Forex Education Australia – Easiest (and Best) Way To Learn Forex in 2020

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Best Forex Course

Nothing can substitute experience. The best way to learn forex trading is to subscribe to our Free Forex Newsletter. You’ll be provided with the latest information every trading day. Over time, the information will give you a feel on what’s important and what are moving the markets.

Meanwhile, in addition to the information provided in our site, the best could be found in our broker partners. Here are some forex educational resources that you’ll find useful:

Pepperstone In their site, there is a section “Learn to Trade Forex” dedicating on the most basic information on forex trading for the absolute beginners. Topics covered include how trading works, fundamental and technical analysis, simple explanations on technical indicators and key components you will need to get started.

In addition, there is an advanced “Trading Guides” section covering more advanced topics. Some examples are “Forex Day Trading Strategies”, “How to Quickly Identify Trading Opportunities”, “How to Develop a Trading Plan”, etc. Highly recommended.

XM In their site under “Research a& Education” section, there is a whole part dedicated to MT4 training video tutorials. The videos cover the most basic things like setting up MT4, to advanced topics like customizing the MT4 platform, as well as trailing stops.

Orbex Orbex provides a number of free Forex e-books under Online Trading Tools section of their website. Some like “A Forex Market Overview”, “A Guide to Strategic Forex Trading” are good for beginners. Others like “Money Management for Forex Traders” and “Using Candlesticks Charts to Trade Forex” are good for intermediate to advanced level traders.

Best Forex Trading Courses

If you’re looking to get started in forex trading, an online forex trading course is a great way to introduce yourself to the market while avoiding costly beginner’s mistakes.

Sarah Horvath
Contributor, Benzinga

Get up to 90% off of Udemy’s Forex Trading A-Z course

Get up to 90% off of Udemy’s Forex Trading A-Z course

Benzinga’s exclusive offer gives readers access to one of Udemy’s best selling Forex trading courses, perfect for any skill level from beginners to advanced. Along with live examples and personalized resources, you will also get lifetime access to the course information which is constantly updated.

As the world becomes more and more interconnected and countries begin to rely on imports and exports to keep their economies functioning, forex trading has risen up as a popular alternative to stock trading. Forex traders enjoy the freer schedule that comes along with the decentralized currency market, which forgoes the traditional 9-to-5 schedule on which Wall Street operates.

The Best Forex Trading Courses You Can Take Right Now

  • Stock Day and Swing Trading Course by 2ndSkies Trading – Get it now
  • “Forex Trading A-Z” from Udemy – Get it now
  • Brooks Forex Trading Course – Get it now
  • Platinum Trading Academy –Get it now
  • Bizantra– Get it now
  • Learn to Trade– Get it now
  • Forex School Online– Get it now
  • Six Figure Capital– Get it now
Find an Online University

An online course is a great place to start. But which forex courses are worth your time and money? We’ve reviewed some of our favorite online forex courses as well as some tips to help you separate the legit instructors from the scammers.

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Characteristics of a great forex course

Though most online forex courses will come along with their own unique teaching method, language choice, or “gimmick” to attract their target market, valuable and educational courses all share these three common characteristics:

1. The instructor keeps the material fun and engaging

Holding a student’s interest is much more difficult for an online instructor to do than an in-person instructor, as online courses must compete for a limited pool of attention with everything from television screens to children running around.

The best online courses use live demonstrations, video recordings, graphs, and other supplemental materials to break up massive walls of text and keep the students engaged.

2. The course is mechanically fully functional

Unlike a textbook, which allows you to flip to the material you need and dive in, online course material requires the instructor to possess a certain level of technical proficiency.

The best online forex courses keep the material up to date and fresh by ensuring that all links work and video clips play without excessive loading times or constant buffering.

Bonus points can be awarded to the courses that format materials for mobile or offer separate downloads aimed at on-the-go learners.

3. The course material is professionally presented

You can tell how much an instructor cares about his or her material by how professional its presentation is.

Keep an eye out for spelling errors, text that’s in an unusual or unreadable font, poor design choices, and material that seems to proceed in an illogical order, as these are all signs that the instructor has not thoroughly proofread his or her material.

If the instructor can’t be bothered to care about the course’s content, how can he or she expect his or her students to?

Our picks for the best forex courses

Based on the criteria above, we made our picks for the best forex courses available on the web at a wide range of price points.

1. Stock Day and Swing Trading Course by 2ndSkies Trading

Who it’s for: Beginner to intermediate traders

Price: $375

2ndSkiesForex’s Stock Day and Swing Trading Course teaches you how to consistently find trade setups and build a profitable edge from trading stocks. You can:

  • Learn a meta strategy for trading any market or sector
  • Use trading strategies for day and swing trading stocks
  • Get access to 2ndSkies Forex trader webinars

Chris Capre, the founder of 2ndSkies Trading, is the instructor for this course. He’s been trading for 20 years, is a former broker on Wall Street, traded for a hedge fund and been teaching traders to become profitable for the last 12 years through 2ndSkies Trading. He focuses on using his extensive trading experience, his training in neuroscience and his strong pattern recognition skills to teach you how to trade stocks profitably.

2. “Forex Trading A-Z” from Udemy

Who’s it for? Beginning to advanced traders

Price: $12.99

“Forex Trading A-Z” is an in-depth course to teach you the complete ins and outs of the entire forex market, including how to trade and make money off currency movements.

Whether you are starting at the beginning, or looking to brush up your skills and get the most relevant information, “Forex Trading A-Z” is a lifetime subscription where Kirill Eremenko, your instructor, gives you unlimited lifetime access to his constantly-updated content.

Eremenko wants to show investors proof that trading forex can truly make you a profit. His course includes detailed lessons about currencies, charts, bulls & bears, short selling, a review of honest brokers to use when trading, how to read the Calendar of Economic events to master the diverse and worldly marketplace, a Forex Market Hours wallpaper for your timezone, and much more.

Whether you’re new to everything Forex or looking to add to your ever-growing understanding of trading international currencies, Eremenko is bringing over seven years of experience to your home through his Udemy course.

3. Brooks Forex Trading Course

Who’s it for? Beginning to intermediate traders

Price: $349

You’ll learn price action trading taught by industry expert and professional trader Dr. Al Brooks in this Brooks trading course. With this course, you get 121 videos and 59 hours of online video. You’ll learn price action fundamentals and how to trade forex price action tips.

The Brooks Trading Course is the most comprehensive source of information on reading and trading price charts.

4. Platinum Trading Academy

Who’s it for? Beginning to professional

Price: Free

Though Platinum Trading curriculum is written with an English audience in mind, American students will find their courses equally as engaging and educational.

PTA offers a wealth of trading tools, blog posts and video lessons available for free on its site—great for giving students a “feel” for the tone and material of instructors before committing to a purchase.

PTA offers a number of levels of forex trading courses, ranging in prerequisite knowledge from “total beginner” to “seasoned professional.”

The most unique aspect of its educational offerings is its “Trading Television,” which provides traders with real-time tips and demonstrations.

From live trading bulletins that offer daily recommendations on which currencies to buy and sell to live chats and interviews with senior trading experts, Platinum Trading Academy’s offerings are exceptionally diverse and a great fit for any forex trader, no matter their skill level.

5. Bizantra

Who’s it for? Beginning to advanced traders Price: £99, sponsored packages available

Though many forex traders are attracted to the international currency market because it allows them to trade on their own time, Bizintra places focus on the importance that live demonstration has on a trader’s understanding of the forex market.

The cornerstone of their platform is the “signals and trades room,” where students can tune in live with seasoned traders Jason Sen and Nick Leeson, each of whom have over 30 years of experience working in the financial and trading industry.

Live trading sessions are also supplemented by on-demand video tutorials, trade reviews, and training courses that focus not only on helping traders understand the strategies and technical indicators they’ll need to know to be successful, but also helps them build confidence in their knowledge as well.

Subscriptions to Bizintra’s platform and ongoing educational resources are sold on a monthly basis and start at about $130 USD a month. The site also offers a limited number of “sponsored packages” each month, which come along with no fees or contracts.

If you’re serious about trading but don’t have the funds to commit, applying once or more for sponsorship can be your ticket to Bizintra’s offerings.

6. Learn to Trade

Who’s it for? Beginning traders

Price: Free trial, then fee for the mentorship program

Learn to Trade is an Australian-based platform that’s great for absolute forex beginners.

Though more experienced traders might find the introductory information to be of little use, Learn to Trade’s lead instructor Greg Secker’s teaching style is fun, easy to follow and dynamic, distilling complicated concepts into more digestible “bites” of information.

Learn to Trade offers a few introductory lessons for free before introducing students to their paid mentorship programs. If you’re located in Australia, you can also pop in at one of their free trading workshops.

Learn to Trade also offers one-on-one forex coaching and training as well. While this is a more expensive option than most other online courses, it might be the right choice for a student who requires a more individualized approach to learning or who needs that extra push of confidence and motivation.

8. Forex School Online

Who’s it for? Beginning to intermediate traders

Price: Free

As its name suggests, Forex School Online is a website devoted entirely to helping students grasp the basics of the forex trading sphere. Forex School Online offers two courses: a beginner’s course aimed at novices that’s available for free, and a more advanced trading course that covers strategies, technical indicators, and the psychology of forex trading.

Perhaps one of the most unique and standout aspects of Forex School Online is the support that lead instructor Johnathon Fox offers his students.

Enrollment in Forex School Online’s “Price Action Trading Course” gives students direct access to support from Fox via email, and he’s open and available for both questions and comments regarding the site’s functionality and how it can be improved.

9. Six Figure Capital

Who’s it for? Beginning traders

Price: £800 for a lifetime membership

Six Figure Capital’s strengths lie largely in its design and aesthetics—the website and sample platform look great, and you can tell that Lewis Glasgow has poured a ton of passion into his project.

Presented in a straightforward and simple format, Six Figure Capital offers a 14-day crash course in entering the forex market, along with a number of trading strategies and lessons on indicators.

Though the course is shorter than most other options included on the list, it manages to pack a massive amount of information into its material without overwhelming you. Students also have access to a community forum, live market analyses, and nine supplementary modules.

You can finance your education via a one-off fee, or you can take advantage of Six Figure Capital’s payment plan that makes tuition more affordable by breaking up payments into 12 monthly “chunks.”

Final thoughts

More so than any other market, the forex trading sphere is dynamic and changing on an hour-to-hour basis.

The best forex trading courses don’t just teach you the technicalities of how to operate the platform and choose which currencies are worth investing in—they also offer you information and reliable, unbiased sources for the news you need to understand why the global economy is moving the way it is.

A single corporate decision, new tax policy, or election in any country can affect what your money is worth. Looking to learn more about the forex market before you commit to an online course?

Check out Benzinga’s crash course in forex trading or follow our forex trading breaking news feed to get a grasp on the global economy before you buy.

Category: Forex education

3 Ways to Improve Your Trading in 2020

Around this time of year, we often review the past year and also look forward to the next. We look at achievements and goals and at ways to become a better trader in 2020.

Change is the only constant

There are many ways to step up my trading game but for me, 3 themes stand out. In the past, these 3 things have resulted in the biggest positive change in my own trading.

As we are moving into the new year, I wanted to share these with you.

My 6 Step Trade Entry Process Explained

Last week, I tweeted what I see as my trade entry process. This was the tweet:

For every trade, I structure my process from 1 to 6. Each step isn’t possible without the previous one. Anytime, certain price action can invalidate the entire setup and make me abandon it.
1. Analysis
2. Directional bias
3. Trade plan
4. Entry filters
5. Entry criteria
6. Trade

Since then, I got so many questions that I wanted to take a moment to write in more detail how I use this process to make better trading decisions.

Risk, R and R-multiples explained

If you ask me how much pips I made last month, I will tell you I don’t know.

But I will know my R-multiple of last month: a 6.1R profit. This R number often results in confused looks. What does R stand for?

In order to figure this out, we need to take a step back and look at our performance and its relationship with risk.

Risk and Reward To Risk

When you say that you made a 50 pip profit, that only tells me part of the story. The key piece of information that is missing here is how much you risked to make this profit. After all, a 50 pip profit is a good result if you had a 25 pip stop loss but if your stop loss was 200 pips, you risked a lot to get a relatively small reward.

5 Tips To Develop Better Trading Habits

Imagine the following scenario: you’re starting the year, completely motivated. This is going to be YOUR trading year! This is the year where you will make it happen.

When you look at your trading, a few things need to be fixed, though. You know you should start a trading journal. You need to stop revenge trading. Cutting losses is still hard to do. And really, your trade management is pretty subjective so your trading plan needs some work.

You need some solid trading habits but more importantly, you need to look at ways to stick to those newly created habits. Everyone who has ever tried to lose weight, stop smoking or exercise knows this all too well:

It’s easy to start a habit but harder to stick to it

MT4 EA Course: ATR Stops And Position Sizing

This article is part of a series. Here are the other parts:

Welcome to the fifth part of our MetaTrader4 Expert Advisor course! If you haven’t done so, please have a look at the previous instalments.

Looking for a video course instead?

We’ve been doing pretty well with our expert advisor. We created a fully functioning EA that can make buy and sell orders, and also can trail our stops. However, up until now, we’ve always used a fixed stop loss of 50 pips.

That might often be ok but what if you want a dynamic stop loss? In order to better reflect the market dynamics, we could use a volatility indicator such as ATR (Average True Range) to determine our stop-loss.

When we use dynamic stop loss distances, we still want to keep our risk per trade the same. We do this using dynamic position sizing. In other words, we will change the lot size per trade to reflect our desire to use a 1% stop loss. Let’s see how we can add this to our Wall-E expert advisor!

Forex Outlook for August 26: Trade Review And 5 New Setups

Hi traders! �� Last week was a solid trading week and we’ve got some nice results from the setups I published. It feels like the market has come back alive this week! With a total of 9 trades, I could end the week with a 6.59R profit. Moreover, the best feeling ever is to see my Trade Advisor students make real profits too, well done! ��

This is my performance overview for August:

  • First week: +2.82R
  • Second week: +6R
  • Third week: +0.57R
  • This week: +6.59R

This brings the running total for August on a 15.98R profit, with still a few trading days to go. After a couple of months with more moderate profits, it seems that the market is back with us! This goes to show that regardless of summer months, I just trade my plan and that’s it. Imagine skipping August just because of the summer months and missing out on these very nice profits!

Forex Outlook: 5 Top Setups For The New Week

�� Hi traders! After another week of trading, it’s a wrap! It was quite a challenging week with a trade in USDNOK not working out but a good trade in AUDCHF that resulted in a 2R profit. However, we still managed to come out on top and end the week with a profit. ��

As we prepare for the new trading week, I want to share a number of setups that are part of the Trade Advisor program. The students actually got 12 setups and this is a selection of 5 of those setups. I hope you find them useful!

If you want to learn everything about the strategy, including how to place stop loss and take profits and how to manage trades, check out the program (which currently has a one-week free trial)! Have a good trading week everyone!

Trade Review And 4 Setups For The New Week

�� Hi traders! After last week, we’re back to reviewing our trades and planning for the upcoming week. How has trading been for you in the past 5 days?

As we roll into June, the Trade Advisor students again had a pretty nice trading week. I closed the week with a +4.89R profit and this makes me end the month of May with a nice +8.17R profit. Let’s go over the trades I took right now in the trade review section!

The Best Reversal Trades For The Upcoming Week

Hi traders, what’s up! �� After a semi-holiday week in Kyoto, ⛩ I’m back in Tokyo and ready to rock the charts again! ��

This week, the Trade Advisor students have received 16 (!) setups and some of them are real beauties! Many of them are on the 4H charts, but there are trading opportunities on the 1H and daily as well, so there’s something for everyone!

In order to show how the Trade Advisor students and I trade, I wanted to share a few of those setups. Feel free to use these reversal setups as inspiration on what to trade next week �� But enough talk, let’s get started!

A post shared by Smart Forex Learning – Felix (@smartforexlearning) on May 4, 2020 at 6:00pm PDT

Some Setups For This Week (+ Trade Review)

Hi there, traders! Last week was a bit slower than usual. Friday was basically a day off due to Good Friday holiday and most of the setups played out on the 4H and daily timeframes.

This made for a more relaxing trading week and even though the number of setups that materialized was a bit less, we were still able to find some trading opportunities to get a decent enough result.

A post shared by Smart Forex Learning – Felix (@smartforexlearning) on Mar 29, 2020 at 8:04pm PDT

Last week, I had three winning trades and a few smaller losses. Due to my habit of cutting losses fast, I still ended the week positively with a 2.38R profit.

Trade Advisor: Learn to Trade

About Felix

I’m a full-time, independent forex trader. I’ve been trading for over 10 years and specialize in price action trading, reversal trading, trading psychology and algorithmic trading.

If you’re determined to become a pro trader, I offer a select pro trading program.

When I’m not trading, I’ll either be travelling the world or rock climbing (likely both). Read my story here.

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