The 14 Best Online Forex Trading Courses of 2022
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If you are thinking of getting involved in forex trading, taking an online course is a great place to start.
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.
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 15 best online forex trading courses.
To help with your research, below is our list of the 15 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.
- Multiple lessons spread over video format
- High quality
- Self-paced with lifetime access
- Covers a wide range of lesson topics
- Useful examples throughout the course
- Those who have already traded could struggle to grasp Mr Chew’s way of thinking
Best for: Beginner to Advanced traders
Ezekiel Chew the founder at Asia Forex Mentor isn’t your typical trainer. He is a recognized expert in the finance industry where he is frequently invited to speak at major financial events. His insights into the live market are highly sought after by retail traders.
Ezekiel is considered to be amongst the top traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and, behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.
His highly regarded One Core Program teaches you how to trade not only forex but also stocks, commodities, crypto and more. To Ezekiel, it doesn’t matter what vehicle it is. It’s about trade selection and having various options opens up the best of the best trades.
The One Core Program covers:
The unique way he reads charts with a combination of price action and others.
His 16 high win rate strategies that work on every move the market makes.
The highly popular Road to Millions formula that turned many new traders into full-time traders.
The business behind trading, trade management methods, proprietary point calculation system and many more.
It’s no wonder that the One Core Program is considered one of the best trading courses around.
- Options for classroom-based or online learning
- Useful insights for beginner traders
- Classroom course requires payment
Best for: Multi market overview
The one-day eToro Trading School course covers multiple trading areas including forex, cryptocurrency and stocks.
In-person education is delivered by Henry Ward, a professional trader with over 10 years’ experience under his belt.
Though the course claims to be suitable for traders of all levels, the content is well suited to beginner traders, or those looking to learn more before dipping their toes into the water.
You’ll have an introduction to the financial markets, learn essential key terms and what they represent, and walk through the fundamental principles of trading.
Perhaps the most useful element of the course for beginners is the introduction of trading personalities. This should help you identify what type of trader you are and determine the most appropriate styles to suit.
In addition to the classroom-based course, held in London’s Canary Wharf, there’s also a library of webinars and podcasts for those interested in distance learning.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
- Free trial available
- Daily live streams and market analysis
- Insights from trading mentors
- Community of fellow traders to discuss ideas with
- Online video library for education
- Requires monthly subscription (different tiers) to maintain access
- May not offer much value to advanced traders
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.
- Choice of courses available to suit different topics and needs
- Members' chatroom
- Live class training available
- Watch live trading
- Courses require expensive monthly, annual or one-off payment for access
- No free trial
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.
5. UC Trading
- One-to-one coaching sessions
- Access to Discord server with additional resources and member insights
- Create an individual trading plan to suit your goals and personality
The UC Trading Mentoring is a futures trading mentorship program entirely based on pop trading knowledge offering a professional and unique trading approach that most other providers do not have access to. Utilised tools include the volume profile, market profile and order flow instruments such as the footprint chart. It is accompanied by diversified coaching mediums such as a workbook, Discord server, videos, webinars and 1:1 coaching sessions to ensure the best possible learning experience.
The mentoring is led by a former private banker and experienced professional in his field of work maintaining 10+ years of experience in the financial markets.
In close collaboration with the mentor, this course will teach you:
- Prop trading knowledge
- Profitable order flow strategies
- Learn to read the markets
- Developing your individual trading plan
- One-on-one coaching
The entire coaching process is clearly structured and follows three phases guiding you through the various steps to become a successful day trader.
Phase 1 focuses on building a theoretical understanding of the futures markets and day trading principles through the workbook and enclosed exercises. Subsequently, phase 2 puts theory into practice providing you comprehensive educational content through their Discord server including numerous sample analyses, trades, and supplementary insights from other community members. Here you can ask all remaining questions and receive individual support as well as share your trades to get a detailed review. In addition, the Discord server provides access to videos and webinars providing you further learning resources to guide you best possible through the learning process.
Finally, in Phase 3 your trading becomes more independent, you have acquired an extensive theoretical as well as practical knowledge that is now applied in the markets. Through continuous trade reviews and in close collaboration with the mentor, you will develop an individual trading plan fitting to your individual personality. That is accompanied by 1:1 sessions to ensure you are reaching your goal of becoming a consistently profitable day trader.
6. How to Trade
- Learn at your own pace
- Video lessons cover a wide range of topics
- Both free and paid-for courses are available to suit different preferences
- Requires paid subscription to maintain Trading Room access (various tiers available)
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.
- Learn online at your own pace
- Includes 12-month access to daily trade information
- Lifetime access to email support
- Live webinars each week
- Online community forum
- Course is expensive
- Trading track record performance not verified by a third party
Best for: Traders of all abilities looking to improve
The Successful Trader System: Online Forex Course teaches its students how to identify trading opportunities based on price action.
The course includes easy to follow training videos, daily trading suggestions and market analysis, weekly live trading room webinars and access to The Forex Trading Coach membership site.
The course is split into 15 lessons, each an average of 45 minutes in length.
The lesson topics include:
- Money Management
- An introduction to the MetaTrader 4/5 platform and its indicators
- Support and Resistance
- Candle Patterns
- Trading with Fibonacci
- Bollinger Bands
It also provides unlimited follow-on support to help sustain your development.
The Forex Trading Coach was established in 2009, making it one of the longest-running forex courses. The daily trade suggestions the site provides (which you will have access to for 12 months when signing up to this course) have been profitable every year since 2010.
Refreshingly, this course does not pretend that trading is easy or that taking the course is a quick-fix to making a fortune.
Instead, it claims to provide the knowledge and support which, alongside dedication and investment in your personal development, can enable you to become successful in trading forex.
It suggests that learning to trade using the systems taught can take between one and three months, with students taking the time to carefully absorb the knowledge provided by the course and regularly attending The Forex Trading Coach trading room webinars.
8. Forex Mentor
- Live trading sessions
- Access to members chat room
- Email alerts
- Requires continued payment to maintain access
- Extensive information can be overwhelming for beginners
Best for: Reliable coaching-based training
Established in 2003 by veteran trader Peter Bain, Forex Mentor is based on the forex trading system that he developed and used through his training.
Through the Forex Mentor training, more than 27,000 people have learned to trade successfully and consistently using the Simple 1-2-3 method.
There are two routes that Forex students can take through Forex Mentor. The Coach’s Corner is a series of live Forex videos based on Pre-Market Analysis and simple Forex patterns, and some of this content can be accessed for free using the CCStarter pack.
The Simple 1-2-3 (S123) coaching plan teaches a simple three-step system that is unambiguous, logical and objective, working on any trading pairs and based on mathematical waves and Fibonacci models.
The cost of the training is often on offer, and it can be paid in monthly installments or through six-months prepaid.
The Forex Mentor course founder Peter Bain claims that this is the most comprehensive and affordable Forex trading available on the Internet.
- Access to members forum
- Suits beginner to intermediate level
- Live training sessions each week
- Requires continued monthly or yearly payment to maintain access
Best for: Training recommended by professionals.
This training, like many others available online, was created in response to the lack of reliable online training available.
The founder, Marc Walton, began to trade in 2002, but in less than three years he was ready to give up because there were too many unreliable ’mentors’ available online.
Walton found a mentor and his trading knowledge expanded enough to successfully trade for a hedge fund as well as run managed accounts for private clients. As he grew, people began asking him for help and advice, and this led directly to the founding of Forex Mentor Pro in 2008.
There are three levels of training options available, and all three offer video training on three powerful trading systems and access to the members-only forum.
Students can pay monthly and receive all the above.
The annual plan offers more of a personal touch through priority support and a 30-minute phone call with a mentor.
For lifetime access, there is a one-time payment and a sixty-minute call with a mentor, as well as twice-yearly reviews of current performance and the creation of a personalized plan.
- No experience required for beginner course
- Live market analysis each week
- Live Q&A opportunities to hone knowledge
- Requires payment for course access
Best for: New traders
BizInTra’s beginner trading course helps new traders enter the forex market. The course teaches trading strategies and background knowledge, effective risk management and technical expertise on how trades are best executed.
The course contains four education training videos to help beginners grasp what trading in the forex market is like. These videos provide learning through live demonstrations.
The course also offers access to the BizInTra Internal Traders Network, which provides live Q&As and daily access to professional live traders. It also gives an introduction to getting the best out of BizInTra’s live trade review classes, which are held multiple times a week and provide live analysis of the markets.
The course also has some limited sponsored places available. This means that those without the funds to commit to the course have the chance to gain access to the expertise of seasoned traders and build their forex skills.
- Learn at your own pace
- Lifetime access to content
- Live trading examples
- Certificate provided on course completion
- Requires payment to access
- Investopedia Academy may not offer much value to advanced traders
Best for: Beginner traders
Price: £162 for lifetime access. Payment can also be made in US dollars ($199)
Further notes: Certificate of enrolment provided
This beginner course teaches those new to forex trading how the market works.
It looks at how economic factors impact currency values, how to analyse forex pairs and how to build strategies for long and short-term forex trades.
It also covers topics such as:
- Choosing a forex broker
- Understanding commissions and fees
- Implementing advanced orders
- Applying comprehensive risk management strategies
The course is divided into 60 lessons which are delivered through on-demand videos, exercises and interactive content.
Live examples of forex trades allow students to see the principles in action, whilst downloadable worksheets help to structure theoretical learning.
These lessons are split into the following overarching sections:
- Getting Started in Forex
- Leverage, Margin & Risk Control
- Fundamental Market Forces
- Safe-Havens, Support and Resistance
- Intermarket Analysis
- Technical Strategy: Price Patterns
- Technical Strategy: Oscillator Divergences
- Position Sizing & Money Management
Lifetime access means that all lessons are available to re-watch whenever you need a refresh.
- Free workshop available
- Upselling for additional training
Best for: Developing your skills
Price: Initially free, there may be some paid features later
This Learn to Trade course gives a guide to finding, executing and automating successful trades, provides live currency trading experience, and investigates forex trading strategies. It also prioritises risk management and time efficiency when trading.
It explores four trading strategies which Learn to Trade refer to as the 180 Phase Change, the T Wave, the Forex Inter Bank Radar and the Money Market Breakout.
The course provides one-to-one coaching and has a graduate login area.
It appears that the starting point for this course is to enrol in Learn to Trade’s free two-hour workshop via their website.
Pricing information is not forthcoming, but it appears that initial sign up to Learn to Trade’s package is free. The Learn Forex Kit is also available free of charge.
More interactive training and mentor support seems to require payment. Ensure you understand all costs up-front before committing to further learning.
- Lifetime access to content
- Includes live examples of trading
- Certificate of completion
- Basic content won't suit those seeking in-depth knowledge
Best for: Forex beginners looking for a comprehensive start
Price: Usually £59.99 (appears to sometimes be on sale for £12.99)
Further notes: Comes with a 30-day money-back guarantee, certificate of completion included
This forex trading course by Udemy offers beginners the background knowledge they need to start forex trading. It covers the detail of forex basics such as currencies, charts, short-selling and explains forex brokers.
It also provides information on how to stay up to date with economic news via a calendar of economic events.
The course content is split into nine sections:
- Forex Basics
- Forex Acronyms and Jargon
- Forex Analysis
- Fundamental Analysis
- Technical Analysis
- MetaTrader 4
- Calculating Risks the SMART Way
- Examples Using REAL Money
- Bonus Lectures
You can view the titles of the content sub-sections on the website.
In terms of content delivery, this course is heavily delivered via video. The topic sections contain a total of 57 short video lectures, making up 5h 20m in total length. Content is accessible on mobile and TV devices to allow for flexible learning.
The course provides full lifetime access and all additional future lectures and bonuses will be available free of charge to students who have taken the course.
The course appears to have hands-on support, with the tutor available to contact if you are stuck or have any questions.
Due to the breadth of the course, some students feel that some detail is missed (such as in the live trading sessions) but also claim that this was not a major problem overall. Achieving a balanced compromise between content scope and detail is something every online course contends with.
- Learn on a demo account
- Certificate of completion
- Practice platform doesn't accept US-based users
- Outdated content
Best for: Automated trading (those who want to use forex robots)
Price: Usually £59.99 (appears to sometimes be on sale for £12.99)
Further notes: Comes with a 30-day money-back guarantee, certificate of completion included
This course includes a forex robot for you to practice on a demo account and reveals techniques you can apply when using any forex robot.
You will learn how to optimise and perform back and forward tests of forex robots, as well as apply stability criteria.
You will also learn how to comprehensively use MetaTrader 4 (MT4) with topics covering:
- The Strategy Tester
- MT4 Optimizations
- Demo Tests
- Importing historical data
- The MT4 Genetic Algorithm and 2D-surface
The course is split into six sections:
- Optimization, Demo and Real Testing
- Optimization Tips and Tricks for Success
- Course Summary
Again, content sub-sections can be viewed on the website. It consists of 44 bite-sized lectures, making up a total of 5h 19 of learning.
The course comes with full lifetime access and accessibility via mobile and TV devices.
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:
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.
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.
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.
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.
Forex courses are a good choice for anybody who wants to start forex trading. The forex market is volatile, so it is important to gain the relevant knowledge and training to avoid making significant losses. Forex courses can be helpful if you want to learn the basics or improve your existing knowledge. To gain value for money from a forex course, it is important to choose one that is both affordable and appropriate to your existing knowledge level.
If you are considering a career as a forex trader, choosing a finance or economics-based university major is a sensible choice. However, there are other options. Computer Science, Statistics, Applied Mathematics, Engineering or Physics degrees will provide you with valuable skills and knowledge that can be applied to forex trading. If you choose to study in the UK, Australia or New Zealand, you can complete an undergraduate degree program in three years. In the US, undergraduate studies will take four years, but choosing to study for a degree at a top US college like the University of Pennsylvania, New York University, Harvard, Princeton or Boston College could improve your chances of gaining employment on Wall Street.
There are several different forex trading courses available online, each with its own course delivery style, content and price. It is important to choose a trading course that is appropriate to your existing knowledge, learning style and budget. This will help you to choose the trading course that is best for you.
A forex career can bring many benefits, including high earning potential, flexible working and international opportunities. Forex careers include market analyst, currency strategist, account manager, professional trader and exchange operations manager, although there are many other options to consider. If you want to be a professional forex trader, you will need to have a bachelor's degree in a relevant major and be able to show that you have a consistently successful track record for trading forex.
The salary for forex trading is made up of a base salary, bonuses/commission and employee benefits (if applicable). Forex traders receive their base salary every month, but any bonuses or commissions will be based on individual and/or team performance and company turnover. The recruitment website Indeed says that a US-based forex trader could expect to earn an average annual salary in the region of $107,000 (including commission) in 2021.
To pursue a career in forex trading, it is wise to study a university major such as finance or economics. Other options include Computer Science, Statistics, Applied Mathematics, Engineering or Physics. If you want to get started with forex trading, consider taking an online forex trading course designed to provide an introduction to the forex market. This will help you to avoid making costly mistakes at the start of your forex trading journey.
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.