Learning To Trade Forex
• What to look for in trading courses and education
When deciding whether or not to purchase or take a particular Forex trading course, you should ask yourself some of the following questions:
1) Who is the author of the trading course and what do I know about them?
2) Does the trading course seem to be based on logic and common sense, or hype and big promises?
3) Is the Forex trading course teaching a time-tested method that works in varying market conditions, or is it just another one-off Forex trading software “robot” program?
4) Can I contact the designer or author of the Forex trading course and ask him or her questions about their product?
5) Is there a trading community of similar-minded traders that I can further my learning from and bounce ideas off of?
Going through each of these question and getting answers that satisfy you, is a good way to test the legitimacy of any trading course you are thinking about investing your time and/or money into. There should be no doubt in your mind that you are making the right decision prior to learning to trade Forex from a particular Forex trading course.
As you learn Forex trading, you should not have to pay thousands of dollars to anyone, there are much cheaper alternatives that offer very high quality products that can teach you how to trade the market effectively and with little to no stress. One excellent Forex teacher who offers low-cost trading education is Nial Fuller. You can learn Forex with Nial Fuller for a fraction of the cost of most other mentoring services or Forex educational systems.
• Keep it Simple Stupid
The K.I.S.S. acronym applies very fittingly to the world of learning to trade Forex. Most traders over-complicate everything when it comes to their trading; from the particular trading strategy they use all the way down to the frequency with which they trade and the amount they risk per trade.
When it comes to trading it is best to keep everything simple, from your trading method to your risk management and profit taking plans, everything should be simple. Professional traders know that methods like Forex price action trading and other similar methods, are best to trade with because they make use of “core” market data that allows traders to develop a unique trading perspective which works in all market conditions, rather than trying to force a rigid trading system over top the natural price action of a market.
Keeping it simple will help you maintain the proper Forex trading mindset, both as a beginner and as an experienced trader.