Warning

• Like many professions, you can find many "free" courses for Forex education and training on the Internet. Look for reliable organizations that verify the legitimacy of Forex training programs. It is not just enough to believe the testimonials and other promotional language you find on a Forex trading website.
  
  

Learn Online

• One way to learn Forex is to seek multiple sources of information from Forex niche websites. Forex Capital Markets offers a daily blog and electronic resources. Its FX power course includes 60 videos, webinars with a live instructor, homework assignments and forums for exchanging information. The Market Traders Institute Inc. offers an educational alternative to Forex capital markets. Its programs include downloadable materials for beginning, intermediate and advanced traders. Other services include a free ebook, a quiz to test your Forex knowledge and a Forex Advisor. Both websites offer the new trader steps to getting started with a free trading account.
  
  

Analysis

• Forex courses teach beginning traders how to use information from Forex advisers to make decisions about what currencies to buy and sell. You need skills such as how to read and interpret charts, how to look for patterns and how to keep track of patterns that work for you in your trading.
  
  

Indicators

• Forex education and training teaches you to understand technical indicators. When you look at market information such as charts, you must understand indicators such as trend, momentum, volatility, volume and cycle. You can teach yourself these terms online through a course or through reading tips and strategies on a variety of trader websites. Some websites like Simple Forex Training let you create your own indicators.
  
  

Robots

• Some beginning traders focus their training on how to use a Forex robot as an alternative to learning the technical side of trading. The Fx robot is a software program provided as a service of a Forex trading platform. The user programs the robot with predetermined criteria for making trades. The robot searches through financial indicators and alerts the trader when to make a trade based on the predetermined criteria. Because of the risk inherent in Forex trading, the inexperienced trader who relies only upon understanding of the Fx robot can lose a lot of money quickly, such as a consequence of misinterpreting the robot's findings.