For many advanced forex traders, figuring out price movements and making successful trades is a piece of cake – but it takes time, reading and well – trading – to get there.
If you are just taking your first steps in the vast universe of forex, you may want to start slow and get the necessary theoretical preparation. To make your task easier, we have compiled a list of useful educational resources on forex.
4XP offers a video course divided into 3 main sections: beginners, advanced and MT4 platform guide. The beginner course covers the basics, such as forex terminology, types of orders, etc. At the end of some lessons, you will have a chance to test your knowledge by answering some questions based on what you have watched.
In the advanced module, traders get to know about calculating risk, Japanese candlesticks, support and resistance levels, trends and trend lines, and so on.
The MT4 part of the training course is an extensive guide, covering the installation of the MetaTrader 4 platform and all its features and tricks.
DailyFX is a service of FXCM, one of the largest forex brokers worldwide. The DailyFX PLUS Trading Course is available to FXCM customers only but if you are not a client of the broker yet, you can sign-up for a free 7-day trial.
The course is organized in 60 video lessons that are nicely paced and easy to follow. Further to that, users have access to more than 15 hours of live tutoring webinars every week, and to optional homework assignments that help them test the newly acquired knowledge.
The topics of the training cover the basics of forex, technical analysis and money management. Along with the video course, users can also refer to the beginners section of the DailyFX site, which features articles on forex trading.
Forex.com is offering two educational programs: a self-study course and an interactive one. Each of the two courses features seven comprehensive chapters covering pretty much everything you would need to know to start trading. The bad news is that these classes are paid – you would be charged $99 for the self-study course and $299 for the interactive one.
The good news? Forex.com offers a free alternative in the form of webinars, video tutorials and text tutorials. These are an excellent starting point for a newbie ambitious enough to conquer the forex market.
XEMarket’s educational course is very, very detailed. It will lead you throughout the entire process of setting up an account, depositing money and finding your way around the Metatrader 4 and Webtrader trading platforms. Mobile applications are covered as well.
Unfortunately, these XEPEDIA doesn’t really focus on the actual forex trading but rather on the navigation throughout the broker’s product – but nonetheless, it is a very useful addition to your trading knowledge and expertise.
ThinkForex offers the so-called FX University, where traders of all skill levels can find useful tips and tricks.
The university curriculum is divided into 4 “semesters” – one for beginners, another one for advanced traders, a “semester” dedicated to strategies, and a module on the MT4 platform.
The beginner and MT4 lessons are offered to anyone, and the advanced and strategic modules are only available for live account holders.
ThinkForex traders are also welcome to tune in for the broker’s free webinars held twice every week.
When it comes to education, DF Markets keeps it simple. The broker’s customers can start their forex education with six simple, well-written articles:
- What is CFD Trading?
- What is Forex?
- Forex Fundamentals
- Fundamental Analysis
- Technical Analysis
- Forex Trading
Despite being a bit concise, the articles include most of the basics a beginner needs to know when taking up forex trading.
SkyFX offers three video tutorial classes: Beginner trader, Advanced trader, and MetaTrader 4 platform guide.
The beginner course covers the topics of forex advantages, basic terms, order types, winning tactics and a glossary.
The course for advanced traders includes lessons on the subjects of candlestick trading, calculating risk, support and resistance levels, trend lines, Fibonacci numbers, etc.
The Metatrader 4 guide is self-explanatory: it will teach you how to use the MT4 trading platform.
At FxPro you won’t find an educational section per se, but rather a video collection that features the broker’s masterclass forex trading video produced together with Bloomberg.
The topics range includes a trading platform guide, technical analysis, risk management, psychology of trading, etc.
Liquid Markets’ educational page is quite neat. It is only has 3 sections: Forex Tutorial & Guides, Forex Glossary, and Trading Webinars.
The tutorials and guides section will offer you 12 lessons in PDF format. They are all easy to follow and understand and answer all the questions one could have when making their first steps in Forex.
The glossary holds the definition of all the common tools from the forex industry – organized alphabetically and easy to search through.
RoboForex’s educational section starts with the title “Forex: You can do it!”- and that pretty much sums it up.
There you will find short articles explaining the basics of trading, as well as a video course with four main chapters: For Beginners, MetaTrader 4 Guide, Forex strategies, and The world of global trade.
The entire course is available to anyone, regardless of whether they have an account with RoboForex or not.
JFX is another broker that keeps things light: three how-to articles guide you from the very beginning to a trading platform guide to risk management tips and tricks.
These three simple, yet comprehensive tutorials – How to Trade Forex, How to Trade on MetaTrader 4, and How to Manage Risk – will prepare you well enough to start trading & making dough.
FxNet's educational section is well-structured and comprehensive. It brings you a very decent economic calendar explaining each event and its possible impact on the market; a technical analysis section; a forex e-book; and a mini forex glossary.
The highlight of the broker's educational section are the video tutorials that are particularly useful for beginners. They cover topics like basic forex terms, the advantages of forex, order types, winning tactics, etc.