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Make Loads of Money by Getting Your Forex Training on Video - Watch Over an Expert's Shoulder!

sâmbătă, 23 mai 2009

If you want to learn how to make some real money in the forex market, you have to watch someone actually trading. You can read about strategies and tactics until the cows come home, but it won't sink in until you watch an expert actually trade and explain what he's doing.

It's best if you can get someone to train you personally, of course. That way you can ask all the questions you need to, and he can give you instant feedback.

I remember going to the mall with my friend. He brought his laptop, and showed me how he trades. It was really nice watching him actually studying the charts and trading based on those charts. I could ask questions, and he could answer me. This did wonders for my trading.

Of course, not everyone's as lucky as me. Not everyone has a trader friend who can help him out. Not everyone can afford a personal trading coach if they don't have a friend.

A good alternative is forex training videos. True, you can't ask questions, but you can still see the person trade. This will usually help you learn faster than if you stick to reading books and articles. There's something about actually seeing someone trading in front of you that helps unlock the secret of forex trading.

You can find free videos online. Just Google forex videos or go to YouTube and search for forex. You can also buy video sets. This might be a better option if the publisher offers any support. It's nice to have someone to talk to if you have any questions.

You can also learn from computer programs called expert advisors or forex robots. These programs can help you learn how to trade.

Some of these programs will even trade for you. You can tell them to execute the trades themselves, instead of running them by you first.

You can install the expert advisor, and let it guide you. You don't always have to listen to it, but some people like to see what the program comes up with.

Just remember that, in the end, the best way to learn is to trade. You want to start with a demo account. Practice with play money until you think you're ready to risk some of your real money. Then trade with money you can afford to lose.

Forex training on video can really help you get a handle on trading in the forex market. This is a great alternative if you don't have a friend or coach who can help you get up to speed.


Article Source: http://EzineArticles.com

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