Simple Tips for Choosing the Best Forex Courses

By: Kelly Price

There are lots of forex courses to choose from and most are not going to help you make money - but there are some good ones which can lead you to currency trading success and you can find them - with these simple tips...

The first point to keep in mind with forex courses, is that many rely on hyped claims they cannot deliver, so ignore any which claim the following:

- You Can Earn a Regular Income

Who can say this in forex trading profits are irregular NOT regular and if you trade, you need to be aware of this.

- To Reveal Little Known Secrets

Well if their revealing them their hardly secrets!

- They Predict with Scientific Accuracy

These are normally based on the far out theories of Gann, Elliot Wave and Fibonacci.

Well if you could predict markets with scientific accuracy then there would be no market, as we would all know the price in advance.

- A Simulated Track Record as Proof the System Works

You see this all the time. Most traders simply see the track record and take it at face value however, its best to read the disclaimer to see if the record is real trading or a paper simulation. You see this one a lot:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

This means nothing in terms of future profitability, just the vendor can make a track record up knowing the past data.

Now those are some things to avoid when looking for a forex trading course but what should you look for?

- Check if their Traders

This is simple, just ask some questions and see what answers you get back. This is also a good test of what sort of support you are likely to get if you deal with them.

- Try and Get a Free Report or Trial

Many currency trading courses do this as a taster so you can sample at least some of the forex advice and see if you like it.

- See what Value There Method Has

What actually are they selling that can add value to your forex trading strategy and lead you to currency trading success?

They will normally tell you what it is even if they don't reveal it, which is fair enough but look for some solid reasons you should buy.

- Look for Money Back Guarantee

You have to trust the person selling the material that its good forex trading education and you should have the right to a full refund if not delighted. Never buy a course if it doesn't offer you a guarantee.

Use Common Sense ...

A forex course should teach you tools which you can learn for yourself and apply.

While a course can teach you to trade you have to execute the trading signals and for this you can never follow a system or course blindly - you must know how and why it works, to follow the method taught with discipline.


Take your time in choosing a course, don't be afraid to ask questions before you buy and use common sense if the copy, track record or claims appear too good to be true - they probably are.

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