Learn The Trade
You can learn currency trading from several sources, including courses, books, and personal instruction (mentoring) programs.
Once you know how the foreign exchange markets work, you can apply several trading strategies to the forex markets (that work on many other markets as well).
In fact, many hedge fund managers, for example, diversify their portfolios to forex products from commodities and stocks to spread market risk. And they use the same or similar trading styles for each market.
To learn currency trading, books are usually the cheapest way, with currency trading courses and personal mentoring being much, much more expensive.
Learn Currency Trading – Books
There are several pros for learning currency trading from books. For the first, you can advance at your own pace. This makes it easier to learn currency trading at the same time that you have other pressing obligations.
Moreover, you can go as deep into the forex markets as you like, with all the macroeconomic elements as well as trading psychology taken into account. This way, you can customize your learning experiment to suit your personal needs, something that would cost mountains of money at taught courses.
In addition, many of the superstars of trading have published their trading strategies in books. So, instead of spending several thousand dollars on personal consultation, you can get the same info on a book format.
Below are some exemplary books that can help you learn currency trading.
's Biggest Market
By Philip Gotthelf
Currency Strategy: A Practitioner's Guide to Currency Trading, Hedging, and Forecasting
By Callum Henderson
Trading Currency Cross Rates
By Gary Klopfenstein
Learn Currency Trading – Courses
Many use forex courses to learn currency trading only after they have read the basics of currency trading in book form.
In addition, you might want to learn the basics of technical analysis before signing up for any of the courses, as technical analysis is used in most of the currency trading styles.
Classroom forex courses offer you firsthand experience on what trading is all about. To achieve this, many classroom courses have simulated trading platforms, where you have to think and behave as you would do in a live trading situation.
There are many companies offering trading courses. Here’s an exemplary sample of these firms:
Market Traders Institute
Learn:Forex
Concorde Forex Group
Trader House Network
Euromoney Training Group
FinEdge
Learn Currency Trading – Personal Training (Mentoring)
Use forex mentoring for the most comprehensive approach to Forex and currency trading. It’s best to use mentoring only after you’ve covered all the basics of foreign exchange markets and trading fundamentals.
Then, with a personal trainer with a successful track record in currency trading, you can deepen the acquired knowledge and get ready for big-time trading.
With the advice from an experienced trader you can shorten the learning curve and avoid commonly made mistakes in trading.
There are an increasing number of companies offering mentoring courses to learn currency trading. Here are a couple exemplary firms you might want to take a look at:
Learn:Forex
Concorde Forex Group
1 comments:
I would advise that you use the #1 Forex broker - eToro.
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