Forex trading is a skill that requires constant practise and extensive guidance. Most beginner traders have a hard time generating worthwhile profit through their trades simply because they need to learn more about how things work in the forex market. As time passes by, forex is becoming more popular among Indian investors who are constantly looking for ways to learn about the pros, cons, and know-how associated with foreign currency trading. Fortunately, the internet has a plethora of routes to assume if you are a forex enthusiast. Let us find out which forex trading course in India can help you become a better trader in less time.
Forex trading courses in India
Like any other online classes, forex trading courses exist to teach people everything worth knowing about how forex works. As you begin your search for a comprehensive and extensive forex trading course in India, you will find the following options as results:
- Forex trading online courses for newcomers.
- Books about forex trading with examples.
- Educational videos for beginner forex traders.
- Educational resources offered by forex brokers.
Any of the results can provide inexperienced traders, an insight into the world of forex trading. With the help of a functionally complete forex trading course in India, it becomes easier to cruise through the currency markets and come up with a decision while trading. Following any of the above routes would leave you knowledgeable in terms of forex trading but some traders are always looking for the easiest and fastest way to learn things about forex. Following consideration can help them choose properly.
- Quality
If a learning course you have picked lacks overall quality, then it is just a waste of time to continue. Finding quality forex-related courses means it should be available for global investors (not restricted) and include all the important topics that one needs to know. The presentation of a course also says a lot about its quality.
- Popularity
Choosing a popular forex trading course from a reputed source can never go wrong, especially if you intend to get only basic forex knowledge from that course. One should check how many people in the past have signed up for the same course and glance through the feedback provided on the website. Remarks from similar-minded forex enthusiasts can determine whether a course is good enough or not.
- Easy to understand
If you wish to learn forex trading through a course, then it must be easy for beginners to understand. Finishing explanatory courses requires time and commitment and one should not put up with a course that feels rushed, leaving one confused. Always make sure that the course you are signing up for goes through every little aspect of forex trading in absolute detail.
- Doubt clearance
Doubt clearing sessions ensure that the individual taking the course is focussing on every little detail mentioned in the course. Through this, one can get answers from their mentor regarding anything related to forex one-on-one. Although there are very few courses that offer doubt clearing available certainly such courses are better than normal ones.
- Less reading material
It is a fact that digitisation has changed everything including how people learn things quickly. The pandemic situation has influenced online learning scenarios and because of that, there is less reading material involved in most of the new courses about forex trading. this is a good sign for those who
- Practical examples
Courses that allow people to do some practical exercise are better than text-heavy ones where all you do is listen, take notes, and read them. In forex, there are many technical indicators involved. Figuring out what each of them means and implementing that knowledge into your forex trading strategy requires practise. There are quality online courses that include practical problem solving as a part of its syllabus to help traders learn properly.
- Free or Paid
When you begin searching for a forex trading course in India, there are two main options to choose from and that is whether it should be free or a paid course. There are no assurances that a free course would cover every single important aspect of forex trading. Similarly, there is no guarantee that a paid course in forex trading is going to be functionally complete. All that matters is that people examine the course syllabus to better judge the quality of a course.
- Legally approved
Forex-related courses that are approved by some legal entity maintain high standards when it comes to including only fact-checked information. Such a course is kept up-to-date considering all the recent changes in different jurisdictions about forex. If you ever find yourself with an option to choose a legally approved or recommended forex trading course in India, make sure to go along with it.
Places To Find Forex Trading Courses in India
Although the internet is a great place to start looking for forex trading courses but in the following section, we have listed some other places where it is possible to get a forex-related course.
- Universities
Several government-approved universities have rolled out free/paid courses for the benefit of the common people. Such courses include many popular and most-searched topics such as cryptocurrencies and even forex trading. These courses are usually provided offline from some of the best technical universities such as IIBF, ICAI, and Pondicherry University.
- Private Institutes
In India, one can find forex-related courses provided by recognised educational institutes for enrolment effortlessly. Some private institutes whose domains are mostly Business Administration provide forex trading and forex management courses. Such courses are online-based and often found to be a bit expensive than government-approved courses.
- Online learning
As the most popular way of learning anything these days, online course providers have helpful and diversified forex-related courses to educate first-timers proficiently. Websites like Udemy, edX, Coursera, and others have an extensive collection of helpful courses on forex trading (paid and free). Learning from online courses through Udemy and/or other platforms allows people to develop skills and master the subject in record time.
Brokers With A Good Educational Section To Learn Forex
Top-tier forex brokers allow their clients and especially new users to learn forex trading using their platform by introducing them to a collection of educational content, unlimited demo account, and 24/7 support. Below are 2 popular brokers that are known best for their informative features.
XM
XM Global has millions of active traders despite being a relatively new forex broker that joined the industry in 2009. This broker caters to forex enthusiasts living in 190 different countries across the globe and provided multiple assets for trading. Its renowned learning section makes it one of the best FX brokers to use for learning. It supports multiple online trading platforms that allow traders to experience flexible trading conditions.
Features:
- Authorised by ASIC, CySEC, and IFSC.
- The minimum deposit to start trading is $5.
- Feature-rich demo account for practising.
- No rejections and re-quotes during order execution.
Open a demo account at XM and get $100,000 virtual funds.
HotForex
HotForex is an all-in-one forex broker that offers a wide range of functionality through its versatile trading platform. It came into being in 2010 and is currently recognised as one of the best performing regulated brokers. Though it supports a limited number of assets its additional features compensate for it.
Features:
- Minimum deposits start at $1.
- Strictly regulated by CySEC.
- Offers a demo account for educational purpose
- Spreads are as low as 0.0 pips
- The maximum leverage of 1:1000.
- 0$ fees on deposits made by users.
- Negative balance protection for traders.
- Segregates client’s funds to avoid losses.
- Video tutorials and other free forex guides.