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The Benefits of Forex Trading Tutorials

There are numerous forex trading tutorials are available online. For beginners, a tutorial provides a complete overview of trading forex, including guidelines, terminology, strategies, tips, and technical analysis.

trader at desk

A tutorial comes in a number of forms:

  1. They can be downloaded from the course provider’s website as a PDF for a leisurely read or browsed right at your computer desk.
  2. Tutorials are available online in a video
  3. Tutorial can come in an audio package

A forex trading tutorial is sufficiently insightful to give you a decent overview as the people behind them usually come from a trading background.

Many of the ideas and strategies available do not always have a mention in books. The forex trading tutorial method, through both audio and video, makes the learning process exciting and motivational and learning can be a realistic simulation of a live trading situation. Getting a basic forex education is vital before you start trading on a live account.

Finding The Best Online Trading Tutorials

Many membership-based websites also exist where forex traders can interact. These websites often provide a forex trading tutorial for a fee and sometimes even free. Here are five of the best online tutorial websites to consider:

1. The Forex Trading Coach

A highly recommended online tutorial called ‘The Successful Trader System’ which includes live trading room webinars

black and white chart on a screen

2. Forex4Noobs

It targets helping novice forex traders in understanding how price action works through analysis and tips.

3. Trade with Precision

A selection of training courses and tutorials that shows you how to develop strategies, risk management techniques and having a trader mindset

4. Learn to Trade

A forex education site with free resources and tutorials that cover the needs of anyone new to forex trading

5. Market Traders Institute

If you are looking to take your forex education to the next level and learn about software and strategies

6. Youtube

Youtube provides many short video tutorials, and is another free resource for your consideration.

Here is an excellent 1 hour Forex Tutorial video from Youtube – The beginners guide to forex trading

Moving Forward to Live Trading

It is essential to open a trading account with an online forex broker once you develop proficient forex knowledge through tutorials.

Most brokers provide you with a demo account to test their software before you commit to opening an account and trading with your capital.

It will allow you to test your trading knowledge and start developing strategies and techniques through testing leading to your successful trading system.

Final Thoughts

Trading tutorials are essential as without learning the basics of forex, you cannot trade without incurring losses on your brokerage capital account. Although knowledge is vital, you cannot trade without a trading strategy. A trading system will allow you to trade with discipline and without emotion.

Trading is a two-step process. Build knowledge and then build a trading strategy.