How to Get Good Forex Training
If you're a beginner in the forex market, the most important thing to look for is good forex training so you can get started. Many online companies try to capitalize on that need by selling expensive forex trading courses or forex trading books, when in fact there are many forex trading books available for free and forex trading courses online are usually provided by trading platforms anyway. Forex academy accreditation isn't worth much at the end of the day if you don't know how to trade. At eToro we provide you with many valuable learning resources for your forex education. We'll now take a look at some of them and suggest how to use them to make an easy start in the forex market.
The eToro Trading Course
eToro, the number 1 forex platform online, offers all new traders a custom made trading course that is designed to take you through basic forex strategy for beginners and onto advanced currency trading. Since our motto at eToro is "forex made easy", our course uses the same simple and visual approach as the rest of our tools. Unlike some other forex courses out there, this isn't a forex for dummies course. The course is divided into ten lessons, or seminars, each of which is designed to give you profound knowledge on a specific topic which range from forex market history to how to measure currency devaluations. By the end of the training course you'll come out with a superb grasp on the workings of the foreign exchange market and all the right tools to become a successful trader.
The eToro Forex Trading Guide
Is it difficult to learn forex? With eToro nothing is difficult, so instead of shopping for forex trading books online, check out the free eToro forex trading guide. The guide is an easy to read manual for the beginner forex trader, and talks about basic forex concepts such as the daily trading volumes of the market, how to calculate your investment to leverage ratio, and how foreign currency trades work. This guide does not contain secrets on how to make money by trading forex, but it does give you the foundation to build on. To learn even more basic terms such as pips and spreads we suggest you see the eToro glossary available on our website. Also on the website you will find video tutorials and an eToro platform guide.
Our forums are a great place to find answers to any outstanding question you may still have. Our traders are more than happy to share their strategies, knowhow and tips. More than that, our traders will teach you the things you can't learn in any forex course such as how to recognize scams, where to find the most reliable pip converter or currency calculator, how to use a personal forex log book and how much they recommend to invest in any particular currency. Once you've gained some experience with eToro, you too can start contributing to the forex training of a new generation of traders at the eToro forums.