Basics To Consider When Choosing A Forex Training Course
With hundreds of forex courses on the market it can be a challenge to know which course is right for you
. In this article we will look at things to consider when choosing a course.
Before thinking about which type of course would be a good match, first let's use a process of elimination. You should know that the majority of courses sold online are inaccurate at best or outright scams at worst. Most of these courses are sold through affiliate networks like Clickbank and people very often post dishonest reviews to gain affiliate commissions. So if you search on Google with the course's name and the word review, most of the time you will not be getting accurate information.
A better way to get more info is to look up the name of the trader in Google. You will be able to determine if he is a genuine trader or just another author with a fancy sales page and big promises looking to take your money. It makes sense that if you are going to learn to trade, you want to learn from someone who is really a successful trader.
The next thing we will look at is the basic types of trading. The first type is position trading which is where you make trades that last anywhere from a week to a few months. This is a great way to trade if you have a full-time job or not a lot of time to spend trading. The disadvantage of this method is that you won't get a lot of trades in per month, the advantage is that this is very low stress and can still bring in good returns.
The next type of trading is day trading where you make trades that last from a couple days to a week. This type of trading demands more attention then position trading but can still be done if you are working a full-time job and you will get more trades.
One of the most popular types of forex trading is intraday trading. Here the trades last anywhere from around an hour to day & sometimes overnight.
The final type of trading is known as scalping where the trades last anywhere from less then a minute up to an hour. This is the most difficult form of trading and personally I would not recommend it for a volatile market like forex.
By choosing the right time period and finding an experienced successful trader you will start off on the right foot with your forex training course.
Basics To Consider When Choosing A Forex Training Course