A forex tutorial is a good way to acquire knowledge about the working of forex markets. The beginner learns the market terms, the basic trading skills and the techniques to chart market movements. These are useful skills to acquire for any individual who wants to be a forex trader.
A few years ago there were very few forex trading courses available. This was because only banks and large financial institutions were authorized to trade in foreign currency. The arrival of online trading and the consequent opening up of the forex market has increased the demand for forex courses.
Today, several individuals and institutions provide comprehensive tutorials in forex trade. These courses are available both offline and online, and a beginner can select a course that suits his needs most.
Several traders prefer online courses because it gives them the convenience to learn during their free hours. They can do so from the luxury of their office or home. However, online courses don’t provide one-to-one interaction as happens in offline courses where an instructor can answer a student’s queries.
All tutorials come with the disclaimer that they provide only knowledge. They don’t guarantee profits; it is for a student to make use of the knowledge to run a profitable trade. The disclaimer is a fair statement because forex trading requires very special skills.
Unlike other markets, the forex market works in real time, and a trader has to take instant decisions. These decisions can be based on market analysis, market intelligence or a trader’s own understanding of market movement. However, each decision is fraught with danger, and the most knowledgeable traders can make a mistake.
But this does not mean that there is no value for knowledge gained through a tutorial. The tutorials are the first building blocks. They give the traders the base to start trading. It is for the trader to build upon that base later.