Free Forex Trading Lessons
Forex trading is the act of buying and selling currencies. Traders buy one currency using another currency, thus forming currency pairs. Forex trading market is one of the world’s largest financial markets and has a daily turnover of over $5 trillion. Therefore, forex trading gives ample opportunities for traders to trade and make money.
Like other forms of trading, forex trading also comes with its own set of challenges and setbacks. Traders must undergo intensive training in forex trading to overcome the difficulties. Many academies offer free forex trading lessons and prepare new traders for the adventurous world of forex trading.
What are free forex trading lessons?
Free forex trading lessons consist of various courses for aspiring and experienced forex traders. The free trading lessons cover the basics of foreign exchange and forex trading strategies. They explain to traders how the forex market works, how to analyze currency and its pairs, how to form strategies, and how to make money trading forex.
Forex can be traded in the form of futures, options, or spot contracts. Thus, free forex trading lessons encompass futures trading lessons and options trading lessons free of cost. Traders who undertake free forex trading lessons become prepared for all aspects of forex trading and to establish themselves as professional and profitable traders.
What Is The Difference Between Day Trading And Forex Trading?
Many online and in-person training academies offer free intraday trading lessons and free forex trading lessons. Although day trading of stocks and forex trading are quite similar in terms of price movements based on supply and demand, yet the primary process varies to a large extent. First and foremost, the options for stocks to trade are vast while there are only a limited number of forex currency pairs that get traded.
Both day trading and forex trading rely on instant upward and downward price movements for making money; however, forex trading is more liquid with low margins and high leverage. Forex traders do not need to wait for a big move to enter a position and they also pay lower commissions compared to day traders. Therefore, forex trading serves to be an excellent alternative for budding traders and free forex trading lessons assist them in achieving their goals.
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Free Trading Courses of Tradenet
Tradenet is one of the world’s leading trading academies. It banks on decades of experience of its top traders and analysts and imparts extensive education and training to its traders. Along with the access to the live trading room, hundreds of YouTube videos, and trading tools, Tradenet is known for its valuable education programs.
Tradenet provides free intraday trading lessons to its users. The free course includes an introduction to day trading, trading methodology, technical training, market indicators, volumes & trends, and other basic concepts of trading. Traders also get access to quizzes, news, interactive training, and on-demand videos.
The YouTube channel of Tradenet includes several free videos on how to day trade and how to trade forex, like the video on Trading Forex News.
Tradenet’s Forex Trading Course
In addition to free forex trading lessons and other free trading lessons, Tradenet offers an extensive course in forex, commodities, and EU markets trading. The Forex, Commodities & EU Markets Course teaches traders to become professional forex traders and to understand commodities markets and EU markets.
The forex trading course of Tradenet consists of three live three-hour sessions, along with access to recorded materials and two-month access to the live trading room. The curriculum structure includes the basics of forex trading, commodities trading, and EU markets trading. It also delves deeper into explaining advanced trading orders, technical analysis, technical patterns, and market fundamentals. The course also helps traders understand risk and reward management and global market interactions.
The most significant aspect of Tradenet’s forex course is that traders can take a free 14-day trial and, if satisfied, pay for the course. Promising traders also become eligible for a funded trading account.
As a bottom line, Tradenet offers extensive and useful free trading lessons, including free options trading lessons, free intraday trading lessons, and free forex trading lessons. Additionally, traders can also become a part of the paid forex courses of Tradenet and take their trading to the next level.