What to look for in a forex trading course?
If you are thinking about purchasing a forex trading course, you definitely have a seemingly infinite amount of choices to pick from. The are tons of courses from every particular kind of trader. It doesnt matter if you like to scalp the market, and buy or sell several times a day, or are a more long term position trader.
The real important thing you should be asking is what am I actually going to learn if I were to purchase this course? Are you just going to get the same generic rhetoric that you normally get in more forex communities or is this course really going to help me to accomplish my dream of making a living in the forex market by having a deeper understanding of it.
The problem nowadays is that the vast majority of forex trading courses just don’t do a good job of explaining why the markets move the way that they do. Instead most just give you some kind of generic system where you throw a bunch of indicators on your charts just to see what sticks.
I don’t even know where to begin with what’s wrong with this.
Lets begin with the obvious. Indicators are lagging by nature. What this essentially means is that you are making your trading decisions off of information that has already passed. Does that sound logical??
Also, not to be blunt, but what in the world are these indicators actually telling you? Look at the stochastics indicator. With this indicator, you are supposed to know whether the market is overbought or oversold.
The question I want to ask you is do you really think that the majority of traders even have the slightest idea what it would mean in order for a currency to be overbought or oversold? I really don’t think so. In fact, most just see a bunch of colors and lines.
All of this goes to the original question I asked in this article. What is it that you are learning?
Filed under: Currency-Trading
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