No One Should Ever Pay For A Beginner Course | Forex Factory

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No One Should Ever Pay For A Beginner Course

  • #1
  • First Post: Mar 25, 2015 4:59pm Mar 25, 2015 4:59pm
The Aim of this thread is to help Rookies out there looking for quality free beginner courses get the best possible, and not to fall in the clutters of bogus paid courses.

There are a lot of bogus courses out there. I am not so much concerned about the advanced trading courses, but rather the beginner courses.

Some providers are charging for traders to take their beginner courses, and in my opinion, the only stage a trader should begin to contemplate about taking a paid course is at advanced levels. As for beginners, there is too much online available free.

Nonetheless, you should still make sure you are not getting the bogus stuff.
  • #2
  • Mar 26, 2015 2:56am Mar 26, 2015 2:56am
I agree moonshot there is so much information out there for the beginner.

What I would say is that if anything there is too much and for beginner it can I suppose be overwhelming.

A course could become attractive because the information is organised.

For a beginner I would suggest the best place to start is babypips as they run a school. Then maybe a book to help develop a strategy and then just use forums.
  • #3
  • Mar 26, 2015 3:36am Mar 26, 2015 3:36am
I visited free brokers courses)
  • #4
  • Mar 26, 2015 6:41pm Mar 26, 2015 6:41pm
Quoting richieforex
I agree moonshot there is so much information out there for the beginner. What I would say is that if anything there is too much and for beginner it can I suppose be overwhelming. A course could become attractive because the information is organised. For a beginner I would suggest the best place to start is babypips as they run a school. Then maybe a book to help develop a strategy and then just use forums.
Yes, babypips is a great place for beginner courses, totally agree. I have also come across others with impressive reviews/ratings. But I guess you really never know unless you take a look yourself. Some ratings can be deceiving, but overall babypips needs no one to review it the users of the site have impressive testimonials and they are thousands of them.
  • #5
  • Mar 26, 2015 9:57pm Mar 26, 2015 9:57pm
Quoting moonshot
The Aim of this thread is to help Rookies out there looking for quality free beginner courses get the best possible, and not to fall in the clutters of bogus paid courses. There are a lot of bogus courses out there. I am not so much concerned about the advanced trading courses, but rather the beginner courses. Some providers are charging for traders to take their beginner courses, and in my opinion, the only stage a trader should begin to contemplate about taking a paid course is at advanced levels. As for beginners, there is too much online available...
+1

Developing the proper state of mind and learning specific lessons by figuring something out on your own, are assets best acquired from the beginning. An experienced trader has tested not only the market's boundaries, but also his own, and this takes time. An hour long introductory course will never replace the time spent in the markets - trading live.

My firm provides introductory courses, and they're basic - That's why they're free. They're meant for the person who thinks forex is binary options.
  • #6
  • Mar 26, 2015 10:29pm Mar 26, 2015 10:29pm
Agreed..it goes without saying that newbies should not have to pay for any beginner course..for all the info they need is already available for free,, right here, on baby pips and countless other resources.
  • #7
  • Mar 27, 2015 4:17am Mar 27, 2015 4:17am
Agree and I also went through BabyPips' "school" when started. It is jargon free and widely popular in China and free translations were also made by some traders.
  • #8
  • Mar 27, 2015 4:48am Mar 27, 2015 4:48am
Quoting richieforex
I agree moonshot there is so much information out there for the beginner. What I would say is that if anything there is too much and for beginner it can I suppose be overwhelming. A course could become attractive because the information is organised. For a beginner I would suggest the best place to start is babypips as they run a school. Then maybe a book to help develop a strategy and then just use forums.
I think Richie's post is the most accurate minus the last sentence. The last sentence, in my opinion, should read... "Then use forums to find a good tutor."
  • #9
  • Mar 27, 2015 5:55am Mar 27, 2015 5:55am
Quoting moonshot
The Aim of this thread is to help Rookies out there looking for quality free beginner courses get the best possible, and not to fall in the clutters of bogus paid courses. There are a lot of bogus courses out there. I am not so much concerned about the advanced trading courses, but rather the beginner courses. Some providers are charging for traders to take their beginner courses, and in my opinion, the only stage a trader should begin to contemplate about taking a paid course is at advanced levels. As for beginners, there is too much online available...
Paid Fx trading courses? - Yes!
Paid trading system (aka exponential money generators)? - No!
I'd use that springboard if I could afford. Summarized theory for money - why not, taking math lessons is the same. You'll learn but it depends on you will you find a job with your new knowledge or no.
Doubt that it can divulge some know-hows (working ones) but at least you will get a clue about basics or maybe advanced trading techniques and save time you might have spent on torrent of newbie questions on forums.
Smart guys like me waiting for their brokers to hire paid mentors for free webinar. It's the only way to combine paid knowledge with free access. Sometimes I watch Janne Mutta at Hotforex to get equipped with some fresh fundamental ideas, he is pretty good at technical trading but sometimes shoots with fundamental tips too.
  • #10
  • Mar 27, 2015 8:00am Mar 27, 2015 8:00am
Hey guys i am new to this forex game and im into a 5min scalping method, the onlt thing is i cant seem to time my entry correctly i have downloaded a candle countdown indicator to my desktop i open---- local disc--open--- programme files--open ----metatrader---mql---experts---i than copy the file on my desktop and paste it in experts, my metatrader is not open at this time, when i open it to go look for the clock indicator i cant find it, this happended with other indicators as well that itried to save, so i dont think the problem is with the indicators i must be doing something wrong, please help
  • #11
  • Mar 27, 2015 8:33am Mar 27, 2015 8:33am
oh and to add to this topic i have been watching alot of different people on youtube over the last two weeks, but the person i would strongly recommend is Oliver Velez, he just makes it so simple you can see he has been doing this for a long time, im not here to promote him im here to help you not waste two weeks as i have looking at different peoples strategies as a beginner to find a perfect strategy i have been on here FF for two weeks tryna copy other peoples strategies but none has been as clear as Oliver Velez, simple price action and two MA, really as OP says there is no need to pay for a beginners course, i have only now started making profit on my demo account, after finding this guy on youtube, i have read many times on these forums, KISS(Keep It Simple Stupid) this guy really simplifies stuff
  • #12
  • Mar 27, 2015 11:39am Mar 27, 2015 11:39am
Hi, Great thread

I would also recommend the FXstreet education course. It is free and covers a bit more than babypips. I have sent people there and had good feedback.

MT
  • #13
  • Mar 27, 2015 11:41am Mar 27, 2015 11:41am
Hi,

You are in the wrong thread, post it in platform tech and i am sure someone will help you.

MT


Quoting BugattiBoy
Hey guys i am new to this forex game and im into a 5min scalping method, the onlt thing is i cant seem to time my entry correctly i have downloaded a candle countdown indicator to my desktop i open---- local disc--open--- programme files--open ----metatrader---mql---experts---i than copy the file on my desktop and paste it in experts, my metatrader is not open at this time, when i open it to go look for the clock indicator i cant find it, this happended with other indicators as well that itried to save, so i dont think the problem is with the indicators...
  • #14
  • Mar 27, 2015 4:04pm Mar 27, 2015 4:04pm
I loved the babypips one. I may head over to the fxstreet just to compare. Thanks for the tip mytrader.
  • #15
  • Mar 27, 2015 8:15pm Mar 27, 2015 8:15pm
Quoting mytrader1961
Hi, Great thread I would also recommend the FXstreet education course. It is free and covers a bit more than babypips. I have sent people there and had good feedback. MT
I haven't looked at the FXStreet course, thank you for the tip, I will check it out over the weekend, maybe I could add it to my list of references for traders looking for free beginner courses. I bet finding the right ones is like a couple of needles in a haystack given the magnitude of offers on the web. Sometimes these tips make the long list shorter by pointing us in the right direction.
  • #16
  • Mar 27, 2015 8:22pm Mar 27, 2015 8:22pm
Quoting VolTrader23
{quote} They're meant for the person who thinks forex is binary options.
Damn I hate Binary options! and you are right, there are several wannabe Forex Traders out there would still cannot differentiate the two (binaries & Forex). I have also seen some Binary brokers offering hybrid FX trading. So I guess, more confusion for the confused already. As such I bet your firm would play a huge part to staring a good number of the newbies in the right direction.
  • #17
  • Mar 28, 2015 2:42am Mar 28, 2015 2:42am
Hi, everyone

I see learning to trade on your own is like trying to complete a degree with no syllabus. The journey also requires the commitment required of a degree.

MT
  • #18
  • Mar 28, 2015 3:02am Mar 28, 2015 3:02am
Babypips school is great for beginners. But no trader should leave their education there, they should delve into it further, research, read and skeptically accept knowledge.
  • #19
  • Mar 28, 2015 8:35am Mar 28, 2015 8:35am
Quoting mytrader1961
Hi, everyone I see learning to trade on your own is like trying to complete a degree with no syllabus. The journey also requires the commitment required of a degree. MT
Well put.
If I knew how much commitment was involved in becoming a consistently profitable FX trader I probably would have looked elsewhere to invest my money and time.
  • #20
  • Mar 29, 2015 10:07am Mar 29, 2015 10:07am
Quoting moonshot
{quote} Damn I hate Binary options!
I heard a rumor that people who trade Binary options almost always lose money. It looks all sketchy to me lol
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