What to Look Out for in a Super Forex Course

By: Khalid Seyal

There are no two ways about it; to earn serious money in the Forex Market you must be equipped with the proper tools. Did you know that 95% of traders fail partly because they didn't have the right training or lacked the proper discipline and risk management. I hate to say this but most who choose a Forex Trainer do not know which one is right for them and end up failing and loosing their shirt. Some don't teach you how to do everything you need to know and you end up failing in Demo before you even get to Live trading.

I found out the hard way of course and after spending lots of money on training materials which could've gone on trading but then I would loose that too. The hardest part is choosing the right training of which there are two types out there. One is to sign up for online classes where they spoon feed you with lessons in your inbox or over the net or make you join 'webinar' style lectures. Second option is to travel to nearest city where you attend a classroom with other would be traders. For me personally this is not convenient and I do not want to be sat with other traders for fear of looking stupid in front of the class when not understanding what the Forex tutor is lecturing on about. But it could suit you to attend such courses and meet a Forex Trader face to face and ask questions in person.

What I discovered was learning online is far much better these days as technology has moved on. The biggest thing I found was you can get the same quality of training you get from a classroom in form of Videos and visual aids and learn at your own pace. I found out that most students and fellow traders learn better when they have such material to refer back to until they get the hang of it.

It's not all about technical or fundamental analysis as you have to learn risk management and treat it as a business. Hate to say it but not all Forex Gurus even teach good or proper risk management. They spend too much time on what signals to look out for and what their strategies are.

Whatever type of Forex training course you choose to fit your lifestyle just make sure you choose one that will teach you the basics as well as the more advance stuff. Here is what I discovered - reputation and experience matters when it comes to choosing who to go with. A Forex Mentor will be worth their weight in gold if they can guide you and teach you what you need to know while having access to them for reliable support.

Foreign Exchange
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