Tag Archives: learn
What 95% Of Forex Training Courses Don’t Teach You.
There are many Forex training courses available online, some are very good, but the majority are a complete waste of money.
So how do you know what is a good Forex training course and what is a bad one? The simple answer is you don’t.
You can do some research on the internet on the various courses available to get some feedback, but you will generally find some people will say great things about a particular course, and some people will say its rubbish. The only way you can really find out is to take the course.
Now if you are new to Forex trading you could take a course, but you would not know if it was good or bad, as you have no prior knowledge of Forex trading, so you have nothing to compare it to. You will only find out how good the course is, when you start trading, using the information you have learned. If you make a lot of money then the course is good, but if you lose a lot of money, then you will find out very quickly that the course is bad. Just on that subject, i prefer to teach traders that have had experience of Forex trading, as they can fully appreciate the benefits of what i am teaching them. Most of my students are totally blown away by my high probability trading and my market knowledge, but its always harder for me to convey the power of what i am teaching to new traders, as they have not had any experience of trading the wrong way and losing money. But i don’t mind, teaching is a challenge and i love challenges. 🙂
Here is a good statistic for you to contemplate. 95% of retail Forex traders lose money. Only 5% of retail traders will consistently make money week after week, year after year. Now if you assume that 100% of retail Forex traders have been educated to some degree, in the art of Forex trading, because lets face it, we all have to learn how to trade, trading is not a skill that you are born with. So assuming that 100% of Forex traders have been educated, can you then assume that 95% of the information available online, whether that is free information, or a paid training course, is going to lose you money? Yes you can. If only 5% of retail traders make money, only 5% of the Forex training information available, whether free or paid will give you the education you need to enable you to consistently make money. 95% of the Forex education information out there will lose you money.
Many people come to me after taking various Forex training courses previously, that have lost them money. So why does the Forex education taught by 95% of Forex courses lose you money? The reason for this is that they fail to deliver on the main objective. So what is the main objective of taking a Forex training course? If you said “to learn how to trade” then i am sorry but you are wrong. The main objective of educating yourself in the art of Forex trading is to make money. This is where 95% of Forex training courses fail in my opinion. They will all teach you how to trade, some to better standards than others, but they will not all teach you how to make money.
This is where my training course differs from all the other Forex training courses. I will not only teach you how to trade, but i will also teach you how to make money. This is why my website is called “trade Forex make money”, its not called “learn to trade Forex like 95% of retail traders do” :-).
I am in the 5%, and my training course will put you in the 5%. I will teach you how to make money trading Forex. Which is what 95% of Forex training courses don’t teach you.
For more information on my Forex training course please click here.
Forex Mentoring Verses Teaching Yourself Forex Trading
There are 2 ways you can learn to trade Forex. You can teach yourself, or you can pay someone to teach you. So what are the pros and cons of each option?
The cost. The cost of teaching yourself how to trade is substantially less than the cost of paying a professional Forex trader to teach you how to trade. When you pay a professional trader like me to teach you how to trade Forex, you are paying for my time, and my experience.
Time is a very valuable concept that a lot of people do not fully appreciate. If you are lucky you will get around 80 to 90 years of time on this earth, which is broken down into months, weeks, days, hours, minutes, and seconds. The longer you have been around, the more valuable your time becomes, as you have less of it. Its like a simple supply and demand scenario that you could apply to Forex trading. The more supply the lower the price goes, less supply and the price goes up.
Time. We have just talked about time and the value I place upon it. Now time is just as important to you, as it is to me. If you are a young person then you have a lot of time to play with, so the value of your time, is a lot less than the value of the time of an older person.
If you are young you may not have the money to invest in paying a mentor to teach you how to trade, so you can invest more time, to teach yourself how to trade. It may take you 5 years to learn how to trade correctly. This 5 years of time has a lot less value placed upon it, than 5 years of time of someone in their 60’s. I have just gone 47 by the way. 🙂 So as a young person, you may not have the money to invest in learning, but you have the time. An older person may have more cash at their disposal, but less time. So it would be a more attractive proposal for an older person to pay someone to teach them how to trade.
Experience. When you pay a professional to teach you how to trade you are paying for his experience. I have been trading for over 12 years, over 8 years in Forex, so you are paying for my experience, and of course my time.
When you are teaching yourself to trade, you do not have any experience on day one, but you will have a bit more experience on day 2 and so on. In 8 years time you may have as much experience as i have now. Will that make you a better trader than me? That depends on what you have learned in 8 years. Excuse my French but there is so much crap information out there, and most of it is designed to lose you money. How do you know that you will not spend the next 8 years learning something that does not work?
Summary. By paying a professional Forex trader to teach you how to trade you are buying experience, but more importantly you are buying time. You are buying my time, and you are buying your own time. You know the cost of my time, but how do you value your own time? That is the question. Do you want to spend the next 5 years teaching yourself how to trade, with no guarantee that you will be a profitable trader at the end of it, or do you want to pay a professional trader like me to teach you how to trade now, which will save you valuable time, and give you a guarantee that you will be a profitable at the end of your learning.
For more information on my Forex training and mentoring program please click here.