The 8 Best Online Forex Trading Courses of 2024

If you are thinking of getting involved in forex trading, taking an online course is a great place to start.

Whilst independent research is valuable, an online course allows you to gain a comprehensive introduction to the forex market whilst avoiding some of the costly mistakes beginner traders make.

Forex trading is particularly fast-paced and risky, so it is especially important to have a solid base knowledge before trading with your hard-earned cash.

In forex, traders make money through currency fluctuations. It is crucial to have an operational knowledge of investment strategies and predicting currency trends, as well as a logistical knowledge of brokers and trading platforms, spreads, transaction costs and leverage.

Understanding the risks involved and how to set up a forex risk management strategy – including stop-losses – is also integral to forex success over the long-term.

As an extremely volatile market, without adequate knowledge or training, it is easy to make large losses in forex very quickly.

Online forex courses are delivered in different ways, some as MOOC style courses, some with smaller cohorts and some with accompanying mentorship options.

The content may be wide-ranging to give a general introduction or tailored to focus on a particular technical aspect of forex trading. Prices vary, as does value for money.

It can be difficult to know where to start when looking for a course, particularly if you are very new to the subject area. This article will give a run-through of the 12 best online forex trading courses but here our our top picks to get you started:

1. Best for beginner to advanced traders: Asia Forex Mentor
2. Best for comprehensiveness: Thomas Kralow
3. Best for self-paced video format: Shifting Shares
4. Best for free educational resources: AvaTrade
5. Best for video content: UC Trading
6. Best for live streams: ForexSignals.com – Trading Room
7. Best for watching live trades: Bulls on Wall Street
8. Best for free and paid-for courses: How to Trade

Comparison Chart of the Best Online Forex Trading Courses for October 2024

Description of the Best Online Forex Trading Courses for October 2024

To help with your research, below is our list of the 13 best forex trading courses.

Whilst being the product of extensive research, it is recommended that you supplement this guidance with your own research to help you find the best course for your circumstances.

Best for: Beginner to Advanced traders
Price: $997

Ezekiel Chew, the founder of Asia Forex Mentor, stands out in the financial training world. He's not only a seasoned expert in finance, often invited to major financial events for his insights, but also a mentor whose guidance is in high demand among retail traders.

What sets Ezekiel apart is his commitment to contributing to the community. He's not just any trader; his own trades frequently yield six-figure profits. Additionally, Ezekiel plays a crucial role in training professionals working in banks, fund management companies, and proprietary trading firms.

His acclaimed One Core Program is not limited to forex trading. It extends to stocks, commodities, cryptocurrencies, and more, emphasizing the importance of trade selection. Ezekiel believes that having a variety of trading options leads to identifying the best possible trades.

The One Core Program is comprehensive, encompassing unique chart reading techniques that merge price action with other methods. It includes 16 high win-rate strategies adaptable to various market movements, the well-known "Road to Millions" formula that has helped many new traders transition to full-time trading, and insights into the business side of trading, including trade management and a proprietary point calculation system.

Given its breadth and depth, it's no surprise that the One Core Program is regarded as one of the top trading courses available.

Best for: Comprehensiveness
Price: Assisted plus program complete course – $19,980 upfront/$6,125 for four months; shortened course – $18,880 upfront/$5,845 a month for four months.

Thomas Kralow's forex courses are renowned for their comprehensiveness and variety. Prospective students can opt for a basic, standard or shortened program, each tailored to different learning styles and levels of expertise.

Thomas Kralow, a celebrated financial market expert with over 1 million followers, is widely recognized for his knowledge in the field. His insights are featured in major financial publications like Yahoo Finance, Forbes and Business Insider. The quality of his courses is further endorsed by mentions in Nasdaq, Daily Express and Bloomberg.

Course Formats:

• Basic Program: Ideal for beginners, featuring 20 lessons over 21 days.
• Standard Program: Offers a more in-depth approach with 202 lessons divided into 16 sections.
• Shortened Program: Similar to the standard but omits beginner tutorials, suitable for those with prior knowledge.

Pricing:

• Varies based on the chosen course and learning style.
• Assisted and Assisted Plus options are available at higher costs, providing more personalized guidance and mentorship.
• Payment can be made upfront or in monthly installments, with discounts for upfront payments.

Learning Styles:

• Standard Learning: Encourages student interaction and offers 24/7 customer support.
• Assisted Learning: Combines independent study with expert guidance, including 30 days of post-graduation support.
• Assisted Plus: Offers extensive mentorship from Thomas Kralow and a range of advisors, focusing on a more personalized learning experience.

Special Features:

• Recognized diplomas for course completions.
• 20% discount on courses using specific affiliate links.
• No free learning solutions, but webinars and additional resources are available.

Best for: Video content

UC Trading Mentoring offers a specialized futures trading mentorship, distinct from many other programs due to its focus on pop trading knowledge and professional trading techniques.

The program employs a variety of tools such as volume profile, market profile, and order flow tools like the footprint chart. To enhance the learning experience, the program includes diverse resources such as a workbook, access to a Discord server, instructional videos, webinars, and personalized 1:1 coaching sessions.

Guided by an expert with over a decade of experience in the financial markets, formerly a private banker, this mentorship covers several key areas:

• Mastery of proprietary trading knowledge
• Strategies for profitable order flow
• Skills in market analysis
• Creation of a personalized trading plan
• Individualized coaching sessions

The mentorship is structured into three distinct phases for a comprehensive learning journey towards becoming a proficient day trader.

In Phase 1, the focus is on grasping the fundamentals of futures markets and day trading concepts, utilizing the workbook and its exercises.

Phase 2 transitions from theory to practice. Through the Discord server, participants engage with a wealth of educational content, including example analyses and trades. This phase also offers a platform for asking questions, getting personalized support, sharing trades for feedback, and accessing additional resources like videos and webinars.

The final phase, Phase 3, marks the transition to independent trading. At this stage, participants apply their theoretical and practical knowledge to real trading scenarios. Continued trade reviews and close mentor collaboration help in developing a tailored trading plan. The phase is rounded off with one-on-one sessions to solidify the path towards becoming a successful, consistently profitable day trader.

Best for: Free educational resources

AvaTrade offers a comprehensive library of forex trading courses designed to cater to traders of all experience levels, from absolute beginners to seasoned professionals.

These courses cover a wide range of topics, from the fundamental principles of forex trading to advanced strategies and techniques.

Here's a breakdown of the different forex trading courses offered by AvaTrade:

Beginner Courses:

• Forex Fundamentals: This course introduces you to the basics of forex trading, including the structure of the forex market, currency pairs, pips, and spreads.
• Technical Analysis for Beginners: This course teaches you how to use technical indicators, chart patterns, and other technical analysis tools to identify potential trading opportunities.
• Fundamental Analysis for Beginners: This course explains how to use fundamental analysis to assess the economic health of countries and make informed trading decisions.

Intermediate Courses:

• Forex Trading Strategies: This course explores various forex trading strategies, such as trend trading, range trading, and breakout trading.
• Risk Management for Forex Traders: This course emphasizes the importance of risk management and teaches you how to implement effective risk management strategies to protect your trading capital.
• Psychology of Forex Trading: This course delves into the psychological aspects of forex trading and helps you develop the mental discipline and emotional control needed for successful trading.

Advanced Courses:

• Advanced Technical Analysis: This course takes your technical analysis skills to the next level, covering advanced indicators, complex chart patterns, and Elliott Wave Theory.
• Advanced Fundamental Analysis: This course delves deeper into fundamental analysis, teaching you how to analyze economic data, identify trends, and forecast currency movements.
• Algorithmic Trading for Forex: This course introduces you to the world of algorithmic trading, where you'll learn how to develop and implement automated trading strategies.

In addition to these structured courses, AvaTrade also offers a variety of other forex trading resources, including:

• Demo Trading Account: Practice trading with virtual funds to gain experience without risking real money.
• Trading Videos and Articles: Access a vast library of educational content to enhance your forex knowledge.
• Webinars and Seminars: Participate in live sessions led by experienced traders to gain insights and strategies.
• Glossary of Forex Terms: Find clear definitions of key forex terms and concepts.
• Daily Market Analysis: Stay up-to-date with market trends and expert insights.

AvaTrade's forex trading courses are a valuable resource for traders of all levels, providing a comprehensive and structured approach to learning the intricacies of forex trading.

Whether you're a complete novice or a seasoned trader seeking to refine your skills, AvaTrade's educational offerings can equip you with the knowledge and strategies to succeed in the dynamic world of forex trading.

Best for: Self-paced video format

Shifting Shares is a website that provides education and resources for forex traders. It offers a variety of courses, tutorials and articles on forex trading, as well as a demo trading account.

Here are some of the things you can learn about forex trading on Shifting Shares:

• The basics of forex trading
• Forex trading strategies
• Technical analysis
• Fundamental analysis
• Risk management

Shifting Shares is a valuable resource for forex traders of all levels of experience. The website offers a wealth of information and resources to help you learn about forex trading and make informed trading decisions.

Best for: Live Streams, Strategies and Pro Mentorship

ForexSignals.com is one of the oldest and most well-known trading education platforms out there.

A serious contender for those searching for a reputable place to learn about forex trading; and its thousands of 5-star reviews confirm this.

Inside its easy-to-use Trading Room, you'll find three professional trading mentors with over 50 years of experience teaching traders of all levels how to read, understand and trade the financial markets.

Membership to the Trading Room starts at just $47 per month and you'll get access to:

• 5 daily live streams with real-time market commentary
• 1 on 1s with professional trading mentors
• Strategies for you to learn and apply
• Trading tools and EA packages
• Daily trade ideas and analysis
• 350+ hours of educational video lessons
• 24/7 live chat with fellow traders

It's easy to see why 83,000 use ForexSignals.com as the go-to place for education and real-time market opportunities.

Best for: Watching live trades

Bulls on Wall Street was conceived as a community to improve ongoing education for traders back in 2008.

Designed to leverage the innovations in social media to make sharing best practices and new strategies easier, it is a popular destination for beginner traders as well as those who have some experience and want to learn new things.

Although the courses might be considered quite pricey, payment plans are available on almost every course, and there are some Swing Trading courses you can buy on-demand if there are specific topics like options or retirement trading that you want to learn about.

The 60 Day Trading Bootcamp was established in 2012 as a full coverage trading program, teaching everything that you will need to become a sophisticated and successful trader.

This course is a combination of homework, seminars, and videos on everything from the basics of trading instruments to strategizing, reading the market, and making decisions based on trends and market sentiment.

As with other courses offered by the Bulls on Wall Street team, the amount you pay for the course also offers you access to the community where you can continue to learn from more experienced traders – including the founders.

Other courses include a free beginner’s course that comes with a trading kit you can get by signing up to the email mailing list, and there are courses specifically designed for swing traders and day traders.

One of the newest offerings includes a Crypto Day and Swing Trading course, with content that focuses on diverse ways to trade digital currencies.

There are more than 100 lessons included, taking you from complete beginner to confident trader and giving you access to the crypto trading room too.

Best for: Free and paid-for courses

Providing a trading education that is designed to take you from the basics through to the advanced strategy, How to Trade has a wealth of world-class educational resources.

There are more than 50 free trading lessons, designed by globally recognised mentors, and when you complete them, you will receive a certificate.

You can expect the free courses to include both forex and stocks education – from a basic introduction through to charts, technical analysis, indicators, risk management and psychology.

Alongside the free courses, there is premium content that comes with membership of the Trading Room.

There are three different membership levels, with increasing benefits as the price goes up.

Every level includes access to the Trading Room, all the premium content in the modular video academy, daily live trading sessions, trade sentiment analysis, weekly hot pick analysis, real time global news stream, live interactive workshops and access to pro trader tools.

The different pricing structures are as follows:

• The Apprentice – £77 per month, billed monthly. Includes one month access to the Trading Room.
• The Committed – £39 per month, billed six monthly. Includes six months access to the Trading Room. This also includes exclusive brokerage access and one-on-one with a mentor.
• The Professional – £36 per month, billed annually. Includes a year’s access to the Trading Room, all the features of the Apprentice and Committed subscription, but also a direct line to the mentors, the Trend Surfing Expert Advisor, and a license key to Forex Tester 5.

What to Look for in a Good Forex Trading Course

There are a wide variety of online courses available so it is important to review each offering carefully against certain criteria before deciding to invest your time and money.

Below are some of the main aspects to consider:

How Does the Course Deliver the Learning?

We all learn best in different ways, whether this is visually, aurally, through practical experience or with a more theoretical approach.

Some forex courses will deliver content via video and practical demonstrations, some through written explanations or a mixture of practical and theoretical tasks to work through.

Some may also have social/support platforms where students can learn from each other.

The online educational tools on offer will vary according to the course provider. Look for a course which appeals to your learning style.

An engaging course which delivers content in innovative ways will help to keep the learning experience enjoyable and hold your attention.

Who Is Teaching the Course?

If you are investing in an online course, you’ll want to know that it’s being delivered by a reputable provider and taught by an experienced forex trader with demonstrable success in the forex market.

Credentials are key and should be carefully checked, as should the reliability and quality of the content they are delivering.

Before signing up to any course, ensure the offering is legitimate.

Cross-checking reviews from a variety of websites is a good way to confirm the veracity and quality of a course.

The aesthetics of a course website are often an indicator of the professionalism of the offering – spelling and grammar mistakes, odd formatting, illogical structuring or poor design are all red flags – but it is worth doing some background research on the provider and tutor to ensure you are placing your money and learning experience in reliable hands.

What Content Is Included?

Check the content being offered carefully to see if it suits your needs.

Some courses are tailored to complete beginners, whilst others assume an existing level of forex knowledge.

It is sensible to conduct your research with an idea of the topics you would like to cover, then you can sense-check the course content against your expectations for a forex course.

You might want to focus on strengthening a particular aspect of your trading; if so, look for a course with tailored content.

Another important aspect to check is that the course is up to date. Content should be refreshed regularly to capture new developments and learning.

It is also worth seeing if the content is downloadable so you can learn on the move. If needs be, check that the course materials are optimised for and will open on mobile devices.

The best courses will provide a channel for you to ask questions before purchase. Make sure you ask any questions you have upfront to ensure you are signing up for the experience you expect and investing wisely in your forex future.

What Is the Support Package Like?

The best online courses create a reciprocal and active learning environment.

This is often achieved through chat rooms or support platforms that provide space for students to raise any questions in a safe space. This provides an invaluable opportunity to connect and learn from each other.

Check the access agreement to the course.

The most valuable courses provide access to the course after completion (sometimes lifetime access) so, if you ever need to, you can return and review what you have learned at a later date.

Some courses will also provide access to particular trading simulators or platforms. Look into the access being offered and whether this is in line with your expectations.

The one-on-one time you have with the course tutor will also differ greatly. It is good to know how much of the course will be delivered by the advertised tutor, whether they will be the one marking your tasks/overseeing your progress and how much of an opportunity there will be for interaction and personal feedback.

Frequently Asked Questions

Final Thoughts

An online forex trading course is an excellent starting point for boosting your forex knowledge and improving your trading.

Course content is delivered in easy to follow sections arranged in a logical manner and students benefit from the expertise of professional forex traders and access to live trading demonstrations. This saves both time and money when compared to relying on independent forex research.

From our research into forex courses, the most highly reviewed course providers deliver their material through a membership-style platform. This creates a supportive community, delivering regularly updated content and an evolving learning process that ensures you are supported well beyond the length of the original course offer.

Lifetime access to a course is repeatedly found to be particularly valuable as it means you can return to review the material.

Interaction with the course tutor during the course and follow-on support after completion sets courses apart and helps to ensure trading success over the long-term.

Choosing the right forex trading course for you will be a personal choice based on your own criteria and learning preferences.

It is worth remembering that all paid course websites are trying to sell you their particular course, so researching independent reviews and gaining insight into the experience of previous students is invaluable. It is important to make an informed decision on which course to invest your time and money.

Taking an online trading course should only be the beginning of your forex education. To be successful in the market long-term, you should continue to be an active learner, keeping up to date with economic news and developments that may impact and require a refresh of your trading strategies.

WikiJob does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.