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.
However, I am a firm believer that the number one thing that you should be asking yourself before you purchase a course is "what am I going to learn?" Is it just going to be the "same old, same old" that you hear about in forex trading communities or will the course go a little deeper an teach me how to have a stronger understanding of the market.
I think youll find that the problem at the present time is that most forex trading courses arent very good at explaining the underlying reasons why price movements act the way that they do. In fact most courses only give you the generic piece of advice and tell you to blast your charts with indicators.
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.
The other thing is what exactly are these indicators really telling you about the market? Let's look at stochastics for example. These indicators are supposedly useful for telling you whether 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? - 23222
However, I am a firm believer that the number one thing that you should be asking yourself before you purchase a course is "what am I going to learn?" Is it just going to be the "same old, same old" that you hear about in forex trading communities or will the course go a little deeper an teach me how to have a stronger understanding of the market.
I think youll find that the problem at the present time is that most forex trading courses arent very good at explaining the underlying reasons why price movements act the way that they do. In fact most courses only give you the generic piece of advice and tell you to blast your charts with indicators.
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.
The other thing is what exactly are these indicators really telling you about the market? Let's look at stochastics for example. These indicators are supposedly useful for telling you whether 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? - 23222
About the Author:
If you want to know more about a forex course, then you definitely want to check out millionaires trading forex.
posted by X - Men @ 12:55 AM
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