The 5 important questions that must be asked when deciding on the best Beginners Forex trading course
Saturday, February 23, 2008
Forex has become SO popular world wide, that a complete industry has sprung up, practically overnight. Just go and tap 'Forex' into your search engine and see .
In addition to my Forex for Beginners course at http://www.forextrainingworks.com there are currently more than two thousand different types of training courses, self-help booklets, educational CDs, web-based flash presentations, broker training programmes, guru courses, opt-in ‘tips of the day’ and people who will sell you trade entry and exit points on a daily basis.
But the plain truth is that the majority who learn ALL ABOUT Forex don't succeed. They fail because they weren't taught about the things that really matter. It might not be easy to admit, but it's not complicated systems, indicators or gurus that count - it's simplicity, patience, discipline and a clarity of purpose.
People overtrade, revenge trade or live in hope that losing trades will somehow mysteriously turn into winning trades. This is such a common problem, leading to capital fading till your account is empty.
The sudden arrival of 'beginner' traders into the Forex Market - only made possible to you and me by the marvel of the computer - has caused another type of explosion. An explosion of an unscrupulous breed of people, taking money off the innocent and unsuspecting trader.
Over 90 per cent of what's on offer is nothing but smoke and mirrors. How can a pile of CDs be valued at 1,000s of dollars (it costs just pennies to copy CDs!), and how does a manual that deals with complex indicators answer a simple question like, "where do I put my stop loss on Non-Farm payroll day?"
Now I'm not saying that all of these ways to 'make your fortune' overnight are dishonest. But what I am saying is that most of them aren't, and of those that are, they are so often unrealistically over-priced or MLM 'rip-offs.'
It's the internet, and as we all know, the internet is a great place for never having to look someone in the eye when you take money from them. Yes, it's good - but boy, it can also be bad, and any recourse is tricky if not impossible a lot of the time.
If you are looking into ANY Forex trading course for beginners, I suggest these questions may be well worth asking:
• Ask if you have complete access to the top trainer throughout the course, by email AND telephone if necessary. Be specific about this.
• Find out EXACTLY what it is you are buying.
• Is there a referral to a Forex broker who will be paying the trainer a fee for each introduction?
• Ask how much ground the course covers. Beware of information overload or 'mumbo jumbo’ (the single biggest reported disappointment with Forex training courses for beginners).
• Does the trainer actively trade for a living?
posted by admin @ 9:23 AM,
