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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​*

  • Manchester_City_FC_badge Manchester City (MCY)
  • Manchester_United_FC_crest Manchester United (MUN
  • liverpool-fc-4 Liverpool (LIV)
  • chelsea-fc-2 Chelsea (CHE)
  • arsenal-7 Arsenal (ARS)
  • Tottenham_Hotspur Tottenham (TOT)
  • leicester-city-fc-1 Leicester City (LEI)
  • Everton_FC_logo Everton (EVE)

Top trading currencies​

  • Flag_of_the_United_States US Dollar (USD)
  • Flag_of_Canada_(Pantone) Canadian Dollar (CAD)
  • Flag_of_Europe Euro (EUR)
  • Flag_of_the_United_Kingdom British Pound (GBP)
  • Civil_Ensign_of_Switzerland Swiss Franc (CHF)
  • Flag_of_New_Zealand New Zealand Dollar (NZD)
  • Flag_of_Australia_(converted) Australian Dollar (AUD)
  • Flag_of_Japan Japanese Yen (JPY)
*Data taken 18/03/21

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.

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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

1999
2005
2008
Shaun Wright Phillips signs for MCFC on a free transfer | Overall cost: €0
Chelsea buys the player for €21 million |
Profit: +€21 million
MCFC buys him back for €8.5 million |
Cost: -€8.5 million

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.

Jan 2020
Jan 2021

BUY EUR/USD

You invest in 10,000 worth of Euros at the current EUR/USD exchange rate of 1.10 |

10,000 units @ 1.10 = $11,000

SELL EUR/USD

A few weeks later the exchange rate is at 1.20, so you convert your 10,000 Euro back to USD. |

10,000 @ 1.20 = $12,000

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.

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Secrets of the Pros

The day-to-day routine of a professional trader

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Education & Training

Whether you’re a top player or pro trader, it all begins with good coaching. So start with the basics and work your way up: news, insights, commentary, eBooks, webinars – we’ve got everything you need, right here.

Selecting a strategy

4-4-2 or 5-4-1? Attack or defend? It all depends on the match-up. And just like football managers, FX traders use different strategies at different times to reflect changing market conditions: more aggressive when chasing profits, defensive when protecting them.
game_flows
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Practise

No team wins a title without plenty of hours on the practise pitch. Similarly, traders need to hone their skills and perfect their techniques. All you need to invest is a little time.

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.

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fundamentals

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.

Ready to lace up and join Axi on the training pitch?

Sign up for our 5-day FX education journey where we'll teach everything you need to know to get started as a trader!

Want to go for goal?

Sharpen your skills on a free Demo practice account – or take on the markets with your own Live trading account!

CFDs and Margin FX are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone and may result in you losing substantially more than your initial investment. You do not own, or have any rights to, the underlying assets. You should only trade with money you can afford to lose.