I spent money on a course with Online Trading Academy. Im not sure if it was costly or not but they did teach me things I did not know and they did teach good strategy with stocks as well as Forex. They also have a community of professional traders (verified) to assist you with the needed knowledge. They offer a free half day class that intrigued me and I eventually felt their knowledge and lifetime access was worth the price paid. I am just starting out this year, not doing very good yet (great job vontogr!!! I hope to have that sort of ability in the near future) I hope that by practicing what I learned and staying current in places like this that I will be able to use trading as a retirement source of income. I agree there is most of what I learned in class available on the internet but having the information presented in a classroom environment is what gave me the confidence to know what is viable information out there and what is crap. Investopedia is a good source of research knowledge, this site is great for statistics and data but really getting out there and trading with a practice account on a regular basis has been my greatest confidence boost in practice of the information I absorbed.
Are you a promoter of 'Online Trading Academy'? I have seen quite a few really bad reviews for that company. I read that they charge thousands just to tell you the same stuff that is available for free online
i have been trading forex 10 years.as a hobby.my opinion is you wont find much information on how to make a idea and turn to make a profit.i have brought many commercial ea;s /robots worth thousands of dollars;now in trash./rubbish.to trade with ea is the way to trade;no emotion;24 hours a day .!make your own ea.i have with no experience.pay someone on the many websites like freelancer.com.should cost less than $100.coders charge much more for changing other people work.start from new.mine cost around $50 each under bidding.next idea to trade with.forget indicators they were designed for sharemarket.or use daily or above timeframes.. price action is what you need for forex;read up on.!so many options here;much more than you think.i use open;close candles as my main signals plus other ideas.if you can think it; you can code it with right coder.bigger time frame the better ;my best results i have 10 - 12 days per trade.my best 8 pairs last 4 months on demo- 5000 pips.boring to watch but easy.of course trade with trend is a must.risk/reward 1-1.i think this is best because of draw down;you .you cant fudge your results with 1-1.later on you can change when you have proved 1-1.beat that 50% winning mark first.finally test on demo on many different pairs as you can,link up to myfxbook to see your results;this is invaluable.information is power ;so read up on your ideas..again just my thoughts on matter
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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