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Online Forex Seminars and Lessons
Online Forex Seminars and Lessons
If you're interested in learning about the foreign exchange market, or forex, you can learn the basics of currency trading through online seminars and lessons. If you're preparing for a career involving foreign investing or global finance, you might consider earning a master's degree in international business via distance learning. Keep reading for program information; see what you'll learn and what your career options are.
What You Need to Know
Investors and speculators who wish to participate in a very large, truly global market should consider forex trading. Forex (or FX) stands for foreign exchange; it is a market in which you trade currencies, buying one as you sell another. Forex trading is not simple, and you should educate yourself and practice before risking your own capital.
<table border="1"><tr><td><b>Online</b></td><td> Numerous websites with education, practical training, simulated Forex trading</td></tr>
<tr><td><b>Degrees</b></td><td> Master of International Business Administration, Master of Business Administration in International Management, post-graduate education in foreign exchange markets</td></tr>
<tr><td><b>Responsibilities </b></td><td> Accountability for their own or employer's losses and gains</td></tr>
</table><p><i>Sources: Forex.com, fxtrade.oanda.com. U.S. Commodities Futures Trading Commission</i>
</p><h3 id="section---WhereCanIFindOnlineForexSeminarsAndLessons">Where Can I Find Online Forex Seminars and Lessons?</h3><p>You can find self-study lessons in forex trading or live webinars to help you get started at various websites online. Information available ranges from simple checklists to full seminars. Many of the online resources are free.
</p><p>The following is a list of useful online tools:
</p><ul><li>The International Monetary Fund (<i>www.imf.org</i>): Free simulated lessons introducing the foreign currency exchange market and auctions showing how exchange rates are determined
</li><li>Oanda (<i>fxtrade.oanda.com</i>): Forex trading game
</li><li>Warrior Trading (<i>webinar.warriortrading.com</i>): Free online seminar focusing on small trading accounts
</li><li>Online Trading Academy (<i>trainingacademy.com</i>): Online multi-day courses available for a fee, including a course for professional traders
</li><li>Udemy (<i>udemy.com</i>): Various forex courses available for a fee
</li><li>TD Ameritrade (<i>tdameritrade.com</i>): Free online guide to forex training
</li></ul><h3 id="section---WhatWillILearnFromTheseLessons">What Will I Learn from These Lessons?</h3><p>Online forex seminars and lessons are typically designed for individuals interested in investing opportunities, or for students seeking a better grasp on the foreign exchange market. However, as of October 2010, the U.S. Commodity Futures Trading Commission (CFTC) website warned that forex trading fraud is on the rise (<i>www.cftc.gov</i>). The CFTC recommends that you check a website's business history and license for fraudulent activity before investing any money. The commission also advises that you assess the high risks involved in forex investments.
</p><p>Topics covered in online forex training include:
</p><ul><li>Fundamentals of currency exchange
</li><li>Forces of supply and demand
</li><li>Currency charts
</li><li>Market trends
</li><li>Margin technical analysis
</li></ul><h3 id="section---WhatDegreesCanIGet">What Degrees Can I Get?</h3><p>If your goal is to pursue a career in foreign trade, you can obtain a Master of International Business Administration or a Master of Business Administration in International Management (IMBA) entirely online. You can take online classes in international accounting and world finance and study global monetary systems and foreign currency transactions. You'll learn how the foreign exchange market can determine executive financial decisions and business operations.
</p><p>Some master's degree programs may offer blended seminars. For example, a seminar in foreign currency trading may combine on-campus evening sessions focused on how the market functions with assignments using online practice accounts.</p>
