Wednesday, March 11, 2009

Which Courses in Currency Trading Should I Use?

There are tons of courses in currency trading out there. How do you know which one to choose? Well it really depends on what it is you're looking for. If you're brand new to currency trading and want to find out the basics or if you have experience and are looking to learn how to profitably trade the markets?

If you're a beginner to forex and what to understand the first steps of trading forex, then a couple of options are babypips.com or any number of great forex forums like forex factory. Babypips has a ton of great mini courses in currency trading. They have a new lesson almost everyday. Their approach is both very accessible and fun. It's just a perfect place to quickly learn the basics of currency trading. Another great place to learn are forums like Forex Factory. It can be a little daunting and is not as well organized as Babypips but there is a mountain of information on some of the basics of trading.

If you are a seasoned veteran of forex trading and still struggling along, then you are probably looking for something more advanced. You've struggled with the markets and are looking for a solution. I'd recommend trying to understand price action. Try to find courses in currency trading that focus on trading without indicators. I know this may sound strange considering everywhere you look, people are talking about trading systems with stochastics, MACD, moving averages and many other lagging indicators. But if you can understand the underlying reasons of price movement by looking at a naked chart, then you'll have an advantage over 95% of the trading public.

Forex trading success is much easier once you understand what you're looking at.

Make sure to check out my honest, unbiased reviews of forex trading courses.

Disgraced Wall Street financier Bernard Madoff (C) leaves US Federal Court after a hearing on March 10, 2009 in New York. Madoff's victims are set to confront the alleged swindler when he pleads guilty Thursday, but recovering the 177 billion dollars Madoff allegedly stole will be harder.(AFP/File/Stan Honda)Reuters - Stocks rose for a second day on Wednesday after JP Morgan Chase's chief executive said his bank was profitable in January and February, echoing comments by Citigroup's CEO a day earlier.

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