Should I Take An Online Forex Course Or Not?

If you have started trading because you saw people on Instagram posting how much money they are making in forex, you might run a risk of approaching forex in the wrong way. That, may lead you to ignore taking a professional forex course that will help you start your journey on the “right” foot.

Taking a forex course starts with one making a thorough research of the type of online courses that may suit them. Here are some few things I looked out for when I my research:

What type of trading strategy will I be taught? Is the strategy proven to be profitable over time? Is the strategy a short term or long term trading strategy?

What type of risk management approach will I be taught? Will I be able to table a trading plan of my own after taking the course?

Are there any trader psychology trainings?

I can assure you now that for me to make the crossover from being a loser to a consistently profitable trader it took more psychological discipline than anything. Every strategy in trading has its own drawdowns and if you are not mentally prepared to handle such situations, you will end up moving from strategy to strategy thinking you will find the perfect one that doesn’t lose trades.

Are you advised to trade the strategy right away from a demo account and back test it yourself, so that you can gain confidence by the time you trade it on a live account?

If those boxes are being ticked as you look and more other of your own, then I believe you are probably going to make the right choice and avoid wasting money on scam courses.

A well put forex course can really help forex traders who are seriously looking to scale up their trading skills to achieve their trading goals. It is therefore, vital to ensure that you do your due diligence because there are many online courses out there.

That was just my few pointers, what else do you look out for before pressing the “buy membership button” on a forex course?