forex factory

04/16/2012 06:20

If you are starting in Forex and looking for decent foreign currency trading courses online then you will find this article very beneficial for you.First allow me to advice you not to buy any Forex courses at all. Never pay for something that is free everywhere.Forex trading is risky so there is no point in paying even more to download courses and eBooks that will most probably end up giving you nothing useful.For you to get all the information you need, you have to create a Forex Demo Account to get started. Then you need to browse famous forums like Forex Factory and BabyPips to get the basic information and different trading styles there is.You have to identify your self as a trader, you should know if you prefer long term trading or short term trading, what kind of budget you will be trading with and what kind of results are you looking for.Websites like BabyPips will help you understand what kind of a trader you are and what kind of strategies will suit you best.Once you know what kind of Forex trading strategies are best for you. Now all you have to do is to Google this strategy and find as much information as you can about that trading method.So for example if you are more of a swing trader, Google that term and see what kind of strategies are out there for you, go to forums like Forex Factory and browse more swing trading strategies and this is just an example.Now here is advice that you won't get from much traders, try to search for books online on file sharing websites there are a lot of precious books that you can download in PDF format for free this could be very useful.Now whatever you do, stay away from marketers that sell eBooks, robots and EAs. There are tons of marketers out there with good looking products, a sizzling super long sales letters and catchy headlines. Guess what these are just a waste of time and money. Basically all ClickBank Forex products are just junk.Learning how to trade Forex and finding good foreign currency trading courses is always free of charge if you are paying for it then you are definitely choosing the wrong path. Be careful and be smart that's all what it takes to be a successful trader.    More at forex factory