Can anyone recommend a good forex trading training course?
I’m looking for a course to actually learn trading myself. I’m not interested in robots or signal services. What I would really like is a course that teaches me to understand the markets and be able to trade off my own ability. Anyone had any experience or found a course like this that you’ve actually used yourself?
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Tagged with: ability • anyone • course • robots • Signal • signal services • trading
Filed under: Forex Courses
You may be interested in http://www.fxpmclub.com
It’s a forex course and mentoring at the same time, so it’s got the basic course materials that you can learn in your own time, just like most other courses out there, but you can also get training and help and advice from the trader who runs the site.
The course is all video based which is accessed from a members area, and the videos teach you everything from the basics all the way up to actual trading methods on live charts. I’ve been trading for about 2 years on and off, so I am by no means an expert or anything like that, but this has been the most useful site I have personally come across. The best part for me is the contact with James, who is the trader who runs the site. I’ve been able to talk with him directly on the phone whilst he walks me through real charts on my computer and answers my questions. So far I’ve had 3 phone calls with him. The course and videos on their own are far better than most things I’ve seen, but the personal tuition you get with this, makes this the best course I’ve ever taken in forex. I always learn better when I’ve got a teacher. I’m not sure if that’s what you’re after, but I’m sure you’ll find the video course on it’s own very useful if you’re starting out.
The course itself is teaching how to trade by reading price action without the use of lagging indicators, so it’s quite discretionary and can’t really be used as a mechanical system. James likes to teach how to adapt to and read the market instead of relying on buy and sell signals generated by indicators. He uses candlesticks and not bar charts.
There is a free option to try the course before you decide to join, so it’s definitely worth a look. You can access all the materials and contact James for help without making any payment, and if you don’t like it, you don’t have to worry about trying to get a refund. If you’re a sensible person and have realistic expectations about forex, I think this course could suit you very well.
Hope that helps.
hi
there are several forex trading platforms! every platform has some + or – !
here you can get list of good trading platforms that most people use to learn or trade
http://bestforextradingplatforms.com
If you read the links below, you can learn a lot about Forex. The government sites below discuss Forex and how to avoid scams, which are rampant in Forex.
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
For "training" this is probably the best one
http://fxbootcamp.com/
Hello,
My favorite one is superforexsystem. It’s the most complete course for the price. Then, forex mentor is also great, but a little overpriced IMO.
You can check for courses reviews in several different websites. I usually use http://forextopten.com/courses/.
here is one site that offers personal mentoring and coaching. you need to open at least a mini account and they will provide you a personal account service manager or asm who will walk you through the basics including the preparation of various technical and fundamental methods widely used by most forex traders. discussions can be done live via phone, email, chat or personal meeting if available in your area. they have regional offices in the usa, canada, europe, australia, middle east and asia and if you happen to reside near any of their offices you can negotiate with your asm to meet personally. they have also developed several innovative tools which are very useful to aid in your trading decisions. meantime, you may download a free forex ebook and a free demo account as well. all the best.
This site called How to Trade Foreign Currency was very helpful for me to get started with FX trading.
http://www.howtotradeforeigncurrency.com/
I myself went through a very expensive forex trading course paid by my company. It was good but very expensive like many forex training courses.
So when my nephew wanted to learn to trade forex, I looked high and low for a course that is much cheaper but just as good. In the end, he took the Forex Mentor forex trading training course.
I found it very good and in fact is much better in some aspects compared to my expensive course. A lot of videos which is what I like as learning is easier with video.
You can learn a lot of basics from it. If you branch to automated trading from there, I think it would be much better as you have a good overall background after following such a forex trading training course.
First of all I would look at Ivy Bot and Automated Bot software. Next I will check www.learntotradethemarket.com and get a primer at http://www.automatedleverage.com/forex-newbies
Hi Derek,
I used to buy ebooks from the web for our own forex self study. Generally i think most forex course may be too expensive and doesn’t deliver the value. When i learn i decide to learn from the top Gurus, and usually u can’t affort or they are not free to even conduct a class.
And it’s good that your approach of aiming for the knowledge where you won’t fall prey to lots of over promised systems. I think if you are seriously wishing to learn what’s forex about and how to do proper money management and trading the RIGHT way, get this ebook, which i use it as my own "bible in forex"
http://4xsimple.com