Free Online Forex Trading Courses

Over recent years online Forex trading has now become big business and
certainly in the financial sector this is the biggest market of all in the
world. The reason why this market has grown compared to the many other financial
markets is because of the rise in the number of traders working online rather
than using the more traditional method of trading by using the phone. Because of
this increase there are a number of sites which are now offering to people the
chance of learning about this through taking free online Forex trading courses.


However as with a lot of things in life today sometimes the best things in life
are not for free and certainly the same could be said for many of these courses.
When you are considering taking an online forex trading course, there are a
number of things that you will need to take into consideration.

1. Who is offering this course?
2. Just why is it they are offering to provide you with a book to learn about
Forex trading for free?
3. Are they actually offering this course because they are promoting a
particular trading site and then want you to enroll on it?
4. Once you begin to read the book do you find that they are being extremely
pushy when it comes to actually getting you to use a particular website to
invest your money in?

The answers that you provide to the above questions will help to show you just
how honest the information being provided to you for free is.

One way of discovering if the free online forex trading course that you are
looking at is of the highest standard is by looking at how much of the
information contained within it is replicated elsewhere. You will soon learn
that a lot of the information you find in some of the free online forex trading
course books can easily be found when you search the net.

So rather than using these books or courses to teach you how to trade on the
Forex market instead use the advice and articles about the subject that are
being offered on other sites. Plus why not join one of the many forums that have
been set up and discuss your issues with some of the people here. They are
people who have been trading on the Forex market for some time and will often
offer you the best advice when it comes to finding a suitable course for
learning about Forex trading.

Certainly the better free online Forex trading courses are those that do not
limit themselves to telling you about how one company trades. Rather it should
be providing you with views of all the sites that are available and which are
run by established companies. Any such courses should be prepared to provide you
with everything that you need to know about the world of Forex trading and not
restrict you to using the services of just one or the abilities of one company.

Forex Day Trading System - Why Don't Day Trading Systems Ever Make Profits?

Forex day trading systems are popular and there are numerous ones for sale on
the net and they make big claims but never have a track record that's real, its
always simulated in hindsight - why don't they make money lets find out...

Here is the disclaimer you always see and it's not worth the paper it's written
on in terms of helping you make profits:

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".

All the track records you see on day trading systems carry this or a similar
disclaimer.

All it means is - the vendor can make money by having the closing prices to hand
and simulate (make up) an appealing track record. You never see a simulation
lose!
The reason is you, me or my seven year old niece, could make money knowing the
closing prices.

Of course this is why these systems never make money, because in real life you
have to trade not knowing the closing prices!

You have to wonder why any forex trader would buy a forex trading system from a
vendor, when the vendor hasn't got the confidence to trade it himself - but they
do, in huge numbers and are blinded by greed and fear.

So why doesn't day trading work?

Common sense really, you have countless millions of forex traders who all think
differently and this vast diverse mass make the price. You can't possibly hope
to measure what such a diverse base of people will do in a day or less.

Anyone who says they can - ask for their real long term track record to prove
it.

Volatility is random in short time frames and as prices can go anywhere in a day
session, therefore you can never get the odds on your side and never win.

How to Win

If you want to make money at forex trading do not base your forex trading
strategy on day trading. If you want to win either, swing trade and look for
moves lasting between a few days and around a week or long term trend follow.


Both the above can work day trading doesn't.

So leave forex day trading systems to the naïve and greedy traders who think
forex trading is easy - go and get yourself some sensible forex education and
trade longer term for forex success.

By:
Monica
Hendrix

Article
Directory: http://www.articledashboard.com

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