(0.136) × GBP/USD^(-0.119) × USD/CAD^(0.091) × USD/SEK^(0.042) × USD/CHF^(0.036).

Use the USDX for Forex Trading

Use the USDX for Forex Trading

In the wide world of forex, the USDX can be used as an indicator of the U.S. dollar’s strength. Because the USDX is comprised of more than 50% of the eurozone, EUR/USD is quite inversely related. Check it: USDX Daily Chart. Next, take a look at a chart of EUR/USD.

EUR/USD Daily Chart It’s like a mirror image! If one goes up, the other most likely goes down. Will you look at that? It seems like the trend lines almost inversely match up perfectly. This could be a big help to those big on trading EUR/USD. Some of our forex trading friends in the forums monitor the USDX as an indicator for EUR/USD. Hang out with them to learn more about using this index. If the USDX makes significant movements, you can almost surely expect currency traders to react to the movement accordingly. Both the USDX and forex traders react to each other. Breakouts in spot USD pairs will almost certainly move the USDX in a similar breakout fashion. To sum it all up, forex traders use the USDX as a key indicator for the direction of the USD. Here are two little tips you should never forget: If USD is the base currency (USD/XXX), then the USDX and the currency pair should move in the same direction. If USD is the quote currency (XXX/USD), then the USDX and the currency pair should move in opposite directions.

Previous
Next
Scroll to Top