The FOREX market is by far the most profitable opportunity for anyone who can pass the skill level test necessary to participate and dominate the trading arena.
Hundreds of new traders flock to the industry every week - many looking for major gains and many finding them.
However, the main issue for these new traders is actually getting through that skill level filter, so in this article, we’re going to illustrate what you need to pay attention to so you can blast through it in no time!
Things You Should Look For In Training Courses
1. How To Read Charts and Indicators
Technical analysis is one of the main pillars of many profitable Forex trading strategies, and particularly those looking for shorter-term investments strategies will benefit from this developing skill set.
Any good training course for FOREX will teach you how to properly read the main types of charts, not only candlesticks, but also bars, Renko, and others. Reading the chart also includes understanding trends and price action as their own indicators.
Anyone looking to trade for a living must have a grasp on indicators, at least to a point where they can choose their own setup and be comfortable using them.
2. How To Analyze The News
Long-term investment is all about watching the circumstances regarding the world economies and taking positions on such information.
Any course worth taking must make you able to identify the direction of a currency pair judging world events. You need to be able to tell if interest rate changes mean a currency will rise or fall, or if regulations are good or bad for a particular market.
Another aspect you should consider is whether the course you’re taking is certified by any regulators like the SEC or the FCA.
It cannot necessarily guarantee that the training you’re receiving is legitimate but can grant you recognition among your peers as you would be certified as a trader.
4. Interactivity and Support
Traders need constant tutoring and support as they start taking their first steps on the actual markets. Remember that you’re risking your money, so you should make sure you can get help whenever you need it. The last thing you need is to be left alone after your first losing streak or failure in your platforms.
Not only that, but it could be valuable to look for a trading course that has an open community that can answer any questions you may have later!
5. Learning Material and Tools
Signals, eBooks, video tutorials, blogs, and any other sources of information about Forex trading are of huge help for anyone starting out.
Specifically, trading signals can make a crucial difference when you feel uncomfortable or unsure about a particular trade as they can clearly tell you when to buy, when to sell, or when to close your position before losing more money!
6. Reputation and Quality
Check reviews and talk to the community; the last thing you need is to try learning with a scammer!
Your best bet is choosing a training platform that can grant you everything you need in one place, with a pristine reputation. FX Trading Revolution is a great example of that, as we offer not only a lot of educational articles, but we also give you news, forex indicators and much more, all 100% for free!