One of the difficulties associated with learning the art of online trading is the ability to separate fact from fiction. Fly-by-night and get-rich schemes are all too common and if these are followed blindly, budding learners may soon find that they have soured to the markets completely. So, what are some of the most thorough resources to learn about the fundamentals of online trading and what specific benefits does each portal offer? Let us address this important question in a bit more detail.
CMC Markets is one of the largest online trading portals and unsurprisingly, there are a wealth of educational tools immediately available. Some of the topics that are addressed will include:
- Forex trading
- Contracts for difference
- Useful and profitable investment strategies
- Binary trades
These are then complimented by interactive webinars, a handy glossary and informative news articles.
DailyFX is an excellent tool for those who wish to focus mainly upon the principles behind currency trading. This platform offers a unique system known as the DailyFX Free Online Forex Trading University. Much like a traditional system of education, users can choose categories from a freshman to a senior (based off of their experience). Then, they will be guided through a specific curriculum relevant to their level of knowledge.
Learn to Trade
This aptly named website is another great resource for those who hope to delve into the liquid Forex markets. After one registers for free, he or will be sent training workshops by email. These online seminars cover everything from currency fundamentals to technical indicators and general trading strategies. Another interesting feature about Learn to Trade is that there are complimentary live seminars offered throughout the United Kingdom and various parts of the European Union. Blog posts written by reputable investors will provide insight and clarity into the latest movements and as this website is geared towards those with little experience, it is ideal for the beginner.
Investopedia has been called the Wikipedia of online trading, and for good reason. This portal offers a wealth of trading tips as well as general overviews of countless different principles. Whether referring to basic trading techniques or more advanced methodologies, Investopedia has it all.
One aspect which defines this website is that novices will be provided with a virtual trading account during the learning process. So, they can begin to appreciate which strategies suit them the best as well as any bad habits that should be corrected. There is also an online support forum, valuable market research and regularly updated blogs.
One aspect which all of these sites have in common is that they do not promote sales-driven learning nor are they offering a “master plan” to make millions in a few weeks or months. They embrace objective points of view and provide visitors with all of the most relevant information that will offer a strong foundation for the future.