Forex Education - the Best Way to Become a Profitable Trader

By: Sacha Tarkovsky

If you want to make money at FOREX trading you need FOREX education.

Most traders think they can buy an e-book from a vendor and make money, but the fact is there is better FOREX education you can get and a lot of it for free!

Lets take a look at the best FOREX education.

First things first

Forget all the guru's and mentors offering you unlimited riches if you buy their e-books.

Most of this material is either free on the net or is based on suspect logic, which means it doesn't work.

If you buy advice make sure the vendor has real time track record of success.

That gets rid of 99% of systems and courses!

Keep in mind most of these vendors make money from selling systems not trading them.

FREE Essential material

If you are trading FOREX you should trade a technical method and everything you need to know is available about technical analysis free on the net.

You need to know about indicators so pick some you like to confirm chart moves. If you are looking we suggest these ones as essential:

The stochastic, RSI, moving averages and Bollinger Bands.

Then learn how breakout methodology works and base your system around this.

You can read about them on the net and look at them on free chart services such as futuresource.com

It's easy to build a system that works and we have shown you in other articles how to do this.

Great Value Material

If you are going to buy FOREX education make sure you buy from people who have made money and there are some great books available that cost very little in your local bookstore or online.

Here are some good ones to look at.

Victor Sperandeo - Trader Vic

Simply our favourite book.

Easy to read and packed with insight on everything from money management to trading a system. A true trading legend.

Jacob Bernstein

One of the great writers in our view on the psychology of trading markets.

Really gets into the mindset of successful traders and his books are always a very good read.

Market Wizards & The New Market Wizards - Jack Schwager

These books interviewed a wide range of traders who can be considered legends.

Although they all trade differently they all have certain things in common.

This is a very inspiring and is packed with great insight into what makes a great trader.

Buy these books!

There are other books of course, but we like these, as there not only packed with great trading knowledge, there also easy to understand and fun to read.

You will be able to pick up these books for under $100 or so and there far better value than 99% of e-books sold and will give you a far better FOREX education.

Keep it simple

So get your system together from free material and then refine it with the above great books and you will be all set to approach FOREX trading with confidence and get on the road to consistent profits.



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