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Tuesday, September 8, 2009

Forex Training: The Key To Success

By Jacob Tremblay

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.

Today's internet is filled with helpful articles, the library is stuffed with books, and there are so many courses on offer from so many places that it can be impossible to know where to start. Too many people get swamped by the sheer volume of information, and end up with so many conflicting ideas and suggestions they become completely paralyzed, not knowing where to start. The solution to this, if you really want to succeed, is something I call "information overload".

Information Overload is the process of completely immersing yourself in the data. Studying it constantly, and making it so much a part of your life that when it comes time to use your knowledge, you almost instinctively know what to do. I won't lie to you, this a hard path - but the rewards are worth it. If you just want quick, simple success, you can get a for robot, which will do most of the work for you. And yes, they do work, but for myself I prefer to be the master of my craft - not just someone using a tool.

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.

Great! You've picked out a book, and now you just have to read it. This trick here, is to read it fast - keep it with you all the time, and every spare moment (on your break, in a line, during commercials on tv...) you read it. Even just a little bit, even just a paragraph or two, it all counts. And, most importantly, read it just before you fall asleep - several pages, at least. This is essential.

The reason for this is that whatever you are thinking about as you fall asleep, is what your unconscious mind thinks is important to you. The purpose of all this reading is not to try and learn forex, just to get your brain accustomed to constantly having Forex-like information going through it. So keep reading, and don't worry if there's something you don't get - just ignore it and keep going, until you finish the book.

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 second stage of information overload, is directed reading. Now you've filled your brain with knowledge, it's time to start learning. Go back to the library, and this time take a look at the books. You may be surprised at how well you know them, and can understand what they're saying. At this point, just let your instinct guide you - don't listen to anyone else. Your subconscious is full of Forex knowledge, and it knows what you need to learn.

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.

Here's to your success! - 23222

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