Why is Forex education important? That is the question on everyone’s minds ever since the Foreign Exchange industry began to thrive over a decade ago. Namely, many sceptical traders around the globe searched for a source of knowledge and confirmation that this industry is, in fact, successful and profitable. Can I join in and diversify my portfolio? How does it all work? These are the questions that needed answering. MyTradingCollege has decide to dedicate its entire platform to bringing you closer to clarity for all the issues you have ever experienced during your trading. And with new things emerging on the market every day, their website and operations are advancing and progressing as well.
As the Forex industry continued to thrive, more and more companies decided to dedicate their operations solely to educating others on how to come on top in this new trading activity that has the entire financial community buzzing. Unfortunately, not many of them were successful at that mission. They either lacked patience or knowledge. Either way, they were not able to help their clients and readers become the best possible traders they can be. Luckily, there’s a new kid on the block that combines excellence with effort, forming the glorious name of MyTradingCollege.
How is MyTradingCollege Different?
How do you distinguish a good educational website from the crowd? Unfortunately for us, anyone can decide to open a website and start educating others on any topic, but how can we know that they are reliable?
They are a few telling signs that made us turn to MyTradingCollege and put our trust in them. First, the design is impeccable. There is no clutter and it loads perfectly, helping you get where you need to go without a hassle. There are no distractions or hidden facts - MyTradingCollege is an open book.
They are also aiming to actively contribute to the wider trading community by improving their operations. They are always adding new things on their website within their personalized courses, so you can always be up to speed with the latest innovations that can help advance your trading journey.
As we mentioned already, the MyTradingCollege website consists of several course packages that are aimed to improve your trading skills through education. You can move through them with ease and without any pressure. By focusing your time and energy on each lesson, you will be able to cover a much wider ground of knowledge than with any other educational website we’ve seen.
The first course type that you can engage with is called the Turtle. This course is designed especially for beginners, and it covers many of the basics of market trading. Here are some of the main topics that you can learn about with this course:
Market news and other forms of daily updates are necessary for your trading journey. Since everything is changing quite rapidly during each day on the market, it is crucial for you to keep up with the latest information, right?
Luckily, MyTradingCollege is not only dedicated to bringing you the latest news. Namely, they also show us that the best broker companies out there are including this section within their trading platforms. This way, you can also learn how to distinguish the good and dedicated trading companies from the ones that are just aimed at taking your profits without putting any effort towards your improvement as an individual trader.
An economic calendar is a must-have tool for all successful traders. It helps you learn what are the latest and upcoming events not only on the market - but the entire world of finance, as well. From the regular Federal Reserve meeting to the policy wrap-ups of the European Central Bank, you name it. All of these events are quite important since they directly affect your trading. No matter what your strategy is - these are the occurrences that you need to watch out for and keep them in mind.
A glossary is a necessary tool for learning any language, and trading is no different. Namely, the glossary at MyTradingCollege is regularly updated with new trading terms and the lingo that is necessary for you to keep up with in order to stroll through each trading day. With these terms and descriptions, you will also be able to detect patterns, trends and other occurrences on the market that can help you create a solid and successful trading strategy.
The Shark course is designed specifically for the intermediate traders, that already have the previous course well-handled. This course takes you a step further from the basics, and lets you know that you are more than ready to take on the new challenges in your education and your trading!
What can you learn here, exactly? The lessons that the Shark course provides are more detailed and specific. What are the trading signals? How can you benefit from the asset trends? These are some of the many questions that this course focuses on.
Trading Psychology is the common term used to describe the group behaviour on the market that affects your trading as an individual. Namely, trading psychology is somewhat difficult to determine and explain, but it is one of the most important factors that contribute to your trading experience. This section is possibly one of the most interesting ones to us, considering that there are so many things that come into play here and affect every one of us on the market.
What are the asset trends and how can you benefit from them? These are some of the questions that the Shark course gives answers to. Namely, each asset is bound to create a certain trend - downward or upward, for example. Depending on the course that the trend takes, you can determine your trading strategy accordingly. Buying or selling? It is entirely up to you, but the asset trend can help you decide.
Lastly, the live signals take you deeper into the action on the market. For each asset, you can watch the performance in real-time with charts and other tools to determine your trading strategy based on the signals.
The Whale course takes you further than you ever thought possible. The educational lessons here are the most detailed and quite advanced. However, that is only suitable considering how far you’ve already gone in your trading journey, right? Here are some of the lessons that you will cover after signing up for this course:
Laws of Economics
Laws of economics combine the regular occurrences in the financial world in order to detect useful patterns and theories that you can apply to your trading no matter what your goal is. Namely, the laws of economics tend to shift the focus from one event to the other in order to combine these signals and prove a pattern of some sorts. This pattern will then subsequently create a signal for you and your trading, and help you make a smart trading decision.
Technical analysis is one of the most commonly used educational tools that is used to create a successful trading strategy. This type of analysis focuses on historic data about price and volume to detect patterns. By using this tool, you can try and predict further movements of the asset’s value and price.
MyTradingCollege Core Values
MyTradingCollege is open and honest about everything they do, so their mission is pretty clear. It consists of applying all the tools available to help you become the most successful trader you can be. They are also well aware that this takes time and patience, so if you agree to be patient with yourself on this journey, you will have no trouble keeping up with MyTradingCollege. This trading academy aims to constantly improve everything they do. As a result, you can grow with them, and become a better trader than you have ever imagined possible.
It is quite clear to us that MyTradingCollege is a trendsetter in the world of online trading education. They are reliable and inclusive, dedicated to educating as many clients as possible. During that time, they will equip you with the tools necessary to improve your strengths while shifting your flaws to your advantage. Are you ready for the journey?