Best Online Forex Trading Classes

Learn the basics or sharpen your skills with the best Forex trading classes

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With its low capital requirements, ease of entry, and 24/7 accessibility, Forex trading has a strong appeal for anyone with a laptop looking to increase their income—as a part-time gig or as a full-time trader. While there is money to be made in Forex trading, it requires specialized knowledge and a lot of discipline, neither of which is easy to obtain. The good news is aspiring Forex traders can access dozens of online Forex trading classes, promising a learning path to profitable trading. The bad news is that Forex trading is not regulated in the way stock trading is, so it attracts many scammers. 

A good Forex trading class is developed with successful traders' knowledge and experience and is typically offered as part of membership into their trading forum. Courses are typically self-paced and often include online videos, webinars, trading simulators, chat rooms, and access to mentors. When students feel ready, they can begin putting their knowledge into action through real trading. 

In this roundup, we reviewed 15 of the top Forex trading classes, screening first for reputation to eliminate possible scam operations. We then took a closer look to compare such factors as costs, support, course features, and access to mentors to arrive at the best Forex trading classes in six different categories. 

The 6 Best Online Forex Trading Classes of 2022

Investopedia offers its own stock trading class as part of the Investopedia Academy, but to maintain objectivity, we opted to exclude it from this roundup. If you are interested in this course, please visit the Investopedia Academy.

Best Overall : ForexSignals.com


ForexSignals.com

 ForexSignals.com

ForexSignals.com is a fully comprehensive offering that includes an in-depth educational course, access to professional trading tools, and ongoing professional guidance, topped with a seven-day trial. That makes ForexSignals.com our pick for the best overall Forex trading class.

Pros
  • Comprehensive offering

  • In-depth educational courses

  • Access to mentors, proprietary trading tools, and live trading room

  • Substantial membership discount for annual payment

  • Free seven-day trial

Cons
  • Mostly aimed at beginning or intermediate traders

  • Monthly membership payment plan around twice as expensive as annual plan

ForexSignals.com was founded in 2012 by Nick McDonald, a leading independent trader and financial educator with a global following. At its core, ForexSignals is a hub for knowledge and learning in the Forex industry. Besides providing standout courses, it relies heavily on best-in-class trading tools, a close-knit trading community, and mentoring by top trading pros to round out what we believe to be the best overall Forex trading class. 

The goal of ForexSignals.com is to teach its students how to trade using their methods for identifying trends and generating signals. That knowledge and training are reinforced by the professional traders who trade on the same information they are teaching. The formula appears to be working. The community trading room has grown to more than 83,000 members, and its YouTube channel has over 330,000 subscribers.

The first stop for new traders is the trading academy educational courses delivered by highly experienced professional Forex traders. There are over 350 videos and over 300 hours of content. The content starts with the basics and gradually advances to the technical aspects of trading. 

To reinforce their learning, students have access to the Trading Room, which functions as a chat room to share ideas and showcase trading strategies. Also, students are able to follow live-streamed trading sessions of the professional traders. Membership also includes access to several proprietary trading tools, including the Profit Calculator and the Monte Carlo Simulator. 

The Apprentice membership is a monthly plan costing $116 a month (with steep discounts often available) and includes Trading Room access, access to the Pro trading video academy, daily live trading sessions, live interactive workshops, access to pro trading tools, and more. The Commited package goes for $222 charged every six months. It adds direction from mentors, brokerage access, and a one-on-one session with a mentor. For $312 annually, there's also a Professional package that adds a direct line to mentors. All packages offer a free seven-day trial.

Best Value : Traders Academy Club


Traders Academy Club

 Traders Academy Club

Whether you are new to Forex trading or an advanced trader seeking to get to the next level, Traders Academy Club has all the educational resources and tools to get you there for just $297 a year, making it our choice as the best value in a Forex trading course.

Pros
  • Training for all trading experience levels

  • Extensive educational resources

  • Access to real-time trading ideas

  • Large and active chat room

  • Group mentoring

  • Free training tools and ebooks

Cons
  • Not the cheapest

Regardless of your Forex trading experience level, Traders Academy Club offers a learning platform to help you trade at a higher level for just $297 a year, which is why it makes our list as the best value for a Forex trading course. 

Developed by Vladimir Ribakov, an internationally certified financial technician, TAC is meant to be a one-stop-shop for traders of any experience level. 

Students have access to a comprehensive Media Zone, with hundreds of recorded webinars for beginners and experienced traders. It also includes recorded trading simulations and analysis videos, as well as recordings of Live Trading Room sessions. Students can access 24/7 instructor support and a vibrant chat room where all members can interact with Vladimir. There are also weekly live webinars.

The course's most popular component is the live trading sessions viewed daily online. The sessions provide students with Forex signals and detailed analysis, breaking down the mechanics of every trade recommended during the session. 

This all-encompassing course goes for $297 per year, which also makes it a great value. You can take Traders Club Academy for a test drive with its free seven-day trial.

Best Comprehensive Course Offering : Asia Forex Mentor—One Core Program


Asia Forex Mentor

 Asia Forex Mentor

This program, offered by an internationally renowned Forex trader, is as extensive as you will find, making our list as the best comprehensive Forex course offering.

Pros
  • Extensive course offering

  • Studio-quality video course

  • Seven-day trial

  • World-renowned trader as a mentor

Cons
  • No monthly payment plan

The founder of Asia Forex Mentor makes many bold claims on his website, but we agree with one, which is his course is as extensive a course offering as there is, which is why we chose it as the best comprehensive Forex course offering. 

Ezekiel Chew founded AFM in 2008 based on his personal success as a Forex trader. Since then, he has become an international speaker and has trained institutional traders on his methods. The AFM One Core Program is the result of more than 20 years of trading experience. 

The program includes 26 full-scale lessons with more than 60 sub-topics, each supported by a studio-quality online video. Each lesson is embedded with Ezekiel's hand-picked examples and interpretations. The one-time cost of the One Core Program is $997 with a seven day free trial. If you're sure you want the course you can skip the trial and get it for $940.

Additionally, for $118 per month or $1,200 per year, members can access another valuable proprietary program, the Golden Eye Group. Once in, members have access to the inner sanctum of Ezekiel's mind through live streams of his weekly market analysis, in which he offers his explanation and interpretation of trading setups and how he makes his trades.

Best Free Option : Daily Forex FX Academy


FX Academy

FX Academy

FX Academy was created by a globally recognized Forex authority, written by highly acclaimed Forex traders, designed for traders of all experience levels, and, incredibly, it doesn't cost a dime, making it our top choice as the best free option for a Forex trading class.

Pros
  • No cost

  • Full course offering

  • Strategy simulations

Cons
  • No live trading room

DailyForex.com, a well-respected, authoritative Forex website providing daily Forex news and analysis since 2006, started FX Academy with the goal of providing traders of all experience levels with the skills and knowledge they need to succeed in the world of Forex at no cost. For that reason, we selected FX Academy as the best free option for a Forex trading class. 

Written by acclaimed Forex traders, Adam Lemon, Cliff Wachtal, Huzefa Hamid, and Alp Kocak, the 15 classes offered at FX Academy range from basic forex orientation to advanced trading techniques, with all classes presented in an interactive and stimulating manner. Each class consists of an animated video, reading material, and quizzes. The course is self-paced, allowing students to take an individualized approach to learning. 

The company also has Strategy Simulations which allow students to learn based upon example market conditions and trading strategy execution.

There is no cost for access to FX Academy educational materials and trading tools. The only investment is your time. However, for paying nothing, you give up mentoring or a live trade room that might be offered in a paid course. 

Best Crash Course : Six Figure Capital


Six Figure Capital

Six Figure Capital

For new to intermediate traders who prefer a total immersion experience in learning to trade, Six Figure Capital's 14-day course packs a massive amount of information into its material without overwhelming you, making it our choice as the best crash course for learning how to trade Forex.

Pros
  • Intense two-week training course

  • Live trading sessions

  • Active community room

  • One-payment for lifetime membership option

Cons
  • No free trial

The founder of Six Figure Capital, Lewis Glasgow, has only been trading since 2013, but he has used that short time very wisely. Within just a few years, Lewis developed and successfully traded a new method for generating signals that has won international acclaim. Becoming an "overnight" success sparked Lewis's passion for teaching, leading him to develop a 14-day course based on real market experience that was launched in 2016. Having successfully taken aspiring traders from rookie to expert using this method, Six Figure Capital makes our list as the best crash course for learning to trade Forex. 

The 14-day course is designed for beginning and intermediate traders who want to move quickly up the learning curve. It consists of 19 videos spread across the two weeks, with a new topic presented each day. The course includes live trading sessions to enable students to gain real-time trading experience. There are also four bonus modules that include extra materials such as e-books and spreadsheets. 

Another thing offered by Six Figure Capital is a Slack channel where the community of students and experienced traders network and share analysis and ideas.

Students who complete the 14-day course can move up to Six Figure's advanced harmonic mastery course, which teaches students how to trade using its proprietary harmonic pattern software. This course is included with the 14-day course.

You can become a Six Figure Capital member by paying a one-time fee of 800 GBP or by making 12 monthly payments of 97 GBP. Students receive the same access to courses and tools with either payment plan, including a lifetime membership that provides future updates to course material as well as ongoing support.

Verdict

Any of these six Forex trading classes are worthy of consideration by traders of all levels of experience. Your particular reason for choosing one over the others will depend on your personal circumstances, including your budget, your learning style, and your level of commitment. 

If you aren't quite sure whether Forex trading is your thing but want to learn more, you could start with the low-cost option from Udemy or the no-cost option from FX Academy. 

If you're looking for the best bang for your buck with a comprehensive program, Traders Academy Club may be your best bet. You can pay a little more if you want access to the most extensive course offering by Asia Forex Mentor. If you're looking for more of a total immersion course to get you from novice to expert quickly, Six Figure Capital's crash course may be for you.

But, as the best overall Forex trading course, we believe you can't go wrong with the highly regarded and modestly priced ForexSignals.com.

Compare Providers

Category Company Cost
Best Overall ForexSignals.com $112/mo; $222 biannually; $312 annually
Best Value Traders Academy Club $297/mo
Best Comprehensive Course Offering Asia Forex Mentor One-time payment of $997, $940 if you skip the trial
Best Free Option FX Academy No cost
Best Crash Course Six Figure Capital One-time payment of 800 GBP or 97 GBP per month for 12 months

What Is Forex Trading?

Also referred to as foreign exchange or FX trading, Forex trading is how one currency is traded for another for financial advantage. Most Forex trading occurs on the spot market, more commonly known as the Forex market, where currencies are bought and sold according to the current price. There are no centralized exchanges as with the stock market. The Forex market is run by a global network of banks and financial institutions. 

Forex is typically traded as a currency pair—buying one currency while simultaneously buying another. The most frequently traded pairs are the euro versus the U.S. dollar (EUR/USD) and the British pound versus the U.S. dollar. Most traders speculating on Forex prices do not take delivery of the currency but, instead, predict the direction of exchange rates to take advantage of price movements. They do that by trading derivatives, which allows them to speculate on a currency's price movement without taking possession of the currency. 

Is Forex Trading a Good Idea?

Forex is attractive to people looking to earn extra money from the comfort of their homes. For those who are willing and able to commit to learning the ins and outs of Forex trading, it offers several advantages, such as low capital requirements and ease of entry into the market. For people with a solid foundation of knowledge and the ability to control their emotions, it does offer the opportunity to generate income, either part-time or as a career

If you have the requisite knowledge and experience, as well as the patience and discipline to learn from your mistakes, you could be a good fit for Forex trading. However, if you don't have the time nor inclination to commit to a rigorous learning process, Forex trading can turn into a loss-making nightmare.

Are Online Forex Trading Classes Worth It?

You could spend hundreds, even thousands of dollars for a Forex trading class. So, the answer to this question really depends on what you expect to get out of a class and whether it delivers upon your expectation. If your ambition is to become a serious, full-time trader, you probably can't get there without going through a high-quality, comprehensive Forex trading class. Starting out, you might get more bang for your buck if you start with one of the many free online courses to get yourself up the learning curve before investing serious money in a trading course. You can then sign up for one or two free-trials before committing any money. 

What Do Online Forex Trading Classes Cost?

Again, it depends on what you expect to get out of a class. We've listed courses here costing less than $20 total or nothing at all. But, you can't expect to come away with the knowledge and practical experience it takes to trade with confidence. If you desire to go from absolute novice to expert Forex trader in three months, you should expect to pay more for a course—somewhere in the range of $50 to $200 a month. The real value with many of the top courses is the ongoing access through membership to trading rooms, mentors, and ongoing education. The most successful Forex traders will tell you that becoming an expert is a journey, a continuous learning process. 

How We Chose the Best Online Forex Trading Courses

Forex trading's popularity growth is only matched by the proliferation of online Forex trading classes. The challenge for aspiring Forex traders is separating the legitimate courses from the shady ones and then finding the one that best fits their needs. 

We culled through a couple of dozen online Forex trading classes to identify 15 with solid reputations based on the founders' experience and expertise. We then compared them using a specific set of criteria to choose the best in six categories. In addition to reputation, we considered such factors as training methodology, cost, access to instructors or mentors, access to a trading community, the extent of learning resources, availability of free courses or materials, and any unique features that added value to the services.