Monday, June 14, 2010

Make Forex Education Your Top Priority

Make Forex Education Your Top Priority
I have been doing a ton of reading this summer. This is not atypical for me.
Reading is a way to continue my education and renew my focus on the task at
hand. I have recently been exposed to several Forex training evaluation
sites, as well attended some of those FREE Forex workshops you see on TV
(some of them are still calling me!). It got me thinking

. "What advice can I provide to all those who are eager to learn the
currency market with all that information out there without getting burned?"

I have come up with 3 Golden Rules to follow when evaluating currency
training opportunities.

1. Know Thy Self - This is probably the most important advice I can provide.
There is good training and bad training. Often the worst training has the
best marketing plans. First figure out how you best learn information. Are
you the type of person that can read a manual on rocket science and build a
spaceship or are you a person that needs to be shown things through personal
instruction and repetition? Figure out how you receive and process
information and align Forex training source that fits your method of

2. Don't Believe the Hype - There is no golden system and it will take
considerable effort to trade currencies successfully. Accepting these
realities before embarking on your Forex Journey can save you tons of money
and more importantly time spent climbing up the learning curve! If it sounds
too good to be true, then it probably is. This should be no surprise! It is
buyers beware market out there. Look for a Forex education company that can
provide you with some solid aftercare resources.

3. Be Realistic - It is a journey and all good journeys take time to develop
and flourish. This can be a remarkable journey, but one where you are apt to
lose your account a few times before you surrender to the market and learn
to take what the market is offering for profits that day. Listen to
recommendations, but make decisions based on your own criteria, because in
the Forex market this skill will serve you well!!

When reading internet-based sales letters or infomercial or forums, just
remember that everyone has an opinion, but in the end the only one that
matters is your!!

Happy Trading!!