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forex Courses

  • #21
  • May 15, 2018 10:08am May 15, 2018 10:08am
Quoting AlastorFate
Here is the interesting point, why aren't most traders profitable in trading (ie. still consistently losing) after taking expensive courses?
Easy. Because most of them all teach the same thing; trading historical trades all over again using support/resistance lines, lol. A few others think the shape of a candle on time frame X matters. So, they make trades based on closed trades or make trades based on perceived momentum. Neither are aligned to the current market movement, so obviously, they will lose. Brainwashed by tons of salesmen working for banks that want to control your trades so they can steal your money.
You cannot be extraordinary by being normal
  • #22
  • May 15, 2018 10:11am May 15, 2018 10:11am
Quoting mlawson71
{quote} It has never occurred to me to look at it that way. Come to think about it, most books that I've seen and read are that way too, unfortunately.
It is similar to threads on FF. If the market produces easy trades for good profit, you will see threads pop up telling how great their system is, lol. One hit wonders.
You cannot be extraordinary by being normal
  • #23
  • May 15, 2018 7:30pm May 15, 2018 7:30pm
There are courses which teach you the understanding of technical trading.
Those who offer trading advice attached to that I wouldn't touch and are normally a scam.

Anything else you can learn yourself via online or textbook and the MT4 .
  • #24
  • May 15, 2018 10:43pm May 15, 2018 10:43pm
Quoting Zygons
Has anyone done a Forex trading course of any description other than reading books? If so what courses are there?
Here's how i learned how to trade forex:
1. Learn the fundamentals--babypips is a good place to get started.
2. Find one trading method that you think will work for you. Back when i started, scalping m5's using bollinger bands made sense for me.
3. Start live trading with money you can afford to lose. $300 to $500 is a good amount to start with.
4. Keep notes on both your losing trades and trades that made money.
5. Look at how other traders make money and see if you can make it work for you.
6. Dont be greedy.
youtube.com/@jimstradingjournal
  • #25
  • May 16, 2018 1:39am May 16, 2018 1:39am
Quoting syfx
{quote} Here's how i learned how to trade forex: 1. Learn the fundamentals--babypips is a good place to get started. 2. Find one trading method that you think will work for you. Back when i started, scalping m5's using bollinger bands made sense for me. 3. Start live trading with money you can afford to lose. $300 to $500 is a good amount to start with. 4. Keep notes on both your losing trades and trades that made money. 5. Look at how other traders make money and see if you can make it work for you. 6. Dont be greedy.
Can you please elaborate your 5 number point? I mean, how can we know that, others trader are making money or not?
  • #26
  • Last Post: May 18, 2018 7:02am May 18, 2018 7:02am
Quoting syfx
{quote} Here's how i learned how to trade forex: 1. Learn the fundamentals--babypips is a good place to get started. 2. Find one trading method that you think will work for you. Back when i started, scalping m5's using bollinger bands made sense for me. 3. Start live trading with money you can afford to lose. $300 to $500 is a good amount to start with. 4. Keep notes on both your losing trades and trades that made money. 5. Look at how other traders make money and see if you can make it work for you. 6. Dont be greedy.
good suggestion , i also prefer pips school for the traders who are particularly newcomers. besides this school level it is more appropriate to trade in a demo or micro account to ensure a live experience.
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