Forex Courses - What's Important to You?
1:50 AM
I know that if you are contemplating about purchasing a forex trading course, you will surely not run out of available options, as there are hundreds on the market. There are plenty for every kind of trader. It makes no difference if you like forex scalping, where you buy and sell a currency pair several times in a day, or you consider yourself a 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.
Lets begin with the obvious. Indicators are lagging by nature. What this essentially means is that you are making your trading decisions off of information that has already passed. Does that sound logical??
Another thing is what exactly are these indicators telling you? For example, lets take a look at stochastics. They are supposed to tell a trader when a currency is either overbought or oversold.
My question is do you truthfully believe that most traders can even comprehend what it means for currencies to overbought or oversold? I dont think so. Most traders just see Stochastics as a bunch of random colors and lines going up and down.
So back to the original question: What exactly are you learning from the course.
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.
Lets begin with the obvious. Indicators are lagging by nature. What this essentially means is that you are making your trading decisions off of information that has already passed. Does that sound logical??
Another thing is what exactly are these indicators telling you? For example, lets take a look at stochastics. They are supposed to tell a trader when a currency is either overbought or oversold.
My question is do you truthfully believe that most traders can even comprehend what it means for currencies to overbought or oversold? I dont think so. Most traders just see Stochastics as a bunch of random colors and lines going up and down.
So back to the original question: What exactly are you learning from the course.
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