Forex-Courses

Best Forex Trading Courses (2021) ranked by Bankers

In Finance Courses & Certifications by Gaurav SharmaUpdated On:

The foreign exchange or forex market is one of the largest in the world with trillions being traded each day. Most of it is of course done via derivatives which offer a much better way to get exposure while better managing your risk. Forex trading is less intuitive than stocks or investments in commodities and even bonds.  There are multiple factors at play, and you have to react to overseas news and geopolitical events in addition to whatever fundamental/ technical analysis you have performed.

This makes forex a bit more interesting and something that is better suited for more experienced traders. You can, of course, simply limit your exposure to a very small amount but you are juggling more balls simultaneously with forex than you are with other asset classes. If you have decided to get started, then here are some great courses to get you off the ground.

1. Forex Trading A-Z™

Why take this course?

  1. One of the most popular online forex trading courses that helped tens of thousands of leaners get started with forex trading. It’s a course that has been created with a highly scientific and data heavy approach in mind, while remaining intuitive and easy to implement. Remember that data crunching is helpful, but you don’t have to do it yourself. There is software that does that for you.
  2. This is a beginner friendly course, so the first order of business is to get all the jargon and acronyms out of the way. Lots, margins, quotes, spreads, stop loss, order types, pips and points etc. are all explained and demystified.
  3. That is when you move on to the meat of the course which is the analysis part. This is split into two sections – fundamental analysis and technical analysis. Most traders should be familiar with fundamental and technical analysis as it is used everywhere in the financial markets. But things are a bit different here and there are some subtle nuances to consider. News analysis is a major component here.
  4. You will also get to see some real trading examples using MetaTrader 4 that you can instal locally on your system. You will see some real examples that should help you try things on your own. This is probably the best part of the course as it shows you how to analyse your trades and gives you the confidence to try things out on your own.

Summary

Time to CompleteAbout 8 hours
FormatSelf-paced, fully online
DifficultyBeginner

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2. Forex – Trading Around the World from Interactive Brokers

Why take this course?

  1. Forex-Courses

    An excellent starting point for forex traders around the world. This course has been created by a professional brokerage company and provides an insider’s perspective at how forex is traded. Its not overly complicated and should suit most beginners who are new to forex or trading in general.

  2. You start off with the a broad overview of forex markets – the basic currency pairs, trading products, inherent risks, the various market participants, the various exchanges, why different types of companies want to trade forex (hedging, arbitrage etc). It lays a solid foundation for the next module.
  3. Next up, we dive deep into how to manage currency exposure, how to enter overseas trades, how to trade shares of overseas companies in a different currency that on your own. Just some practical lessons to help traders deal with issues they face in the day-to-day.

Summary

Time to CompleteAbout 12-13 hours
FormatSelf-paced, fully online
DifficultyBeginner

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3. The Complete Foundation FOREX Trading Course

Why take this course?

  1. Another popular course that is ideal for beginners and takes you through the complete journey from beginner to successful forex trader. There is excellent video content that shows you everything as the instructor talks about it and it really helps with the learning process.
  2. The basics are covered first – concepts like currency pairs, market structure, how you actually make money trading forex, pops, lots, short selling, leverage and everything else you need to know on Day 1.
  3. There is a unique and very helpful section on choosing the right brokers. This is very important as forex markets have a lot of brokers – like a LOT – and not all of them are worth your time. This makes this an important section from a practical standpoint, especially if you are new.
  4. From this point on, the bulk of the focus in on the analysis – mostly charts and trends.  You will learn about ascending and descending triangles, wedges, moving averages, Bollinger bands, RSI, Fibonacci and plenty of other technical indicators. There is enough here to get you started with your own forex analysis right away.

Summary

Time to CompleteAbout 10-12 hours
FormatSelf-paced, fully online
DifficultyBeginner

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About the Author

Gaurav Sharma

Gaurav started his finance career as an intern in Citi’s Institutional Clients Group in 2009, eventually ending up as an Associate Director at Standard Chartered Bank’s Corporate & Institutional Banking division a few years later. By 2016, he was an independent consultant helping FinTech start-ups in London with product development and launch. Gaurav also helps banks with their digital banking initiatives and advises PE & VC firms with investments in the financial services and FinTech sectors. Gaurav writes on topics ranging from EU banking regulations and tradional finance to Blockchain startups and the future of banking itself! He has an Engineering degree in Computer Science and an MBA with a double major in Finance and Marketing. He is also a Certified Financial Risk Manager.