Forex Training

The 19 Best Forex Training Courses for Beginners

By Jason Hoe
Last Updated: 1 December 2017
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We all know knowledge is power. And you would be hard-pressed to find a more suitable saying for the world of forex.

Whilst traders of all levels should continually up-skill and broaden their knowledge, the learning to trade is especially important for those who are just starting out and eager to give it a go.

Forex trading covers such a broad spectrum - from futures, options and spots, to leverage, brokers and trading platforms. With such a diverse topic, and the potential to be lead astray, you might be wondering how exactly do you learn to trade forex?

To help, we’ve put together a list of the 19 best forex trading courses and training providers we could find. 

From free courses for beginners, to paid training providers and price action trading, here’s everything you need to become a better forex trader.

Platinum Trading Academy

Get a personalised 20 minute call with a dedicated professional trader/mentor to discuss your needs and goals (Yours Free)

ForexSignals.com

Learn from the best with a Live Forex Trading Room, Live Streams, Forex Signals, Video Courses, Chat and much more.

Bizintra

Top online trading courses tailored for the beginner and the pro trader, by high profile traders - free to get started. T&Cs apply.

Six Figure Capital

A proven step-by-step system designed to take you by the hand to become a successful forex trader, no ambiguity or confusion.

Six Figure Capital

Join pro trader Lewis Glasgow and learn to trade the forex market in just 14 days.

Traders Academy Club

Join live trading room sessions hosted by pro trader Vladimir Ribakov. Plans start at only $97 per year.

Forex price action courses

‘Price action’ is a term given to how a currency price moves overtime. Traders can interpret the way a currency pair moves to make predictions about the future. Whilst some of the trainers mentioned above touch on this topic, these courses below focus more exclusively on this concept.

12. Forex4Noobs

As you may have guessed, Forex4Noobs is specifically targeted at helping the new members of the forex community to understand how price action works. You can start by signing up to the free weekly newsletter which provides price action analysis and trading tips.  The next step is to cover off the basics. There are over 15 topics covered under this section to make sure you know what you’re getting into.

Forex4Noobs Trading Education

Finding a broker and creating a risk management plan are pretty big steps and Forex4Noobs also have a free course covering these topics. Finally, you can sign up for the Forex Mastermind to access five advanced modules plus a forum with other traders.  Pricing is lifetime access for one lump sum payment or three monthly payments.

13. The Forex Guy

Getting access to the ‘Price Action War Room’ on The Forex Guy's website will enable you to access a forex trading course to teach you how to read charts like a pro, chart of the day commentary, weekly video tutorials, trading community with forums and chat room, trade management panel software, and a custom candlestick generator.

The Forex Guy War Room

You can enter the war room for one lump sum payment or three weekly payments for lifetime access.

14. Learn to Trade the Market

With a one-time fee you gain life-time access to Nial Fuller’s ‘Price Action Forex Trading Course’ which offers a comprehensive training guide, tutorial videos, daily trade set up newsletter, and email support. Nial has been trading the financial market for over 14 years, gaining invaluable experience as a trader, coach and author. 

About Nial Fuller from Learn to Trade the Market

He has featured in Reuters, the Street, Money Show.com, Investing.com, and FX Street, amongst others. His training course is focused on teaching you price action strategies. This is better suited to those who understand the basics of forex trading already.

15. Daily Price Action

Justin Bennett is an experienced trader offering courses on a couple of different strategies via his website Daily Price Action. If you’re a true beginner, then he has also created a ‘New to Forex’ section which will take you through all the basics including terminology and Metatrader 4 installation.

Daily Price Action Course

If you already understand the basics and are ready for paid material then you can subscribe to his Pro Forex Community. Benefits include more in-depth training, video tutorials, an experienced mentor, as well as membership to the community forums and discussions.  

16. Forex School Online

In contention for ‘most self-explanatory title’ is Forex School Online which is a free online beginners trading course created by price action trader, Johnathon Fox.

Forex School Online

Once you have a grasp of the basics, you can then enroll in his ‘Advanced Price Action Trading Course’ to learn some specific strategies you can apply to your own trading. As part of this membership, and in addition to the price action strategies; you will receive a psychology course, members videos and articles, access to the live price action setups forum, and email support with Johnathon Fox himself.

Free courses for beginners

A selection of the best free forex training courses which are perfect for beginners or traders just starting out.

17. FX Academy

With possibly one of the most comprehensive free forex courses around, FX Academy have a lot to offer traders of all levels.  You can learn within your own schedule and can chose the topics that are of most value to you.

FX Academy

The best feature would have to be the interactive learning aspect of their courses - with quizzes and videos featuring throughout, they keep you engaged through the whole process.

18. Baby Pips

Baby Pips is probably one of the more well known forex blogs out there and they have a newly created ‘school’ offering free education for anyone interested in learning about forex.

BabyPips School of Pipsology

They have a simple philosophy of how to become a successful trader: “make pips, keep pips, repeat.” But they don’t shy away from telling you it’s going to be difficult. Their course is well structured with levels ranging from ‘preschool’ to ‘graduation’ with maybe a few too many puns throughout!  If you enjoy their humour then this course could be the perfect forex entry point.

19. Forex Peace Army

Another well know forex forum, who also have an education arm, is forex peace army.  Not lacking for content, and military like in their delivery, this free course is packed with knowledge for all who get involved. 

Forex Peace Army Trading Education School

You can simply head to their ‘forex military school’ page and scroll through the chapters to find what you need, or simply start from the beginning.  It’s all on one page and is super easy to navigate through.  A well-structured and comprehensive guide.

Disclaimer

Remember, trading foreign exchange carries a high level of risk and may not be suitable for all investors. Leverage can work against you as well as for you. There is a possibility that you can lose some or all of your investment so don’t risk more than you can afford to lose. Seek independent financial advice if necessary.

How to learn forex trading

Now that you’ve been overwhelmed with course and training options, we thought it would only be fair to offer some suggestions on how to choose the right one.

The subject can be broken into two different categories - general knowledge and price action knowledge.  The first two groups of courses above (under Free Online Courses and Forex Training Providers) are ‘general’ forex market training. And the last group (Forex Price Action Courses) are sites specifically focused on price action strategies. If you are completely new to the world of forex, for example you aren’t sure what price action strategies are, then you should be focusing on general knowledge first.

Once you know what category of training you seek, you need to decide on whether you want free education or are happy to pay for the knowledge. If you have a lot of time and are fairly new to forex trading then your best bet is to undertake as many free courses as you can to build up your general knowledge and find out what specific areas you would like to focus on.

When you’re ready to purchase some forex education, you will decide on signing up for an online course, possibly with a community membership aspect, or finding someone you admire and joining a one-on-one mentoring program.  The latter is the most expensive option by far but will provide you with highly personalized training and superior support through your early trades.  This option will be excessive for most, and generally people will be happy paying a subscription or lump sum fee for life-time access to an in-depth training course plus ongoing membership to a community with regular trading support.

How to choose the best training course

If you are seriously considering paying for a course then it’s imperative you find one that is going to work for you. There are a few different factors that need to be considered.

Reviews

How have others rated this course?  There are many review sites and you can almost always find reviews on a certain course by typing the course name into google followed by ‘review’.  You could also access various forex forums and communities to see what others have to say about a particular course.

Time, Cost and Subject Material

Do you want a course drip fed to you over a few weeks or would you prefer to access the entire collection of training material at once?  As mentioned above, you need to consider what stage you are at in your education and whether a paid course would be suitable or not.  You also need to assess whether the content of a particular course will actually cover the topics you need to learn. This applies to both free courses and paid topics.  There’s no point spending a week learning the exact same material as a previous course.

Compatible Teacher

In order to find a coach that you will enjoy working with, you need to short-list a bunch of programs you’re interested in then reach out to those coaches to start an initial conversation.  This is a gut feeling kind of activity so it’s hard to offer advice here, but basically try and gauge how responsive they are, how excited they sound about their course and forex in general, and how sincere they seem.  This relates to online training courses as well as one-on-one mentoring.

Avoid Scams

Checking the reviews should be a good start in avoiding any potential scams. Another key indicator of a less desireable site or course is one guaranteeing or proposing outrageous returns.  Forex trading is a long term game that requires a sound knowledge of the concept and the application of logical strategies. All courses should be focused on teaching you about the forex world in general, and then include some of the coaches personal strategies that they use for trading.  Anything with a ‘get rich quick’ feel to it is not worth the time it took to download the page and you should stay away.

Trading forex can be an ultimately rewarding experience, but you must learn the ins and outs first. There is a lot of risk involved and this most definitely outweighs the returns for those who jump the gun and start trading without being fully prepared. Take the time to work on your education - it’s the most important aspect of forex trading.  Knowledge is power, and that power will enable you to make logical decisions and continue trading long past the time when a lot of players have gone bust.

Written by Jason Hoe, content contributor at MFXC | @myforexchart