What Are You Looking For In A Forex Course?
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.
The real important thing you should be asking is what am I actually going to learn if I were to purchase this course? Are you just going to get the same generic rhetoric that you normally get in more forex communities or is this course really going to help me to accomplish my dream of making a living in the forex market by having a deeper understanding of it.
The problem nowadays is that the vast majority of forex trading courses just don't do a good job of explaining why the markets move the way that they do. Instead most just give you some kind of generic system where you throw a bunch of indicators on your charts just to see what sticks.
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.
My question to you is that do you honestly think that most traders have the slightest idea what it would mean for a currency to be either overbought or oversold? I highly doubt it! What most traders see in a stochastics indicator is just a bunch of random and arbitrary colors and lines.
So, I am afraid I am going to have to go back to the original question: What are you learning if you were to purchase the course. - 23210
The real important thing you should be asking is what am I actually going to learn if I were to purchase this course? Are you just going to get the same generic rhetoric that you normally get in more forex communities or is this course really going to help me to accomplish my dream of making a living in the forex market by having a deeper understanding of it.
The problem nowadays is that the vast majority of forex trading courses just don't do a good job of explaining why the markets move the way that they do. Instead most just give you some kind of generic system where you throw a bunch of indicators on your charts just to see what sticks.
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.
My question to you is that do you honestly think that most traders have the slightest idea what it would mean for a currency to be either overbought or oversold? I highly doubt it! What most traders see in a stochastics indicator is just a bunch of random and arbitrary colors and lines.
So, I am afraid I am going to have to go back to the original question: What are you learning if you were to purchase the course. - 23210
About the Author:
If you want to know more about a day trade forex course, then you definitely want to check out making money trading forex.
posted by X - Men @ 1:02 AM
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