If you want to make money at FOREX trading you need FOREX education.
Most traders think they can buy an e-book from a vendor and make money, but the fact is there is better FOREX education you can get and a lot of it for free!
Lets take a look at the best FOREX education.
First things first
Forget all the guru’s and mentors offering you unlimited riches if you buy their e-books.
Most of this material is either free on the net or is based on suspect logic, which means it doesn’t work.
If you buy advice make sure the vendor has real time track record of success.
That gets rid of 99% of systems and courses!
Keep in mind most of these vendors make money from selling systems not trading them.
FREE Essential material
If you are trading FOREX you should trade a technical method and everything you need to know is available about technical analysis free on the net.
You need to know about indicators so pick some you like to confirm chart moves. If you are looking we suggest these ones as essential:
The stochastic, RSI, moving averages and Bollinger Bands.
Then learn how breakout methodology works and base your system around this.
You can read about them on the net and look at them on free chart services such as futuresource.com
It’s easy to build a system that works and we have shown you in other articles how to do this.
Great Value Material
If you are going to buy FOREX education make sure you buy from people who have made money and there are some great books available that cost very little in your local bookstore or online.
Here are some good ones to look at.
Victor Sperandeo – Trader Vic
Simply our favourite book.
Easy to read and packed with insight on everything from money management to trading a system. A true trading legend.
Jacob Bernstein
One of the great writers in our view on the psychology of trading markets.
Really gets into the mindset of successful traders and his books are always a very good read.
Market Wizards & The New Market Wizards – Jack Schwager
These books interviewed a wide range of traders who can be considered legends.
Although they all trade differently they all have certain things in common.
This is a very inspiring and is packed with great insight into what makes a great trader.
Buy these books!
There are other books of course, but we like these, as there not only packed with great trading knowledge, there also easy to understand and fun to read.
You will be able to pick up these books for under $100 or so and there far better value than 99% of e-books sold and will give you a far better FOREX education.
Keep it simple
So get your system together from free material and then refine it with the above great books and you will be all set to approach FOREX trading with confidence and get on the road to consistent profits.
Related Articles
Choosing the Most Profitable Forex, Futures and Stock Trading Time Frames
By: mark | 30/09/2007 | Currency Trading
What are the best Forex time frames?
Research in this area turns up a few things…
Monday through Friday are all viable for day trading. Thursday tends to be the best day for trending. Friday has some risk if you are looking for swing trades because you would need to hold over the weekend. Day trading on Friday is typically fine especially when there are news events to power the markets.
Key Trading Resources
By: mark | 30/09/2007 | Investing
The Internet is loaded with great information, bad information and definite information overkill. You could spend weeks going to every trading site.
What follows are just a few websites that we think provide some information that can be helpful to apply your strategy. There are obviously many forums, chats, articles, etc. that you can pursue but be careful that it doesn’t end up changing the way you trade (if already successful) or that you don’t end up devoting too much time chasing information overkill.
Online Forex Trading – 3 Common Errors That Will Make you Lose
By: Sacha Tarkovsky | 19/03/2007 | Currency Trading
Online FOREX Trading was seen as the way for the little guy to compete with the big professional traders but guess what?
The ratio of losers remains them same as it was before the rise of online FOREX trading.
How can this be so surely they should do better? The answer is no because traders make these common errors.
When to Trade and What Time Frames to Trade?
By: mark | 30/09/2007 | Investing
An important key to trading successfully is to only trade the timeframes that will yield the greatest success for the least amount of time. Any of us can trade, or attempt to trade, every waking moment the markets are open. In the case of the Forex you’ll need a lot of coffee and the ability to get by on no sleep. With the stock market or futures you’ll need amazing endurance especially when the markets get sleepy. This is primarily if you actively day trade or swing trade intra day.
Forex Mentors, Gurus, Advisors Should you Buy Advice?
By: Sacha Tarkovsky | 19/03/2007 | Currency Trading
There are plenty of people on the Internet keen to sell you advice and be your forex mentor or guru but most of the advice sold is not worth the money.
There is a huge industry in selling e-books, courses and systems, yet only a few are any good.
Let’s find out how to separate the good from the majority that will simply help you lose.
Insider’s Guide to Forex Trading
By: mark | 30/09/2007 | Currency Trading
This is the first in a series of insights into trading the forex markets successfully. We have ten keys to trading success that all new forex traders and certainly many experienced forex traders need to learn and need to know. We’ll start with the top three with the rest detailed in the rest of this series.
Maximizing Investing Profits With a Mechanical Trading System
By: mark | 30/09/2007 | Investing
The 90% Rule – So Close to Target
We call one our 90% rule. That is basically designed for times that our mechanical objectives get within 90% or greater of full target. I can tell you without question we will never take a loss on a strategy that barely misses target. There is simply no reason to stubbornly wait out the next couple of ticks and in the meantime be willing to risk it all the way back to a full loss just because a calculated target just misses. We therefore in our minds know that if our objectives are $2.00 on a stock we will definitely have a stop adjustment if it gets to $1.80 or higher.
Insider’s Guide to Trading the E-mini Futures
By: mark | 30/09/2007 | Investing
We have assembled 10 key trading tips that every e-Mini Futures trader should know. Here are the top 5, along with information on how to view the entire Insider’s Guide to ensure your success as a futures trader.
Got a Question? Ask.
Ask the community a question about this article:
Frequently Asked Questions
Does the method really works for intraday traders ...
By: chim | 26-10-2007
Does the method really works for intraday traders ? It seems like breakout strategy ?
Q&A Powered by:
Latest Currency Trading Articles
Forex Training - the Training These Traders Had Saw Them Make Millions After 2 Weeks!
By: Kelly Price | 19/07/2008
If you are considering forex training you can learn a lot from the story enclosed which saw a group of people with no experience receive an education that would see them become super traders after just two weeks these traders were on their way to making $100 million. If you learn from this story you can enjoy currency trading success - let's look at it...
Forex Money Management - the Zurich Axioms and How to Use Them for Triple Digit Gains
By: Kelly Price | 19/07/2008
If you want to get rich, no matter how inexperienced you are in investment, then one of the best places to start is with the book the Zurich Axioms and here we will look at some that you can apply to forex trading to supercharge your gains...
What Else Still Buys a Suit after 2,000 Years
By: Geoff Morris | 19/07/2008
Ever wondered how many people protect themselves and their assets against the heart-wrenching destruction of inflation, and manage to hedge their bets safely when it comes to investments? This article looks at the massive advantages (and pitfalls) of trading gold bullion by the average 'man in the street'.
Seek the Best Advice Before Starting Forex Trading
By: Gerald Greene | 19/07/2008
It is always best to increase leverage relative to experience and success. To use too much leverage and trade a large position just starting out might seriously deplete your capital with just one or two losing trades.
Who Else Wants to be a Rich Newbie Forex Trader Now
By: Geoff Morris | 18/07/2008
Are you fed up with looking for ways of creating a second income on the internet, as nothing seems to work? Try learning a new skill, and beat the City Fat Cats at their own game on the FOREX market. Here's how it can be done by a Newbie with no previous trading skills...
Trading Forex Breakouts - 3 Simple Strategies You Can Use
By: James Woolley | 18/07/2008
Many traders spend a lot of time looking for potential breakout situations when trading the forex markets. This is because when these breakouts occur, they very often yield a lot of points. So bearing that in mind, in this article I will discuss three simple trading strategies designed to catch these breakouts.
Forex Trading Important Guidelines
By: Gerald Greene | 18/07/2008
The main point to keep in mind is that currencies usually trend in one direction for long periods of time. The trend can be easily determined by looking at forex charts. The old traders saying that "the trend is your friend" is especially true in trading forex.
In Search of the Right Forex Broker
By: F. Aldo | 18/07/2008
Searching for the right forex broker is probably similar to searching for the right university to enroll in or the right automobile to buy. Both require a lot of research and probably some asking around. With so much information now available online, searching for the forex broker that meets your requirements has never been easier.
More from Sacha Tarkovsky
Facelift Costs – the Secret of Reducing the Cost by 70% Instantly!
By: Sacha Tarkovsky | 11/08/2007 | Women's Issues
Many people would love to have a facelift ( Rhytidectomy) but cannot afford the cost of around $10 – 15,000, however informed patients are getting face lift costs reduced to as little $3,000!
How are they doing it? The answer is quite simple they....
Breast Enlargement - Get a Womanly Sexy Look at a Cost That May Well Suprise You!
By: Sacha Tarkovsky | 11/08/2007 | Women's Issues
Breasts are one the major identity features of the women and all women are concerned about this area and many want a breast enlargement operation.
Until now many have been put off by the cost, but the cost of breast enlargement has recently fallen dramatically in price.
This article is all about getting the operation of your dreams at a cost that may well surprise you.
Liposuction Costs – Why you Should Consider India to Get the Look you Desire
By: Sacha Tarkovsky | 11/08/2007 | Women's Issues
Tummy Tuck or abdominoplasty, Liposuction of fat deposits has become hugely popular as an instant way of improving physical appearance.
Many patients are however put off by the high prices in Europe and the US and are traveling to India to get the same treatment at vastly reduced cost of 60% are more!
Arthritis - Cure it Now at a Cost That May Surprise You!
By: Sacha Tarkovsky | 11/08/2007 | Diseases and Conditions
Arthritis is a debilitating disease that causes severe physical pain and emotional turmoil for millions of people who suffer with it.
Many do nothing about it, simply because they feel the cost of joint replacement surgery is too high...
Overseas Property Investment - Choosing the Best Destinations
By: Sacha Tarkovsky | 23/07/2007 | Real Estate
When looking at overseas property you need to first be careful in the country you pick to invest in and you also need to be careful in terms of location. Let's look at some points to consider and a great destination, recently voted one of the top ten in the world.
A Novice Forex Traders Guide to Fundamental Analysis
By: Sacha Tarkovsky | 23/07/2007 | Currency Trading
If you are new to forex trading you have access to a lot of fundamental analysis as the click of a mouse from banks brokers and news wires you can look at and trade upon it – let’s look at forex fundamental analysis and how to use it.
Primorska Property – Slovenia an Investment for Above Average Growth
By: Sacha Tarkovsky | 22/07/2007 | Real Estate
Slovenia property is attracting more foreign buyers than ever before, as it has emerged as one of the worlds best investment property destinations and was recently voted as one of the top ten, with estimated growth in the next 10 years being as much as 300%!
Slovenia Houses - Why Savvy Investors are Buying
By: Sacha Tarkovsky | 22/07/2007 | Real Estate
Slovenia is a country that many people are unaware of as a property investment destination however this is all about to change, as Slovenia has recently voted one of the top 10 places in the world to buy investment property and buying houses in Slovenia is "hot" and becoming more popular with overseas property investors.
Finance 
| Posted: 15-03-2007 | Comments: 
