Forex Courses

finnishpension posted:
Keep clear of the free information and opinions on forums. It is all junk or written by newbies. Find a proper paid for course from someone that has a myfxbook page with results

Paying for courses based upon someone having a stats page on myfxbook or other similar service is extremely bad advice, and people who give that kind of advice should be ignored. Account stats are easily manipulated to show 'super gains' and 'holy grail' trading methods, when in reality, the opposite is the case.

Focus on risk management as the #1 priority

Learn to trade on demo

Ignore anyone who says they have an 'elite' or 'secret' trading system for only $49.95 should be avoided.

There are no 'elite' or 'secret' systems available to the general public, and anyone who is willing to sell you this information is probably scamming you.

There are no 'holy grail' trading systems for $49.95. They're a scam and you will only make someone else rich by buying them.

Paying for expensive trading classes and systems is absurd.

Don't waste your money, just learn the basics of trading and develop solid Risk Management discipline and you can be profitable.

MyFXBook, Forex Peach Army, and Baby Pips are great resources and are free.

Don't waste your money on scams.

jamesgwyther posted:

finnishpension posted:
Keep clear of the free information and opinions on forums. It is all junk or written by newbies. Find a proper paid for course from someone that has a myfxbook page with results

Not sure I agree.

Babypips
Ditto Trade
Forex Peace Army
Forex.Academy

All great places to learn for free!

I have used most of these during my journey and completely agree. There are so many fantastic resources available for free out there. Most of the 'paid courses' just regurgitate this free information.
Also, finding a genuine mentor is very difficult as the industry is littered with scammers. You need the base knowledge before even considering more advanced mentoring.

Roberto21 posted:
beginners always try to acquire knowledge by reading Book , but bookish knowledge cant bring good knowledge and experience until having regular practice.

You need to use the charts for sure

learning is good but besides this practice is more important.
 otherwise any kinds of learning attitude can be useless.

demo is the best place to see leverage performance , before live traders should use high leverage in demo., it always supportive to avoid risk when live.

As I can see most of the people have mentioned Babypips here, I also agree with the same. Babypips is a good forum to grasp basic knowledge about forex trading. Good platform for beginners. But for practical knowledge, practice on demo account is best.

i haven't heard about a forum as babypips. does it really teach beginners so well?

If you are referring to Babypips courses and training, it is exceptional, especially for new traders.

Pay attention to your technical analysis so you can see the strength and speed of market moves, but you must also pay attention to your fundamental analysis as well, as that will tell you the reasons why of the markets are moving.

Do not recommend you to take any cause it's really not applicable in many many cases out there, people usually can get something like that for free basically everywhere like a lot of other people already do suggested. So it's up to you.

RobSchiz posted:

Oktaviani posted:
Do not recommend you to take any cause it's really not applicable in many many cases out there, people usually can get something like that for free basically everywhere like a lot of other people already do suggested. So it's up to you.

Yes. I also think that every trader should make their decision with their own. Don't follow others' advice.

Yes. You are right.

it seems like so much people are maid and crazy with that courses. It's a trick. I know people who has thair own courses (like 1 of my friends). They thing that they help people but they just earn money on human laziness

all information you can get for free, expierence - only by your own

You are better off buying a book to learn forex most of the courses out there lack full information and context. For technical analysis A good book would be technical analysis of the financial markets by John F Murphy

There is even a lot of training videos in this area where it clearly shows how it works.

What about the great .Greg Secker

or the Nick McDonald

I prefer school of pipsology on babypips.

Trading courses are fine (if there free) They will teach you to trade (basic),size, Stop, Technical , Fundamentals, which as no_frame mentions above you can find in babypips

jameszenblade posted:
There are a lot of expensive Training Courses out there like AstroFX, Infinite Prosperity and Etc.

How willing are you to learn those profitable trader's strategies?

There are plenty of free materials on the internet to learn forex trading. Some of them are really good staff. We just have to do a good search. On youtube, there are some good channels that contain some great videos. Thus, I do not think we should buy expensive trading courses. Even an expensive course may not contain good lessons. We cannot be sure before purchasing it. So what is point of losing money in them.