InformedTrades Surpasses 50 Free Courses; Becomes Largest Free Online Resource For Learning To Trade Financial Markets
by Simit Patel
(WireNews+Co) - New York, New York, USA - 16 February 2011
InformedTrades, the online community dedicated to building a free collection of courses created by community members to help the world learn to trade forex (http://www.informedtrades.com) and other financial markets, recently surpassed 50 free courses in its online university
-- making the site the largest collection of free educational resources for traders on the web. InformedTrades now features a wide array of free learning material for traders, ranging from the video-based free forex trading course (http://www.informedtrades.com/f112/) created by InformedTrades co-founder David Waring to strategy-oriented courses contributed by sponsors like Top Dog Trading (http://www.informedtrades.com/f106/) and Casey Stubbs (http://www.informedtrades.com/f370/).
To meet the criteria of being included in InformedTrades University, a course must present a series of lessons designed to teach a larger concept related to helping individuals profit in financial markets. Each lesson contains a comments section, so that members can discuss the topic and learn from each other. Contributing members that have shared knowledge and proven their expertise are awarded badges, thus helping students evaluate the credibility of commenting members in the InformedTrades community. All courses are required to be approved by Simit Patel, InformedTrades founder and central banker, who lightly edits and organizes presentation of the entire university. Contributors whose courses are accepted into InformedTrades University are awarded with badges and points; badges unlock privileges for members (such as the right to sell their own commercial services through InformedTrades) and points can be used to purchase goods and services from a variety of vendors like Amazon.com. "The InformedTrades methodology is designed with the goal of helping traders succeed as independent entrepreneurs, as well as provide members with a sense of personal satisfaction and social recognition for sharing their knowledge,” said Simit Patel, founder of InformedTrades.
In addition to the university section of InformedTrades, which provides members with a structured education in trading and financial markets, the community offers discussion forums and blogs for its participants as well as news headlines and videos imported from around the web. These areas are meant to be places where members can engage in unstructured learning -- learning stemming from discussions, news events, and real-life trades shared by community members. Trusted members are awarded with moderation privileges, thus ensuring the community remains spam-free 24 hours a day.
In terms of future plans, Patel notes the plan to add more courses to help traders learn about the nuances of particular assets, market history, various schools of economics, the relationship between geo-politics and financial markets, and more. And as the number of courses grows to a point where it is overwhelming for individuals, a personalization system will be implemented, thus allowing members to find the courses that are most appropriate for them. Additional badges will be introduced as well to provide members with incentives needed to engage in structured learning and to help build the confidence needed to trade live accounts.
Launched in 2008, InformedTrades is a peer-produced collection of free courses designed to help individuals learn to trade the world's financial markets. In addition to its free university, the site features discussion forums, blogs, and video and news feeds imported from around the web. Contributing members are awarded with badges that unlock privileges as well as InformedPoints, a community currency that can be used to purchase goods and services from stores around the web.