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Sunday, November 2, 2008

Finding a Forex Mentoring Program - Where to Go

By John Templeton

Finding a forex mentoring program is not that difficult. The difficult part is finding one that will actually help you. It seems like there is more bad information on the internet than ever before. How did it get like this?

For instance, I love all the forex forums as much as the next guy, but have you ever noticed its all the same information being talked about?

I'll give you an example. I want you to go into any forex forum (pick your favorite) and I bet you that there are at least a dozen recent threads with people trying to figure out how to trade stochastics. There is always a leader who says he is an expert, yet he is probably still trading a demo.

People just love all the gadgets that come with a trading platform. They'll play around with all the indicators, and the bells and whistles until they are like a child who is bored with their newest toy. I don't mean to put these people down as I have done the same things when I first started to trade forex.

But after a while, it just dawned on me that they weren't helping. I really wish more people felt that way. If they did, you wouldn't be seeing all these useless trading systems on the market.

A true forex mentor doesn't have to come up with any gimmicks using lagging indicators. Almost every trader worth their soul can just look at a simple price chart and tell you where the price is headed. The reason they can do this, is because they actually understand the market, which is a lot more than I can say for the cast majority of the trading public.


John Templeton has been a successful forex trader after learning how to trade price action. He is now offering a forex trading education for all those that struggling traders out there.

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