Forex is a trendy investing market for both investors and traders. Over 5.1 trillion currency traded in a day here. It's one of the biggest liquidity markets in the world. Forex trading is not a simple thing. You have to learn a lot of things to become a successful trader. If you don't have any knowledge about trading and how the markets work - your investment funds will become zero within a few minutes.
There are many courses available to learn forex trading. You may find video and audio-based even some ebooks but all are not good and suitable for beginners. Here is how you can proceed.
There are three criteria based on which you can choose an online training program:
Firstly, you should make sure that the course would teach you the basics of forex trading. Most of us who enter this industry have little or no previous knowledge, so it's very important to learn the basics from a single source rather than consulting an endless array of websites.
Secondly, you should take into account whether the course would include a live trading session. It's all well and good learning the basics, but what matters the most is the real deal, the real thrill of being involved in a trading session. This trading method needs to be a profitable one; otherwise, you will lose.
Thirdly, check the course content. A good online program should ideally walk you through a wide range of trading examples and show you how to perform 'test trades' using a demo account of any forex trader. In addition, a free course will teach you currency trading strategies and techniques used by successful traders.
Fourthly, check whether or not the course would help you learn the tricks of developing a trading system, using trend indicators, signal generators, flow charts, and many more. You will also derive knowledge of the best trading software applications used in the market today. The course should also give you knowledge of the best FX trading software in the market.
Finally, check if leading traders and institutions endorse the course. Talk to various traders and individuals who have completed the same course. Also, check the amount of time the course would promise to turn you into a trader.