Free forex trading seminars are one of the most effective ways for new forex traders to learn more about the world of forex trading. However, as with anything in life, there are pros and cons to these free seminars.

Obviously the people who are running them are not in it just to give you a free education in forex. They will always want something in return, and usually it comes in the form of a trading course, a promotion for their trading company, trading signals, a more expensive trading seminar, and so on.

Basically, the way these seminars are organised, you will get a few hours of general forex education before being hit with a sales pitch for whatever the speaker is selling. Worst still, in some cases you may find that the entire seminar is a sales pitch for the speakers’ product or company, and you will have learnt absolutely nothing.

However, for the most part, trading seminars can be very valuable and can prove to be a great way of furthering your forex education.

The best ones will even have live trading situations where you can watch the speakers discuss the markets in real-time, and show you how they successfully trade the markets, with real-life examples, which is clearly better than just reading a load of books and theory on the subject.

Another potential benefit is that not only can you learn from the speaker through their presentation, but you can often get the chance to talk with them personally at the end of the seminar, which can prove invaluable. Indeed, you can often pick up some great advice by talking to them one-on-one, although remember that you have to grasp your opportunity as many other members of the audience will also want to grab a minute or two with the best speakers.

It’s not only the speakers you can learn from either. Think about your fellow audience members. They’re all likely to be new or better still, experienced forex traders, so this also presents an opportunity to chat with them and pick up some useful trading tips and advice.

So overall there’s no question that free forex trading seminars can be a very useful learning exercise, both in terms of the actual content of the seminar itself and the opportunity to speak to the speakers and fellow audience members. Of course there will inevitably be a sales pitch as well, but the benefits will usually more than compensate for this small burden.

James Woolley runs a blog where you can learn forex trading and read his Forex Trading Machine review which talks about Avi Frister’s profitable forex trading strategies.