The 5 questions you have got to ask when picking the best Beginners Forex training course
Saturday, February 23, 2008
FOREX currency trading has become SO popular globally, that a completely new industry has developed, almost overnight. Just type 'Forex' into your search engine and see what comes up.
In addition to my Forex for Beginners course at http://www.forextrainingworks.com there are currently more than two thousand varying Forextraining courses, self-help booklets, educational CDs, flash presentations, broker training modules, expert courses, opt-in ‘tips of the day’ and people who will sell you trade entry and exit points on a almost hourly basis.
The simple truth is that the vast majority who learn EVERYTHING THERE IS TO KNOW ABOUT Forex never make it. They fail because they failed to learn about the things that really matter. It might seem incredible, but it's not flashy systems, indicators or gurus that are the key - it's discipline, patience, simplicity and a clarity of purpose.
People overtrade, revenge trade or live in hope that losing trades will somehow mysteriously change into winning trades. This is such a common fault, resulting in capital inexorably eroding till there's nothing left.
The explosion of 'beginner' traders into the Forex Market - only made available to you and me by the wonders of the home computer - has meant another kind of explosion. An explosion of a dishonest breed of people, taking money off the innocent and unsuspecting general public.
More than 90 per cent of what's on offer is nothing but bells and whistles. How on earthcan a collection of CDs be valued at 1,000s of dollars (it costs just pennies to copy CDs!), and how does a manual about 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 a con. But what I am saying is that most of them aren't, and of those that are, they are so often terribly over-priced or MLM 'rip-offs.'
It's the internet, and as we all know, the internet is an ideal 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 thinking about ANY Forex training course for beginners, these questions may be well worth asking:
• Ask if you have complete access to the main 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 recommendation to a Forex broker who will be paying the trainer a fee for each referral?
• 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 actually trade for a living?
posted by admin @ 9:22 AM,
