I remember my first currency trading courses well. There were 8 of us, the lecturer was an aging young man with a pigtail, quickly explained the operation of the terminal and moved on to the practical part:
– Now let’s look at this pattern on USDCHF, it’s called the head and shoulders, formed last week, draw lines here and here, entered here, exited here, earned $ 385 in 4 hours, you see how simple everything is.
The mesmerized audience is numbly observing the confident manipulations of the teacher and cannot believe their eyes: how simple it really is!
– To make it even easier, you need to learn a couple more techniques of technical analysis, for this buy a training course from me for 6,000 rubles and go ahead, go for it!
10 years have passed since then, this man with a pigtail is probably still giving his lectures in my native Kursk or in some other city of our vast country.
It’s no secret that according to statistics, about 95% of new traders lose on the market. The question arises: who and how teaches future traders in numerous courses, academies and business schools? Who needs this knowledge if it brings only losses? What can you expect from trader courses, and what can’t they provide for beginners? Is such training necessary for traders with trading experience, or is it suitable exclusively for beginners? How to select quality teaching from real practitioners? As you can see, the questions are quite relevant.
Related Posts
Let’s make a reservation right away: no one will ever give you a description of a profitable strategy that brings real money on Forex courses, if the teacher really had it, he would not work as a teacher. Forex courses will only give you general approaches and basic information. This information is needed, but it is like a primer, like a multiplication table. Knowing only it, you can never solve an equation from higher mathematics. And if after such courses a person opens a real account on Forex, then he will certainly lose it. And those who push people with basic knowledge to a real account are simply pumping money out of them. It’s all the same that a schoolchild, who has passed an excellent short course in anatomy at school, is thrust a scalpel into the hands of a surgeon and say, if you want to earn extra money, let’s cut the patient. The result is the same there and there without options.
The most interesting thing is that often the training is conducted not by practitioners, not by professional traders who would have been able to arrange demonstrative forex trading in the presence of an audience of listeners, with an explanation of their actions to open and close positions in real time, but by teachers of the Economics Department. What do you think these teachers, candidates of economic sciences, associate professors of departments will teach? That’s right, the same thing that is taught and taught always to their students in lectures and seminars – economics. They will not be able to teach the intricacies of Forex, because they have never worked in this market at all. And when should they work on Forex? In the morning, lectures at the university, in the afternoon – lectures on Forex courses, department meetings, then preparation for tomorrow’s classes, checking term papers and diploma papers, and in the evening the family finally has a personal life.
Successful practicing traders have no time to engage in face-to-face training, and why would they? Can they earn a lot by teaching newcomers?
On the other hand, there is nothing wrong with training on Forex traders courses, but only if you are firmly aware of the fact that you are not unlearned to trade profitably there. You will have to get to a profitable trade yourself. It is important to learn from really knowledgeable people, practitioners who trade Forex themselves, and not just call everyone to their broker or make a living teaching courses.
Conventionally, courses for traders can be divided into paid and free. By the level of training – for beginners and more experienced traders. By location – local (offline) and remote (online).
Novice traders are advised to complete at least one Forex training course. It is better if it is free (distance learning is ideal, i.e. online training). A beginner needs discipline in learning like no one else, and good courses are structured and involve the presentation of information in portions, piece by piece, so to speak. I got the information, learned it, applied it in practice, did my homework on it – I moved on to the next point of training. This is an ideal learning option that, unfortunately, is rarely seen in practice.
If you already trade on Forex, you succeed in something, but there is no stability – you should also try your hand at high-quality training in trading. Ignore the beginner training, try raising the bar a little higher. But you shouldn’t go into highly specialized issues either – to make money on Forex, you don’t need to be a professor with a bunch of scientific papers. All things and schemes that work effectively are simple.
If you have been practicing currency trading for some time, your task is to get to know yourself and, based on this, choose your trading strategy (method). Perhaps you are very impressed with scalping and are ready to learn new scalping tricks and strategies. Or do you like automated trading, you want and know how to test Forex advisors (experts), and in the future you will create your own robot or even several. In general, decide on a niche and work in this direction. Practice should always go hand in hand with theory, so work mindfully and choose your path.
