Forex trading is a massive market with billions being traded in foreign exchange every day. It is also a lucrative proposition with a lot of people regularly taking the plunge. However, contrary to the common perception that if you can speculate right you can become a millionaire overnight, Forex trading is no get-rich-quick scheme.
Regardless of whether you are a beginner just testing the waters or a seasoned pro in Forex trading, enrolling in the best Forex learning course to pick up the many intricacies of trading is essential. It will help you to know more about the trading tips and strategies that apply to online Forex and currency trading as well as ensure that you are well aware of the useful indicators and potential pitfalls.
This post will take you through the main aspects of why you should opt for Forex trading and what the top Forex trading courses like the ones at Market Masters Academy have to offer.
For beginner Forex traders, before joining a trading Forex course it is necessary to know the benefits of Forex trading as compared to other opportunities in shares and securities, stocks, commodities, and metals. The Forex market offers a chance to the day trader to speculate on the economies of a particular region and by default on the foreign exchange markets.
Most critically, there is no central Forex exchange and hence traders get the scope to trade in currencies round the clock. This is one reason why in our best online course for Forex trading, you will get the assistance of a personal coach 24/7 to provide advice whenever necessary.
Here are some of the compelling reasons why you should trade in Forex.
The four majors are EUR/USD (euro/dollar), USD/JPY (dollar/Japanese yen), GBP/USD (British pound/dollar), and the USD/CHF (dollar/Swiss franc). Additionally, there are three emerging pairs like AUD/USD (Australian dollar/dollar), USD/CAD (dollar/Canadian dollar), NZD/USD (New Zealand dollar/dollar). You can see that the USD is present in the major currency pairings, simply because it is the leader among the world’s reserve currencies and is present in about 88% of all Forex trades globally.
Join a Forex trading training course of Market Masters Academy and get to be an expert. The right time to do so is NOW.
By the rule of thumb, the top Forex trading courses are provided by institutes that are stable and will not promise you the earth once you go through it. “Join our course and grow your money 400%” is one such commonly heard example. You have to be very careful when choosing the institute as many scams take students for a ride.
To get around the possibility of getting trapped in one of those, here is a list of do’s and don’ts to follow before your reach for your credit card to pay for what you think is one of the top Forex training courses.
Check the modules being offered by the Institute. These are what you should look out for.
Many courses leave you to try trading on your own once you finish the program. But not in our best online Forex trading course! We will provide continual mentoring and support and help you to initially set up your account. As Forex trading can be carried out round the clock, top-of-the-line courses provide personal coaches 24/7 for guidance if you do need help at any time.
Since your money is on the line when you enroll for the best Forex trading course you have to ensure that the program is as per the code of ethics laid down by regulatory bodies. In the USA, there is the SEC, the National Futures Association, the Futures Industry Association, and more. There are similar bodies in Australia, Great Britain, the European Union, and New Zealand. This certification vouches for the credibility and authenticity of the Academy offering the best Forex courses online.
Even though you have the flexibility to trade in Forex round the clock, 5 days in a week, you can only do so when the specific pairs are active and there is enough volume. Generally, volumes are low on weekends. For example, it is only at specific hours that the GBP/USD pair sees enough volatility to create profits that might cancel out the commission costs and bid spreads. If you don’t follow the trend, you will miss out on lucrative opportunities to strike it rich. This aspect is dealt with in detail in our currency trading training course.
Another reason why the Forex market is considered to be open 24 hours a day is because of the varying time zones in which trading happens. Be ready for voluminous trading activity in the EURO/GBP pair when the UK and the European markets are opening. Similarly, you can shift your training patterns when New York opens up. This is when the USD and the Canadian dollar will light up your trading platform. Hence, every market does not simultaneously trade in all currencies. Rather different Forex pairs are traded actively at various times making it a round the clock affair.
So how will you know when to ease into major markets in your time zone? Given here are the various Forex Trading sessions with each having a unique “feel” of its own. This module is extensively discussed in top Forex trading courses.
The London and New York crossover generates high liquidity and volatility as financial institutions trigger Forex contracts that are based on the release of critical fundamental data.
What is a Forex signal? It is a proposal for trading on a currency pair at a particular price and time. It is generated by a human analyst or by a Forex robot of a signal service provider and communicated to you quickly via email, website, SMS, or Tweet. The benefit of subscribing to a service provider is that you follow the trade patterns of their 6/7 figure professionals and latch on to the perfect trade instead of waiting for hours before the computer for it to happen.
Market Masters Academy is a leading Forex signal service provider and offers one of the best Forex signals courses. Some of the multiple benefits you get are –
That’s not all. We guarantee 250+ pips per week, access to trading platforms across all your devices, VIP access to our Daily Market Analysis Room, and 24/7 support from a Personal Success Coach.
If you are looking to take your Forex trading experience to the next level and be a pro in this field, our Forex training courses will be a perfect fit. This is regardless of whether you a beginner testing the Forex trading waters or an expert trying to break into the big league. There are over 20,000 students who have greatly benefitted from our top Forex training courses.
Market Masters Academy has a range of courses and plans to suit any need and budget. We have legendary Forex trader and young millionaire Ricky Andrade at the helm of affairs to guide and train you. It is thus no wonder that hundreds have quit cushy jobs to join our best Forex courses online and live the lives they have always wanted to.