What Do You Learn in a Forex Trading Course?
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The foreign exchange market, known as forex, has become one of the most lucrative and thrilling markets in the financial community, attracting people from all over the world. Due to technological developments and of course, the Internet, average individuals are presented with the opportunity to join the market and enjoy an additional income.
Trading forex online can indeed be a good opportunity to make extra money, however, you need to understand that just like every other skill and aspect of our lives, trading forex requires knowledge and preparation.
If you are seriously considering becoming a forex trader, you have to learn how to trade. It’s absolutely essential to understand how the market works, as well as know the various methods for forex trading, how to manage risks, how to operate with different technical tools and broker platforms and more.
Not just that, but you also have to establish a trading plan, learn how to control your emotions and most importantly, practice and experience as much as you can.
If you’ve decided to learn how to trade forex, your next step would be to find a course that can help you learn and establish solid foundations for your future in forex trading. There are many courses available offline and online - some are very educational and focused on delivering high-quality material to the students; others however not so much. Therefore, you have to carefully choose which course will be the most suitable for you and your schedule.
In the following article, we would like to introduce to you our free trading course and go into more detail on the different chapters and information we cover. Trading Education offers a free forex course to everyone who is willing to learn and eventually master the “art” of trading. Before we get down to the details, take a quick look at our official website and what can you expect from us.
What do we cover in our Free Forex Trading Course?
- The first part of the course is designed to cover the basic foundation in forex trading you absolutely need in order to progress further in your studies. Throughout this chapter, consisting of 6 parts and complemented by video materials, available for you to watch whenever you have time, you will learn what is forex, how exactly does it work and why trade it. Moreover, you will answer yourself questions such as, “How to set up my forex trading account” and “How to set up forex charts?”. This part of the course will also examine the different styles of trading forex and includes a forex case study to further illustrate the points made in the chapter. For the convenience of our students, we have also added a comprehensive glossary of terms to refer to when needed.
- In the second part of the chapter, we will focus more thoroughly on the mechanics of forex trading. This part will examine necessary aspects and explain to the traders how to work with trading times, trade on margin and be able to differentiate between fixed spread and floating spread. Not just that but trading students will learn about prices and pips, rollover rates, trading size and more. One of the most essential and helpful things you will study in this chapter is how to read and understand currency charts, which might be considered as very intimidating to some beginner traders. The chapter will wrap things up with an equally essential component of FX trading - psychology. After that, the students can figure out an initial trading plan and will receive a trade example to illustrate some of the points covered.
- Chapter 3 is going to be focused on advanced forex analysis. Throughout this chapter, students will be educated on the different forms of technical analysis and understand why is fundamental analysis very useful for discovering the true value of an asset. Furthermore, this chapter will also talk about financial instruments such as interest rates, as well as some noteworthy country-specific financial indicators. Purchase managers index (PMI), as well as gross domestic product (GDP), are also a couple of other very essential parts of this chapter. Lastly, traders will also learn about the MetaTrader platform, designed to conduct trading operations and technical analysis in the forex markets.
- The final chapter of our Trading Education course is probably one of the most relevant and important ones, so students need to pay extra attention when they get there. Chapter 4 is dedicated to the different trading strategies and will help the future traders figure out what are some of the best strategies they can utilize to be successful. We will cover everything from naked trading to more technical and specialized strategies. Moreover, our students will learn about Fibonacci retracements and how can they be applied in the financial markets and how to create the Fibonacci trading strategy. Other principles that will be covered include the famous Elliott wave principle that is used to forecast market trends. All this sounds quite interesting and useful, right? There is more. This chapter will also introduce Bill Williams and his popular indicators which assist traders in understanding the structure of the markets.
With this article, we wanted to briefly answer the question, “What do you learn in a forex trading course?”. As previously mentioned, once you’ve decided to become a trader, you have to also embrace the fact that the more you know and learn about it, the more successful you will be.
You already know that the foreign exchange market is the largest electronic market in the world and for the past years it has become even more widely-accessible to everyday people, interested in earning extra money. Its characteristics and convenient nature give traders from all over the world the opportunity to trade at any time and place, as long as they have an Internet connection. As we’ve already established, though, being enthusiastic and having financial goals is simply not enough. You have to be willing to learn and spend time to learn and master the skill of trading.
The team of Trading Education has carefully gathered all the information you need as a beginner trader and collected it within 4 chapters, each covering a specific part of forex trading. The comprehensive materials include video lectures and quizzes, available to take at a convenient time. Once you’ve completed our free forex trading course you will receive a certificate in commemoration of your achievement.
Trading Education has your back! It’s easy to get hyped and start dreaming about making big money but you need to devote time and energy to get to that point. With our free forex education you will be prepared and ready to conquer the world of trading.
We invite everyone to take a look at our website and send us an e-mail or a request to join at anytime. Remember, knowledge has a beginning but no end.