Forex Course for Free: Learn Forex in 2021
Published: January 4th, 2021 by Andrew
This guide is dedicated to the Best Free Forex Course: novice traders usually choose to start trading right from the forex market and it is very important to start by studying in the right way.
The problem is that not all forex courses are the same: there are paid courses that are worth nothing because full of useless theory and free courses that can really make a difference because they explain, step by step, how to really make money with forex market.
Before starting, we point out that the best free forex course is the one offered for free by ForexTB. This is an ebook, done really well, which explains in detail how to make money on forex. Click here to download the ForexTB ebook for free (however we will discuss it thoroughly in the article).
Warning: a guide like that of ForexTB is not the only way to learn forex. There is another alternative system which we will discuss later.
Introduction about Forex
Before starting, it should be useful remember what forex is: it is the largest and most efficient financial market in the world, the market in which currency pairs are traded.
Many beginners start trading right from forex because they think making money is easier.
In reality, easy money does not exist (anyone who promises easy money is a scammer) and to make profits from forex, as well as from any other market, it is absolutely necessary to put effort and study.
For this reason, anyone who decides to trade forex must start with a good course: comprehensive, practice-oriented and simple to read (if it is full of incomprehensible technical terms, the course is useless for beginners).
How does forex work? Currency pairs are listed on forex: it is impossible to buy dollars if, at the same time, another currency is not sold, such as euros.
Let’s make a simplification to understand better: to make money with forex you need to make a correct forecast on which of the two currencies of a pair strengthens and which weakens. If the forecast is correct, you earn.
How are predictions made? A good forex course explains just this, how to make predictions to make money, even using techniques and strategies (such as intraday trading for example).
In any case, there are basically two methods:
- Technical analysis: based on the observation of graphs to make predictions on the performance of a currency pair.
- Fundamental analysis: based on macroeconomic factors to make predictions on the performance of a currency pair.
There is, indeed, the possibility of trading on forex without having to make predictions, copying the best traders in the world thanks to the eToro platform. We will talk about it later, especially for the high educational value of this experience: there is nothing better to learn than to copy the greatest experts in the world!
But first, let’s explore the more traditional ways to learn forex: let’s start by analyzing the best course.
ForexTB Forex Course
We started this guide by citing the ForexTB course. Many experts consider it to be the best forex course, the only one able to explain to beginners how to make money with currencies.
This course is having tremendous success as it has been downloaded by hundreds of thousands of people. Which are the reasons for this success?
Free Forex Course
The first important point is that it is a free forex course. Unfortunately, most of the other courses are paid and can be very expensive.
There are educational courses (on whose validity we avoid expressing ourselves here) that cost thousands of euros.
The ForexTB course is 100% free and available to everyone.
Easy to understand forex course
The ForexTB Course owes its extraordinary success to the fact that it is very simple to understand. Other paid forex courses, say, are full of complex words, technical terms that the less experienced are unable to understand. Recall that the ForexTB course can also be useful for learning to trade with ForexTB on Metatrader.
Practice oriented forex course
Those who are looking for a forex course do not have to take an exam at university: they simply want to make money with forex. The ForexTB course is designed to explain the practice in simple words, without wasting time with useless theory.
Precisely for these reasons, it is the most downloaded and most studied course by Europeans: you can download the ForexTB forex course for free by clicking here.
|ForexTB Course||Other online trading
|Free||Paid (often very expensive)|
|Suitable for Beginners||Too many technical terms and unexplained
|Practical informations||Theoretical informations (often useless)|
|Made by a Forex broker||Sold by marketing experts without real forex
|Tested by many users||Often negative opinions|
Unreliable Forex Courses
Unfortunately, not all forex courses are good: there are some excellent ones, others with some defects (for example, good contents but with high cost) and finally some that we can define as a real rip-off.
The worst forex courses are those sold by marketers: in this case the content is sparse, often very theoretical and full of incomprehensible technical terms.
Marketers who sell forex courses have understood that there is a large market (many people know that with forex it is possible to trade successfully) and have decided to take advantage of it.
Unfortunately they are very good people at selling but who, in the end, do not understand anything about forex. That’s why they create courses full of theory, perhaps copying different sources.
For this reason, if you really decide to buy a paid forex course, it is advisable to carefully check the reviews and opinions left by the people who have followed the course.
Secondly, it is worth checking the background of who is selling the course: if they worked at an investment bank or were a trading champion in some competition (just to give an example), then they can probably be trusted.
Warning: these data must be verified by independent sources, obviously all those who sell forex courses present themselves as great experts who have spent their lives trading (even if they have made 4 demo operations in their entire life).
In any case, we always recommend starting with the ForexTB course which is free. If more intense training is needed (for example, to really become a professional trader) then consider purchasing a course but always keeping your eyes open.
Studying a Forex Course is not enough
So far we have talked about the best courses to learn forex. The problem is that studying a course, even the best ever, is not enough. Forex is above all practice, to really learn it takes practice.
That is why it is always advisable to study forex with a good course and, at the same time, practice with a demo account.
The best forex brokers, in fact, provide a free demo account with which you can operate with virtual money. In practice, thanks to the demo account it is possible to carry out tests and experiments absolutely without risk.
Below is a table with the best brokers that offer free, unlimited and unconstrained demo accounts:
Min. Deposit: 200€
Min. Deposit: 400€
Min. Deposit: 10€
Min. Deposit: 250€
Min. Deposit: 100€
Min. Deposit: 250€
Learning forex is not difficult but you need time and effort: easy money does not exist, they are usually scammers who promise them.
Learn Forex by copying
Is there another way to learn forex? Of course, you can use eToro which is the largest investment social network in the world.
eToro is, first of all, a broker that is particularly simple to use and completely free. Secondly, it is also a social network: on eToro you can get in touch with other traders and you can learn from the bests.
It is even possible to copy, in a completely automatic way, what the best traders do.
Patented Copytrader software allows you to select traders who have earned the most in the past with the least risk. They are truly the best traders in the world. These traders can be selected for copying: it will be eToro’s patented software that will replicate all their operations.
Some novice traders take advantage of eToro just to get results right away; the smart ones, however, use it to learn forex thoroughly, observing what the number ones do. This is the most intelligent use.
What prompts these great forex and online trading experts to give permission to be copied? Simple, eToro pays them based on the number of followers that follow them. This payout adds, of course, to the normal profits they get from forex trading.
So not only do they give permission, but they are particularly active in the eToro community providing all sorts of advice and help to the less experienced. They don’t do it because they are good, they just want to make money.You can sign up for free on eToro by clicking here
Trading starting from scratch
In this guide we have explained which is the best forex course that should be used. Many aspiring traders ask us if it is possible to start trading from scratch.
The answer is that yes, trading from scratch is not only possible but many do it. Often those who would like to trade create limiting beliefs that block their initiative.
A few examples?
- It takes a lot of money to Trade
- Trading is difficult
- To truly learn trading, you need to take expensive paid courses
The reality is very different. For example:
- Online trading with small amounts is a reality, since you can start trading with a capital between 100 and 250 euros.
- Online trading is not difficult at all, in fact everyone can succeed, even from scratch, as long as they commit, study, and experience demos.
- There are excellent trading courses, completely free. You don’t need to spend a fortune to learn how to trade from scratch.
The truth is that the biggest obstacle for anyone who wants to start trading from scratch is in the mind. Changing your mindset is the first step to a successful trader career.
Read also: Trader Salary.
The forex market is one of the richest opportunities ever but to get the maximum profit possible it is absolutely necessary to study and learn some fundamental concepts.
Warning: it is not difficult to learn forex, with the right course everyone can do it. However, the study is useless if not accompanied by exercise with a demo platform.
There is an alternative way to learn forex: copy the best traders on eToro, the world’s first investor social network.
Usually those made available by certified brokers. They are written by industry professionals and are made available free of charge to all users of the platform.
Yes, the best is the one made available by ForexTB for quality and completeness. Other brokers also offer great free courses.
Clearly explain even the most complex concepts, be practical and be available free to users.
Often they even cost thousands of euros, as they are offered by marketing gurus who may know little or nothing about trading. For this reason, it is advisable to focus on courses written by professionals in the sector and perhaps download them for free as in the case of ForexTB.