CFD brokers and their training programmes
Most clients expect CFD brokers to offer a complete trading solution including a trading interface and an educational programme. The brokers take these requirements into account and increasingly provide their customers with seminars, webinars and tutorials.
Here it is important to separate the wheat from the chaff and distinguish between purely promotional offers and those with real added value.
If a broker organises on-site seminars in several German cities, it is usually a road show. This means that the focus is on acquiring new customers.
Typically, the speaker at these events highlights current market events and shows how the current constellations can be converted into lucrative trades with CFDs.
Sales event or information with added value?
So-called live trading for customers and interested parties is also offered by many brokers in the form of seminars that can be attended comfortably on the PC at home. Typical are weekly events in which one or two trades are actually placed. Here, too, the speakers very often discuss current market events.
Especially beginners are dependent on the necessary basic knowledge being conveyed.
Many brokers impart knowledge on topics such as technical analysis, money management, loss limitation and automatic trading systems in seminars and video tutorials. Basic knowledge about economic data and other correlations is also imparted within this framework.
Basic knowledge does not justify high prices
First-time traders should pay attention to introductory events that explain how to use the trading interface. Ideally, this introduction is not done via a static tutorial, but within the framework of seminars with a speaker who can be questioned during the event or afterwards via a chat function.
Anyone who consults a relevant search engine for seminars and courses on the topics of CFD and FX trading in exness forex broker singapore will come across a great many offers from commercial seminar providers. They charge money for attending their events.
There is nothing fundamentally wrong with paying a fee for well-prepared information. Beginners, in particular, should be aware that offers that match their level of knowledge are limited to imparting basic knowledge anyway and should avoid providers with high prices.
Beware of supposed gurus
Under no circumstances are "guru seminars" recommendable whose providers promise a secret formula with which exorbitantly high returns can be achieved. Behind such offers is at best hot air, at worst fraud.
In the past, individual black sheep have repeatedly come to light who have defrauded hundreds of investors out of a lot of money without the strategies presented in the events being of any quality worth mentioning.