Currency Trading Courses for Trading Success

By: Kelly Price

Many traders want to learn currency trading and the obvious place to start is with a currency trading course and there are many that are sold online - but how do you choose one? Here are some important points to consider.

1. Are The Vendors Traders?

I would say most the currency trading courses sold online are not traders and are simply marketing companies. Ignore any course that promotes itself in the following way:

- You can earn a living forex trading with no effort

- You can make a regular income

- Forex day trading or scalping works

- They will reveal secrets that no one else knows

All the above is simply hype used to sell a course and none of it has any basis in reality.

2. Track Records

The next point to look at is the track record.

If your currency trading course does present one then look for the following disclaimer if you see it - don't buy it! Here it is:

"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".

Well if you have read that you will see a vendor can make up anything he likes in hindsight to make his currency trading course more attractive - don't be fooled its not real.

2. Guarantee

Do not ever buy a currency trading course without a guarantee of what you are getting most reputable currency courses will give you your money back if they don't deliver what they say, so make sure you have the comfort of one before buying.

3. Be Realistic and Remember

A currency trading course should not be seen as someone giving you profits but someone giving you the tools you need to apply for profits.

Vendor can only give you the tools and show you how to use them the rest is up to you and you must accept responsibility for your actions - ONLY you can give yourself success.

It's a bit like teaching someone to do anything, there will always be those that fail, those that achieve success and those that achieve massive success. The good news is - everything about learning currency trading can be specifically learned and applied, by those with the desire to succeed and a willingness to learn.

You are not restricted by body or mind only certain people can become successful sprinters and rocket scientists but currency trading is different. You don't need to be fit and you don't need intelligence - currency trading is essentially simple and does not rely on an innate gift from god.

You are going to say if that's true why 95% of currency traders fail do.

Well it's not for the above reasons, it's due to the fact they either get the wrong forex education or have the wrong mindset - but they could learn the correct one if they want to - we will cover this area more in the next article in this series.

For now all I want to stress is - if you get the right currency trading course it can help you get and apply the right tools for currency trading success - IF you use the above points as a guide to getting a good one.

Trading
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