This article will introduce you to the best Forex trading courses, both free and paid, that can empower you with the essential skills and strategies to succeed in Forex trading.
We will explore a variety of courses tailored to different skill levels – from the novice trader just starting to the seasoned trader looking to refine their strategy.
Each course has been selected for its content quality, delivery mode, and the provider’s credibility.
So, whether you’re looking to dip your toes into Forex trading or are ready to dive into the deep end, keep reading to select the course that’s just right for you.
The journey to becoming a confident and proficient Forex trader starts here.
Choosing the Right Forex Trading Course For You
- Your Level of Experience: Different courses are designed to cater to different experience levels – beginners, intermediate traders, and advanced traders. Ensure the course content matches your current level of knowledge and experience.
- Course Content: Review the course syllabus or outline to ensure it covers the topics you’re interested in. A comprehensive Forex trading course should cover basics like Forex terminology, how to read Forex charts, technical and fundamental analysis, trading psychology, and risk management.
- Instructor’s Experience and Reputation: The instructor’s expertise and credibility play a significant role in the effectiveness of the course. Ensure the instructor is an experienced trader who can provide real-world insights. It’s also beneficial if they are a good teacher who can understandably explain complex concepts.
- Practical Application: Theoretical knowledge is essential, but the opportunity to apply that knowledge practically is equally important. Look for courses that offer practical exercises, real-world examples, and preferably a demo trading account to practice your skills.
- Reviews and Feedback: Look for reviews and feedback from previous students. This can provide insights into the course’s effectiveness and instruction quality.
- Support and Community: Check whether the course offers ongoing support, such as Q&A sessions, discussion forums, or direct access to the instructor. The presence of an active learning community can also enhance your learning experience.
- Price and Value for Money: Lastly, consider the cost of the course. While free courses provide a good foundation, paid courses often offer more in-depth knowledge and support. However, the most expensive course is not always the best. Consider the value you’re getting for your money, and ensure it aligns with your budget.
BEST FREE FOREX TRADING COURSES
The courses listed below are free but contain valuable information, especially for beginners.
This is an excellent place to start if you are just considering forex trading.
1. Udemy – Become A Forex Trader – Forex Trading Like a Professional
In this course, you will learn the basics of Forex price action and indicator trading. You will learn to read and understand a Forex price chart, identify the best Forex setups, and use technical analysis patterns to make trading decisions.
This course is for beginning and intermediate traders. It is designed to help you build your foundation in Forex trading and become a better trader.
What You Will Learn
- How to read and understand a Forex price chart
- The different types of Forex price action patterns
- How to use technical analysis indicators to make trading decisions
- The best Forex setups for beginners and intermediate traders
- How to manage your risk and trade with discipline
Who Is This Course For?
This course is for beginning and intermediate Forex traders. If you are new to Forex trading, this course will teach you the basics of price action and indicator trading. If you are an intermediate trader, this course will help you improve your trading skills and become a more profitable trader.
2. Forex 101 By Admiral Markets
The Forex 101 course is another free but educative forex trading course by admiral markets. Here is a course outline;
BEGINNER – Getting Started
- 1. Getting to Know Forex
- 2. A Trader`s Starter Pack
- 3. Practise Time! Get Your Demo Account!
INTERMEDIATE – Getting a Feel for Forex Trading
- 1. Setting up MT4
- 2. Making Your First Trade
- 3. Thinking Strategically
ADVANCED – Taking it to the Next Level
- 1. Creating Your Game Plan
- 2. The Power of Indicators
- 3. Managing Risk Effectively
The aim is to take you from beginner to expert. The trading software is MT4, and the broker doesn’t need guessing, Admiral markets.
3. Coursera Forex Course By Interactive Brokers – Trading Around the World
In this course, you will learn about the foreign exchange (FX) market, including its participants, products, risks, and margin accounts. You will also learn how to make stock transactions in the FX market on an online trading platform.
What You Will Learn
- The different participants in the FX market and their motives for trading
- The different types of FX products available
- The risks associated with trading in the FX market
- How to use margin accounts to increase your trading power
- How to use an online trading platform to make stock transactions in the FX market
Who Is This Course For?
This course is for anyone interested in learning more about the FX market. It is perfect for beginners.
What You Will Get
- Access to the course materials, including video lessons, quizzes, and practice trades
- A community of traders where you can ask questions and get help from other traders
- A certificate of completion
4. Rayner TEO Forex Trading Course for Beginners (Free)
Rayner Teo is an independent trader with an impressive following due to his expertise and approach to teaching.
This course primarily focuses on forex trading. The course simplifies complex trading concepts.
Also, the course includes multiple learning formats, such as text, charts, and videos, and covers a wide range of topics.
Rayner provides a comprehensive understanding of trading, from market trends to technical analysis, trading psychology, risk management, and trading strategies.
This course is excellent for beginners who want to understand the basics of forex trading without financial commitment.
It’s also suitable for intermediate traders who want to deepen their knowledge, especially in different trading strategies.
Here is the course outline:
- What is Forex trading, and how does it work?
- What are the major currency pairs?
- When is the best time to trade Forex?
- Common Forex trading terminologies
- What is a Forex lot size?
- The different types of Forex orders
- How to read a Forex chart
- The different types of Forex charts
- The different types of Forex analysis
- The different types of Forex trading strategies
- The different types of Forex brokers
- How to choose a Forex broker
5. Youtube Video – Forex Trading Course (LEARN TO TRADE STEP BY STEP)
Mohsen_Hassan tutors this course. An experienced forex trader who also doubles as a tutor on Udemy.
Although he has a paid version of this course, I consider the free version on youtube as enough for any beginner to grasp the basics and kick-start a forex trading career.
Here are all the topics covered in this free course;
- The History of Money
- The Forex Market Quotation
- FOREX Terminology
- Technical Analysis vs. Fundamental Analysis
- Charts and Trends
- Chart Patterns
- Technical Analysis/Indicators
One downside of this course is its length. It’s a 4 hours video. But you can download and learn at your own pace.
6. Inner Circle Trader (ICT) Youtube Course
The man behind this course is none other than Micheal Huddleston; he is a renowned forex trader and mentor.
Even though the general sentiment of the forex community towards him is quite mixed, there’s no denying that he’s an exceptional trader.
He invented techniques like order blocks, breaker blocks, liquidity grabs, etc. These differed from traders’ conventional methods, like resistance, trendlines, etc.
His concepts brought accuracy that’s never been seen before to price action. Back in the day, he used to charge quite a lot for his course and coaching.
But recently, every module in his forex trading course got uploaded to a YouTube channel, making it accessible for free.
TOP Paid Forex Trading Courses
Forexsignals.com’s course covers everything there is to know about forex trading.
Besides that, the best trading tools are provided alongside forex signals. Here, live trading sessions, webinars, and the like are hosted by mentors.
This way, you see the ‘why’ behind every trade that’s taken. Moreover, there’s a trading room where traders can share ideas, ask questions, etc.
The downside here is that free course access is only guaranteed for 7 days. Subsequently, a monthly fee must be paid to use their services.
Pricing ranges from $26-$58 monthly.
8. Asia Forex Mentor—One Core Program
This course is provided by a well-renowned trader that goes by name of Ezekiel Chew. He is a trader who has been at it for 20 years and has prevailed successfully.
Furthermore, the course contains 26 well-produced videos covering 60+ sub-topics related to trading.
Going with the typical trend, they also offer a 7-day free trial. Afterward, a one-time payment of $997 is required for continued course access.
9. Home Trader Club by Vladimir Ribakov
Ever heard of Vladimir Ribakov? One of the most popular forex traders today.
Ribakov is not just a trader but also a highly respected trading coach. He has made significant efforts to share his knowledge and expertise with others interested in forex trading. To this end, he created “The Traders Academy Club,” Now “The Home Trader Club,” providing comprehensive training resources for traders. The academy includes video tutorials, webinars, market analysis, and a community forum.
He also developed popular systems in the forex industry, including the sRs Trend Rider, Forex Libra Code, and Forex Triple B.
By joining The “Home Trader Club by Vladimir Ribakov,” You get access to the following;
- EDUCATIONAL VIDEOS FOR BEGINNERS AND ADVANCED TRADERS
- DIRECT ACCESS AND COMMUNICATION WITH VLADIMIR
- VIP PRICE ACTION COURSE
- FREE SWING POINT TRADING STRATEGY
- REAL-TIME TRADING IDEAS and Many more
The monthly membership for his trading academy is $37, and you can save on the classes by paying a yearly fee of $370.
10. How To Trade
This course is delivered by three expert traders, Connor Woods, Shain Vernier, and Nick Quinn.
How to Trade is a full-option forex course offering basic and advanced forex concepts. Payment for this course is flexible since desired lessons can be picked.
A 7-day free trial is also available for this course; you can learn at your own pace.
The video courses aside, a live trading session provides insight into strategies in real-time.
11. MQL4 Programming for Traders on Udemy
Do you want to learn how to automate a trading strategy? The MQL4 Programming For Traders course on Udemy is the perfect course to get started.
This course is about the MQL4 programming language and how to use it to automate your trading ideas to create forex expert advisors or forex trading robots.
This means you must be grounded in forex trading before taking this course.
If you can complete the course, you will be able to code and automate any forex trading strategy, and you can earn money doing so like I do here on forexdominant.com
But this is not a free course. It’s premium, and it’s worth buying.
Other Free Websites To Learn Forex Trading
12. Baby Pips School of Pipsology
Babypips is unrivaled in integrating newbies into the world of forex trading.
Baby pips simplify information with the use of analogies and even jokes. Interactive and engaging pictures are used to buttress points too.
They offer a crash course for beginners, which can be taken on their website or downloaded as a PDF for free.
Additionally, there’s a forum page where help can be gotten from experienced traders when a roadblock arises, if any.
13. Forex FX Academy
FX Academy’s free Forex trading course is a highly valuable resource for beginners and more experienced traders.
The course is easy to follow and is structured to allow learners to progress at their own pace.
What really stands out is the quality of the content. FX Academy offers a deep dive into Forex trading, covering essential topics such as trading basics, technical analysis, fundamental analysis, and risk management. The lessons are comprehensive, well-organized, and updated with the latest trading strategies and techniques.
The user interface is another plus point. The design is clean and intuitive, which makes navigation easy. Each module is clearly marked and sequential, avoiding any confusion for the learners.
With adequate access to training resources, forex can be self-taught. In the list above, some of the best trading concepts you could dream of can be learned for free.
But immense discipline is required to develop the proper skills needed, but it isn’t impossible.
Yes, forex is still one of the most profitable financial markets around. The stock market, for example, it’s less volatile than the forex market, which translates to a slower change in price.
Besides, the forex market can be traded in both directions; you can either long or short.
Patience is the essential virtue a trader requires; it makes and breaks a trader’s career. Every skill requires time and loads of hard work to master.
Learn the basics thoroughly, then scale up to advanced concepts gradually. Demo accounts and simulators are accessible for zero cost; utilize them till your trading skill is polished.
Read More: How To Become a Forex Trader
Summary: Top Forex Trading Courses
Learning a new skill is always overwhelming because there’s a broad scope of lessons, and it’s understandable.
This feeling is way worse when learning how to trade; there’s so much information out there that it’s challenging to decide where to start.
But I have helped you streamline the options by listing the best. All you need to do is select one and never look back.
The courses on this list are credible, and the free ones provide so much value, do check them out.