Forex Courses - What's Important to You?
If you are thinking about purchasing a forex trading course, you definitely have a seemingly infinite amount of choices to pick from. The are tons of courses from every particular kind of trader. It doesnt matter if you like to scalp the market, and buy or sell several times a day, or are a more long term position trader.
The real important thing you should be asking is what am I actually going to learn if I were to purchase this course? Are you just going to get the same generic rhetoric that you normally get in more forex communities or is this course really going to help me to accomplish my dream of making a living in the forex market by having a deeper understanding of it.
The problem nowadays is that the vast majority of forex trading courses just don't do a good job of explaining why the markets move the way that they do. Instead most just give you some kind of generic system where you throw a bunch of indicators on your charts just to see what sticks.
There are so many things wrong with this that I don't even know where to begin.
How about we start with the obvious, which is indicators are all lagging. If you don't know what this means, all you are doing is trading off of what has already happened to the market, now what will happen to the market.
Another thing is what exactly are these indicators telling you? For example, lets take a look at stochastics. They are supposed to tell a trader when a currency is either overbought or oversold.
The question I want to ask you is do you really think that the majority of traders even have the slightest idea what it would mean in order for a currency to be overbought or oversold? I really don't think so. In fact, most just see a bunch of colors and lines.
All of this goes to the original question I asked in this article. What is it that you are learning? - 23199
The real important thing you should be asking is what am I actually going to learn if I were to purchase this course? Are you just going to get the same generic rhetoric that you normally get in more forex communities or is this course really going to help me to accomplish my dream of making a living in the forex market by having a deeper understanding of it.
The problem nowadays is that the vast majority of forex trading courses just don't do a good job of explaining why the markets move the way that they do. Instead most just give you some kind of generic system where you throw a bunch of indicators on your charts just to see what sticks.
There are so many things wrong with this that I don't even know where to begin.
How about we start with the obvious, which is indicators are all lagging. If you don't know what this means, all you are doing is trading off of what has already happened to the market, now what will happen to the market.
Another thing is what exactly are these indicators telling you? For example, lets take a look at stochastics. They are supposed to tell a trader when a currency is either overbought or oversold.
The question I want to ask you is do you really think that the majority of traders even have the slightest idea what it would mean in order for a currency to be overbought or oversold? I really don't think so. In fact, most just see a bunch of colors and lines.
All of this goes to the original question I asked in this article. What is it that you are learning? - 23199
About the Author:
If you want to know more about a forex trading course, then you definitely want to check out millionaires trading forex.
posted by X - Men @ 1:49 AM
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