With an estimated worth of $2.409 quadrillion, the forex market is undoubtedly, the largest financial market globally. One factor that makes the forex market lucrative to investors is that it is available 24/7, unlike other markets like equities.
The forex trading industry is fast-paced, which is probably why many retail investors steer clear. Financial institutions take the lion’s share when it comes to forex trading. Undoubtedly, trading currencies is one of the riskier investment ventures. However, traders can make significant profits as long as they have the right tools and strategies.
At the top of the list of must-have tools is the right information. Luckily, there are tons of online resources that you can use to give you a headstart on forex trading.
Well, if you have been in the market for the best online forex trading courses, this article covers all you need. Here are our picks for 12 online courses that you should definitely check out if you want to navigate the forex markets successfully.
This course is available on Coursera as the second of a four-part course, the Practical Guide to Trading Specialization. It is ideal for beginner traders who would like a seamless introduction to the foreign currency market and its participants.
Learners of this course will learn about the major and minor currency pairs used in the market, the different trading products, the types of risks investors face, and margin accounts. The course will also equip them to participate in the foreign currency market.
The course is offered by Interactive Brokers, a popular stock brokerage company. It applies a practical approach, and learners will get a feel of using margins in their trading accounts. Further, the course will use a case study to show learners how to invest in foreign exchanges and enter an overseas trade.
The course’s syllabus is divided into three parts. Here is what you will learn when you enroll:
- Trading Around the World
- Introduction to FX Trading
- Entering an Overseas Trade
Learners take the course at their own pace and earn a certificate upon completion. To better understand the foreign markets, we would recommend completing the other three parts of the Practical Guide. The entire course will make it easier to understand the global capital markets and teach how to trade other financial instruments, such as options, futures, and equities.
Instructor: Jeff Praisman, Lucas Deaver, Mary MacNamara, Steven Levine, Andrew Wilkinson
Duration: 13 hours
User Review: 4.1 rating
One of the most crucial forex trading strategies is technical analysis. Although not many traders will take the time to master the skill, those who do are better positioned to make significant profits in the forex markets.
This online course equips learners with all the essential knowledge they need for technical analysis. The course is offered by the New York Institute of Finance and is available on the edX learning platform. By the end of the program, learners can easily use the trading strategy by itself or as a supplement to fundamental analysis. They will also learn how to use technical theories to develop trading strategies and quantitative analysis to evaluate indicators and patterns besides using trading simulators.
The course offers a practical guide to technical analysis. Learners will study price charts and indicators to forecast price movements and make buy and sell decisions.
Here’s a breakdown of what the syllabus entails.
- Mod01 – Background and Basics
- Mod02 – Why Technical Analysis Works
- Mod03 – Constructing and Interpreting Charts
- Mod04 – Chart Patterns
- Mod05 – Introduction to Technical Indicators
- Mod06 – Testing Technical Indicators
- Mod07 – Relative Strength
- Mod08 – Technical Theories
- Mod09 – Psychology of Trading
When enrolling for this course, learners can choose either the Verified Track or Audit Track. The Audit Track is free but offers limited access to the course material. Learners can only access the first three modules in the syllabus. For unlimited access, learners can sign up for the Verified Track at $199. This option also has the advantage of earning a shareable certificate after completion and graded assignments and exams.
Instructor: Michael Carr
Duration: 6 weeks
User Review: N/A
Price: Free (with an optional upgrade)
The 7-figure Pro Trader is the ideal choice for anyone who would want to advance their trading skills. This course will equip the learners with all they need to become advanced traders by tackling the three significant challenges that new traders encounter.
This course is offered by Springboard Trading Academy on Alison and is entirely self-paced. Users get lifetime access to the course material once they enroll and can start and finish the course whenever they please. Springboard offers a 30-day money-back guarantee for anyone who registers and isn’t satisfied with the class.
The three focus areas in the syllabus are;
The course material will entail the two primary market analysis methods- fundamental and technical analyses. Learners will acquire the proper education material that is proven and time-tested. They will also get to use some of the best trading tools to help implement the theoretical aspects. Finally, the course will help learners understand the different routes they can use to get more capitalization, so they have more money in their trading accounts.
Learners can also opt to purchase the three courses separately. However, the bundle offers a 50+% discount.
Instructor: Thomas Franklin
User Review: N/A
Economics news announcements generate large movements in the financial markets. Therefore, traders need to understand how to make significant returns from these announcements through news-based trading.
The course is available on Udemy and, like the other choices in our list, is self-paced. The course is ideal for traders who are looking for a time-efficient trading strategy. It teaches learners how to leverage live economic news events and make huge profits from them. It also highlights how retail traders can replicate the professional institutions’ strategies, the tools that give traders an edge over the retail market, and why the news moves the markets. Further, learners will be taught how to develop trading plans in anticipation of an economic event.
Although traders of any skill level can enroll for the course, it would be best if you already mastered the basics of forex trading. The course will touch on setting up and using your trading account, but traders who already know how to place a trade are advantaged.
Here’s a breakdown of the course content:
- Welcome and Introduction
- Opening your trading/broker account
- Getting familiar with economic news
- Trading the news
- Setting yourself up like a Pro-Trader
- Placing the trade
- Risk managing your trades
- Trade Examples
- Your ongoing support
- Bonus Videos
- Student Interviews
Instructor: Thomas Franklin
User Review: 4.4
There’s no better way to learn about forex trading than from someone who has been through it all. This course’s instructor has been a professional trader for more than ten years. In this course, he brings his expertise and all that he has learned over the years to help learners make the most out of their trading journeys.
The course is provided by the seam Group and is available on Teachable. It covers everything that the instructor has used over the years to become a successful trader. It also includes a secret recipe that the instructor uses to understand charts and make informed trades with a 90% success rate.
The strategy works better for some currency pairs than others, although you can use them for just about any trade. It is also ideal for use at any time frame of your choice. What’s more, the instructor will send daily trading signals and analyses to learners to give them a practical approach.
The course has been designed for new traders who are only getting started with the forex markets. Intermediate traders who have been at it for a while without getting any consistent profits can also benefit from this course. Finally, the course is ideal for anyone who used to trade but stopped for a while and would love to get back in.
The course curriculum includes:
- MetaTrader 4 Introduction
- Basics 101: What is a Pip?
- Basics 101: What is Swaps
- Basics 101: Overtrading
- Basics 101: Support and Resistance
- Basics 101: Time frames
- Basics 101: Margin, Leverage, and Equity
- Lesson 1: Introduction
- Lesson 2: Trends and Trendlines
- Lesson 3: Fibonacci
- Lesson 4: MACD Divergence
- Lesson 5: MACD impulses
- Lesson 6: Labelling
- Lesson 7: Introduction to Patterns
- Lesson 8: Flats
- Lesson 9: Triangles
- Lesson 10: Diagonals and Strategy
Instructor: Stefan Theron
Duration: 60 Hours
User Review: N/A
When getting started with forex trading, you will realize that MetaTrader is the most popular trading platform. Therefore, learning your way through the platform will give you an advantage and make it easier for you to make profits.
This course is available on Alison and offers certification once you are done with the class. Learners who enroll in the course will learn the fundamentals of both MetaTrader 4 and 5. Besides mastering the platforms, the course will help learners understand why super traders use the platforms by highlighting all available possibilities.
One of the best things about this course is that it isn’t only focused on forex trading. If you are interested in trading cryptocurrencies, commodities, options, or any other financial instruments, the knowledge from this course will come in handy. The time frames used for analysis on the platform are ideal for both scalpers and day traders.
The course content of the masterclass includes;
- A Masterclass in MetaTrader- Learning Outcomes
- Getting started with MetaTrader
- Trading Tools
- Trading Essentials
- Orders and Limits
- Objects and Lines
- Indicators and Charts
Duration: 3 hours
User Review: N/A
This course is a bestseller on Udemy and covers all the basics you need to know so you can start trading forex. Just as the name suggests, the course is foundational and is ideal for beginner and intermediate traders who are still trying to learn the ropes.
In this course, learners will be taught how to trade the forex markets by a trading firm CEO. The instructor, Mohsen Hassan, is also the founder of Boom Trading. In this course, he teaches learners how to become successful and consistently profitable traders. The course starts by covering the history of money and the forex market structure, including the industry terminology. Users also get acquainted with the popular trading platform; Metatrader 4. Further, the course explores how to use the economic calendar, chart patterns, candlestick patterns, and technical indicators. Besides, the program also includes a live trading session where the instructor shows learners how to apply the theoretical aspect to trade live in real-time.
Here’s a more detailed breakdown of the course content;
- The History of Money
- The forex market and quotation
- Forex terminology
- Different ways of analysis
- Charts and trends
- Chart patterns
- Technical indicators/ Analysis
- Fundamental analysis
- Risk management
- Money management
- Trade analysis
- Live trading
- Trading psychology.
Instructor: Mohsen Hassan
User Review: 4.7
This course is another excellent option for traders who are looking to get the foundation right. The 4-part course has its first module free for a limited time, which helps you sample the content to decide whether to upgrade for the other modules.
The course is available at Shaw Academy. Learners who enroll in this course will be taught how to leverage market changes and react at opportune times. The course will also teach learners how to read critical data to identify an investment opportunity and analyzing price movements on a chart. The course also highlights how to use technical analysis and understand and apply risk management. Additionally, learners will be taught how to use trading psychology to their advantage.
Learners receive certification that is globally recognized at course completion.
The course content includes:
- Module 1: Diploma in financial trading and investment (free)
- Module 2: Intermediate in financial trading and investment
- Module 3: Advanced in financial trading and investment
- Module 4: Proficient in financial trading and investment
Instructor: Shaw Academy
Level: Beginner, Intermediate, Advanced
Duration: 16 weeks
User Review: N/A
Price: Free (with optional paid upgrade)
The Afriforex Academy has curated a range of online forex classes to suit traders of all skill levels. The classes are available on Kajabi and offer a step-by-step guide for learners to master the forex market. By following the course content, learners can navigate the forex markets faster and start making profits.
The academy provides the course material in different forms, including online videos and one-on-one training. Here’s a look at the available courses at the academy.
- Afriforex Ultimate Beginner Class- this course is free and is ideal for those starting out in forex trading. It only takes a few hours and covers the basics, which are explained further in the subsequent classes.
- Afriforex Masterclass- this class delves a bit further into the mechanisms of the forex market. It explores technical analysis as a trading strategy and a deeper understanding of price action. The class costs $199.
- Exclusive One on One Training- learners who prefer personalized lessons can enroll in this class. Here, the tutor adjusts the training to fit your learning speed, growth, and even personality. The course takes place via Zoom and lasts one month. The content builds upon the previous classes, so it’d be best if you covered those first.
Instructor: Afriforex Academy
Level: All Levels
User Review: N/A
Price: Free- $998
Some online courses focus on particular strategies only instead of complete forex online courses. These courses are ideal for traders who are interested in mastering specific strategies to leverage them for profits.
This online course is available on Skillshare. By the end of the learning path, learners have a better understanding of the MACD strategy and how to implement it on live forex markets. They also gain a statistical edge over the markets.
Learners also get the exact buy and sell strategies that they can use. The course also includes a live session, where the instructors take the learners through the buy and sell setup trading examples in the live forex markets. Further, learners are also taught how to determine the stop loss and take profit levels.
The course includes seven lessons, which will all take about 40 minutes to complete. The seven lessons are:
- Using the MACD Indicator
- The Aim of the Strategy
- Buy Setup Rules
- Buy Setup Trading Examples
- Sell Setup Rules
- Sell Setup Trading Examples
The MACD indicator forex strategy course is an easy-to-learn course that is easy to follow. Although the course doesn’t have a set price, learners must have a Skillshare premium account to access the course content.
Instructor: Gerrit Gerber
Duration: 40 minutes
User Review: N/A
Swing trading is another crucial forex trading strategy, and this course focuses on it. The free online course teaches learners how to determine the best trading strategies and formulate trade management plans. By the end of the course, learners will have mastered the ideal techniques to achieve their trading goals.
The course includes the principles of the two-trade system and the different types of price corrections. It also delves into the process of setting up an RSI indicator, among other concepts of swing trading.
Understanding forex swing trading is available on Alison. Upon completion, learners receive certification from the e-learning platform if they achieve 80% or higher in the course assessment.
The course modules are:
- Forex swing trading strategy- learning outcomes
- Introduction to forex swing trading
- The strategy of forex trading
- Risk and trade management
- Forex swing trading strategy- lesson summary
Instructor: Not mentioned
Duration: 3 hours
User Review: N/A
Although this course isn’t specially designed for forex traders, the material can benefit any kind of trader. By the end of the course, learners will have access to eight ready-made trading strategies that they can implement to make profits. The course also teaches learners to develop their own trading strategies, test them, and measure their performance using the skills highlighted in the class.
The Indian School of Business offers this course on Coursera. The Specialization is a series of classes to help learners master the different trading strategies. The Specialization includes a hands-on project that learners must complete to receive the certification. It comes with an easy-to-use dashboard that makes it easier for learners to track their course progress.
The Specialization includes five course modules, which are;
- Trading Basics
- Trading Algorithms
- Advanced Trading Algorithms
- Creating a Portfolio
- Design Your Own Trading Strategy- Culminating Project
All five modules can be studied independently. Once learners sign up for any of the courses in the Specialization, they automatically subscribe to the entire Specialization. However, you are at liberty to complete just one or several of the courses, pause the classes, or end the subscription at any time. Thanks to the dashboard, learners can pick up the lessons once more at any time and continue from where they left off.
Instructor: Ramabhadran Thirumalai, Prasanna Tantri
Duration: 6 months
User Review: 4.3
Price: Free ( with optional paid upgrade)
Forex trading is quickly becoming a lucrative venture for many people who are looking for an additional source of income. However, many don’t realize that you need actual trading strategies to make significant profits. The highly volatile requires specialized knowledge to navigate the price movements and identify ideal opportunities to open and close trades.
All traders, whether novice or advanced, can gain from taking several online forex classes. This article lists twelve online courses you can use to sharpen your skills and leverage the financial markets to make profits.