In this article, I’ll be bluntly honest about Forex trading and more particularly all the trading courses that can be found online.
As you may already know I strongly believe Forex trading is one of the best opportunities of our time to become self-employed and live life on our own terms.
Unfortunately the appeal for quick, easy gain has made it more and more difficult for wannabe full-time Forex traders to find an online course worth following.
Marketers build and promote low quality courses sometimes to the point where people believe Forex trading is a scam by itself.
Let me tell you this:
There IS plenty of money to be made trading the foreign exchange market.
But YOU need to continue to dig and find a trading course that is worth and STICK to it.
More specifically, here are some tips for you in order to greatly increase your chances of finding a good, relevant online Forex trading course:
1.There is no magic button
Hopefully, if you are looking for an online Forex trading course rather than a “magic button”, you have come to understand this already.
No one can design a button/system that will predict the future of the market.
And even if someone would. Do you think he’ll sell it for a few hundreds dollars?
2.No robot (even human) can predict the market
There are a lot of robots claiming amazing performances being sold out there.
In fact, it is quite easy to build this kind of robots. You take past data and build your robot so that it matches incredible past performances.
How hard is it to “predict” something that has happened already?
Now use this same robot for your trading and I can guarantee that you’ll quickly lose all your money.
The fact is: No one (even a human) can predict the future of the market.
The only way to make money on the Forex market is to build a system giving you higher probability to win than to lose on the long term.
You will still have losing trades and that’s fine. Because you know your system is winning on the long haul.
But no one will never be able to predict the future of the market. If there is an online Forex trading course pretending it can, just leave.
Because it’s just another scam.
3.You can’t learn Forex trading in a few days
Now it’s ok to blame poor quality Forex trading courses.
But you also need to understand it takes time and efforts to master a skill like Forex trading.
No matter how good the course is, you will never be able to make a full time living from Forex trading after a few days training.
You have to stick to it!
Aren’t a few months/years of work worth a complete lifestyle change?
When you have found an online Forex trading course you’ll quickly find out if it is worth.
Once you found it, it is your responsibility to stick to it and make the necessary efforts in order to become a full-time trader from home.
4.Anyone can do it
You don’t need a Harvard degree to become a successful Forex trader.
You don’t need to be a math genius either.
You just need to be eager to learn and work at it on a consistent basis.
No matter your age, gender or background, your attitude is much more important than anything else.
5.Psychological adjustment is essential
This is not something you would have read a lot before concerning Forex trading.
However there is quite a good amount of psychological adjustment necessary to really perform trading Forex.
First of all you need to believe it is possible and you can do it.
But after that you’ll also have to get your head around the fact that winning is not what matters.
What really matter are profits.
Meaning that a system can lose more often than another one but still bring more money in.
Furthermore you will also have to consistently follow your system rather than your emotions.
This is often a tough challenge but one that needs overcome in order to become a great Forex trader.
The best online Forex trading courses go deep into the psychological aspect because it simply is an essential part of trading.