Secrets of Forex Training
Forex trading is just like anything else in life - to get good at it, all you need is practice. Of course, sometimes you don't have the time (or the money!) to get the practice you need. In that case, the only thing to do is to get some proper training. If you can find someone to teach you the system, or a good quality forex robot with lots of information and advice, you can ramp up your skills in an incredible amount of time.
So the obvious question is, where to get this training. Forex training is available from all sorts of sources, ranging from slim books of tips and tricks, to huge week-long seminars filled with information and practical advice. With so much on offer, it's easy to get lost and not know where to start. That's where I employ a technique I call "information overload", which has been incredibly helpful to me.
Information Overload is a technique of total immersion. You completely submerse yourself in the information you are studying, so that when the time comes to put it to use, you have no hesitation. If you just want quick and easy success, you can just buy some Forex software - and that will work, but you will do much better if you fully and completely understand what you are doing, rather then letting a program do it for you.
The first step in information overloading is to find an initial source. So head down to your nearest library, and find the shelves with the Forex training books. I'm sure there are some. Once you've found them, just close your eyes and pick one randomly - that's your first information source. Go check it out.
Ok, now you've got your first information source - time to start overloading it. I want you to take this book, and keep it with you. Constantly, everywhere you go, and whenever you have the time, read a little bit. Even if you only read a couple of lines, you're still working through it. Read it in your lunch break. Read it on the bus. Read it before bed - especially before bed.
This is because whatever you are thinking of last thing at night, is what your mind remembers most strongly. So when you're trying to learn about something, falling asleep thinking about it helps hugely. The purpose of this is not to study the book. Don't worry if you don't understand it, or if you don't get something. Just shrug your shoulders and keep going. The important thing is to get as much information into your mind as possible.
Once you've finished the book, you can go get another one. Just keep doing this, randomly taking books and paging through them, until you've had enough exposure. You'll know when this is, because you're mind will start producing facts and figures you weren't even aware you know. Someone will say something about Forex you couldn't have got before, and you'll suddenly realize you know exactly what they mean. You may even start dreaming about foreign exchange. Don't worry, this is totally natural, and you're doing well.
The next part of the information overload process is active learning. Go back to your library, and take another look at the books they have there. You'll probably be surprised at how much you can already understand of them, and that's without doing any real study - just the total immersion. Allow your subconscious instinct to guide your choice, and pick out a book for you to learn from.
By now your brain is full of information about Forex, and all you're doing is awakening it. So go through the book, studying it carefully. This time, when you see something you don't understand, investigate it - find another book, look online, whatever. As you study, everything you already know subconsciously will fall into place, allowing you to go through the book with an ease you've probably never know before.
Well, you know know everything you need to master Forex, or anything else for that matter. Of course, for Forex in particular, there is plenty more advice I could give you - but this will do to start with. If you really want to accelerate your learning, I can also suggest you use a program to help you. Most Forex trading software comes with the option to simulate trades, and this is excellent practice - hands on experience is a great way to learn, and a huge help if your just starting out. So if you've got the money to spare, I would strongly suggest you find some decent Forex training software to help you out.
Good luck! - 23200
So the obvious question is, where to get this training. Forex training is available from all sorts of sources, ranging from slim books of tips and tricks, to huge week-long seminars filled with information and practical advice. With so much on offer, it's easy to get lost and not know where to start. That's where I employ a technique I call "information overload", which has been incredibly helpful to me.
Information Overload is a technique of total immersion. You completely submerse yourself in the information you are studying, so that when the time comes to put it to use, you have no hesitation. If you just want quick and easy success, you can just buy some Forex software - and that will work, but you will do much better if you fully and completely understand what you are doing, rather then letting a program do it for you.
The first step in information overloading is to find an initial source. So head down to your nearest library, and find the shelves with the Forex training books. I'm sure there are some. Once you've found them, just close your eyes and pick one randomly - that's your first information source. Go check it out.
Ok, now you've got your first information source - time to start overloading it. I want you to take this book, and keep it with you. Constantly, everywhere you go, and whenever you have the time, read a little bit. Even if you only read a couple of lines, you're still working through it. Read it in your lunch break. Read it on the bus. Read it before bed - especially before bed.
This is because whatever you are thinking of last thing at night, is what your mind remembers most strongly. So when you're trying to learn about something, falling asleep thinking about it helps hugely. The purpose of this is not to study the book. Don't worry if you don't understand it, or if you don't get something. Just shrug your shoulders and keep going. The important thing is to get as much information into your mind as possible.
Once you've finished the book, you can go get another one. Just keep doing this, randomly taking books and paging through them, until you've had enough exposure. You'll know when this is, because you're mind will start producing facts and figures you weren't even aware you know. Someone will say something about Forex you couldn't have got before, and you'll suddenly realize you know exactly what they mean. You may even start dreaming about foreign exchange. Don't worry, this is totally natural, and you're doing well.
The next part of the information overload process is active learning. Go back to your library, and take another look at the books they have there. You'll probably be surprised at how much you can already understand of them, and that's without doing any real study - just the total immersion. Allow your subconscious instinct to guide your choice, and pick out a book for you to learn from.
By now your brain is full of information about Forex, and all you're doing is awakening it. So go through the book, studying it carefully. This time, when you see something you don't understand, investigate it - find another book, look online, whatever. As you study, everything you already know subconsciously will fall into place, allowing you to go through the book with an ease you've probably never know before.
Well, you know know everything you need to master Forex, or anything else for that matter. Of course, for Forex in particular, there is plenty more advice I could give you - but this will do to start with. If you really want to accelerate your learning, I can also suggest you use a program to help you. Most Forex trading software comes with the option to simulate trades, and this is excellent practice - hands on experience is a great way to learn, and a huge help if your just starting out. So if you've got the money to spare, I would strongly suggest you find some decent Forex training software to help you out.
Good luck! - 23200
About the Author:
Jacob Tremblay is a long time stock market trader, who has now turned his hand to forex trading. Click to check out his site, where he provides forex trading reviews of some of the leading systems.
posted by X - Men @ 7:22 AM
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