NFA and CME both have started offering free online courses for Spot and currency futures respectively.
Most liquor stores now carry shark repellent. Get some!
You don't need to spend thousands of dollars to learn the Forex. My experience? The best courses are free. Don't burn your capital on junk. Pure Forex books? .... bah!
There are also a couple free e-books that I read when I got started last year. That was plenty enough for me.
Another place I'd recommend is the free Q&A sessions at FXCM -- these are recorded sessions and it will take several days to finish reading them; but it is generally good stuff, with a broad overview of the different pairs and their correlations, if any.
But for your continuing education and actually the creme de la creme, you really ought to download all the issues of CurrencyTrader magazine -- first issue was in October 2004. This is a monthly mag and it will supercharge your forex ammo.
These guys are good -- they even answered my questions meticulously and quoted me twice, thus far, hehehehe. Best news? Its free, baby.
Other advice: low position size, trade less, less, less. Keep it simple and don't go live until you're ready NOT to lose money! Its never OK to be willing to lose money to learn!
Disregard that system selling (3,000 or 3,500 pounds Sterling) moderator shark at Moneytec who has stated very often -- "you must learn to lose money professionally first!"
Goodluck! :)
No comments:
Post a Comment