The New Normal’s paradigm shifts have encouraged most, and even forced many, to be home-bound for their work and education.
After chronicling a recent influx in novel retail users, let’s see how Forex brokers have fared to provide new formats of trading education.
After having experienced a significant inflow of new demographics into the Forex retail market, Forex brokers had to up their game in disseminating their training material, trading knowledge, and their educational offer as a whole.
It’s not like financial services severely underutilized internet formats before the pandemic, but an accelerating need for them started to arise after the worldwide lockdown policies went into full force in early 2020. So plans had to be put on track to meet those needs.
One example of an innovative Forex broker that has swiftly adjusted to those distinct market demands would be OctaFX.
The global fintech firm organized more than 1,000 webinars since the beginning of 2020. These webinars are divided into several sub-categories, each effective to a particular stage of the trader’s journey:
- Single webinars on a specific topic
- Serial webinars
- Live trading sessions
- Q&A sessions
- Celebrity shows (Instagram, YouTube, etc.)
- Active and engaging subscription for Forex training emails (especially effective for those who noted that they have never traded)
- Basic but ever-evolving Forex training beginner’s courses (website).
Distinguished Forex experts in short-term trading, market analysis, and risk management devise and conduct all of the formats listed above, raising the probability to make the learning curve for beginners, intermediaries, and even advanced traders go ‘parabolic’.
The global broker keeps the international and regional appeal of its services afloat: the educational program is worked out in English, as well as in Indonesian, Malay, Urdu, and Hindi, among others.
But to name one more format that merges education and entertainment into a solid synthesis of quality ‘edutainment’ with the most participants by far, it would have to be OctaFX’s ‘Trading with the Stars’, which aired on YouTube.
This show was accessible to an even bigger crowd since they were able to learn about investment, finances, and Forex alongside their celebrities, having similar levels of knowledge.
This aspect of identification demonstrated that even stars need to be smart about their trading and investing. Yet, at the same time, anybody can learn these crafts if they put in the effort and the time.
The most reliable Forex brokers in the industry can be measured not only by the financial and trading services they offer.
Quite bluntly, it’s the means of how they teach clients to make the most use of those services and interact with them in the most profitable way that distinguishes them from mediocrity.
After all, education remains the best risk management—refusing or ignoring it makes trading Forex an unnecessarily unsteady undertaking.
OctaFX is a global Forex broker that provides online trading services worldwide since 2011. It offers a state-of-the-art trading experience to over 7 million trading accounts worldwide.
OctaFX has won more than 40 awards since its foundation, including the ‘Best ECN Broker 2020’ award from World Finance and more recently the 2021 ‘Best Forex Broker Asia’ award and the 2020 ‘Most Transparent Broker’ award from Global Banking & Finance Review and Forex Awards, respectively. The company is well-known for its social and charity activity and its promotions.