A “Forex Course” is a knowledge based course with the sole aim of educating and informing a would be forex trader or newbie of how the forex market works with a purpose to fully educate a new trader to become proficient in making good trading decisions. Thing is most of our forex courses have fallen short of these expectations and continue to push new traders along the path of confusion in some cases.
Have you ever wondered how it is possible that even after you have spent your hard-earned money on an expensive forex course that is (pending on whether you even went to the right place for your course) you still end up being unable to make consistent profits from the market despite all of your
“text book knowledge” of what the market is supposed to do. So you go on to search for courses that would lead or steer you in the right direction, hence you end up spending more money on courses after courses. Only to find that the previous place you got your first forex course did not offer all that they know about the forex market but the basics and that you were meant to pay extra for an additional course that is for an advance level course that would “probably” give you the edge or full inside knowledge you so require. Off course, only to find again that there is still yet a more advance level course that you still require to gain the knowledge you so desire.
Hence leading you on a barrage of forex courses that only end up confusing you the more and leaving you at the mercy of the market .Truth is we have all been there, maybe not all of us but those who never had a friend, or an uncle, or a brother, or anyone for that matter who is close to him/her and already familiar with the forex market to help shed more light into the mysterious patterns of the market. So you are left on your own to find the truth and maybe, who knows “The Holy Grail”! Which brings to mind another truth you must know, as much as this may disappoint you all (there is no “Holy Grail”) to cracking the forex market. The sooner you accept this truth the better chance you have at succeeding in this game.
As pathetic as this may seem, the instructors who offer these courses do not concern themselves with your pain but rather are more concerned about how much they will make when you pay for your course. Leaving the newbie trader(new trader) in the dark and alone so that they keep coming to the same instructor to learn a supposedly new and advanced system of trading. That would seem to be like the only way these instructors are assured of a consistent stream of income. They fail to learn that once you teach truthfully and honestly that there is a certain measure of good karma that comes with such noble acts.
Without mentioning names so as not to discredit anyone,-as this is not meant to tarnish anyone’s name or business- many of our big names in the forex industries are guilty of this act and they need to put the perspective of the would be trader into consideration to be able to really help all newbie traders.
A WAY OUT OF THE DARK
In order not digress from our main discussion it would be clear that most of what we learn from these courses whether beginner stages or the complete guide would always remain what they are, “Text Book Versions”. Indeed they are the very guide for knowledge everyone needs to be able to get a grasp of what the market is all about and therefore serves as a pivotal necessity which every trader cannot do without; but left on its’ own it continues to remain what it is, a “Text Book Version”.
What every newbie trader needs is consistency and a strong will to applying all of the knowledge gained from all courses put together. This would enable a newbie or new trader have adequate experience with the market and become more familiar with the movements of the market. In a nut shell “EXPERIENCE” would become the best teacher a student would ever have as it would open ones’ eyes to the actual behaviour of every partaker of the market. That is why every newbie trader should never be in a hurry to throw in hard earned money into the market without effectively practicing and honing ones’ skills. You should be ready and willing to take your time to practice what you have learned and understand certain patterns to further develop your own strategy to succeed in this ever growing market. It would be a shame that after just a couple of weeks of taking a forex course you find a student or newbie jumping into the market head first and eventually finding that the market was by far hotter than what was envisaged.
DO YOUR HOMEWORK
My advice would be for you to do your home work, before you take a forex course. Do well to ask your instructor how much it would cost and how long it should take before you are certified as good enough to enter the market with real money. There are a good number of excellent instructors out there, you only need to do your home work properly. According to my knowledge and experience a good instructor would spend close to two or three months preparing a newbie for the market and even at that the student may not be fully ready until a large measure of practice and consistent results has been achieved. The provision of demo accounts by almost all forex brokers in the market today is a big helping hand to all traders who intend to hone their skills before risking hard-earned money. So the next time you hear or see a jingle offering forex courses, make sure to find out if the said organisation or company as the case may be is a credible one; in other words is fully registered and well known by forex traders community. You may ask past students of such organisations or simply go online, insert the name or the company or organisation to find out if they are what they claim to be.
If they are not online, then knowing your instructor or instructors one on one would help tell you whether or not you are on the right track. With that said I sincerely hope that your eyes have been opened and I would also hope that you feel much better knowing that you are not alone. Wish you a successful trading experience.
Visit: www.fxtrendman.blogspot.com for more incisive experience with what you need to know.
Ephraim Archibong is a trader of over four years and counting and is willing to share his knowledge and experience with everyone who is willing to learn.
