After taking so many trading courses and not being able to benefit from them enough I started questioning if those courses are any good for traders to help them becoming successful. The problem was that I wasn't able to make profit consistently in trading at that time. Now I keep hearing from beginner traders questions what's the best Forex trading course. In my opinion a trading course can help you only so far. You need to work on your discipline and mindset on your own. No course can help you with that.
In my experience it was not the course that helped me to become successful. It was a book written by Mark Douglas "Disciplined Trader." If you are trading in Forex or if you are thinking to trade then I highly recommend you to go and buy yourself this book. Author has not only outlines the psychological issues around the trading but also gives you step by step exercise to overcome those issues. If you follow his advice and have a patience to apply it over and over again then I guarantee you will start making consistent profit in your trading.
Once you achieved your goal to become a disciplined trader then you can go and look for the courses that will teach you to become even more successful. I agree that success is a journey not a destination. That's why a good trading course hast to be on a continuous basis. There are a few such courses. For example Rob Booker's training have one time fee and you get lifetime access to member's area and personal support. Peter Bain's Forex Mentor course is another example. Unlike Rob Booker's course this one has recurring billing every month to access the community of Forex Mentor.
Another question is what about paid trading strategies and trading software. Besides that there is whole a lot of hype and scam you still can find some decent strategies or software. The question is how valuable they are for you. Any successful strategy is simply a tool. If one does not have a discipline to follow through when a system loses a few times then this person will fail any system or software. The mindset is the most important thing in trading. These strategies can be great tools in developing trader's mindset and discipline. If a trader executes it again and again regardless of the result of the last trade then he will develop discipline in trading.
I strongly believe that it takes hard work and dedication before a failing trader can change his mindset and become a consistently profitable one. But the results well worth the effort. Once you reach the stage when you can follow through with discipline and patience with your trading system then a good trading course will benefit you a lot. Otherwise it would be better to develop your treading skills on your own
Albert Schmidt is a part-time currency trader. After quite a long time of struggle he learned to make consistent profit trading in Forex. Review a trading strategy he successfully uses in his trades. |
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