Many beginner traders ask me what is the best Forex trading course that worth taking. There are many trading courses that claim to make you into a successful trader in a matter of weekend. If that was true you wouldn't need those courses. There is a famous saying "Success is a journey not a destination." For that reason I believe that a good training course should be on a continuous basis.
I have taken many courses hoping that they will magically turn me into a profitable trader. I wouldn't say they were useless. Actually there are quite a few great courses on Forex trading out there. In my opinion since you need to improve your skills on a consistent basis then the best trainings are those where you have continuous support. Rob Booker's personal training is one of such courses. You pay only one time fee and have lifetime access to the tools and personal support. Peter Bain's Forex Mentor course is another one but you need to pay monthly fee to have ongoing access to the member's area and support.
Even though these trainings improved my trading skill it was not a course that propelled me to become a consistently profitable trader. Do you want to know what it was? It was a book written by Mark Douglas "Disciplined Trader". If you are trading currencies and have not yet read this book I urge to run to a bookstore or library and read it. Read it a few times. Mark Douglas not only gives you the overview of psychology but also gives you practical exercises to actually help you to become a successful trader.
Now to answer a question will any kind of training will benefit you even if it's the best one? Unfortunately it depends not only on training but also on a person being trained. Some people will take the information that they have learned and skyrocket to success others will sit there with the same information not moving ahead. What separates these people is their mindset. There is no Forex trading course that will change your psychology. Only you can change it by working on your trading psychology day in and day out.
Now how about those companies who offer trading systems and trading software? Again their systems may be brilliant, but if you do not have a discipline and your mind is programmed to lose money in trading there is no software or system that will help you. You see, all these systems, strategies and software are tools that supposed to make your trading easier. They are not meant to trade currencies instead of you. You do not ask a hammer to hit the nail you hit it with the hammer. But if you know what you are doing then the tools can make a dramatic change in your trading.
So if you are still failing to make a consistent profit in trading I suggest you not to look for a best courses and strategies but first develop discipline and train your mindset to control your fear and anxiety during the trades. Once you achieve it then the best tools will do the best for you.
Albert Schmidt is a part-time currency trader. After quite a long period of struggle he learned to make consistent profit trading in Forex. Review a trading system with a positive edge that can help you to become a successful trader. |
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