The realm of online trading is really exciting and risky at the same time. The learning process may be challenging, especially for beginners who want to start trading, but numerous sites have made it easier with plenty of resources, tutorials and platforms that one can practice on. Below are seven websites that will assist you in getting through the basics of trading, whether in stocks, forex or cryptocurrencies.

Exness Insights

Exness Insights is an all-rounded online trading platform where users are allowed to trade as well as learn. This platform also has educational tools like live and recorded webinars as well as articles and tutorials like on backtesting for both new and professional users. Exness Insights provides its clients with a demo account that helps to gain real trading experience without losing real money for that. Exness Insights is another brokerage firm that many potential traders prefer because of the easy-to-use platform, tools for trading and real-time market information.

Investopedia

Investopedia is one of the largest online resources for traders and investors offering numerous articles, tutorials and guides covering many trading-related topics. It offers educational content that can be used by the newcomer as well as the experienced trader who has been in the trading business for a long time. Among the best aspects of Investopedia, one can name a Trading Simulator that helps users learn how to trade without any risk of losing real money. This enables the newbies to get a taste of the market without the risk of losing real money in the process. Also, their extensive dictionary helps the reader to easily look for any terminology they are not familiar with.

BabyPips

BabyPips is particularly useful for forex trading enthusiasts. Being one of the most user-friendly websites, BabyPips provides a “School of Pipsology” which is a step-by-step guide to forex trading. The curriculum is in a school-like format, from the basic level to the advanced level, which helps the learner to follow systematically. You can also find forums on BabyPips where you can discuss with other traders, get tips and ideas or ask questions. Their detailed tutorials on chart patterns, technical analysis and trading psychology are very helpful to any trader who aims to excel in forex trading.

Coursera

Coursera is an online learning platform that collaborates with the best universities and institutions worldwide and provides courses on many topics, such as finance and trading. There are numerous courses available out there, such as “Financial Markets” from Yale University and “Investment Management” from the University of Geneva and are selected by trading enthusiasts. These courses are developed by expert trainers and are sure to lay a strong framework in trading, markets and management of risks. Most of the classes that are provided on the platform are open to everyone and you can just audit them; however, if you wish to receive a certificate, you can pay for it.

TradingView

TradingView is a social network for traders and investors in the Stock, Futures and Forex markets! Their charting tool and analytical software are quite impressive and among the best in the market. The distinguishing feature of TradingView is that it focuses on the community. It allows one to copy the strategies of other traders, exchange ideas and even get comments on one’s trades. It also contains educational materials which include webinars and tutorials to guide on how to use some of their tools and on how to analyze the market. Both the real-time data and the interface of the website make it useful for both learning and practicing trades.

Khan Academy

Khan Academy is a non-profit organization that provides free online tutorials for various disciplines among which are finance and economics. They have a rich personal finance course which covers a lot of information concerning investment and trading. The course offered by Khan Academy can be undertaken by anyone without prior knowledge of the topics since difficult concepts are explained in simple ways and the use of activities. It is not as comprehensive as some of the other social trading networks but it offers a good base of financial knowledge that is essential for trading.

Udemy

Udemy is a site that provides training in trading and investments among other fields through online classes. Udemy has over a hundred thousand courses, so you can learn trading from a variety of courses offered by professionals. Some of the most taken courses include ‘Forex Trading for Beginners,’ ‘The Complete Cryptocurrency Investment Course’ and ‘Stock Trading & Investing for Beginners which from the basic concepts to the advanced ones. Udemy is versatile and the student can study at their own pace most courses are available for lifetime access.

Learning online trading is not as complicated as one may think it to be. The following seven websites can be useful to learn about the basics, to learn through practice and to build up the confidence to trade in the markets. It ranges from educational websites such as Investopedia and BabyPips to trading platforms such as Exness Insights and TradingView. Importantly, trading like any other business operates on the principle, ‘practice makes perfect’; therefore, it is encouraged. The following are the resources that you should use to develop a sound basis and keep on top of the market trends and strategies.