How to Learn Trading from Scratch: Top Beginner Courses Online
The foreign exchange market has a daily trading volume exceeding $7.5 trillion. Hence it is a go-to place for those who are looking to make a buck out of currency fluctuations. For beginners, however, navigating this dynamic and complex market can feel overwhelming. Fortunately, there are good online forex trading courses that provide structured learning paths for budding forex traders. In this article, we explore some of the best online forex trading courses for beginners, highlighting their unique features, teaching methods, and why they stand out.
Why Beginners Need Forex Trading Courses
Before diving into our course picks let’s take a look at why beginner traders need a course. Forex trading involves buying and selling currency pairs, such as EUR/USD, with the hope of profiting from exchange rate movements. Unlike stock markets, forex operates 24/5 across global financial centers, making it highly dynamic. Traders should understand technical analysis and risk management, and stay updated with economic news that drives market shifts. A quality course will be designed with these tenets in mind. With countless courses to choose from, we picked the ones that balance affordability, accessibility, and content depth. It’s time to go to our courses.
1. One Core Program by Asia Forex Mentor
Due to its transformative approach, the One Core Program, led by Ezekiel Chew, is widely regarded as a standout for beginners. Chew, a recognized forex expert, brings real-world experience and has spoken at major trading events. His course emphasizes a paradigm shift in how beginners view trading, focusing on universal principles applicable across all markets, not just forex.
One Core Program has a comprehensive curriculum covering price action, trade selection, and risk management. The ‘Road to Millions’ module guides beginners toward building sustainable wealth. The course also includes live market analysis and strategies Chew uses in his trading. This helps learners to bridge theory and practice. Chew’s course combines video lessons with actionable insights, keeping students engaged.
The program does a good job of simplifying complex concepts. Beginners learn to read charts with confidence and develop high-win-rate strategies. While not the cheapest option at $940, its depth makes it ideal for those serious about trading as a long-term pursuit.
2. The Forex Trading Coach by Andrew Mitchem
Led by Andrew Mitchem, The Forex Trading Coach is targeted at beginners and intermediate traders. Mitchem has a clear teaching style and he focuses on building consistent trading habits, making it easier for novices to grasp the essentials.
The lessons are well structured and cover chart reading, trade setups, and risk management in easily digestible modules. The course also offers weekly sessions of live webinars showing beginners real-time trading decision-making and is followed by question-answer sessions. Mitchem’s course comes with community and direct support from mentors.
I liked the course’s hands-on approach. I think the live demos that show how to spot opportunities and avoid common pitfalls will immensely benefit beginners. The course is also reasonably priced compared to other premium courses. The community aspect will be a source of encouragement during the initial learning phase.
3. Simpler Trading by Raghee Horner
Raghee Horner is a veteran trader with over three decades of experience. Her course offered on Simpler Trading is a perfect option for beginners who want conceptual clarity in forex trading. In addition to Horner, you will get plenty of other options to choose from on the Simpler Trading website. Horner has a knack for breaking down market complexities into actionable strategies, which sets this course apart.
Horner teaches trend-following and momentum-based trading, which is ideal for spotting opportunities in a volatile market. Her course includes videos, charts, and examples to explain concepts like support and resistance levels and moving averages. The course emphasizes repeatable processes to build confidence in decision-making.
Horner’s straightforward style resonates with those among us who are intimidated by technical jargon. Her course doesn’t try to overwhelm students with excessive theory. Instead, she focuses on practical steps to start trading right away. Past students largely appreciate the emphasis on finding bull markets, which simplifies pair selection.
4. BabyPips School of Pipsology
For those who are seeking a free option to feel the waters of Forex, BabyPips’ School of Pipsology is the go-to resource. This fully online course is designed specifically for beginners and the course delivery has a blend of humor to it.
Don’t let the price fool you. BabyPips offers structured modules, designed to progress from basic definitions to more advanced topics like technical analysis and trading psychology. It also contains interactive quizzes, which reinforce learning through fun, bite-sized tests.
BabyPips excels at keeping learners engaged with its lighthearted tone and clear explanations. The course’s self-paced nature is also a plus for beginners to learn at their comfort level. The course’s official forum provides a space to connect with other traders. It’s a fantastic starting point before investing in paid courses.
5. Forex School Online
Forex School Online is another great free option. The course is created by Jonathon Fox. He teaches a robust curriculum for beginners and focuses on price action trading. It is a strategy that resonates with novices for its simplicity. The lessons include topics like chart patterns, risk management, and trade setups. The course also offers demo testers and MetaTrader4 indicators to practice strategies. The self-paced program allows beginners to study without time pressure.
The course’s no-cost entry lets beginners explore forex without commitment. Fox’s emphasis on price action helps learners understand market movements intuitively, building a strong foundation for advanced strategies.
Final Thoughts
So, here’s our list of the best forex trading courses. To make our choices, we gave weight to clear instruction, the use of practical tools, and the engaging delivery of course content. The One Core Program by Asia Forex Mentor offers a deep dive for serious learners, while The Forex Trading Coach balances affordability with hands-on guidance. Simpler Trading’s actionable strategies suit those seeking simplicity, and free options like BabyPips and Forex School Online provide excellent starting points. We are using this opportunity to make a shameless self-promotion of the forex course we provide at IMFA. It’s one of the best, if not the best, online forex trading courses for beginners out there. You are encouraged to choose a course that matches your goals and learning style. Once the basics are clear, pair your education with discipline and practice, and you are good to go.
