Forex Courses - What's Important to You?
I know that if you are contemplating about purchasing a forex trading course, you will surely not run out of available options, as there are hundreds on the market. There are plenty for every kind of trader. It makes no difference if you like forex scalping, where you buy and sell a currency pair several times in a day, or you consider yourself a 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 biggest problem today with most modern forex courses is the fact that they just don't do a particular good job of taking the time to explain to their customer a deeper understanding of the currency markets. All they usually tell you to do is toss a couple of indicators on a chart, as if that's going to solve anything.
There are so many things wrong with this that I don't even know where to begin.
Let's start with the obvious, shall we? Every single indicator is lagging by nature. What this means, if you are not sure, is that you are trading off of information that has already happened. Does that make any sense?
Also, not to be blunt, but what in the world are these indicators actually telling you? Look at the stochastics indicator. With this indicator, you are supposed to know whether the market is overbought or oversold.
My question is do you truthfully believe that most traders can even comprehend what it means for currencies to overbought or oversold? I dont think so. Most traders just see Stochastics as a bunch of random colors and lines going up and down.
So back to the original question: What exactly are you learning from the course. - 23200
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 biggest problem today with most modern forex courses is the fact that they just don't do a particular good job of taking the time to explain to their customer a deeper understanding of the currency markets. All they usually tell you to do is toss a couple of indicators on a chart, as if that's going to solve anything.
There are so many things wrong with this that I don't even know where to begin.
Let's start with the obvious, shall we? Every single indicator is lagging by nature. What this means, if you are not sure, is that you are trading off of information that has already happened. Does that make any sense?
Also, not to be blunt, but what in the world are these indicators actually telling you? Look at the stochastics indicator. With this indicator, you are supposed to know whether the market is overbought or oversold.
My question is do you truthfully believe that most traders can even comprehend what it means for currencies to overbought or oversold? I dont think so. Most traders just see Stochastics as a bunch of random colors and lines going up and down.
So back to the original question: What exactly are you learning from the course. - 23200
About the Author:
If you want to know more about a how to trade forex course, then you definitely want to check out making money trading forex.
posted by X - Men @ 2:24 AM
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