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The following article was published in our article directory on March 10, 2014.
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2 Forex Training Programs and 4 Factors to Consider When Selecting Them

Article Category: Finances

Author Name: James Smith

Do you want to be a forex trader but do not know where to begin? Then consider yourself lucky! In here, you will know about the 2 types of forex training programs and the 4 factors that will help you select which training program that you should sign-up for.

The first forex training program, which is the online mode, can be compared to distance learning programs. In this type of training program, your instructor will provide you with PowerPoint presentations, electronic books, samples, and simulations that will help you learn about forex trading within 4 weeks or more.

If you sign-up for the online mode, you will move through the beginner level, the intermediate level, and the advanced level. Most online forex training programs will show live demos and videos that will help students experience being in a regular classroom from their homes. The courses offered by this training program can range from $50 to hundreds of dollars. This training program is usually for people who do not have sufficient knowledge about the forex trading market.

The individual mode is the second type of forex training program. This type of training program is best for students who have basic knowledge of the forex trading market. It is also a one-on-one training program. Your assigned tutor will guide you through various forex trading strategies and risk management strategies. This training program will show you live examples and trading scenarios that will help you learn the secrets to forex trading.

Both types of training programs will teach you how to use software tools such as charting and mapping. You will also learn to understand technical information that is relevant to price changes.
Here are the 4 factors that will help you select the best forex training program:
-Certifications

Good training programs should be certified by regulatory authorities such as the Commodity Futures Trading Commission, Chicago Mercantile Exchange, Securities and Exchange Commission, Chicago Board of Trade, National Futures Association, Financial Industry Regulatory Authority, and the Futures Industry Association.

-Reputation

Genuine forex training programs only offer proven trading strategies and useful information instead of instant money. You can avoid signing-up for forex training program scams by reading consumer reviews on the internet. If a training program receives positive reviews from its students, then it is a good training program. You should never sign-up for a training program that receives negative reviews online. If the training program receives mixed reviews, it is up to you to sign-up for it or not.

-Time

Online training programs are ideal for you if you can learn on your own. If you have time to be taught by an instructor, you can learn at an individual training program.

-Cost

It is best to sign-up for an online training program if you do not have sufficient money for an individual training program. The price for an individual training program can usually range from $1,000 to $10,000.

Have you already made the right decision about which forex training program that you will sign-up for? If not, then take your time and do not be in a hurry.

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