Forex webinars are seminars or conferences hosted by brokers and educators through the Internet. Some brokers provide these webinars on a weekly basis, while others offer them on a monthly or quarterly basis. In this article, we will look at what these webinars are, how to find them, and whether they are worth your time in your trading journey.
What are webinars?
The concept of online seminars has been around for decades. However, it gained momentum a few years ago when internet speeds rose, and companies discovered its effectiveness. The trend gained steam in 2020 during the coronavirus pandemic as more people stayed at home.
Forex webinars have two main goals. First, many brokers provide them exclusively to their customers. By doing so, they hope that the customers will stay with the broker for a longer time. They use them as a way for the management to have a personal touch with their customers.
Second, forex webinars are used for marketing. The idea behind this is relatively simple. The company will find a webinar topic, advertise it, and have new people subscribe. The company will then advertise its services to the webinars’ subscribers. Indeed, webinars are some of the most effective marketing strategies for brokers.
In most cases, webinars are offered by a member of the company’s team,such as the head analyst or chief marketing officer. In other cases, companies outsource these solutions to other firms that specialize in forex education.
How to find forex webinars
There are four main ways to find webinars. First, if your current broker offers regular webinars, you will likely receive an invitation through email or social networks. Second, you can find webinars through social media platforms. Some of the most popular channels to find these adverts are Twitter, Facebook, and Instagram.
Third, many brokers use popular websites that are popular among day traders. The most popular website that they use is Investing.com. On this page, you will find scheduled webinars from some of the company’s advertising partners, as shown below.
Finally, you can find webinars by just visiting a broker’s website. Some brokers offer a link to their webinars’ page that has a schedule of their online seminars. As shown below, a forex broker like HotForex has a webinar page with schedules of the upcoming seminars.
After finding a webinar you like, you just need to enroll by providing your email address and phone number. Finally, add the event to your calendar and wait for it to happen.
Popular topics in webinars
There are several popular types of forex webinars available on the market. These are:
- Marketing webinars – These are seminars whose only intention is to market the broker or forex provider.
- Introductory webinar – This is a type of seminar whose goal is to welcome a customer to a broker. At times, a new broker will offer a seminar to introduce potential customers to its platform.
- Educational webinar – This is an online seminar whose goal is to educate viewers about certain topics like technical, sentimental, price action, and fundamental analysis.
- Topical webinars – These are webinars where the host discusses key events. In most cases, they host these webinars before and after major events like non-farm payrolls and interest rate decisions.
How to participate in online seminars
Online seminars, hosted by professionals, can be a good way to learn new things and hear the perspectives of other people. These seminars are mostly beneficial to people who are starting their trading journeys. As a young trader, I remember enrolling in more than three webinars every week. As you gain more experience, the webinars will not be all that necessary.
The first step is to find the webinar. If it is your first time, you can visit investing.com. On the website, you should find the date and the topics being offered. If you find one that interests you, just click the enroll button. We recommend that you provide an email that you don’t regularly use because these companies will send you marketing emails afterward.
Second, add the event date to your calendar. If you are still old-school, you can put it down in your physical diary. The simplest method, however, is to use your online calendar. You will get a notification shortly before the webinar starts.
Third, if you are new to the trading industry, we recommend that you have a pen and paper to note important points. Doing this will help you with points of reference when you start day trading.
Finally, you should ask as many questions as possible. You can generate some of these questions during the webinar, and you should have them before the webinar starts.
Are forex webinars worth it?
In many situations, webinars are not worth your time, especially when you are an experienced trader. However, for a beginner, they offer a good opportunity to learn more about the industry. Further, topical webinars like those that happen before and after major events can help you hear perspectives of traders who have been in the industry for decades. As such, they are good ways to boost your skills.
Still, the best way to become a good forex trader is to learn and practice using a demo account. Fortunately, there are many books on forex trading that you can buy online. Some of the best, especially for new traders, are books by Kathy Lien, Alexander Elder, Steve Nison, and Jim Brown. These books, coupled with free online resources like YouTube channels and online courses, can help you move from a novice to an experienced trader.
Summary
Forex webinars are popular tools that companies in the forex trading business use to reach more customers and build their moat in the industry. As you start your trading journey, participating in educational and topical webinars will be a good thing. However, they will not give you a lot of information since most of them take less than an hour.
