Forex Education: essential for the novice investor.

Forex Education: essential for the novice investor.

Forex education is often taken lightly. However, due to the complexities of the Forex market, new investors must review all tools at their disposal to improve their understanding of this profit opportunity. Whether one is a novice investor or an experienced trader in another market, it is essential to examine all tools available for self education. These days there are a number of solutions that help investors move quickly along the learning curve.

Forex Education: Basics

Forex education or training courses can be broadly divided into two categories:
Online courses: This mode of teaching is basically conducted by instructors who provide various sources of learning, including eBooks, PowerPoint presentations and trading simulators. For a beginner, this form of Forex education is invaluable. People can self-pace the teaching and can learn from the comfort of their own homes. This is also the more inexpensive form of Forex education. The downside here is that a personal teacher is not available at one’s disposal and one-on-one discussions may not take place.

Individual training: This mode of teaching is much more specific and more appropriate for traders with a basic understanding of the Forex market. In this form of Forex education, an assigned mentor (usually a successful trader) spends most of the time teaching via the placement of actual trades. These mentors are also likely to review strategies and risk management techniques related to the Forex market.

Forex Education: what to avoid

It is essential to stay away from presumptuous claims. Avoid getting carried away by courses that make bold claims like “guaranteed profits” and “no way to lose,” since no one knows for sure what would happen in the foreign exchange market.

Forex Education: what to consider

There are two things that an investor should consider in choosing a Forex education provider:
Reputation: an investor/trader needs to gauge the reputation of the course provider. Therefore, it is advisable to select courses that have established track records.
Certification offered: established training courses are certified by a regulatory body or a financial institution. Some of the most popular regulatory boards that certify courses in the US are:
1. Chicago Board of Trade
2. Securities and Exchange Commission
3. Commodity Futures Trading Commission
4. Chicago Mercantile Exchange.
Although Forex education cannot be completed merely via currency trading tutorials, these are invaluable sources of information. These tutorials help learn the basic principles of trading, so that an investor can be better positioned in the Forex market.

Easy-Forex Education
Easy-Forex understands that educated traders will stay with them longer, so they take the subject of training their customers seriously. Their online platform has a Learn centre where customers can find a library of articles explaining Forex, online videos on how to trade on their platform, a glossary of hundreds of Forex terms and an eBook Guide to Trading to download. One-on-one training via phone or their online Chat provides the personal touch that few other Forex platforms offer. And for the more experienced trader, personal dealers offer even more advanced information and training.