Education for working in Forex.

Most of my friends, having learned that I make money on Forex, ask - What kind of education is needed for this?

Yes, I won’t lie, I graduated from university with a degree in finance, and therefore I can say for sure what I learned from the knowledge I gained during my five years of study.

Practically - nothing, that is, everything that I used in stock trading can be learned within a week, mainly general knowledge regarding fundamental analysis and currencies.

What kind of education is needed to work in Forex?

Firstly, for successful trading there is definitely no need to graduate from university, and spend years on it, as practice shows, more than half of successful stock exchange players do not have a specialized education, and their past specialties are far from finance.

It is much easier and cheaper to learn stock trading on your own; alternatively, you can use courses offered by dealing centers , although you should not expect that after them you will become a real trading guru.

Typically, courses provide only basic knowledge and basic work strategies. If we divide the sources of theoretical information into their component parts, we get the following picture:

• Instructions metatrader 4 - 10%, in fact, it contains all the necessary information on working with the trader’s terminal, and in a fairly detailed form.

This is the most reliable source for describing the technical side of the issue. • Books about Forex - 50%, it’s best to start with manuals for dummies, and only then move on to a more in-depth study of technical analysis and other options for studying the market.

• Websites about Forex - 40%, blogs, information portals, forums, as a rule, in addition to theory, it also contains a lot of practical information, trading recommendations, scripts for increasing trading efficiency.

At the same time, we should not forget. that theory is only half of the component of successful trading, without daily practice on demo, or better yet, cent accounts, you are unlikely to start making money, and the theoretical foundations obtained will remain useless knowledge.