Online trading which can be referred to as e-trading or electronic trading entails the buying and selling of financial instruments online. The traders use electronic platforms to speculate on the prices of financial instruments/assets like stocks, commodities, currency pairs, and cryptocurrencies. The whole idea of online trading is to make a profit by speculating the movements of asset prices, buying them when prices are low and selling off when the prices are high. It is often easier to describe online trading than to practice it. A lot of analysis and projections are made for a profitable trade to be made even for experts.
Thus, financial trading can seem intimidating and daunting for beginners to grasp. This is especially true when they don’t have a good foundation on the basics of finance; stock market, forex, cryptocurrencies, and other financial instruments and the intricacies of their trading. Fortunately, many online trading education platforms like this one here offer comprehensive beginner, intermediate and advanced courses, resources, and tools. All these are geared towards helping novices get off to a good start by learning the ropes in online trading. Here, we will beam our searchlight on the top five online trading education platforms for beginners. They offer some of the best trading training with each having its unique strength which can appeal to a certain class of individuals. So which will yours be?
In this article
1. Exness Insights
Key Benefits
- Daily market updates
- Tips from trading experts
- Beginner friendly content
- Customizable learning plan
Exness Insights offers a wealth of resources and tools on trading strategies, trading psychology and essential learning tips aimed at helping new traders understand and navigate the complexities of the financial markets. The platform also covers various specific aspects of daily trades for different assets, including forex, commodities, stocks, and indices. This content is regularly reviewed by experienced traders and financial experts who make sure that they are relevant in contemporary times.
More so, the plethora of information on the platform is presented in a rich user interface which makes it easy to find and access educational materials. Other than educational materials, you get insight into daily market news and analysis as they impact trading activities, in addition to expert commentaries and predictions from seasoned market analysts. Without all these put in place, Exness Insights is poised to guide any beginner through the various learning processes of online trading to emerge as a successful trader.
2. BabypipsBabypips
Key Benefits
- Free
- Vibrant community forum where
- Basic to advanced trading courses
- Features like pip calculator, economic calendars etc
As it is aptly named, Babypips offers online educational resources to help online trading newbies learn the fundamentals of digital trading and how to trade safely and responsibly with profit. The platform adopts a structured beginner approach to teaching forex to newbies spiced up with corny jokes at intervals to make learning fun. As learning progresses, you will have a good foundation on the basics of online trading to take on intermediate and advanced courses.
There are foreign exchange market tutorials, quizzes and informative articles on the Baypips blog to read and digest. All these are in addition to a community forum where one can readily ask questions, get answers and interact with other knowledgeable members of the platform. The currency trading educational platform was launched in the year 2005 with educational articles. Today, there is a School of Pipsology where everything in forex trading is catered for.
3. Udemy
Key Benefits
- Free introductory courses
- Extensive course selection
- Comprehensive curse structure
Udemy offers online courses on financial trading and investment. They cover stock trading, forex trading, options trading, day trading, and cryptocurrency. These courses cover scenarios from different market trends and styles that any newbie trader will face as a beginner. With a variety of instructors and course structures, a beginner in online trading can find specific course options tailored to meet specific learning styles and interests. There is also the option to learn at one’s preferred pace without having to jampack an entire course within a short period.
The online trading courses on Udemy come at various prices which makes them affordable for beginners on a budget. In addition to this Udemy also frequently offers discounts and promotions. Once a course has been purchased, you will have lifetime access to the course material, allowing you to learn at your own pace and revisit the content whenever needed.
4. Bear Bull Traders
Key Benefits
- Trading community
- Professional trading simulator
- Dedicated chat room monitors for different trades
Bear Bull Traders which was founded in 2015 is the one-stop community for those specifically interested in learning daily trades. The platform is designed in such a way that members can watch live trading activities of each other. This is especially beneficial to beginners who can watch experienced traders in real time. With this feature, Online trading beginners can be able to gain valuable insight into the strategies used by professionals and their decision-making processes.
Bear Bull Traders offers a clear and structured learning path for beginners. They take away the confusion in online trading starting from the basics before progressing to advanced concepts. In addition, having a community and mentorship program is priceless. With a supportive community and experienced mentors, beginners can learn faster and avoid common pitfalls in online trading which is often costly.
5. Investors Underground
Key Benefits
- Daily watch lists and recaps
- A large community of growing members
- Access to experienced online trading mentos
Investors Underground is a renowned trading education platform with a focus on day and swing traders. They provide them with the specific tools and knowledge needed to succeed in the stock market. The Investors’ Underground trading course was one of the first ever made for those with basic online trading knowledge. However, it does not stop here. The course progresses to advanced levels where one can learn complex concepts and the application of trading tools alongside how to implement trading setups.
The platform has many beneficial features like daily watch lists, webinars, educational content, live trading chat rooms, and community interactions which beginners will find helpful. By leveraging the platform’s extensive resources and real-time learning opportunities, new traders can gain valuable insights and improve their chances of success as online traders
6. Investopedia Academy
Key Benefits
- Market analysis and news
- Vast amount of resources
- Stock market simulator tool
Investopedia Academy is an online education platform that boasts a vast resource of articles and tutorials covering everything from fundamental financial concepts to advanced trading strategies. As a reputable platform, it can also be considered a one-stop shop for beginners who are seeking clear, concise explanations on the fundamentals of online buying and selling of financial instruments. The educational curriculum is primarily designed to simplify complex financial concepts and data to enable traders to make informed profitable decisions.
For newcomers, Investopedia Academy’s user-friendly content and extensive resources make it an ideal starting point for building foundational knowledge and developing different trading skills. But it does not stop here. Whether you are looking to understand basic concepts or delve into advanced trading strategies, Investopedia offers a lot of valuable tools with insights to support your learning journey in the world of online trading.
In Conclusion
By choosing any of the online trading educational platforms discussed here, you have taken the first step to becoming a successful trader. As a beginner, and even to a professional level, there is no end to learning as a digital trader. But having the right foundation is what will distinguish you for excellence. These platforms offer the tools and knowledge needed to achieve your trading goals.
