Trading Courses for Beginners
Forex trading can be challenging, especially if you are new to trading. There are many trading courses available, finding the best trading course may be more challenging.
Online forex trading courses, free and paid are very convenient and most are easy to use. The majority of the available forex courses are prewritten or recorded presentations. You may find useful information on technical trading strategies, risk management, indicators, Fibonacci, price action and more.
Some provide live webinars such as cash forex group (CFX) for example. One the more popular forex trading courses and seminars as well as stocks and forex are provided by online trading academy. Online trading academy claims on its website that it has served well over 60,000 students across the globe that were interested in trading and investing.
Online Trading Academy (OTA) trading courses may exceed $7,000. It is also worth mentioning that the FTC filed a lawsuit against OTA, which ended in a settlement in 2020.
Forex Trading Course
Learning how to trade forex via trading courses may not necessarily reflect in steady or significant income. They do however provide some understanding on the market and trading strategies that are used by many. Attending an online class is easily accessible, any questions or queries receive immediate answers.
Having a direct access to a known forex trader or mentor may have greater benefits than learning online and struggling to find answers to your questions. As opposed to programming an algorithm for trading where technical (coding) knowledge is required, trading psychology may not be easily implemented in trading courses.
If you are a student, in college or if you are simply interested in investing or trading, courses may provide you with basic foundations to the financial world. It is possible to learn to trade on your own, read books, study the market and experiment with different trading strategies. Demo trading will also help you in understanding how to use the trading platform.
It is important to note that most brokers simply provide the trading platform and not all will take the time to assist you in understanding the markets and the current sentiment. A forex trading course may guide you through the key elements you must be aware of.
Trading Courses Benefits
Trading courses for stocks, forex and even cryptocurrencies may provide you with the following:
How the Capital Markets Work
For beginners, an introduction to the financial markets is provided. You will learn what are the financial markets, what is driving a price higher or lower, how the trading platforms connect you to the market and more.
It is important to know the market you are planning to trade in rather than nose-diving into the financial waters.
What happens when you buy or sell, how to execute orders and the order types that may be used to limit your risk. Leverage is one of the key features that have a large impact on any losses you make in the market.
Some of the above orders are buy/sell stop, sell limit/stop, stop loss, take profit, Once-Cancels-the-Other (OCO) and more. Familiarizing yourself with the available execution orders is the right step forward.
Traders that have less time to spend on trading, swing, medium and long-term trading strategies may be the most appropriate. You place your trades and keep them open from anywhere to several days to several months.
The trades will have to be monitored once a day or once a week (depending on the strategy). Technical analysis via the graph is the most popular method. Some use technical/custom indicators to provide the entry, when to buy and sell.
Fundamental analysis, which is far more demanding may also be used. Rather than using the graph, forex traders follow key economic indicators such as employment figures or manufacturing data. With stocks, the company’s reports must be monitored as well as any outside market events such a s lawsuits, patents etc.
Techniques to manage your risk such as risk reward ratio (RR). Trading or investing without some risk management is unwise. There are many different ways to manage risk, trading courses may not cover all of them but again you will have a fairly decent start.
The Best Trading Course
A trading course, especially in currencies, stocks, futures or options may not necessarily reflect in profits, it is important to know this when you are learning how to trade or invest. The best trading course is something individual. Best valued courses may somehow be assessed but even then it may not appeal to all.
What if there is an alternative approach to traditional online courses?
We have been providing trade alerts in the leading markets for more than 7 years. As opposed to a standard signal provider, aside the signal itself the trading strategy is provided.
When the trading strategy is presented, our less experienced members learn how we analyze the market. We use Japanese candlesticks for almost all of our trades. We highlight the reversal patterns we use, support and resistance levels, oversold/overbought levels and more.
‘Learning-on-the-go’ may provide you with trading experience and a better understanding what must be considered when initiating a trade. New forex traders with a trading account may execute small trades such as 0.01 lots or 1,000 units as part of the learning process for example.
Trade with any forex broker of your choice. Trading212, e-trade, kot4x or XM, DDMarkets gives you the freedom to trade where you want and comfortable with.Learn different trading strategies as you trade
See how risk management is conducted in terms of risk reward and size of stops
Price action, reversal/continuation patterns, indicators and more
Trade alerts in real time
Easy to follow
Understand when to remain or exit a trade
Limited losses if you place 0.01 lots trades
Nothing is automated, you have full control
Trade with any broker of your choice, we don’t decide for you
Proven trading strategies with +7 years track record
Suitable for full and part-time trading
Daily updates to your email, we monitor all open trades
You may use our trades with your own trading
Stops applied to every trade
Our best interest is for you to succeed
Although any losses or profits may be minor it is simply a live learning process. DDMarkets do their best to be available to all members via email for any queries regarding our open trades and even the market in general some times. We do not charge thousands of dollars/euros, our track record has all of our trades including profits and losses.
Swing trading has been suggested by many websites for beginners and experienced traders. Swing trading, in short, is holding onto the trade for several days, sometimes weeks. There is little need in constantly monitoring the open trades. You are also unlikely to be suffering from poor liquidity, which is often seen in scalping.
Forex trades with ddmarkets may expand your understanding with the decisions you have to make, alternate between strategies and which currency pairs to avoid. In certain days or months some currencies may be more attractive to trade than others.
Trade and Learn with Confidence
Experienced traders may not require a trading course as they are already trading for a living or part-time. The trade alerts provided by ddmarkets may be an addition to your current trading.
The number of open trades at any given will not exceed 5 open positions unless the stop is at or above the entry price. In addition, the total exposure of the total open trades will not exceed 500 pips.
Our trading strategies have been tested and consistent from 2014 – 2021. Whether you are in the US, UK, India, Brazil or even Singapore, anyone can join ddmarkets and follow our trade setups.
Using a robot for forex trading in addition to the trade alerts is fully compatible due to the restricted number of open trades that is predetermined by ddmarkets. The trading plans range from 14 days to 6 months, learn more.