There’s a really good opportunity here to make a big buck in the forex market but trading is a specialized skill that isn’t easy to learn. Taking up some forex trading courses is a good way to get started in this industry.
Forex trading is an attractive financial market with the highest daily volume, so, it’s a no-brainer if mastered.
What is a Forex Trading Course?
Typically, a course is a series of classes on a specific subject matter. The course is taken by either an instructor, teachers, mentors, etc.
Forex trading isn’t any different, it is taken by one or more teachers over a time period. Self-learning forex trading isn’t impossible but as a newbie, there’s way too much to distinguish from.
Thus, it is better to start out with the help of a community or mentor on this journey.
How To Choose a Forex Trading Course
A lot of thought goes into choosing a suitable trading course with the biggest being budget. A lot of traders start their trading career with limited funds.
Truth is, you don’t have to spend a fortune to learn this skill, there is various free content up on the web. We’ve curated some of the best courses you could take for free in the list below.
Also, consider the trading techniques most suitable for you. Would you rather trade with indicators or settle for pure price action?
These sorts of questions should be a guide for the type of forex trading course you should take.
#1. Baby pips
When it comes to integrating newbies into the world of forex, this enterprise is unrivaled. Forex is extremely complex and tough but they portray information in a simple manner.
Baby pips simplify information with the use of analogies and jokes to simplify information. 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.
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, free access to courses is only guaranteed for 7 days. Subsequently, a monthly fee has to be paid onwards to use their services.
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 but there’s no denying that he’s an exceptional trader.
He invented techniques like order blocks, breaker blocks, liquidity grabs, and so on. These were very different from the conventional methods traders were used to 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.
If you’ve ever heard of Wyckoff Schematics and you’re willing to learn the concepts, this is the perfect course for you.
He broke the theories down to a tee and explained every component properly. Additionally, on RCV’s Instagram page, several trade breakdowns can be studied to buttress the teachings.
Further, other topics like psychology and logic aren’t left out, definitely one of the best courses out there. This course does come at a pricey free, however, about 70 percent of the course can be accessed on YouTube for free.
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 common trend, they also offer a 7-day free trial. Afterwards, a one-time payment of $997 is required to get continued access to the course.
This is course was created all the way back in 2003 by Greg Secker. It starts out free but along the line, a fee has to be paid.
All the essentials in forex are covered here, from trading strategies to risk and time management.
This forex trading course comes at an expensive price since most of the lessons are one on one sessions with the forex mentor.
#7. WWA Trading
WWA trading is also a very good price action strategy but it’s quite similar to RCVisionaries. Lessons for this particular forex trading course are taken by three individuals.
As a price action trader, mastering multi-timeframe analysis is necessary. Fully understanding this phenomenon will improve entries making the risk on trades even lower.
The WWA trading course excels in this department flawlessly whilst providing knowledge Iino the topics too.
Udemy is one of the best platforms for learning new skills and taking up courses in whatever field. With the subscription prices relatively cheap, it’s no surprise people flock to it.
As regards forex trading courses, there are various ones available here. Tutorials on how to properly use forex software like the meta trader can be learned too.
Udemy Forex Trading School – Forex Trading A-Z is one of the best courses on the platform. It’s inexpensive, making it a good value for money yet providing immense value on topics.
Just like Udemy, Coursera is an educational platform with varieties of courses accessible for a small fee.
Over 400+ forex courses can be found on this website, lean towards the ones with a large number of subscribers.
#10. How To Trade
How to trade is a full-option forex course that offers both basic and advanced forex concepts. Payment for this course is flexible since desired lessons can be picked.
The video courses aside, a live trading session is provided to provide insight into strategies in real-time. It goes on for three days which is more than enough time even for slow learners.
With adequate access to resources, forex can be self-taught. In the least above some of the best trading content, you could dream of can be learned for free.
But immense discipline is required to develop the proper ideals need 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 most important virtue a trader requires; it makes and breaks a trader’s career. Every skill requires time and loads of hard work to master. Forex isn’t any different but a lot of people are misled that it is.
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 – 5 Steps
Summary: Top 10 Forex Trading Courses
Learning a new skill is always overwhelming because there’s a wide scope of lessons, and it’s understandable.
This feeling is way worse when learning how to trade, there’s so much information out there it’s difficult to decide where to get started.
That aside, courses tend to come at a high asking price with the possibility of being scammed. The courses on this list are credible, the free ones provide so much value, do check them out.