There
are many different approaches one could take to learn Forex trading.
You could be self taught and accumulate experience. The problem with
this is the time frame it will take you to accomplish this, the profits
you will lose while teaching yourself and it is certainly not
guarantied that you will ever gain all the knowledge you need to be
profitable.
Another
approach would be to read a book or combination of books. While these
will provide you an excellent place to start your training, without
question as the concepts advance to the extreme doctrines they will
become ever more demanding to comprehend and you will have nobody to
turn to for explanations.
The
above reasons and many more that are too numerous to mention are why
when I am asked what is the best way to learn Forex trading, the answer
is always with a top rated currency mentoring program. Below are the
three programs that I think will get you up to speed quicker than any
other approach and unquestionably provide you with the highest possible
education. Many international banks and brokerage firms send there new
employees to these courses to be trained on the finer points of Forex
trading. There is about as strong of an endorsement in there teaching
methods as possible.
Forex Brotherhood: This
is a new course started by Jason Alan Jankovsky a professional Forex
trader who lets you watch him in REAL TIME make trades. He is the
author of "Trading Rules that Work: The 28 essential lessons every
trader must master" (Wiley & Sons, October 2006) and "The Art of
The Trade" issued by Wiley & Sons. He is focused on the psychology
of trading as the key component to a successful trading methodology and
teaches a six-week course on trading psychology every quarter to
traders around the world. You receive FXBH Module-1 Expert Advisor
which consists of software, eBooks and videos to use as training tools.
The finest part of the program is the two daily broadcast where he
allows you to do the exact same portfolio moves as he does.
Straight Forex: Straight Forex offers
courses at the beginner, intermediate and advanced levels. Even at the
basic level you receive one-on-one mentoring service. They have been
involved in the Forex market since it was first available to retail
traders. This has given them the experience to develop and adopt
methodologies that allow them to trade consistently the Forex market.
In addition, to the above they offer to corporations who want a
solution to hedge their currency exposure. This is possible through the
Forex market; it is a cheaper solution than others such as the futures
and option markets.
Fap Winner: With the Fap Winner
program you will participate in online video conferencing with Charles
A. Floyd, II, and a highly experienced Forex trader. They have a
mentoring program where they utilize it to customize a trading program
which meets each individual’s needs and budget. You are able to
participate in online chats and video conferences with Charles A.
Floyd, II and his team Faps. They help you with the setup the trading
process by phone, Skype or live chat to begin trading in real time
based on your budget. There package is offered on three different
levels so you really need to review the benefits for each level
yourself because they are too numerous to mention here.
The
above Forex mentoring programs are a super value for the money taking
into consideration what you receive. There is an extra value not
mentioned above, and that is in each program you will have one on one
live trading sessions with the professional traders instructing you.
During these trading sessions you are permitted to utilize your own
funds for the investment and more often than not the profits from these
professional monitored trading sessions pay for the course itself.
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Straight Forex Mentoring Program Review, Where Banks and Money Managers go for Forex Training |
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If
you are really serious about trading the currency markets and making
money then you owe it to yourself to have the best Forex trading
training possible. Think about it, if your child could go to Harvard or
a community college, where would you send them? Does Tiger Woods have
the best golf coach in the world, or does he have the cheapest? You can
eat a hamburger or a filet, they are both beef, but why does one cost
more than the other? Simply put, if you need to learn Forex trading
then Straight Forex's Mentoring Program is one currency training
program that needs to be considered.
When
a bank or Forex brokerage firm needs to train an employee on the finer
points of the currency markets Straight Forex Mentoring Program is
where they send them. That alone is a very strong endorsement for the
curriculum. A great aspect of Straight Forex is that you are able to
start with their FREE classes, which are offered by very few if any
Forex training courses. If you like that and felt like it was
beneficial then you can go through there more advanced classes. I
really don't think or I am not aware of a currency training program
which offers a larger variety of options to choose from when designing
your own customized educational program.
Straight
Forex offers mentoring individually or in groups, coaching, advanced
strategy sessions and consulting for long term training. There is a
FREE blog and a FREE forum where many different subjects pertaining to
the Forex are discussed and the quality of the information provides is
fantastic. Some of the data discussed are charting procedures, entry
and exit points, stop losses and take profits, and finally maybe the
most important factor an investor needs to understand and that is how
to control the use of margins and how to make them work for you instead
of against you.
This
is not the cheapest way to learn Forex trading on the market, but in my
opinion it is one of the best. Most currency investors are going to
pump thousands of dollars into the markets with the possibility of
making very large sums. The cost of these programs can be paid for with
a few profitable trades. I highly recommend that before selecting any
online currency training program you research all the alternatives that
are available and select the program you consider the best for you. I
also highly recommend that if you are going to invest in the Forex
markets, your first invest is in your education of the Forex markets
and not an average education, but the highest quality that you are able
to find. |
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Is a Forex Mentoring Program a Path that Should be Considered When Entering The Currency Markets? |
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Not
only is acquiring a Forex mentor a path to be considered, statistics
have proven is the best method of being a profitable Forex trader for
both the long term as well as the short term. Although it is the most
costly form of currency trading education one can undertake, is that
really a critical fact in the decision making process? It is if you
don't have the money to pay for the classes, but then again if you
don't the capital to enroll in a Forex mentoring program why are you
even considering investing in the FX markets? You are far to under
capitalized to ever have a realistic chance of become a successful
trader.
If
you are truly sincere about pursuing a career as a private investor in
the Forex markets then a currency mentoring program will provide you
the most likely avenue of success. First, you will receive a
comprehensive education covering the key topics to the most
sophisticated trading strategies. So to start with you will have
develop an exceptional foundation to build the rest of you education
on.
Next,
you will have endless opportunities in one on one sessions with the
lucrative professional Forex traders that teaches the classes to pick
there brains and find out why, when and how they make a trade. During
these one on one sessions you will also participate in trading sessions
with them and you are permitted to use your own funds in these trades.
So, if you play your cards right is possible for the profits from these
trading sessions to pay for the fees required to take the programs.
There is even one Forex mentoring program that allows you to have the
exact currency portfolio as the pro teaching the class, which virtually
insures a profitable entry into the markets.
Finally,
when you leave the class you will be well prepared to start trading and
making money on you own. If you start trading and are not as successful
as you were in the class you can always go back to the Forex mentor for
a little extra help. My three favorite classes are Fap Winner, the
Forex Brotherhood and Straight Forex. Please feel free to research them
and make up your own opinion. It is with a very strong conviction that
I endorse these classes as a way to learn Forex trading. In fact, this
is exactly where many of the international banks and brokerage firms
that engage in Forex trading send there employees to become educated.
That is a pretty strong endorsement, if not the best one you could
receive about the quality of these programs. |
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Forex Mentoring Programs are the Best way to Gain a Comprehensive Knowledge of the Markets |
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If
you are looking for long term success investing in the Foreign Exchange
Markets (Forex or FX,) then possessing an extremely high level
understand of complex trading strategies is a must. Without question,
the best way to learn these trading techniques is in a Forex mentoring
program. In this article I will discuss what I believe are the three
best on the market today.
The
first one we will start with is called Straight Forex. All you need to
know about this course is that this is where banks, brokerage firms and
other large international financial institutions that invest and trade
in the currency markets send there employees for training. Enough said,
that is as strong of an endorsement that is required. They have a FREE
class you can sign up for before you make any financial commitment.
The
next class we will talk about is called The Forex Brotherhood. I have
been a member here since it opened. Obviously as a professional Forex
trader for over ten years, I really don't require too much additional
training. The reason I am still a member, is because the professional
Forex trader that instructs the class allows you to trade in real time
the exact same portfolio as he is investing in. This is a "NO BRAINER."
I don't have to think at all and make thousands each month. I just do
what he does, it does not get any easier than that.
Obviously,
when you leave the program you will have an exceptional understanding
of the FX markets. I don't know why anybody would leave, when all you
have to do is pay the monthly fee and trade his portfolio and you make
fifty times what the fee is.
The
final Forex course I am going to mention is called Fap Winner. This
program is a little different than the other two, because it will be
structured around your personality and what individualized trading
style your likely to develop and have success with. If you have not
traded before, I will attempt to explain this in greater detail.
If
in life you are a risk taker, then almost assuredly your trading style
will be one of high risk high rewards. Where as, if you are a
conservative person by nature, you will want a low risk system that
will produce consistent profits. Both trading techniques produce huge
profits if perfected and used properly, it just really depends on who
you are to begin with.
These
three Forex mentoring programs are the best there are and will all help
you learn Forex trading at its highest level. After that, it is up too
you, as to how much money you make. Because, when you leave these
courses you surly will be prepared to be a very profitable trader.
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| Can Forex
Mentoring Programs help me to Learn Currency Trading and how to Make
Money Trading the Forex Marketsurrency Trading and how to Make Money
Trading the Forex Markets |
This
is an undisputable fact, which is people who follow a Forex mentoring
program to learn currency trading do it faster and make much more money
over the long term than those who don't. A Forex mentor is a
professional FX trader who enjoys teaching and passing along their hard
earned knowledge to new investors. The cost of these course is
relatively inexpensive when compared to the experienced gained. But,
when it is compared to the amount of money one can make with a single
currency trade then it is a down right bargain. Finally, when compared
to the funds one can acquire though out a career trading the Forex
markets then you really are just stealing.
Most
of the professors teaching these classes acquired there formal Forex
education in one of two manors. The vast majority were trained by
either an international bank or world wide brokerage firm that
specialized in the currency markets. Since the FX markets have only
been deregulated since 1997 these institutions essentially had a
monopoly on this highly lucrative knowledge. The teachers of these
classes spent a great deal of time trading the Forex markets for others
until they finally had enough of making huge amounts of money for
others and broke out on there own to make the money for themselves.
The
other principle type of instructor you will find are those that are
self taught and have made enough money trading and were looking for
something else to do to occupy there time. Some of the principles you
will learn are different forms of technical analysis, such as; the relative
strength index (RSI,) the average convergence divergence (MACD,) and
trend line analysis. If you were just to learn how to use the data
provided by understanding the three techniques above along with how to
use margins for your advantage as opposed to against you, well then you
would be a very rich person.
Three
of my favourite Forex mentoring programs are Forex Brotherhood,
Straight Forex and Fap Winner. These courses are all taught online and
offer an extensive collection of learning materials. A great aspect of
the courses is that when you don’t understand a concept mentioned in a
video or book you have somebody to ask. Next, they also have one-on-one
trading sessions with you and the professional Forex trader where you
are permitted to use you own funds. This is great because in all
likelihood you will make more in profits from these trading sessions
than the course actually cost. One of the programs I mentioned above
allows you to have the same portfolio as the professional currency
trader teaching the class which virtually ensures you a profitable
entry into the markets. Which ever way you decide to approach you take
to learn currency trading a Forex mentoring programs certainly should
be considered.
http://www.tradingforexreviews.com/forex-articles/forex-mentoring-programs.html
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