Is it worth paying for an online trading course? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Paying Yourself 7 replies

Are Banks offering Online Retail Fx trading worth considering 14 replies

any online certified diploma level course for forex? 18 replies

Would you stop trading if you found better paying job?? 44 replies

FOREX course - worth to invest $ ? 3 replies

Is it worth paying for an online trading course?

  • #1
  • First Post: Jul 3, 2014 1:38pm Jul 3, 2014 1:38pm
I'm currently considering trying out the following course: 2ndskiesforex.com/advanced-price-action-course
Do you think this would be a waste of money? Has anyone here tried this course?
  • #2
  • Jul 3, 2014 1:58pm Jul 3, 2014 1:58pm
Quoting Ponzi Jr
I'm currently considering trying out the following course: 2ndskiesforex.com/advanced-price-action-course Do you think this would be a waste of money? Has anyone here tried this course?
To start off with, you may want to change your ID..just kidding. Moving on, nope I have not heard of this course but generally, most courses are scams by wannabe traders who have opted to make money by scamming others. That does not mean that all the online courses are just a rip off..so you need to do your research and work out if the course is the real McCoy..
If you are a newbie, there's no point in paying for a course as all the info is already available online for free. As a trader, you may want to polish your strategies with an advanced course..either way, do the research, work out if the course is for real and who's offering it, what the modules are and decide..good luck.
  • #3
  • Jul 3, 2014 3:05pm Jul 3, 2014 3:05pm
Quoting Ponzi Jr
I'm currently considering trying out the following course: 2ndskiesforex.com/advanced-price-action-course Do you think this would be a waste of money? Has anyone here tried this course?

I'm currently considering trying out the following course: 2ndskiesforex.com/advanced-price-action-course

==> avoid like the plague

Do you think this would be a waste of money?

==> yes!

Has anyone here tried this course?

==> no need, they are all the same.
  • #4
  • Jul 3, 2014 4:29pm Jul 3, 2014 4:29pm
Quoting Mingary
{quote} I'm currently considering trying out the following course: 2ndskiesforex.com/advanced-price-action-course ==> avoid like the plague Do you think this would be a waste of money? ==> yes! Has anyone here tried this course? ==> no need, they are all the same.
What, in your opinion, is a preferable source of knowledge?
  • #5
  • Jul 3, 2014 5:08pm Jul 3, 2014 5:08pm
Quoting Ponzi Jr
{quote} What, in your opinion, is a preferable source of knowledge?
The only source of knowledge is experience; but experience is a cruel teacher, it gives a test before presenting the lesson.
  • #6
  • Jul 3, 2014 5:16pm Jul 3, 2014 5:16pm
It depends what you are looking for really. The majority or Forex training courses are a complete waste of time and money.

If you are a new trader i would recommend you educate yourself through Forex Factory initially. This will give you an understanding of the basics of trading.

If you want to learn how to make money from trading, then i suggest you consider paying a professional Forex trader to teach you how to do that.

This article may help you. http://www.tradeforexmakemoney.co.uk...ont-teach-you/
Sow the seeds of knowledge, and watch them grow into success.
  • #7
  • Jul 3, 2014 5:30pm Jul 3, 2014 5:30pm
I have looked at second skies. it is run by Chris Capre and is not a scam and anyone who has not heard of him has not been in this industry very long.
i wouldn't buy it but they do have lots of free information on the site.
also look at http://www.learntotradethemarket.com
and http://www.winnersedgetrading.com/

All three of these have daily market analysis and tons of free information as well as trade setups ....and free is always good
Cheers and good luck,
Len
Think Outside the Box.....
  • #8
  • Jul 3, 2014 7:26pm Jul 3, 2014 7:26pm
Quoting RobTaylor
It depends what you are looking for really. The majority or Forex training courses are a complete waste of time and money. If you are a new trader i would recommend you educate yourself through Forex Factory initially. This will give you an understanding of the basics of trading. If you want to learn how to make money from trading, then i suggest you consider paying a professional Forex trader to teach you how to do that. This article may help you. http://www.tradeforexmakemoney.co.uk...ont-teach-you/
Surely this is mathematically flawed? If you have 100 traders and only 5% of them make money and you then teach a trader who is not in the 5% to make money he then becomes one of the 6%...
  • #9
  • Jul 3, 2014 7:34pm Jul 3, 2014 7:34pm
Quoting Ponzi Jr
I'm currently considering trying out the following course: 2ndskiesforex.com/advanced-price-action-course Do you think this would be a waste of money? Has anyone here tried this course?
I've never looked at the course you mention but I can give you some pointers now that will shorten your curve...

Buy support into uptrends and sell resistance into downtrends.

Cut your losses short and let your winners run.

Don't use too tight a stop loss but do put it somewhere sensible like behind support or resistance.

A mechanical exit is usually better than going on instinct.

Treat every trade individually when it comes to trade management. Don't close one for a loss and one for a profit and feel good because one covered the other. Get the most out of every winner no matter what is happening with your other trades.

Individual trade outcomes have no bearing on your overall profitability. Don't get down in the dumps when you lose a few trades in a row, take 1000 trades and then evaluate your situation. Likewise don't get elated and start whooping for joy when a string of winners turns up.

If you can come up with your own system that does the above then you'll be there. Most courses will only end up telling you something similar but with some trading rules attached to it.

Good luck.
  • #10
  • Jul 3, 2014 7:40pm Jul 3, 2014 7:40pm
Well said Hugh. very good advice.....
Think Outside the Box.....
  • #11
  • Jul 3, 2014 7:41pm Jul 3, 2014 7:41pm
Quoting e-trader
Well said Hugh. very good advice.....
Thanks fella, just passing it on.
  • #12
  • Jul 4, 2014 3:01am Jul 4, 2014 3:01am
Quoting Hugh Briss
{quote} Surely this is mathematically flawed? If you have 100 traders and only 5% of them make money and you then teach a trader who is not in the 5% to make money he then becomes one of the 6%...
LOL Hugh. By the time i have finished teaching, the 5% will become the 10%.
Sow the seeds of knowledge, and watch them grow into success.
  • #13
  • Jul 4, 2014 3:15am Jul 4, 2014 3:15am
Quoting RobTaylor
{quote} LOL Hugh. By the time i have finished teaching, the 5% will become the 10%.
I have a feeling you do know what you are talking about but this poll suggests you will need to prove it first

http://www.forexfactory.com/showthread.php?t=492771
  • #14
  • Jul 5, 2014 11:25am Jul 5, 2014 11:25am
Quoting Hugh Briss
{quote} I've never looked at the course you mention but I can give you some pointers now that will shorten your curve... Buy support into uptrends and sell resistance into downtrends. Cut your losses short and let your winners run. Don't use too tight a stop loss but do put it somewhere sensible like behind support or resistance. A mechanical exit is usually better than going on instinct. Treat every trade individually when it comes to trade management. Don't close one for a loss and one for a profit and feel good because one covered the other....
True words written by a hugely profitable mogul in trading FOREX!!!
  • #15
  • Jul 5, 2014 4:22pm Jul 5, 2014 4:22pm
Quoting Winston Reed
{quote} True words written by a hugely profitable mogul in trading FOREX!!!
Hey thanks! I knew you'd see it my way eventually

Anyway, just wanted to make sure you have seen this...

http://www.forexfactory.com/showthre...59#post7584259
  • #16
  • Jul 5, 2014 6:40pm Jul 5, 2014 6:40pm
Quoting Hugh Briss
{quote} Hey thanks! I knew you'd see it my way eventually Anyway, just wanted to make sure you have seen this... http://www.forexfactory.com/showthre...59#post7584259

Let me set things straight:
1. May main beef with you is spamming other commercial threads to gain attention. Nothing less, nothing more.
2. Read 1.
3. Repeat.

Other than 1., 2. and 3. above I could care less about you, your website, your thread, your e-book and most importantly your profitless system.
You owe apologies to those threads you have spammed. You are not profitable and can not prove it so you should have never made the comments you did on those threads.
  • #17
  • Jul 6, 2014 12:56am Jul 6, 2014 12:56am
So really what you are saying is that you don't care whether I am profitable or not and won't give me the opportunity to show you what I a doing because of your personal issues with me. Just answer one thing... If I can't make a profit then why would I start a trade explorer?
  • #18
  • Last Post: Jul 6, 2014 9:05am Jul 6, 2014 9:05am
Quoting Hugh Briss
So really what you are saying is that you don't care whether I am profitable or not and won't give me the opportunity to show you what I a doing because of your personal issues with me. Just answer one thing... If I can't make a profit then why would I start a trade explorer?
Read #1 again. Many unprofitable traders post trade explorers. Posting a trade explorer is honorable but has little to do with profit. I dont know how to make it clearer. You rudely challenged Raghee on her thread. Your challenge presumes you are on equal ground as Raghee. But you are not. You dont have credentials anywhere close to hers yet you feel it appropriate to make such a challenge. If you had demonstrable record of profit then such a challenge would have been appropriate.
0 traders viewing now