Home Business Insights & Advice What should you look out for in a Trading education course

What should you look out for in a Trading education course

by John Saunders
17th Mar 21 5:33 pm

Nirav (NV) is an experienced trader who left the City behind to launch his own professional grade trading education through G7FX

Common mistakes by aspiring traders is to assume that their existing financial knowledge is enough. But it’s so important to learn the ropes first if you’re coming fresh to trading the markets.

There is no substitute for learning the basics first. When you’ve fully grasped things like spread-betting and contracts for difference, you should move onto the more complex technical analysis tools. I know that it’s tempting to dive right in, particularly if you come from a financial background. But a trading education course should be considered an investment in and of itself. Think of it not as an extra expense but a way to ensure you get the returns you deserve.

No substitute for a Trading education course from a reputable trainer

Virtual trading platforms, such as Oanda, eToro and IG, do give some assistance through demo accounts. These allow those new to trading the markets to access free guides and try out the strategies without risking real money. And these are really useful and good for total beginners.

I would always advise spending time with the virtual trading tools available so that you can get a good grounding in the way trading works. But to truly develop a trading strategy that will get you the returns you want, you need to find a trading education platform too.

However, it’s also important to ensure you pick the right third-party online trading education provider. When I left the City behind, I was shocked at the quality level of the trading training courses that are easily accessible. It can be difficult to differentiate between the bona fide course you need and platforms that are run by good marketers. It’s not that these education providers give you incorrect training, but they are often out-of-date and simply are no longer relevant for today’s trading market.

The trading education sector is still unregulated and given the volatility of the market over the last 20 years, means that traders would benefit from training from reputable educators. All of this is why I created G7FX trading education courses. Split into foundation and advanced categories, the courses offer professional level training from someone who has lived the market for years.

Courses must be relevant to today’s trading market

I’ve created what’s actually relevant to you as a trader in 2021. There is so much information out there, it can be confusing and overwhelming. The temptation to spend money on courses that appear to be reputable can overcome due diligence. My advice would always be to look into the educator and figure out whether you can really get what you need.

You need to avoid any outdated training courses that are no longer suitable for trading in today’s market. Much has changed since 2008 in trading, and of course, we are currently dealing with a number of socio-economic challenges at a global level.

Becoming a successful trader is down to your talent, your experience and your willingness to learn. If you start out by learning what not to do you will have a much greater chance of achieving your goals.

G7FX Trading education courses are developed by an experienced trader

This is what I think you need to look out for when you’re selecting a trading educator. And whether you’re interested in trading full time, on the side, or just to try it, always do your due diligence and learn as much as you can first. No matter how experienced you are in the general financial sector, ensure you take advantage of high-quality trading education.

G7FX offers two courses: Foundation and Pro. Here’s a brief rundown of what they contain.

  • G7FX Foundation – if you were to walk into a trading firm and learn from the ground up, that’s what this course contains. Tradition Retail education tells you to jump straight onto the charts and learn how to buy and sell. This is precisely the wrong approach.

Instead, trading education courses should start by building a detailed strategic timetable and business plan. This includes research different institutions and ensuring that the training is tailored to what you need. The next step involves going back to the raw data and understanding how it drives markets.

  • G7FX Foundation takes at least three months, and essentially replicates the first few weeks you’d experience at a professional trading firm. There is no actual time limit, however, so it’s flexible and accessible whenever you can fit it in to your schedule.

The Pro Course encompasses what you would be introduced o if you spent more than six months at a professional trading firm. This includes more advanced volume analysis. Because I went through this process at a professional institution, I can guide to through the course. And this is what you should look for in a trading education course.

Whichever you decide to go with, make sure that the people behind it have the experience and the knowledge to help you get prepared for trading in current market conditions. It’s no good learning old fashioned, outdated trading techniques and strategies. You’ll just be wasting your money.

Any trading educator should offer plenty of ongoing support with the functionality for you to ask questions along the way.

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