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How to Find the Best Forex Education Courses

Posted by BluFX


How to find the best forex education courses-1

If you’re learning forex for the first time, you want to find the best forex education courses. Finding the wrong course means not only wasted money but wasted time - and time is of the essence when you're first starting out, especially if you're juggling a full-time job, too. Here, we'll chat about how to find the best forex education courses for you - and the key things to look out for when searching for a reputable course. 

This blog is part of our new Make It Happen series, a series of blogs aimed at total beginners to forex: for people working a full-time job, with little capital to start off with, and limited time to learn how to trade. Sound familiar? Here’s how to get started on your trading journey.

Read Women in Trading: Kim Krompass Q&A ⟶

4 Ways to Find the Best Forex Education Courses To Fit Your Needs

Finding a forex course that succeeds at giving you a thorough understanding of trading is what it’s all about. Here are some tips on how to find forex education courses that you can trust.

1. What are the reviews like?

One way to get a sense of how well the course does in delivering on its promise is by reading other reviews from traders in a similar position to you. Were other trading beginners in the course satisfied with it? Did they find the material valuable?

Detailed reviews that really break down the pros and cons of the course can communicate what it’s like to take the course. Finding a review that you identify with or that resolves one of your major concerns can do a lot to put your mind at ease. Of course, always put more weight on reviews that come from a neutral site or party - you could take a look on Trust Pilot, Feefo or even YouTube for these reviews. It can be challenging to determine whether a party is truly neutral or not, so it is not an exact science. Testimonials that are promoted by the educator or course itself are only as relevant as the trust you already have in that educator or course. Keep this in mind when you're reading! 

Want to see how other traders set up their home office space? Take a peek inside some forex traders' home offices here>>

2. What's the reputation of the instructor?

While many people can teach forex successfully, you may prefer a teacher known for teaching beginners. Do they have credentials to validate their expertise? How long have they been teaching? Are they trusted? If the instructor is well known, then they have a reputation to uphold and the odds are good that they will be highly motivated to deliver a great learning experience - so this is another key thing to look out for while searching for the best forex education courses.

"Take your financial future into your own hands." - read our Q&A with trading expert and psychology coach Mandi Rafsendjani here>>

3. How valuable does the course outline look?

Looking at the course outline gives you the lay of the land in terms of what the course will cover. Do the topics described in the outline seem to reflect the level of knowledge you are looking to acquire? If you're learning the basics of forex, you'll be looking for topics like “what is a currency pair?” or “how to open a trade?” - as opposed to learning complicated strategies. What you want to see is that the outline of the course lines up with the skillset and knowledge you are wanting to learn, so keep this in mind while searching for courses.

See 4 psychological traits shared by all successful traders>>

4. What is the delivery method?

What kind of learner are you? If you’re a visual learner, you will want a very visual experience with charts and diagrams, and perhaps even animations. If you learn by hearing, an audiobook or lecture might be good enough for you. If you learn by asking questions and interacting with your instructor, then a live interactive instructor, or even an in-person course, would be more compatible with the learning experience you are seeking. If the course doesn’t deliver the information in a way that works best for you, then it isn’t really a good fit for you.

See which trading strategy suits you here: Which Trader Personality Are You?

Stay tuned for more in the Make It Happen series for practical tips on learning forex as a total beginner and getting your head in the trading game... 

Read Women in Trading: Katherine Szewczyk Q&A ⟶

Tags: Make It Happen

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