If you’re looking to get started in forex trading, an online forex trading course is a great way to introduce yourself to the market while avoiding costly beginner’s mistakes.
As the world becomes more and more interconnected and countries begin to rely on imports and exports to keep their economies functioning, forex trading has risen up as a popular alternative to stock trading. Forex traders enjoy the freer schedule that comes along with the decentralized currency market, which forgoes the traditional 9-to-5 schedule on which Wall Street operates.
An online course is a great place to start. But which forex courses are worth your time and money? We’ve reviewed some of our favorite online forex courses as well as some tips to help you separate the legit instructors from the scammers.
Characteristics of a Great Forex Course
Though most online forex courses will come along with their own unique teaching method, language choice, or “gimmick” to attract their target market, valuable and educational courses all share these three common characteristics:
1. The instructor keeps the material fun and engaging
Holding a student’s interest is much more difficult for an online instructor to do than an in-person instructor, as online courses must compete for a limited pool of attention with everything from television screens to children running around.
The best online courses use live demonstrations, video recordings, graphs, and other supplemental materials to break up massive walls of text and keep the students engaged.
2. The course is mechanically fully functional
Unlike a textbook, which allows you to flip to the material you need and dive in, online course material requires the instructor to possess a certain level of technical proficiency.
The best online forex courses keep the material up to date and fresh by ensuring that all links work and video clips play without excessive loading times or constant buffering.
Bonus points can be awarded to the courses that format materials for mobile or offer separate downloads aimed at on-the-go learners.
3. The course material is professionally presented
You can tell how much an instructor cares about his or her material by how professional its presentation is.
Keep an eye out for spelling errors, text that’s in an unusual or unreadable font, poor design choices, and material that seems to proceed in an illogical order, as these are all signs that the instructor has not thoroughly proofread his or her material.
If the instructor can’t be bothered to care about the course’s content, how can he or she expect his or her students to?