Home / Forex Trading Classes in South Africa

Forex Trading Classes in South Africa

By Jeffrey Cammack Published: Thursday, December 13th, 2012 Updated: Thursday, May 9th, 2019

There are a lot of Forex trading classes being offered in South Africa. These courses are either offered by a trading school, or by individuals who have a background in trading and enjoy sharing their knowledge.  These classes are of varying quality, and the advice is not always accurate, but there are courses that are worthwhile, and that will teach you the basics so you can further your learning at home.

Seminars are available on occasion.  Brokers with an interest in the South African market will make visits, and extend an invite to traders who have made a deposit in their trading account.  These are good sessions, but perhaps better suited for traders who are trying to find inspiration in trading rather than learning the basics

If you don’t want to take classes in person, then there are a number of online options that could work for you.  Webinars are available with some brokers and work well to compliment the ebooks they produce.  Online classes from individuals can be purchased fairly cheaply and are often a good video introduction to Forex trading.

Online vs. Group Courses

Not every Forex trading training course is the same. Essentially, there are two types we will speak about here that are pertinent to South African investors: Online training courses and individual training courses.

With an online course, you’re essentially learning Forex from the ground up. Not only are you deciphering terms, calculating rates and participating in trades, but you’re also getting a feel for different software systems and platforms, as you’ll most likely be using demo accounts for hands-on learning. Since these classes are offered online, they are remote, inexpensive, and convenient.

There are some online brokers that have started with forex education is central to their strategy.  Triomarkets was started to be the best online educational portal for beginner traders, so sign up for an account here and getting the most out of their material. Avatrade has a good selection of video tutorials that explain beginner concepts.

Group courses put you into a classroom, either with a skilled trader helping you to learn, or your broker helping you not only to learn but to use the specific software and platform for your account. This type of training can help you to learn a lot about Forex, but the quality of the courses is going to vary greatly.

Webinars

Not all the best trading coaches are located in South Africa.  We believe that support in getting a good education is what separates the good brokers from the great brokers.

  • If you want to learn how to trade for free from some of the best professionals in the world, sign up with AvaTrade to get advanced webinars, video tutorials for beginners and trading coaching in your demo account.
  • Hotforex (FSB Regulated) have webinars 3 times/week with their head analyst Stuart Cowell that you just need to sign up for and they are free.

Seminars

There are often international brokers visiting South Africa for seminars, and we like promoting these on TradeForexSA.  If you are a broker with upcoming seminars, please write to us via our contact form.

Online Courses

There are online courses that vary in price, but I encourage any new trader to look at them as a starting point.

The Benefits of Courses

There are some benefits that seem obvious when speaking about a Forex trading course. For instance, simply learning more about the market will benefit anyone. But it’s the individual benefits that really add up and help you to achieve success when investing in Forex.

Classes can teach you a lot about Forex, such as:

Recommended Courses

  • Colin Abrams from the themarket.co.za is very good and looks at method (technical analysis), money (risk management) and mindset (trading psychology).  Most courses are held in Durban and Johannesburg but courses in Cape Town can also be arranged.
  • Ross at suretrading.co.za also comes recommended and hosts regular trading courses at different venues in Cape Town.  Contact them via email or phone for more information.
  • iQuote.co.za comes recommended if you live in the Pretoria area.  Write them for more details.  They are located in Groenkloof.

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.