CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.

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Always trade with you, never against you

EDUCATION CENTRE

24 June 2020

Which Forex courses are the best ?

There are a multitude of courses offering to teach one how to trade Forex. Some of these promise that if one pays to attend their course for a week, one will be a talented trader who will then make millions. Obviously, it isn't that easy as otherwise everyone would do these courses and markets would not exist as everyone would trade in the same direction. That, however, does not take away from the fact that knowledge is power. A good understanding of markets, financial products and charts combined with an awareness of the prevailing economic landscape stands one in very good stead when dealing in the markets.

What type of course is the best for me?

Firstly one needs to decide what financial instruments one is going to trade in a chosen market and then whether a technical or fundamental approach is more desirable. Technical analysis tends to be the most common approach in the Forex market so a course which explains charting and technical analysis will always be worthwhile.

So how do I know which is a proper course?

Financial promotions issued and information provided by authorised brokers are strictly monitored and regulated. This means that you can be comfortable in knowing that anything you read from a broker authorised by the FCA will be true and factual. Many brokers offer free education to their clients and others, like USG UK, also offer a personal account manager who is an experienced individual to help guide & educate clients. Although at many brokers these account managers are not permitted to advise, as in telling clients what to buy or sell, they are able to explain how the platforms, financial instruments and chart strategies work.

Is there any other way I can learn more about Forex trading?

A safe, easy and free way to experience Forex trading is to sign up for a demo account. These provide a truly realistic trading environment to try out ones trading skills and strategies but safe in the knowledge that there is no financial risk.

So, in conclusion; Courses and learning about Forex trading is very much worthwhile before embarking on trading but make sure that the information that is on offer is correct and honest. The surest way to ensure this is to check whether that firm or person that is providing it is regulated. Also take full advantage of the free education, demo accounts and support offered by a personal manager at brokers like USG UK.

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