Thread: forex Courses

Has anyone done a Forex trading course of any description other? If what courses are you?

Originally Posted by ;

This is the interesting point, why are not most traders profitable in trading (ie. Still consistently losing) after shooting expensive courses?

Easy. Because most of them all teach the same thing; trading historical transactions all over with support/resistance lines, lol. A couple of others think the shape of a candle on time frame X issues. So, they make transactions based on closed trades or make transactions based on perceived momentum. Neither are adapting into the current market motion, so of course, they may lose. Brainwashed by a lot of salesmen working for banks looking to restrain your trades so they can steal your money.

Originally Posted by ;

quote It's never occurred for me to look at it like that. Come to think about it, most novels that I've seen and read are that way too, sadly.

It is like ribbons on FF. In the event the market generates trades for profit, you will see threads pop up telling their system is, lol. One hit wonders.

There are courses which teach that the comprehension of trading to you.
Those who provide trading advice attached to that I wouldn't touch and are generally a scam.

Whatever else you can find yourself via internet or textbook and the MT4.

Originally Posted by ;

Has anyone done a Forex trading course of any description besides reading books? If so what courses are there?

Here is how I learned how to trade FX:
1. Know the fundamentals--babypips is a good place to get started.
2. Loe one trading system which you think will do the job for you. Back when I started, scalping m5's using bollinger bands made sense for me.
3. Trading lives with cash you can afford to lose. $300 to $500 is a good amount to begin with.
4. Keep notes on both transactions and your losing trades that made cash.
5. Look at how other traders make money and see if you can make it work for you.
6. Dont be greedy.

Originally Posted by ;

quote Here's how I learned how to trade Foreign Exchange: 1. Learn the fundamentals--babypips is a fantastic place to get started. 2. Loe one trading system that you believe will work for you. Back when I began, scalping m5's using bollinger bands made sense for me. 3. Start reside trading with cash you can afford to lose. $300 to $500 is a fantastic amount to start with. 4. Keep notes on the losing trades and trades that made cash. 5. Consider how other traders make money if you can make it work for you and see. 6. Dont be greedy.

Could you please elaborate your 5 number point? I mean, how do we know thatothers trader are making money or not?

Originally Posted by ;

quote Here's how I learned how to trade forex: 1. Learn the fundamentals--babypips is a good place to begin. 2. Loe one trading method which you think will work for you. Back when I started, scalping m5's using bollinger bands made sense for me personally. 3. Start reside trading with money you can afford to lose. $300 to $500 is a good amount to begin with. 4. Keep notes on your losing trades and trades that made money. 5. Look at how other traders make money whether you can make it work for you and see. 6. Dont be greedy.

Great suggestion, I also prefer pips school for the traders who are particularly newcomers. Besides this college level it is appropriate to trade in a demo or account to make sure a experience.