This page will give you a good idea of what to expect from a Forex training course. On these programs you will not learn from highly skilled speakers, but instead from highly skilled traders. Through an easy-to-understand manner these courses will introduce you to all the essential aspects of foreign exchange. It is a sector where learning never ends, and where survival depends on successfully trading the currency markets and make consistent profits.
What is Forex
Forex is the largest, most liquid financial market in the world. It is a globally decentralized market where currencies are traded, is bigger than that stock market, and has a average traded value of around U.S. $2,000 billion per day. It is open 24 hours a day and does not operate via regulated exchanges or clearing houses. The main players in this foreign exchange market are large international banks.
Typical subjects taught on a Forex training course
- Analysis Methods
- Capital Preservation
- Currency Movements
- Currency Trading
- Daily Trading Volumes
- Economic Calendar
- Economic Indicators
- Entry Signals
- Exit Signals
- Financial Markets
- Foreign Exchange Markets
- Forex Platforms & Accounts
- Forex Terminology
- Interbank Markets
- Interest Rates
- International Trading Hours
- Introduction to Stock Market Trading
- Long Term (Position) trading
- Margin Trading
- Market Principles
- Money Management
- Moving Averages
- Price Action Patterns
- Price Action Strategies
- Price Behaviour
- Proven Strategies
- Risk Management
- Risk Reward Ratios
- Short Term (Day) trading
- Success Rates
- Support and Resistance
- Technical Analysis
- Trader Psychology
- Trading Software
- Trading Strategies
You will learn how to
- Trade in both rising and falling markets.
- Take emotions out of trading decisions.
- Cut losses early.
- Set long term goals.
- Read prices displayed in charts.
- Place a trade.
- Try to identify which way the markets are moving.
- Analyse the market.
- Plan trades in advance.
- Calculate investment to leverage ratio.
- Evaluate the level of a broker’s services.
You will learn about
- The most up to date trading tools.
- High probability low risk trades.
- Trade watch lists.
- Getting a real Trading Edge.
- Identifying and quantifying risks.
- The Pros & Cons of Trading Forex.
- Risk versus reward.
- The importance of Chart Patterns.
- How foreign currency trades work.
- The rules and regulations of the market.
- The financial instruments of Forex.
- Forex literature and specialist journals.
Forex training courses overview
Through web and seminar based classes you will learn about the most important parts of this fast moving field. Apart from traditional classrooms, forex can also be taught through interactive online courses which can be accessed from anywhere in the world, and which can easily fit around your lifestyle. These programmes allow you to watch course material at your convenience, whenever your schedule permits. Many programmes allow students to go through online tutorials as many times as they need to, to understand the basic concepts.
In highly charged classrooms you will learn in a face to face environment where trade simulations are used so that students can see live the results of any decisions they have made. Subjects are taught through lectures, PowerPoint presentations, eBooks and trading simulations. Students will open demo accounts and trade there until they learn the ropes and become consistently profitable. Through energetic lectures you will learn proven methods on how to consistently and profitably trade currencies. Courses can be tailored to allow for part-time or full-time study.
Course content is regularly updated to make it relevant to present trading conditions and market fluctuations. Many training providers also support students with ongoing email or telephone support after they have completed their studies.
Students are advised to look for training providers who have solid reputations, and who are certified through a regulatory body or financial institution. You should always research a training company beforehand by trying to contact previous delegates through online forums or reading reviews. A few checks before you sign up can help you to steer clear of scams and cowboy companies. It’s also advisable to carefully read the terms and conditions and check any certificates you are promised for authenticity.
Many tutors are themselves current or former professional traders who will be there to guide you on how to get through rough periods and take full advantage of good periods. Apart from simply mentoring you they will also give you their perspective of a market and a real insight into what goes on in the world of Forex.
Who is a Forex training course suitable for?
There are a wide range of beginner, intermediate and advanced level courses available for absolute novices as well as more experienced people.