Online currency trading classes are
extensively available and have no prerequisites because none are
required to trade currency. Anyone can trade personally, but in order to
work for a business as a currency trader, additional schooling and
licensing is usually required. Often, these classes and study materials
are offered for free but research should be done to ensure quality of
the course.
Overview of Online Currency Trading Classes
Those interested in learning about currency trading for personal
investments and income have a myriad of online classes to choose from.
Classes are offered fully online, using video, audio, graphics and text
materials. Those looking for employment with a brokerage or firm as a
commodity trading advisor, currency trader or day trader can look into
the company's specific educational requirements for hiring. Typically,
passing the National Commodity Futures Examination, or Series 3, is a
minimum requirement along with a bachelor's degree in a related major
such as finance or economics.
Class Requirements
A student needs access to the Internet, as well as audio and video
software; other software, such as for a word processor or pdf file
reader, may be necessary. A telephone or Internet-phone may be required
for Webinars with instructors and fellow students. Some online classes
offer students the opportunity to practice trading on demo programs
designed to simulate actual trading practices without the financial
risk.
List of Online Classes in Currency Exchange
Introductory Foreign Exchange Course
In this class, an introduction to the history and workings of the
foreign exchange, known as forex. is taught. Due to the specialization
and prevalent usage of charts for trading purposes, students spend time
familiarizing themselves with reading charts. Major currencies are
discussed and trading terminology, such as pips, limits, stops, leverage
and margin, is introduced.
Trading Practice Course
Classes often include a computer program that allows students to
practice the trading process while working with the factors and theories
that contribute to it. Students learn the candlestick reading method to
compare rates over time. Potential personal traders benefit from
practice and self-study.
Fundamental Factors and Analysis Course
This class features an in-depth examination of forex trading. The
economic principle of supply and demand, as well as exchange rates, is
taught. Also included is a discussion of the large role banks and
interest rates play in the market. Students participate in an analysis
of the
international market using macroeconomic indicators, such as inflation and employment.
This advanced series of classes teaches interpretation of trends,
patterns and support based on chart analysis. Students learn to
recognize patterns and attribute meanings with the goal of better
prediction and knowledge of the market's movement and flow over time.
Tools are also offered for the beginning currency trader, such as risk
management information and methodology planning.
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