If you’re interested in learning more about forex trading, but you aren’t sure where to begin, taking a forex training course is a great first step. While doing research online, like reading a blog, is a valuable tool, these training courses provide a deeper introduction into the forex market. And they provide you with tips to avoid costly beginner’s mistakes.
Trading forex is fast-paced, and sometimes risky, so having a base of knowledge before diving in will help ensure your trading skills are on par before you invest hard-earned money. Below you’ll find information on what forex trading is, what makes a good forex trading course, and of course, the best forex training courses for you to choose from!
Table of Contents
- What Is Forex Trading?
- Best Way to Learn About Forex Trading
- What Makes a Good Forex Trading Course?
- Best Forex Trading Courses
What Is Forex Trading?
Forex (FX) trading is the act of buying one currency and selling it for another simultaneously. For example, you can trade the U.S. dollar for the euro, a common currency pair.
But why would you want to trade currency? The goal here is to invest in a currency that you believe will increase in value compared to the currency that you are selling. The fluctuation between the currency’s exchange rates is how you will turn a profit.
While this might seem straightforward, there are intricacies that you should be aware of before you begin trading — which is why the best forex training programs are so pertinent to beginners’ success.
Best Ways to Learn About Forex Trading
So where to begin learning about forex trading? The best place to start is with an online forex training course.
Of course, you can read blogs and try to research forex trading on your own, but these in-depth courses will provide you with the knowledge needed to be confident in your investment decisions.
With courses, materials, and research from instructors who know the ins and outs of forex trading, paired with things to watch out for; you’ll find that an online course is truly the best way to learn about forex trading.
What Makes a Good Forex Trading Course?
There are many forex trading courses online, but not all of them are created equal. It’s important to understand what is included in the course to make sure it’s worth your time and financial investment.
Accredited Programs and Instructors
Credentials are key! Find an accredited program with instructors that have experience as a forex trader.
Because forex trading is not regulated, unlike stock trading, the industry attracts scammers. Finding an accredited program with professional instructors can help ensure that the knowledge you gain is accurate, reliable, and valuable.
Access to Investor Resources
The best forex trading courses will provide their students with resources and tools to be utilized for their future benefit. These resources should be included in the service price and not for an additional charge.
Clear Learning Outcomes
What is the goal of the course? Is there an outline of what you are going to learn throughout? Having clear learning outcomes makes it easy to decipher if the class will be beneficial to you, or just fluff.
If the course does not provide a structured course content, you might be better served to find one with clear objectives that meet your needs.
Course Delivery
Everyone has different ways they retain information. Finding the program that delivers the course information in a way that is beneficial to you will help you in the long run.
Do you prefer to view online webinars? What about listening to podcasts or viewing graphs? Or do you prefer to learn by reading the course information yourself?
There is no right or wrong answer to any of the questions here. It’s a personal decision depending upon how you prefer to receive the information. Determine your learning style, then find a course that fits it.
4 Best Forex Trading Courses
To help with your forex investment journey, consider the following programs. They are the 5 best forex trading courses that can help investors of all skill levels improve their foreing currency exchange journey.
Udemy: Forex Trading A-Z – With Live Examples of Forex Trading
This forex trading course provides beginners with the background knowledge they will need to be successful. For the low-cost, it provides a course full of in-depth knowledge and research, covering everything you’d need to know from A to Z.
The Udemy course was developed by Kirill Eremenko, a forex systems expert and data scientist.
What You Can Expect to Learn:
- Acronyms and jargon
- Basics
- Analysis
- Forex
- Fundamental
- Technical
- Calculating risks
- Investing examples
Standout Features:
- Over five hours of content
- 57 short video lectures
Benefits:
- Affordable
- Extensive resources in the course
- Nine comprehensive learning topics
Downsides:
- Learn-as-you-go system might not be appealing to everyone
- No personal coaching
- No chats with other traders
Pricing: Pricing is originally $139.99, but watch for deals and you can get the course for as low as $12.99.
FX Academy
FX Academy was written and created by DailyForex.com, a trusted forex website that provides news and analysis. They created FX Academy to provide traders of all skill levels with the knowledge they need to be successful with forex trading, free of charge!
The course was written by Cliff Wachtal, Alp Kocak, and other acclaimed forex traders. The interactive presentations are self-paced, allowing you to take the time needed to fully learn the ins and outs of forex trading.
What You Can Expect to Learn:
- Overview of forex trading
- Why you should trade forex
- Currency pairs
- Market price basics
- Selecting an online broker
Standout Features:
- Short, animated videos
- Lesson quizzes to test your knowledge
- Written transcript of videos for people who prefer to learn via reading
Benefits:
- No cost
- Access to trading tools
- Extensive learning library
Downsides:
- Learn-as-you-go system might not be appealing to everyone
- No coaching
Pricing: Free
Forex Signals
Best For Fully Comprehensive Learning Experience
With thousands of 5-star reviews, Forex Signals is one of the most reputable courses to learn forex trading. While the costs are more than some of the other options on the list, members get access to a Trading Room, where mentors help you understand the market.
It is a fully comprehensive program that provides not only educational guidance, but also trading tools and ongoing assistance.
What You Can Expect to Learn:
- Forex basics
- Fundamental analysis
- Reading charts
- How to use indicators
- Technical analysis
- Trading strategies
- And 350 other lessons!
Standout Features:
- Over 400 training videos
- Trading chat room to communicate with other traders and mentors
Benefits:
- Comprehensive educational courses and resources
- Access to mentors
- Live trading room
- Free 7-day trial
Downsides:
- More expensive than other courses
- Monthly membership is nearly double the annual membership
Pricing:
- Monthly $97
- 6-month $297
- 18-month $564
Asia Forex Mentor: One Core Program
Created by internationally renowned forex trader Ezekiel Chew, this course provides traders with a comprehensive look into forex and how to become successful. With over 26 lessons including 60 sub-topics, it truly is an all-inclusive way to learn forex trading.
Many traders are attracted to the “no fluff” courses. There aren’t slides or screenshots, instead it is filled with actual scenarios and real strategies you can utilize.
What You Can Expect to Learn:
- Forex basics
- Price action
- Risk and reward
- Strategies
- Correlated pairs
- Analysis
- And more!
Standout Features:
- “Road to Millions” formula has helped many traders become full-time traders
- Studio-quality course
Benefits:
- Extensive educational course offering
- World-renowned mentor
- All-inclusive pricing
Downsides:
- More expensive than other courses
- No monthly payment option
Pricing:
- $940 for immediate access
- $0 to start and $997 after 7 day trial
Coursera: Forex – Trading Around the World
Best General Overview of Trading Forex
With instructors that have over 20 years of experience in the field, it’s no wonder why this course has a 4.45/5 instructor rating. This 3 week course will take you around the ins and outs of foreign currency markets and forex trading.
With educational videos, quizzes to test yourself, and specially curated readings available, this course will surely provide you with a solid foundation to begin trading forex.
What You Can Expect to Learn:
- Understand major and minor currency pairs
- Market participants and their motives
- General overview of foreign exchange marketplace
- How to trade stock listed in foreign currencies
- Currency exposure management
Standout Features:
- This course includes practice exercises to help apply what you’ve learned before doing the real thing
- Shareable certification upon completion
Benefits:
- Quizzes get graded and you will be provided feedback
- Self-paced option for those who want to learn on their own time
- This course is free!
Downsides:
- Some may say the course is fairly basic, for more intermediate traders, possible look else wear
Pricing:
- Enroll for free!
Adding Forex to Your Portfolio
To boost your forex knowledge, utilize one of the best forex trading courses. Find content that is presented in ways you find easy to understand, and look for courses lead by industry leading experts.
As you can see from above, there are options for all skill levels and for all budgets. There’s no right or wrong choice, just what you find to be the most helpful on your forex trading journey.
If you’re still unsure who to trust, you should give your financial advisor a call. They can provide you with their trusted recommendations on how to improve your forex trading knowledge, and help guide you on the best moves to make for your portfolio.
Frequently Asked Questions
The time and money invested in a Forex course will be worth it in the long run. Traders will get the knowledge they need to be properly equipped to begin investing in the forex market, and become aware of common rookie mistakes to avoid.
Forex Signals is the best forex course for a fully-comprehensive overview of forex trading. Add in the Trading Room and you have a course that cannot be beat.
Forex trading courses vary in price depending upon which you choose. Some are free while others can cost over $1,000, each come with their own ben
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