Forex courses provide a valuable learning opportunity for novice traders: participants gain a strong knowledge base of Forex fundamentals, they receive support and mentoring from professional Forex educators, and they’re provided with an opportunity to meet like-minded individuals embarking on currency trading careers.
If you’re considering a Forex course, you’re likely wondering:
- What exactly will I learn by attending a workshop?
- How will it benefit my trading?
The fundamentals that you learn during a workshop – like risk management and Forex trading strategies – are designed to set you up for success in the high-risk, high-reward Forex industry.
Here are just three of the fundamentals you learn that can benefit you throughout your entire trading career:
- Trading Strategy
Traders use strategies to enter and exit trades; they are also critical for winning trades consistently. A well-designed strategy will:
- Provide you with clear indicators of a breakout trend
- Offer specific rules for entering and exiting trades, and
- Protect the trader against trend reversals
Forex courses often provide traders with off-the-shelf strategies that can be put to use in live-trading situations. However, during Learn to Trade’s Learn Forex course, students work with four proven trading strategies designed by our team of professional traders.
- 180 Profit Booster – Powerful Strategy based on advanced price action
- Income Wave – Cutting edge trend based trading system
- Inter Bank Radar – Institutional strategy that identifies trades with no trend filter
- Money Market Breakout – Professional intra-day high probability system
This means that upon course completion, students leave with a real understanding of how these strategies, among others, can be used to consistently win trades.
- Risk Management
Risk management can have a significant impact on your trading career. When applied properly, traders will refer to it every day to limit their exposure and ensure they risk only a small percentage of their account balances. Without an in-depth understanding of risk management, novice traders risk over-leveraging their trades and wiping out chunks of their accounts.
After taking our Learn Forex course, students leave as risk management experts with a firm grasp on what risk management is, how it is calculated, and how each trade should be properly leveraged to minimise exposure – just for starters, our students learn to minimise risk to 2% on each trade!
- Trading Technology
Forex trading takes place 24 hours each day, and it’s driven by technology – anyone with access to the Internet and trading software can make money in Forex.
During our Learn Forex course, participants often have the chance to work hands-on with Forex technology and learn how to automate trades, enter and exit trades, and how to analyse price movements using Forex software.
If you liked this article, you may also enjoy reading: 5 Benefits of Learning Forex Trading Face to Face