Like in any other profession, it is crucial to have proper education and preparation before starting trading with a funded and live account. One way is through taking part in Forex trading courses for beginners. I have conducted a research and outlined the courses that you can attend, but also tips on how to filter out the reliable ones.
AtoZ Forex – Investing in foreign exchange (Forex) markets can offer you a good opportunity. However, do not expect that you will succeed immediately. Some people who started trading Forex get frustrated or disappointed as they do not generate the anticipated returns or simply lose their trades.
Therefore, it is crucial to have a proper preparation before making your way as a Forex trader on the market. There are two major types of education: you can attend (online) group courses or go for a one-on-one individual training. When it comes to trading courses or private training, you should be aware that there are many scams in the markets with so-called Forex Guru’s. Hence, I have listed below numerous of criteria which traders can use to assess if a course or trainer is reliable. Alongside, I summed up other practical information and tips.
Planning is key to success for every trader
Before starting with any of the courses or individual training it is advised to learn first the basics of Forex trading through literature or other sources.
Once you are set to take on an individual training or Forex trading courses for beginners, you should check your availability. Because some trading courses require more commitment and time, such as the case for individual coaching. Therefore, you should examine the costs and time you are willing to invest.
Individual training vs. Forex trading courses for beginners
Nowadays, both the Forex trading courses or a private training can be taught on-site or online. Especially, the number of online courses/training is increasing. As distance learning is practical due to the online eBooks, PowerPoint presentations, and trading simulations. Yet, what are the differences between the two types of education? Which one suits you better? I have created the infographic below for a clear overview.
How to determine if a course or training is reliable?
Next I have listed the criteria that you should keep in mind when selecting Forex trading courses for beginners or an individual training. First of all, confirm the reputation of the course or trainer. As there are many fraudsters promising you will get a high return and instant money.
Note that any of such guarantee is a scam! Backing up these words, the successful and professional trader, Mr. Yury Safronau explains in an interview that there is no holy grail in Forex trading.
A reliable training program would not make such promises. Rather will provide you with useful information and strategies that deliver results. You can find out if a course is reputable by consulting with other traders, for example in online forums. Thus, you will be ensured you are making the right choice.
Another thing to which you should pay attention is the certification. Most well-established trading courses are certified through a regulator or financial institution. Bear in mind that each country has its own financial regulator. Therefore, it is recommended to verify the credibility of a trading course with a local regulator. Check if the claimed certification is legitimate. Also, go through the terms and conditions.
Have you ever attended (online) courses or paid for an individual training? Share your opinion in the comments section below!