The best forex trading course includes Asia Forex Mentor and The Forex Trading Coach due to their comprehensive educational materials and ongoing community support.
Have you been looking to sharpen your skills and knowledge in forex trading? With the forex market being one of the largest and most liquid financial markets in the world, it's crucial to have the right education and guidance to succeed.
There are countless forex trading courses available online, but not all of them are created equal. Finding the best forex trading course can be a pain, especially for beginners. It's important to choose a course that is comprehensive, reputable, and taught by experienced professionals.
In this article, Benzinga explores the key factors to consider when choosing a forex trading course. Whether you're a beginner looking to learn the basics or an experienced trader seeking to enhance your skills, finding the right course can make a significant difference in your trading success.
Quick Look: Best Forex Trading Courses
- Best For Most Comprehensive Course: One Core by Asia Forex Mentor
- Best For Ongoing Support: The Forex Trading Coach
- Best For Overall Trading Education: Simpler Trader
- Best For Versatility: Forex 101
- Best For Beginners and Intermediate Traders: Udemy
- Best For Beginners Who Want to Create Their Own Algorithms: Zen Trading Strategies
Best Forex Trading Course Options
Online courses are a great way to learn forex trading. However, which ones are worth your time and effort? We've reviewed some of our favorites as well as some helpful hints to ensure you're not wasting your time and money.
1. Best For Most Comprehensive Course: One Core by Asia Forex Mentor
Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry and he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.
Ezekiel is considered one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies, and prop trading firms.
His highly regarded One Core Program is considered one of the best forex trading courses around. One of the modules that are highly raved is the Road to Millions formula which turned many new traders into full-time traders. It’s a ‘paradigm shift’ Ezekiel says. “Once you get that, you will change the way you look at trading and making money.” The unique part of his teaching method? There are no slides, no screenshots, no fluffs but real strategies and actual scenarios that work in the live market.
Price: $997
Pros
- Comprehensive and in depth training
- 7 day free trial
- Combination of theory and trading platform visualization within videos
- Videos cover all essential components of forex trading
Cons
- Can be pricier than other options
- Lacks content in some trading strategies
2. Best for Ongoing Support: The Forex Trading Coach by Andrew Mitchem
The Forex Trading Coach can fast-track your forex trading and help you whether you’re a beginner or not. Andrew Mitchem, a full-time currency trader, investor, and forex trading coach, developed a system that has makes forex trading profitable.
Ready to learn? You can get there in 90 days. In fact, Mitchem claims that rookies are better traders — you’re more likely to progress (and profit) faster than someone with years of experience!
Price: Varies on bundle
Pros
- Videos on risk elimination and “Reward: Risk” strategy
- Personalized trading method
- Help developing your trading identity
- Training in a demo account
- You'll learn how to quickly transform trading into a proper business
Cons
- Webinar timings vary and may be not favorable to all global participants
- Price may be high for beginners
3. Best For Overall Trading Education: Simpler Trading
Raghee Horner loves trading the $5 TRILLION Forex market because there’s always a bull market somewhere. And with good reason. Over 3 decades ago Raghee cracked the code for finding the strongest trends. In fact, she’s never had a losing year in her entire career.
How does she consistently catch the strongest trends? With her step-by-step trend following formula and her proprietary tools. They allow her to get in during the earliest stages and extract extraordinary gains like: 165 pips in the AUDUSD ($1,650 per contract), 1000 pips in the AUDJPY ($9,200 per contract), and 284 pips in the EURUSD ($2,840 per contract).
Consistent results like that are almost unheard of. And that’s why Raghee decided to distill her system into a self-paced online training called Forex 101. Now even beginners can discover how to take advantage of these strong trends.
Price: Limited Time Offer
Pros
- Intuitive app for mobile devices
- An array of courses and tools
- One week trial period available
- Numerous membership fee structures
- Suitable for beginner and advanced traders
Cons
- Has some negative reviews from users
- Selecting the best membership or course can be confusing
4. Best For Versatility: Forex 101
Forex 101 from Benzinga courses is the most versatile, comprehensive forex trading platform on the market. Whether you’re just beginning to learn about forex trading or know a little bit about it already, Benzinga’s forex trading course can help you learn everything you need to know, from forex pairs, pips and points (the basics) to Fibonacci retracement. What’s a forex course without trade examples? Benzinga’s forex course offers AUD/USD sell trades and everything else in between — short selling, support and resistance levels, forex chart patterns and indicators. Don’t miss out on Benzinga’s forex trading course at a low price for a limited time.
Price: On Sale
Pros
- 9 hours of on demand video
- Engaging instructors
- Full lifetime access to the course
- Suitable for beginners and advanced traders
- Real world trade examples
Cons
- Lack of user testimonials
- The course is more beginner-focused
5. Best For Beginners and Intermediate Traders Who Want a Solid Foundation: Udemy
When you want to learn how to trade forex effectively, you can study with Udemy. Udemy is a platform that allows you to study almost anything you like, and there are courses intended just for forex traders.
Start from the beginning so that you can learn how foreign currencies work, how to monitor the markets, which currencies to buy, how to turn a profit and how to invest for the future.
The course you choose should also provide you with free materials that you can use at any time. When you have access to various study materials, you can reference them in the future. Additionally, you may want to try a course that has a forum or accessible instructor. Sometimes, discussing your forex investments in real time is easier than reviewing a syllabus or lecture.
Price: Varies
Pros
- Numerous course options
- Cost-effective
- Easy to use
- Suitable for beginner to intermediate traders
- Hands on exercises
Cons
- Not as comprehensive as other options
- No ongoing community support
6. Best For Beginners Who Want to Create Their Own Algorithms: Zen Trading Strategies
The Zen Trading Strategies Masters Course in Automated Algorithmic Trading provides you with the exact processes, methods, beliefs, tools, and automation to create the opportunity for financial and lifestyle freedom. You don’t need any programming knowledge to start.
Zen Trading believes the course will pay for itself exponentially. It shares some of the knowledge applied by some of the most successful traders of all time.
The course outlines how one trader took a $5,000 investment and turned it into more than $10 million. You’ll learn how to create your own profitable algorithms with its plug-and-play tools, and you can see your trades directly on the Tradingview chart.
The course will show you how to backtest any trading idea and automated every detail of the process. You will be able to automate your trading the same day.
As an extra special bonus, Zen Trading created an exclusive Masters Course In Automated Algorithmic Trading Telegram group for all of the traders in this program, so you’ll get support throughout your trading journey.
Price: $597.00
Pros
- Learning automated trades
- Community support
- Easy to understand for beginners
- Customizable trading scripts to use in any financial market
Cons
- Subscription fees for advanced features
- May require a steep learning curve for beginners
How to Choose the Best Forex Trading Course
Most online forex courses will offer their own unique way of presenting lessons, language choices, or “gimmicks.” However, no matter which one you choose, it’s important to remember that they just want to attract their targeted audience. Every professional forex trader course is different.
If you need a forex trading course for beginners, there should be valuable tools that help you invest with confidence now and down the line. The best forex courses all share these three common characteristics:
The instructor Keeps the Material Fun and Engaging
A forex trading course isn’t much good to you if you’re bored, disengaged, or confused. Holding a student’s interest is much more difficult for an online instructor to do than an in-person instructor, as online courses must compete for a limited pool of attention with everything from television screens to children running around.
The best online courses use live demonstrations, video recordings, graphs, and other supplemental materials to break up massive walls of text and keep the students engaged. Read through forex trading course reviews to learn what students thought of the content. Because everyone is trying to make money and change their life, you will find very honest opinions in the review section.
The Course is Mechanically Fully Functional
Unlike a textbook, which allows you to flip to the material you need and dive in, online course material requires the instructor to possess a certain level of technical proficiency. No one can teach fx if they don’t have a quality interface, videos, charts, etc. This is especially true when learning forex for beginners—any courses with gaps in the information or presentation could serve to confuse or mislead you.
The best online forex courses keep the material up to date and fresh by ensuring that all links work and video clips play without excessive loading times or constant buffering.
Bonus points can be awarded to the courses that format materials for mobile or offer separate downloads aimed at on-the-go learners.
The Course Appeals to all Types of Learners
A quality forex course appeals to all types of learners and learning styles. A strict lecture or webinar works best for aural learners. Videos and slideshows appeal to visual learners, and trading simulators allow kinesthetic learners to thrive.
A quality teacher knows how to use all learning styles in a single lecture, weaving instruction from one learning style to the next. Because nobody uses just one learning style, you want to know that the instructor is skilled enough to reach you without having ever met you.
Chat rooms and mentorships create a range of learning styles, often providing willing resources after the course concludes. Sometimes, you learn the broad strokes of online forex trading in the course only to supplement your learning in the chat room or through mentorship.
The Course Material is Professionally Presented
You can tell how much an instructor cares about his or her material by how professional its presentation is.
Keep an eye out for spelling errors, text that’s in an unusual or unreadable font, poor design choices, and material that seems to proceed in an illogical order, as these are all signs that the instructor has not thoroughly proofread his or her material. Remember, the best forex traders are not always good teachers. Choose a course and forex mentor with care.
If the instructor can’t be bothered to care about the course’s content, how can he or she expect his or her students to? Whether you pay for online trading classes or access them for free, professional presentation gives you confidence that the information you see and hear is correct and actionable.
Get Educated Through a Forex Broker
Many online forex brokers offer extensive educational resources and tools to help you master the market. Compare top brokers who offer excellent educational resources below:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The products and services available to you at FOREX.com will depend on your location and on which of its regulated entities holds your account
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFD trading is not available to U.S. users. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Investors should keep in mind that 70% of all CFD accounts lose money.
Dive Deep into Your Forex Education Today
Forex traders need to be constantly aware of changes in the markets. More so than any other market, forex trading is dynamic and changing on an hour-to-hour basis. The best forex trading courses don’t just teach you the technicalities of how to operate the platform and choose which currencies are worth investing in—they also offer you information and reliable, unbiased sources for the news you need to understand why the global economy is moving the way it is.
A single corporate decision, new tax policy, or election in any country can affect what your money is worth. Looking to learn more about the forex market before you commit to an online course?
Check out Benzinga’s crash course in forex trading or follow our forex trading breaking news feed to get a grasp on the global economy before you buy.
Frequently Asked Questions
Can I learn forex on my own?
It is possible to learn Forex on your own, but it is still a good idea to get some help from professionals. There are many online sources and forums where you can get advice from experienced traders.
Is it challenging to learn forex trading?
Forex trading for beginners is extremely difficult, it will require time each day to keep up with the latest market trends, new strategy and all the materials that are required. All in all, it’s not something someone can do in a week, it may require months, and sometimes even several years.
How best can I learn forex trading?
The best and most effective way to learn forex trading is by seeking help from reputable sources. You can take courses, read books, join forex communities, and get mentorship from FX professionals.
Get a Forex Pro on Your Side
FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade.
You can also tap into:
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Learn more about FOREX.com’s low pricing and how you can get started trading with FOREX.com.
About Sarah Horvath
Sarah is an expert in the insurance, investing for retirement and cryptocurrency space.