Trading forex and making consistent gains is not easy. In fact, very few online traders are able to achieve this feat on a long-term basis. With that being said, the most seasoned traders will each have one thing in common – knowledge. In this guide, we explore some of the popular forex courses in the UK.
What is a Forex Trading Course?
Put simply, UK forex courses are training programs that seek to teach you everything you need to know to become a successful trader. There are many courses available in this respect – both online and offline.
At one end of the spectrum, you have forex courses that strive to ease you into the arena on a slow and steady basis. This will likely cover the fundamentals surrounding currency pairs, pips, leverage, spreads, and market orders. At the other end of the spectrum, there are also forex courses that look to take things to the next level.
For example, you might learn how to read and analyze charts, and how to utilize technical indicators like the RSI, MACD, and Fibonacci Retracement. Advanced UK forex courses will also look to teach you how to deploy trading strategies. All in all, there are online forex trading courses to suit all experience levels.
In terms of recognized qualifications, this isn’t something that really exists in the forex space. Even if it did, it isn’t something that is necessarily going to add value if you are looking to trade from the comfort of your home.
The Popular UK Forex Courses in 2021
As noted above, the internet is jam-packed with forex courses – some free and some paid. Each course will take its own approach to financial education, which again, makes it somewhat challenging to know which one to pick.
To help you along the way, below you will find a review of the popular UK forex courses in 2021.
ForexSchoolOnline.com offers a wealth of courses to suit all experience levels. If you’re just starting out and you have little to no knowledge of how currency trading works, ForexSchoolOnline.com offers an in-depth newbie program.
To help ease you into the currency arena, the course initially starts by discussing the basics of how the forex markets work. This will cover key metrics such as trading orders, spreads, and opening and closing positions. Then, the course will explain the importance of understanding trading fees, commissions, and overnight financing.
Once the basics are out of the way, the course moves on to market analysis, money management, and calculating a risk vs reward ratio. Crucially, the course increases in difficulty gradually, subsequently ensuring that you do not feel overwhelmed with the information being presented. Notably, the newbie ForexSchoolOnline.com course is completely free. Outside of the introductory course, the platform offers a range of other training material.
This includes a guide on price action trading, as well as getting the most out of MetaTrader 4. Regarding the latter, this is one of the most utilized third-party trading platforms in the forex arena, so the course is well worth looking into. Additionally, ForexSchoolOnline.com now has its very own Telegram group. Within it, you will find regularly posted forex signals, and the ability to share ideas and insights with your fellow graduates.
2. Learn 2 Trade
If you’re a complete beginner and want to learn everything there is to know about forex, Learn 2 Trade offers a plethora of free guides that cover all-things forex. For example, you’ll come across dedicated pages on leverage, automated robots, spreads, trading strategies, and more.
Each and every guide is written by experts from within the industry – and explained in a simple and easy-to-understand manner. If you want to take things to the next level, Learn 2 Trade also offers a comprehensive online forex course. The course consists of 11 chapters, and it can be completed via your desktop device or mobile phone.
Some of the things that you will learn include basic forex terms, timing the market, performing fundamental analysis, reading charts, and technical indicators. Each chapter also provides you with relevant tips, examples, and case studies to help you grasp the information with ease. The Learn 2 Trade forex course also includes tests and quizzes, which you will be required to complete before moving on to the next stage.
In terms of pricing, Learn 2 Trade charges £99 for its in-depth forex course. It is also worth noting that Learn 2 Trade offers a fully-fledged forex signal service – both free and paid-for.
3. Forex Trading A-Z (UDEMY)
If you’re the type of student that prefers interactive learning materials, you might want to check out the The Forex Trading A-Z course on UDEMY is a third-party course presented in video format.
This means that you can sit back and learn the ins and outs of forex in a seamless manner. You also have the opportunity to take the course at your own pace, as everything is pre-recorded.
At the time of writing, the course has enrolled over 66,000 students, with an overall rating of 4.6/5. In terms of what the course consists of, you will be walked through heaps of topics. This starts with an overview of how the forex markets work, and what you need to factor in before choosing a forex broker.
You will then be exposed to key terms such as leverage, pips, short-selling, and base/quote currencies. Moving forward, the course will then teach you the ins and outs of fundamental and technical analysis, and how to calculate the risks associated with a trade. To conclude, you will then be shown how to install and use MetaTrader 4.
The forex trading course offered by Bizintra is going to set you back $130 per month. But, it provides a number of features and learning sources. First and foremost, the course is run by Nick Lesson and Jason Sen – two seasoned traders with decades worth of experience in the forex scene.
The selling point of the Bizintra course is that you will be accustomed to ongoing live demonstrations. That is to say, rather than just teach you what you need to know, the team at Bizintra will practice what they preach. For example, let’s suppose that the course is explaining how to deploy a scalping strategy on GBP/USD.
Not only will they demonstrate this with their own trading funds, but the information will be super-relevant to current market conditions. After all, the forex space moves at a rapid pace. As such, you will get to learn the ins and outs of trading strategies that are relevant to the here and now.
On top of live demonstrations, your $130 per month will also get you heaps of on-demand videos, individual courses, and up-to-date brokerage review.
5. Six Figure Capital
Six Figure Capital, in a nutshell, consists of a 14-day forex crash course that strives to teach you everything you need to know to get your trading career off on the right foot.
Although this is much shorter than the other courses on our list, it is important to note that the program comes jam-packed with valuable material. To get the ball rolling, the first few days will consist of the basics – including currency pairs, trading hours, and market terminology.
The course then attempts to help you identify the type of trading personality that you possess. After that, the course moves swiftly into second gear – covering topics such as Japanese Candlesticks, identifying patterns, and looking out for bullish and bearish traps. Towards the end of the course, you will learn a selection of profitable trading strategies.
In terms of pricing, this is the most expensive course on our list. It will set you back a whopping £800 – which is a one-time fee. On top of the 14-day crash course itself, this also includes access to a private Slack community, bonus eBooks and spreadsheets, and ongoing support. If an upfront payment of £800 is too much, then Six Figure Capital also offers a payment plan of £97 per month.
Features of a Forex Course
As we previously noted, there are many forex courses active in the space. In fact, a quick Google search will yield thousands of results. This can make it difficult to know which is the suitable forex course for you.
As such, here are a few features to look at while picking a suitable forex course for you.
Online vs Offline
You should identify how you would like to receive the material. That is to say, are you looking to take a forex course from the comfort of your home.
Or, are you also looking for access to the course via your mobile phone. Alternatively, some of you might be seeking a UK forex trading course that is taken in class.
This will require you to visit a physical location each and every day/week until the course is complete. Take note, taking an offline class will cost you significantly more in comparison to an online program – so do bear this in mind.
You then need to think about the type of trader that the forex course has been designed for. If you are a complete newbie, then it goes without saying that you will need to opt for a beginner’s course. This will ease you into the world of forex slowly, and begin by starting with the basics.
If you are an advanced trader, then you will need to look for a niche course that targets a specific topic. For example, you might be looking to learn about a specific technical indicator – like the RSI or MACD. Alternatively, you might be after a course in Japanese Candlesticks or utilizing forex robots.
We all learn in different ways, so it’s crucial that you explore how the course material is delivered. For example, some courses will rely exclusively on written guides and explainers that are backed by graphs, charts, and other visual materials. While this is fine for must of us, some of you might be looking for something a bit more interactive.
Additionally, you should look to see what supplementary content is offered by the course provider. For example, we prefer courses that offer quizzes and tests. That way, you can be sure you understand the material before progressing to the next stage of the course.
While some forex courses are somewhat thin on the ground, others are going to be highly comprehensive. As such, you need to explore how much time you are going to be required to commit. If your chosen course offers on-demand content – then this isn’t going to be as much as an issue – as you can effectively learn at your own pace.
The reality is that many UK forex trading courses available in the online space are not going to be worth your time. This is usually because the content is too broad or worse – completely outdated. As such, if the course you are interested in comes at a cost, you need to explore what previous and current students make of it.
The internet is your best friend in this regard, as you should be able to find public reviews of the course. Make sure you assess the credibility of the review before making a decision.
Forex Trading Course London
If you’re based in London and looking for an in-class forex course, there are several providers active in the space. One of the most popular in this respect is that of Alpha Trading Floor. Although the provider offers a one-day crash course,it also provides a 12-week forex training mentorship program.
This particular forex training course is facilitated in London across four specific stages. You will start with the foundations of forex, alongside goal setting. Stage 2 covers theoretical material and formulating a forex strategy. Stage 3 and 4 ups the pace by introducing you to live forex sessions, creating trend alerts, and more.
The course runs four times per year, and will set you back £2,995. If you don’t have the time to commit to a full-on 12-week program, then the London Academy of Trading offers evening and weekend classes.
Forex Management Courses
Forex management courses aren’t really a thing these days – as most traders will operate independently. That is to say, the vast majority of would-be currency traders will buy and sell currencies from the comfort of their own home.
After all, one of the biggest appeals of becoming a full-time currency trader is that you will be able to live an independent lifestyle free from the 9-5 drain. As a result, if you want to combine the fruits of forex and management, you will need to take this up through two individual programs.
In summary, there are thousands of forex trading courses active in the online space. You also have heaps of offline courses to look into – with options available across the length and breadth of the UK. The most important thing is that you assess what it is you are looking to learn.
After all, no-two forex courses are the same, so spend some time thinking about what your objectives are.