At one time, there were few choices available to learn about stock trading. You had to have connections, be an insider, or have infinite patience to follow clues and gradually build up a base of knowledge and perform your stock market training.
At one time, there were few choices available to learn about stock trading. You had to have connections, be an insider, or have infinite patience to follow clues and gradually build up a base of knowledge and perform your stock market training. Retail Forex trading, on the other hand, is a comparatively recent innovation that lacks a centralized exchange such as Wall Street. It has been relatively easily accessible from the outset, but it does still require learning to be approached correctly.
Modern times, the evolution of the Internet and modern computers, and the rabid competition for new traders and the capital they bring to the market mean that there is essentially an unlimited number of sources and methodologies for anyone interested in Forex education and stock market training. To make a simple comparison, you have perhaps five major companies to choose from for cell phone service. With trading education providers, you can choose from thousands.
The most remarkable innovation provided by the computer and the Internet is the ability to learn remotely, either individually or in groups, with instruction tailored to all levels of experience. Traders with years live trading under their belts and those who don’t yet know the difference between a currency pair, blue chip stock, or IPO can be accommodated.
These remote Forex trading education and stock market training classes are referred to as “webinars.” They are available from brokers, exchanges in the stock sector, and independent instructors who do nothing but teach traders of all abilities.
These webinars are held frequently, are usually focused on a small area of expertise, and can be attended live, or in many instances, they are archived for viewing on demand. You lose a little with the archived version since you can’t interact with the instructor, but many times you can observe the questions of other attendees and see that they bear a remarkable resemblance to questions you may have raised.
Another option is live trading classes, where an instructor can come to a workplace or meeting facility. These provide the most opportunity for interaction with the instructor and many people prefer these to the somewhat impersonal aspect of the webinar.
These are just a couple of examples of the options available for trading education. When you consider how they could be combined, along with other methods such as books, forums, and chat rooms, it is easy to see that there is a way wherever there is a will.
The greatest thing is that with all the competition that exists, you can sample many different sources for free and make your determination regarding what is best for your learning style.
THE AUTHOR: Barry Summers
