Do it yourself forex trading courses
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What am I buying? What will I get? What are they really selling? Am I really interested? Could I read it in a book? Do I really have the time? Do I really have the need? Do I really want to be a trader all day every day? Because while I love the game, if you want to succeed at it, that's what it takes. If you are serious about trading, it can be done, and you need to seek out those who can teach it honestly, who offer education for your money.īut before you buy anything, ask yourself some simple questions. There are some really good products and trading educators out there. It's very different.īut do not be disheartened. Many courses sell technical analysis alone, as if it's what everybody is doing, which is not necessarily what you need as an introduction. There is a huge difference between "learning to trade" and "technical analysis". Many courses take an extraordinarily long time to cover basic principles, principles that could be read in a book.ĩ. The more people you put in a room the longer it takes. The bar to become a successful stock market teacher, it seems, is a lot lower than the bar to become a successful stock market trader, or they would surely be doing it.Ĩ. Some prices are dictated by the size of the balls of the people selling it to you, not the product.ħ. Because they're a forum for hot leads, and that's how they can treat you: as someone to upsell to.Ħ. This ulterior motive is why there are so many "free" seminars. I attended one course where the "educator's" motivation was to earn a clip in perpetuity out of every client he put into the platform.
#DO IT YOURSELF FOREX TRADING COURSES SOFTWARE#
Some courses have a hidden agenda: selling you a software package, selling you a data feed, upselling you to another product, snagging you as a customer of their trading platform. That takes maturity, discipline, method and patience. Trading is about exploiting a small, small edge over a long, long period. That's a guaranteed way to get poor quick.
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Most people come into trading with a get-rich-quick expectation. Come to the trading game out of financial necessity, with capital you can't afford to risk, and your "loss aversion" will doom you to failure.Ĥ. To make that clear, you need capital you can risk. Without that, can you seriously make trading a part of your life?ģ. You need purpose, and that means having a very specific goal to inspire you. Enter the trading marathon – and it is a marathon – without enthusiasm, interest, passion and a purpose and you will join the many ranks of people who have wasted their money and time. It is like joining a gym: you'll likely try it for a month and stop.
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Without "purpose" you will not last as a trader. You are buying an introduction to a lot of work.Ģ. You may think you are buying a solution but you are not. Trading success cannot be "delivered", packaged, achieved with a credit card or achieved in quick time. So let me give you some reality, a guide to the things you might like to consider before forking out for guaranteed trading success.ġ. There are no quick fixes, but that's what most courses appear to offer: a place to input your credit card number for instant sharemarket gratification. It takes ages to explain technical analysis to a large group and I had forgotten that when you put a lot of people in a room you move at the speed of the slowest common denominator. If you were half smart you could have absorbed the entire content by reading one chapter of a simple book, but it took two days to learn about two moving averages and two immature candle patterns. It was excruciatingly slow for a half-educated man and very basic. I had forgotten the true meaning of the word "lecture". I attended a $2000 course once to find out what all the fuss was about.