Similarly to mentoring, forex instruction for trading purposes is given on one-on-one situations involving trading calls.
Usually, instruction is given to teach a particular trading method in a simulated trading environment.
Because Internet allows for interactive charts and paper trading on a simulated environment, instruction for forex over the Internet is one of the hottest trends in trading right now.
Moreover, most of the instruction given over the Net is available for customers over the world, with flexible schedules.
Best Forex Instruction Courses
If you’re thinking about getting instruction for trading purposes over the Internet, you should look for providers that give a total trading system to trade forex, including but not limited to, entry and exit rules, money management (handling risk), advice on which currency pairs to trade, etc.
Furthermore, as Internet allows for real-time charts to be used in education, the best foreign exchange instruction courses use these charts. You’ll find real-time charts very beneficial especially if you’re learning forex day-trading.
In addition, some of the best providers have aligned themselves with brokerages, sometimes giving you the possibility to get demo accounts to try out your trading style before starting to trade real money.
Instruction for Forex Providers
To start receiving instruction for FX trading purposes, you need to enroll into one of the professional training firms.
There are many companies providing instruction courses on forex markets. Below are a few samples you might want to take a look at.
Instruction for Forex – Learn4x
Learn4x was founded by Abe Cofnas, with special expertise in currency day trading. The company offers courses customized to each student’s particular needs and interest.
Furthermore, the company has aligned themselves with brokerages, allowing for a trading demo system to be used as a training tool.
The company offers foreign exchange instruction courses in the introductory level and advanced level with more detailed technical analysis trading rules.
Forex Instruction – FX-Strategy
FX-Strategy offers intensive web-based courses with an option for personal coaching sessions. The lessons include technical analysis training, using charting software, and money management techniques.
The full forex instruction package includes trading materials, online presentations, lectures, and assignments. The (optional, for fee) personal coaching is given by Doug Schaff.
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