Unlike traditional types of business skills, trading is not taught in colleges.  Sure, you can find plenty on finance, economics and even learn all about how the actual hardware that runs the most sophisticated electronic exchanges from traditional universities.  One course curriculum you will not find is trading in its purest form.  It is well beyond the scope of this article to get into why that is, but what I do want to cover today is what actually are the options if you want to learn about forex trading and become a proficient trader.  Keep in mind the list below is not exhaustive but instead cover the basic avenues by which someone could learn about forex training.

41By Landing a Job With A Company That Does Trading:

This is certainly the most “traditional” approach to learning forex training.  Obviously, jobs with well-respected institutions where you could receive such real-world experience guided by people that trade huge amounts of money is no small task to get in the first place.

The market even for entry-level jobs is competitive and almost invariably require a degree. Most may require a post-graduate degree (and it helps if it comes from a very well-respected university). In addition, companies will look for someone with the personality to land the job.  However, this way forward in forex training is arguably the best. This is because you would be dealing with the real “market makers” like banks and professional institutions from the inside. You would be surrounded by traders with vast knowledge end experience.  However, this is admittedly the most difficult path to take.

Self-Teaching and Research:

This method relies on your ability to read lots of materials from a whole host of sources both online and in print about the business.  Having a strong knowledge about economics and finance is a big help for locating the important information.  However, many home-based traders are indeed self-taught.  This is a very time-consuming process: much of the labor spent will likely lead to materials and information that aren’t necessarily going to help you in the trading sphere.  There are thousands of publications out there claiming to be able to teach you how to trade. It’s just common sense that a fair portion of them won’t deliver as promised.

With this method you are sacrificing time to save money and relying on your ability to navigate an entire and difficult profession on your own wits and intelligence.  You will also be spending lots of time in forums asking questions. You never really know who is great at trading until you have seen them in action for a while. Public forums are full of “pretenders” who talk like they are making profitable trades, but in reality aren’t even trading at all.

Trial and Error:

This method means opening a demo or live trading account, taking trades and see what works or doesn’t work.  I have personally never seen anyone succeed in forex training by this method alone. But at some point this will be part of most trader’s experience on the path to trading successfully.

Online Educational Services:

This is probably the most reasonable on the entire list in terms of both cost and time. However it can be expensive and time consuming depending on exactly who and where you are getting your online education from.  The best way to go about this is to “shop around”. There are plenty of ratings services available on the internet that show how good the educational service really is.

Just be careful to get multiple opinions from ratings services, because sometimes the ratings service only exists to highlight their specific “sponsored” educators. Finding a great online environment for forex training can really get you moving in the right direction quickly.  Having online mentors who are real traders and a good community of other traders within such a service is invaluable.

The Truth About Forex Training

When it comes down to it, there are many different avenues one can take to learn about forex trading.  You could try working for a big firm that trades. Or you could open an account and trying your luck (and the operative word there is “luck”).  In the end though, my experience has been that the fastest and best way to get forex training is to use a reputable, honest online educational service and lots of hard work and dedication to the education itself.

If you would like to learn how to trade like a professional check out our 5* rated forex mentor program by clicking on the “Get Started” Button below