Anyone can win at Forex trading but you do of course need to get a Forex trading education and here we will look at some free methods and some ones you have to pay for and see which is the best Forex education for you.
95% of all Forex traders lose money and this is simply because they get the wrong Forex education, so lets look at the best free sources, some ones you pay for and work out which is the best.
Free Forex Education
If you have to time you can find all the information you need to trade successfully free online.
The best way for novice traders to seek Forex trading success is to use Forex charts and you can get all the information on the indicators, how to use then and real time charts all for free. Of course you have to put your own strategy together but if you take your time and learn as you go, you can do it.
There is however a lot of Free Forex education you need to avoid. For example, never listen to traders in Forex Forums, the only reason there there is because they can’t make money and want to dispense their wisdom, to make them feel better or their trying to get leads, to sell some junk sure fire trading system.
All the information is free but you need to work out your own strategy and for traders who don’t feel confident enough to do this, there are two other alternatives.
1.Buy A ready Made Forex Expert Advisor or Software Package
With these you don’t have to learn anything, all you do is pay a hundred dollars or so, lug in the software and the theory is you can sit back and make a huge regular income.
These systems though don’t work and common sense should tell traders, they wont get an income for life, by spending a hundred dollars – if it were true, the whole world would be trading and no one would bother to work.
These are generally sold by traders, with a 100% money back guarantee and allow you to learn risk free. They cut your learning curve, by giving you proven strategies and then demonstrate them in live trading so you can build your confidence and see how the strategy performs and normally, come with unlimited email support so you have a teacher to guide you
So which is the Best way to learn Forex
If you are confident enough use the free information you can find online if your not, don’t be fooled by the get rich quick software which you can buy instead, buy a Forex course which will teach you the skills you need risk free.