Forex Trading Courses

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Looking to learn all about Forex? If you are new to Forex trading, you will want to learn as much as you can about how to be profitable in Forex. There are many courses offered these days by both Forex brokers and independent trading courses geared to both novice traders and professional Forex traders. DailyForex has reviews of the top Forex courses on the internet listed below. Also, you might want to take a look for those that provide weekly trading webinars so you can learn from Forex experts together with other Forex traders.

Tradenet

4.5/5 in this category
In Summary

Meir Barak founded Tradenet in 2004, which now operates from offices in Tel Aviv, Berlin, Cyprus, and London. eight-member team mentors day traders with 40,000 students globally and 1K+ educational hours. Tradenet also claims to maintain the leading, largest, and most professional live day trading chat room. Does Tradenet offer its students one of the top Forex courses?

Pros
  • Structures courses, including dedicated equity and cryptocurrency packages

  • Personal coaching and weekly mentorship sessions

  • Active day trading chat room

  • An introduction course consisting of seven short videos for free

Cons
  • Relatively high costs ranging between $500 and $9,000

  • Requires phone number to register

  • Trading challenges offered that can promote poor trading habits to win the cash prize

What will you learn at Tradenet?

  • Tradenet focuses on day trading, primarily based on the ideology and trading strategies of Meir Barak
  • Trading methodologies
  • Japanese candlesticks
  • Market indicators
  • Volume and trends
  • Support and resistance
  • Theoretical and practical trading

While Tradenet offers four paid-for trading courses, which we will cover below, traders will get a basic introduction to day trading for free. It includes seven short videos, which provide a quality snapshot for beginners interested in day trading. The first video is viewable on the website, but the rest requires a free account, where Tradenet collects data for future marketing campaigns, consisting of name, e-mail, country, and phone number.

Which Forex trading education packages are available at Tradenet?

  • Intro - $500
  • Student - $3,000
  • Expert - $6,000
  • Pro - $9,000

The core of each package consists of the self-study course and limited access to the live day trading chat room, which increases with each package from one month for Intro, three months for Student, six months for Expert, and eight months for Pro. Additional courses appear of lesser value, but the live day trading chat room can cover a lot as part of the other packages.

Please note:

  • One-year access to the live day trading chat room costs $999, a fact to consider when considering a course

Which Forex trading course at Tradenet is the best?

It depends on individual preferences and begins with considering if paying for something will deliver desired benefits. Since the live day trading chat room remains the primary asset, and all Tradenet mentors participate, the best value is the Intro package for $500 plus an annual subscription to the live day trading chat room for $999, for a total of $1,499.

Tradenet Conclusion

Paid-for Forex trading training remains a controversial topic, and individual preferences will make the final determination. Tradenet ranks among the more expensive Forex trading course providers. Tradenet notes everyone has the right to free basic financial education and that the high failure rate of traders above 90% should not discourage traders but inspire them to become better than the 90%. I can agree with both statements.

The live day trading chat room remains the core asset, and all mentors participate. Therefore, interested traders could consider getting a subscription for $999 rather than the courses.

Market Traders Institute

4.0/5 in this category
In Summary

The thirteen-member team at Market Traders Institute, which functions like an online university, has taught traders about the Forex market since its foundation in 1994. It added dedicated cryptocurrency courses to capture the retail demand in this sector. While it tries to come across as a legit Forex trading education portal, with each trader working with a personal education specialist, its landing pages advertise expensive trading courses, MT4 EAs, and time-limited offers to rush a purchase. Find out if Market Traders Institute provides one of the top Forex courses.

Pros
  • 48 courses and MT4 EAs cater to various trading strategies

  • Four live trading rooms offer access to four trading strategies

  • Ensures that traders understand the psychology of trading

  • Financing via PayPal is available to increase affordability

Cons
  • Old-school marketing tactics focused on selling products and services

  • Relatively high costs per course ranging between $995 and $4,995

What will you learn at Market Traders Institute?

  • Technical trading strategies in four live trading rooms
  • Risk management
  • Trading psychology
  • Benefits of using leverage
  • Trading with EAs
  • Supply and demand
  • Trading strategies using Fibonacci levels

Market Traders Institute imitates an online university, calling its portal a campus, but resembles a collection of expensive EAs and courses explaining the core elements of Forex trading and the components used in each EA, including interactive content and quizzes. The lessons are well-structured, but traders must weigh the costs and benefits while considering alternatives to ensure they get excellent value for their investment.

Which Forex trading training course exists at Market Traders Institute?

The Market Traders Institute provides traders with notably more courses and services than most competitors, ensuring they cover a wide range of strategies and allowing traders to pick the ones that suit their preferences. The 48 Forex courses and EAs range between $995 and $4,995, making the bottom more expensive versus competitors and the top cheaper.

Market Traders Institute offers 48 courses and EAs plus:

  • Forex Building Blocks - $247
  • Crypto Navigator - $497
  • Ultimate Traders Package - Undisclosed
  • Equities on Demand - $2,495

Market Traders Institute also offers the following:

  • Analyst on Demand - $99 monthly
  • Money Flow Trading Room - $199 monthly
  • Flex Trading Room - $299 monthly
  • Hybrid Trading Room - $299 monthly
  • Fibs & Formations Trading Room - $499 monthly

Which Forex trading course at Market Traders Institute is the best?

Traders have plenty of options here to acquire a course and EA but should pick one that reflects their risk appetite and preferred trading style. Market Traders Institute explains its products well, allowing traders to determine the most suitable choices.

Market Traders Institute Conclusion

Traders get a plenty of choice at Market Traders Institute, which maintains a well-structured collection of courses and MT4 EAs. It also provides value-added services like its SmartTrader Charting Software, VPS hosting, and a blog. I appreciate the focus on trading psychology, the right mindset, and the intelligent use of leveraged trading.

Forex School Online

4.0/5 in this category
In Summary

Jonathan Fox founded Forex School Online in 2008 and currently affiliates with the Australian-based broker Vantage Markets, meaning that beginners get free education, while Forex School Online earns commissions from Vantage Markets for referred traders. It also features a list of broker affiliations in its demo section.

Forex School Online deploys a trader-friendly model, unlike competitors who charge thousands of dollars per course or annual subscription fees. This ensures that the mentor establishes an excellent relationship with students, who return the favor by trading with affiliated brokers, allowing Forex School Online to earn money by creating successful traders rather than selling a course or access to a live chat room. Therefore, traders benefit from some of the top Forex courses and an excellent value proposition.

Pros
  • Free education without a marketing team selling paid-for courses

  • Well-written content with detailed explanations

  • Actionable trading signals available on the website without registration

  • Fresh content tailored to market conditions rather than static content

Cons
  • Presentation is often a long down-scroll

What will you learn at Forex School Online?

  • Price action trading
  • Support and resistance
  • Breakout/Breakdown trading
  • Trading psychology
  • Japanese candlesticks
  • Trend trading

Forex School Online focuses on price action trading and features fresh content with actionable trading signals, but it is not a financial advisor, as explained in its website footer. Traders must conduct their due diligence before acting on trading recommendations.

Besides price action set-ups, Forex School Online offers an introduction to trading via a seven-step course on price action trading. It is a smartly written course, easy to understand by beginner traders, covering topics many competitors charge thousands of dollars for, making Forex School Online a prime Forex trading education resource.

Which Forex trading course does Forex School Online offer?

Forex School Online does not structure its educational content via courses but begins with an introduction for beginners to learn the essentials of price action trading. It features strategies and videos focused on daily trading set-ups, resembling a signal service rather than an online Forex trading training academy. The combination of educational videos and trading set-ups creates a well-thought-through service, and Forex School Online does not charge a fee.

How is Forex School Online different than most competitors?

Most educational platforms sell a course or a live chat room, aim to educate, but earn their fees regardless of the outcome of their education and trading strategies. At Forex School Online, their income depends directly on how successful it educates beginners, as it earns affiliate commissions from brokers. Therefore, the more its trader trade and profit, the higher the revenues at Forex School Online, with one resource stating its revenues at $2.8 million.

Forex School Online Conclusion

Forex School Online deploys a trader-friendly format to educate beginners and earn money if their teachings translate to trader profits. It offers its educational content for free and publishes actionable trading signals on its website. Instead of a live chat room, Forex School Online maintains forums, a dated but practical approach with quality content.

Trading Academy

4.0/5 in this category
In Summary

Trading Academy, also known as Online Trading Academy or OTA, began its educational path in 1997. It has impressive stats and established itself as a leader in the niche paid-for Forex educational sector, with 580,000 attendees to its free seminars in seven countries and 40+ locations. Trading Academy employs 60 instructors and deploys a combination of free courses to attract beginners and introduce its services, followed by more extensive paid-for lessons. The 94% satisfaction score from 197,000+ reviews confirms that Trading Academy ranks among the top Forex courses.

Pros
  • Free seminars and educational resources for beginners

  • Seven well-structured courses with detailed lesson plans

  • Proprietary educational, analysis, and trading platform

  • Blog with quality content covering a wide range of trading topics

Cons
  • Extended learning costs $13,750, making it the most expensive Forex educational provider

  • Relatively high fees for courses, up to $7,700

What will you learn at Trading Academy?

  • Forex trading
  • Equity trading
  • Futures trading
  • Options trading
  • Cryptocurrency trading
  • Retirement planning
  • Long-term investments and portfolio management

Trading Academy offers a free 90-minute introductory course and maintains a well-structured approach to covering most sectors individually. It follows a true-and-tested classroom approach to teaching trading and investing. While the Trading Academy introduction does not cost anything, the educational courses rank among the most expensive ones within the industry. Its XLT service, available after completing each course, costs an industry-record $13,750, providing two to three weekly sessions lasting between four to six hours of education for twelve weeks.

What type of Forex trading education is available at Trading Academy?

Besides the free 90-minute general introduction, traders may select from seven well-structured courses but should carefully consider the cost. The Trading Academy extended learning service XLT is available after completing any course.

Trading Academy offers the following courses:

  • Core Strategy - Seven-day course, $7,700
  • Digital Asset Program
    • Free introduction
    • Digital Assets - $299
    • Crypto Investor Live - three months for $2,999, then $1,200 for a three-month renewal or $1,800 for six months
  • Strategic Investor Course - $5,500
    • Part One - Two-day course, $2,000
    • Part Two - Three-day course, $3,500
  • Professional Stock Trader - Five-day course, $5,500
  • Professional Options Trader - Seven-day course, $7,700
  • Professional Futures Trader - Five-day course, $5,500
  • Professional Forex Trader - Five-day course, $5,500

Please note:

  • The 12-week extended learning service costs $13,750 for every course and requires completion of the course

Which course is the best at Trading Academy?

Traders can select their preferred sector, and Trading Academy features a five-day Forex trading training course. The best choice is the 90-minute general introduction and the Digital Asset Program introduction available for free.

Trading Academy Conclusion

Trading Academy excels at offering beginners a classroom-style education to traders and investors via seven well-structured courses. Regrettably, they also come with relatively high costs. For example, the Forex trading course costs $5,500 for a five-day session plus $13,750 for a twelve-week extension. While many prefer a traditional educational approach, as available at Trading Academy, traders must consider the value perspective.

Bottom Line

Many beginner traders underestimate the commitment, dedication, patience, and capital successful Forex trading requires. Countless marketing campaigns exist, sometimes by brokers, attempting to convince first-time traders how easy Forex trading is. While starting Forex trading is simple, trading Forex successfully is something which a vast majority of traders fail to achieve.

Top Forex courses may benefit some beginners who prefer to learn in a classroom-style setting with a mentor but ignore the saying: “Those who can, do; those who can’t, teach.” Before traders rush to online classes, webinars, and seminars, they must understand that most of the content in paid-for Forex trading education exists online and does not cost anything.

The final decision depends on the individual and their preferences. Beginners can source high-quality Forex educational content for free online, making paid-for top Forex courses teaching manual trading in a market dominated by trading algorithms a decision to consider twice.

FAQs

How much does it cost to learn Forex?

Forex education is free at numerous trusted online resources, but some well-established trading academies charge between $500 and $20,000 per course.

Can I learn Forex by myself?

Most successful traders are self-taught, which costs less than most coaches and academies charge, resulting in a more in-depth and custom-tailored educational experience and an outcome superior to learning from the theoretical and practical mistakes of others.

Can I learn Forex trading for free?

Beginners can learn the basics of Forex trading free of charge, and several well-trusted educational platforms offer high-quality courses. Creating or learning a trading strategy usually results in initial losses, but costs are lower than paying for education.

Can you get rich with Forex?

While it is possible to get rich with Forex, 75% to 90% of traders lose money. The rest makes minimal profits, while only about 1% trades Forex for a living.

Can I learn Forex on YouTube?

YouTube offers many educational channels, and beginners can find countless content of varying quality and accuracy. It can provide a quality outlet, but beginners should not rely entirely on YouTube.

Is learning Forex hard?

It depends on the individual, but beginners with a passion for financial markets, the economy, math, numbers, and algorithms should have no problem learning Forex.

What is a Forex trader’s salary?

The salary depends on the trader, their input, and their dedication. Other factors include the portfolio size, as earnings are usually percentage-based on deployed capital. The phrase “you eat what you kill” applies to Forex trading, making the salary 100% dependent on the trader. Beginners must consider that only about 1% of all traders trade for a living.

Can Forex be a career?

Forex for a living is a career like other highly qualified professions. It requires a full-time commitment to succeed, and traders earn as much as they put it, meaning a part-time or hobby approach to Forex will yield a part-time or hobby salary.

How long does it take to learn Forex?

It usually takes a few months to learn Forex, a few years to master a trading strategy and to build a portfolio. Many successful traders invest approximately ten years from the start of their education to the time they grow their portfolio to a size that yields sufficient annualized profits to trade for a living.

Huzefa Hamid

I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for DailyForex.com. I began trading the markets in the early 1990s, at the age of sixteen. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. The 1990s were a bull market, so naturally, I made money. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.