Free Forex Trading Course for Beginners - Trading Heroes (2024)

Free Forex Trading Course for Beginners - Trading Heroes (1)

Introduction

So you want to learn how to trade the Forex market.

Great, we wholeheartedly believe that Forex trading can provide an excellent opportunity to create more freedom in your life…and it can be a lot of fun!

But just like with any other skill, it will take work to become a consistently profitable trader.

Since you found this course, we know that you are someone who is willing to put in the time and effort to become successful.

We created this free Forex trading course because we know that learning to trade can be confusing for beginners. There are so many trading systems, robots and indicators out there.

Where do you begin?

Well, this is the course that we wish we had when we first started trading. Our primary goal is to filter out all the nonsense and give you the straight facts about Forex trading.

Here's what you can expect from this course…

Chapter 1: What is Forex?

We will start by teaching you some basic trading terminology, give you a (very) brief history of the Forex market and the benefits of Forex over other markets out there. You will also learn how traders make money trading Forex.

After you finish this section, you will be able to sit down at any table with experienced traders, and not sound like a total newbie.

Free Forex Trading Course for Beginners - Trading Heroes (2)

Free Forex Trading Course for Beginners - Trading Heroes (3)

Chapter 2: What You Need to Get Started in Forex

Learn the basic things that you need to get started in Forex trading. Get the checklists and see what to avoid in trading.

Also learn how to learn to trade without money.

Chapter 3: What's the Difference Between Technical and Fundamental Analysis?

There are basically two ways that traders make decisions to buy or sell. Learn how technical and fundamental analysis work and how to figure out which one is right for you.

One isn't necessarily better than the other and some traders use both.

Free Forex Trading Course for Beginners - Trading Heroes (4)

Free Forex Trading Course for Beginners - Trading Heroes (5)

Chapter 4: Technical Analysis Explained – Price Action and Trading Indicators

In this chapter, we will dive into the specifics of technical analysis. Some traders use indicators and others rely on pure price action.

Learn the pros and cons of both, as well as how to figure out what works best for you.

Chapter 5: News Trading Explained

Some traders primarily trade based on the news, otherwise known as fundamental analysis. While this isn't as popular as technical analysis, this trading method may resonate with you.

It can also potentially give you some information to consider when using technical analysis.

Free Forex Trading Course for Beginners - Trading Heroes (6)

Free Forex Trading Course for Beginners - Trading Heroes (7)

Chapter 6: Trading Risk Management Explained

One of the biggest reasons that so many Forex traders fail is because they don't manage their risk properly. This is not a sexy topic, but if you really want to succeed as a trader, you will need to understand risk management.

This chapter will give you the basics of risk management in Forex trading.

Chapter 7: How to Create a Trading Plan and Test Strategies

Here's where the rubber meets the road. We will pick a trading strategy, create a plan and test the strategy. If the strategy is profitable in testing, then we will show you how to place your first trade in a demo account.

Never risk real money until you have mastered the process in this chapter.

Free Forex Trading Course for Beginners - Trading Heroes (8)

Free Forex Trading Course for Beginners - Trading Heroes (9)

Chapter 8: Develop the Psychology of a Successful Trader

This is the most important chapter in this course. Forex trading is not as easy as some websites make it seem. Profitable trading strategies are usually very simple, but the psychology side of trading can be quite difficult.

Learn what mindset roadblocks to expect on your journey and how to overcome them.

Chapter 9: How to Choose the Right Forex Broker

This chapter will show you what to look for in a good Forex broker. The reality is that there isn't a single best Forex broker. The best broker for you will depend on how much money you are trading, where you live and a few other factors.

Get the details in this chapter.

Free Forex Trading Course for Beginners - Trading Heroes (10)

Free Forex Trading Course for Beginners - Trading Heroes (11)

Chapter 10: The Best Forex Trading Tools

There are so many great tools out there for Forex traders nowadays and we will show you the best of the best. No need to do hours of research on the internet.

Just pick a few tools from this list and get to work!

Click Here to Get Started

Let's do this! Click this button to start our free Forex trading course…

Go to Chapter 1

Free Forex Trading Course for Beginners - Trading Heroes (2024)

FAQs

Who teaches forex trading for free? ›

FX Academy was created by a globally recognized Forex authority, written by highly acclaimed Forex traders, designed for traders of all experience levels, and, incredibly, it doesn't cost a dime, making it our top choice as the best free option for a Forex trading class.

Is the Forex Hero app good? ›

Forex Hero is one of the highest rated learning games for those who want to learn how forex and stock trading works. Here are some of the highlights: ? Contains super distilled tips, saving you months of time.

How do I educate myself in forex trading? ›

Trading Forex for beginners summarized
  1. Learning the basics (currency pairs)
  2. Learn the software (MT4, MT5)
  3. Learn with demo accounts.
  4. Find a reliable service provider.
  5. Use the service provider's resources such as tools and guides.
  6. Read books on trading and watch videos online.
  7. Learn various trading strategies and test them.
Nov 1, 2023

How can I learn to trade for free for beginners? ›

If you're looking to learn trading, Ava Academy offers free online trading courses that allow you to learn anywhere and anytime.

Can Forex be self taught? ›

With the abundance of resources available, it is possible to teach yourself the basics of forex trading and develop a solid foundation for future growth. To make the most out of self-directed learning, it is important to have a clear understanding of your goals and risk tolerance.

Is there a free course for forex trading? ›

Forex 101 is a Forex trading course designed to help even absolute beginners learn how to trade. The training course is absolutely free and 100% online.

What is the best free forex lessons? ›

Best forex brokers with free trading courses
  • IG - IG Academy and DailyFx.
  • AvaTrade - Ava Academy (20+ courses, 145+ lessons, 45+ quizzes).
  • Interactive Brokers - Traders' Academy has a vast library of finance-related courses.
  • FOREX.com - Trading Academy courses are organized by theme and experience level.
Mar 5, 2024

What is the most successful forex bot? ›

Top 10 Best Forex Trading Robots: Check the List
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • WallStreet Forex Robot 2.0 Evolution.
  • Forex Flex EA.
  • Forex Diamond EA.
  • FXStabilizer EA.
  • Forex Fury.
  • Forex Gold Investor.
Mar 20, 2024

How should a beginner start trading? ›

The following tips will help you begin your journey in stock trading.
  1. Open a demat account. ...
  2. Understand stock quotes. ...
  3. Bids and asks. ...
  4. Fundamental and technical knowledge of stock. ...
  5. Learn to stop the loss. ...
  6. Ask an expert. ...
  7. Start with safer stocks.

Which trading is best for beginners? ›

Overview: Swing trading is an excellent starting point for beginners. It strikes a balance between the fast-paced day trading and long-term investing.

How long does it take to learn forex? ›

Most traders say it takes at least six months to a year. Start by learning the fundamentals and comprehending currency pairs, market dynamics, and trading strategies from reliable sources. Before making the switch to live trading, practice on demo accounts for at least three months.

How much should a beginner trade? ›

As a beginner, it's advisable to trade conservatively while you gain experience. Before your first forex trade, know your available capital and leverage (which can be as high as 50:1). It's crucial to understand the risk, and a common guideline is the 1% rule—risking only 1% of your total account value on a trade.

How to learn forex trading step by step for free? ›

Trading forex step-by-step guide
  1. Open a spread betting or CFD trading account. ...
  2. Start researching to find the FX pair you want to trade. ...
  3. Based on your research, decide if you want to buy or sell. ...
  4. Follow your strategy. ...
  5. Place your forex trade. ...
  6. Close your trade and reflect.

Who is the best Forex trader to learn from? ›

Top 10 best forex traders in the world 2024
  1. George Soros. Known as the "Man Who Broke the Bank of England," George Soros is a Hungarian-born American billionaire investor and philanthropist. ...
  2. Stanley Druckenmiller. ...
  3. Bill Gross. ...
  4. Ray Dalio. ...
  5. Carl Icahn. ...
  6. John Templeton. ...
  7. Warren Buffett. ...
  8. Charlie Munger.
Jan 2, 2024

How do I find a forex trading mentor? ›

Tips for Choosing a Reliable Forex Trading Mentor
  1. Define Your Trading Needs and Goals. ...
  2. Scrutinize Their Trading Track Record. ...
  3. Gauge Their Pedagogical Skills. ...
  4. Assess Their Mentoring Experience. ...
  5. Evaluate Their Trading Approach. ...
  6. Ascertain Their Emphasis on Risk Management. ...
  7. Seek Out Recommendations and Reviews.
Jul 15, 2023

How much does it cost to learn Forex? ›

Forex academy fees in Nigeria vary depending on the scope of training offered and the experience of the instructors. Typically, rates range from 50,000 to 150,000 Naira for comprehensive basic to intermediate courses. More advanced training programs and one-on-one mentorship cost over 200,000 Naira.

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