Can anyone suggest good FOREX training courses?
December 7, 2011 - 9:59 pm
I know little to nothing about Forex, never have invested in it but have a few extra dolars that I would like to invest and though about FOREX as an option. Can anyone suggest any good training courses?
thanks for the input!
yes this one is excellent – gulliblefools.com
December 8th, 2011 at 3:35 am
No, I cannot. FOREX is terrible for novice investors. 75% of all investors lose nearly their entire stake within the first few months because the game is stacked. The FOREX trading company sets exchange rates, not the open market. You’re playing against the house. Due to the minimum lot sizes (usually several thousand dollars each), you MUST leverage your investment of several hundred and when the currency goes down by a tiny fraction, the company forces sale of your investment before you have a chance to recoup losses in order to meet the margin call. Stay away.
Don’t take my word on it:
http://discussions.latimes.com/20/lanews/la-fi-amateur-currency-trading-20110403/10
But if you still insist, I’m betting 3 to 1 that you lose your entire investment within 120 days.
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December 8th, 2011 at 3:43 am
Check out my forex blog.
http://elliottwavesforex.blogspot.com/
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December 8th, 2011 at 4:31 am
Like the first guy said, Forex is tough. However, it’s not all gloom and doom. Some traders actually do make money in this market. Going through a good training course can show you the ropes so that you do not make any stupid decisions with your money along the way. Before you sign up for a training course, be sure to do your homework because some of them are not worth the money. You can check out this page for a few reviews on some of the best courses out there.
http://www.forex-trading-rookie.com/forex-trading-school.html
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http://www.forex-trading-rookie.com/forex-trading-school.html
December 8th, 2011 at 5:00 am
yes this one is excellent – gulliblefools.com
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December 8th, 2011 at 5:35 am
There is a blog with over 70 articles on forex trading . I hope this helps, you can find it at http://a1trader.com
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a1trader.com