Some of you have been asking, so here's my Squidoo site for Forex education:
http://www.squidoo.com/forexjourney
Enjoy,
Todd
Global Macro Forex and Financial Market Education, Research and Analysis utilizing Elliott Wave, Fibonacci and Gann Forecasting Techniques -
Friday, June 29, 2007
Wednesday, June 27, 2007
Forex Education Mastering The Forex Market
Forex Education is always king. That being said, I thought this was pretty interesting...
Investing in the forex, currency market even with small capital is very risky advanture. Before taking on the forex trading market, it's important to be armed with a good understanding of the market itself. This is what makes a good free forex education resource, invaluable to both new and veteran forex traders.
The forex, or Foreign Exchange, market is the largest financial exchange market in the world. Every day, more than 1.8 trillion dollars are traded on the forex market. In the past, it was often difficult for smaller traders to take part in this huge money market, due to a lack of contacts and resources. But that situation has changed. More and more, individuals and smaller banks and companies have the opportunity to invest in the forex market, particularly via the internet, making currency trading an exciting and lucrative enterprise for individual traders as much as for the banking industry. However, it's important to keep in mind that currency trading of even small amounts and modest investments can be risky.
Before taking on the forex trading market, it's important to be armed with a good understanding of the market itself, along with an overview of current market trends and risks. This is what makes a good free forex education resource, like free-forex-education dot com, invaluable to both new and veteran forex traders.
At free-forex-education website, established forex traders as well as those with a burgeoning interest in currency trading can learn everything there is to know about the market. Learn what world currencies are making the most money. Know what the risks are, and when and how to make the most money on a trade. Acquire all the knowledge you need in order to make anywhere from a dollar to a million on this highly liquid market, without leaving the comfort of your computer.
Along with using resources available at free forex education sites like Free-forex-education dot com, it's important to as much research as possible before doing any major forex trading. For a free forex ebook and various information on forex trading please visit. This amazing free resource will provide you with all the information you need to get started trading today.
About Author:Joe Karakas is the owner of the forex online resource found at http://www.free-forex-education.com . Our site help with informations and resources to learn to trade forex online. Check out the website for free forex education more details. Please note that our site is just for information purposes and not an advice whatsoever!Article
Source: http://www.BharatBhasha.comArticle Url: http://www.bharatbhasha.com/finance-and-business.php/62780
Remember the free stuff is a good start, but a Forex Coach will accelerate the process.
Happy Trading!!
Wednesday, June 20, 2007
Don't Quit On Your Forex Education
Whether you are my student or not I genuinely care about your Forex Education. More importantly I'm passionate about every one obtaining a solid financial education - a skill sorely missing in the world. I chose Forex because of the numerous advantages over the other liquid financial markets. It has allowed me to achieve a high level of financial literacy and provide an outlet for my long held desire to teach.
More importantly, Forex education and training has given me the confidence to control my financial future - and that is truly priceless. That being said, we must look past the hype in the marketplace and focus on what it really takes to personally achieve in the Forex market or any endeavor for that matter.
I'm not going to lie to you, trading Forex is not easy. But not for the reasons you may thing. I've found that in the end we are the ones that will ultimately decide to be successful or not. I know lawyers who have failed miserably in Forex and construction workers who are now millionaires. The separator is not IQ, but rather emotional discipline or Self-Mastery. Where is this obtained?
Your Forex education is the key!
Learning yourself will increase your bottom line more than any other single aspect. Let me just preview what emotional elements must be in place for you to succeed in Forex. You will notice that there is no mention of strategy, moving averages or pivot points!
1. Have A Strong Enough "Why" Statement
Why do you want to get your Forex education and trade the currency market? Is it to save for retirement? Is it to supplement your current income? Is it to replace your current job? Are you trying to accelerate your college fund?
The answer to this question must be strong and full of passion! This will be the one element that will get you through the dark times all traders face.
2. You Must Create Momentum
When you begin learning to trade Forex it is exciting and new, but like everything there is a finite Honeymoon period and the effort begins to wade and life takes you away from your Forex education. You must create momentum - pick a time in your schedule and dedicate this to study and trading and continue to focus on the process of trading. Making money should be a secondary thought to placing sound trades.
Imagine where you are going to be six months from now with a solid commitment. Hold on to that thought and never let it go. Work, kids, friends and family - we all go 'em . Don't let excuses creep in and steal your dream.
3. Overcome Any Obstacles
Listen, nobody is exempt from having to climb the learning curve to achieving in Forex. There are no short cuts. Forex education is the best path. I came across a system the other day that is being marketed as a system that "you don't have to learn" to begin trading in your live account immediately. Just watch a video for 10 minutes and you are good to go! Warning!! The sad thing is that the system appeared to built on sound principals, but no system is fool-proof and without your Forex education your risk is 100% if you do not understand when that system can fail!
Create a vision board of pictures that represent your "Why" statement. Put it within eyesight of your trading area. If you come to work in your car - stop listening to the radio and listen to a audio book, if you do not have the money to fund your live trading account continue trading your demo account until you can fund a live account - you will be in better position than 99.9% of the traders who fund an account right away. This why having a coach is so important.
4. Don't Play The Blame Game
You must from this second forward begin to take full responsibility for all your actions. If a trade didn't work out, don't blame the market or the strategy. Playing the blame game will be devastating to your experience. Look at each situation as a learning experience. I always say that in life there are no failures only feedback! I always ask one simple question after both a losing trade and a wining trade:
"What lesson do I need to learn from this to become a better trader?"
5. Don't Quit On Yourself
It's your dream and I want to fight for it with you, because I know what a mistake it would be to just give up and quit. If you quit you will ultimately learn nothing and would've missed an opportunity to turn your "Why" into your reality!
All you need is a Forex coach.
Happy Trading!!
More importantly, Forex education and training has given me the confidence to control my financial future - and that is truly priceless. That being said, we must look past the hype in the marketplace and focus on what it really takes to personally achieve in the Forex market or any endeavor for that matter.
I'm not going to lie to you, trading Forex is not easy. But not for the reasons you may thing. I've found that in the end we are the ones that will ultimately decide to be successful or not. I know lawyers who have failed miserably in Forex and construction workers who are now millionaires. The separator is not IQ, but rather emotional discipline or Self-Mastery. Where is this obtained?
Your Forex education is the key!
Learning yourself will increase your bottom line more than any other single aspect. Let me just preview what emotional elements must be in place for you to succeed in Forex. You will notice that there is no mention of strategy, moving averages or pivot points!
1. Have A Strong Enough "Why" Statement
Why do you want to get your Forex education and trade the currency market? Is it to save for retirement? Is it to supplement your current income? Is it to replace your current job? Are you trying to accelerate your college fund?
The answer to this question must be strong and full of passion! This will be the one element that will get you through the dark times all traders face.
2. You Must Create Momentum
When you begin learning to trade Forex it is exciting and new, but like everything there is a finite Honeymoon period and the effort begins to wade and life takes you away from your Forex education. You must create momentum - pick a time in your schedule and dedicate this to study and trading and continue to focus on the process of trading. Making money should be a secondary thought to placing sound trades.
Imagine where you are going to be six months from now with a solid commitment. Hold on to that thought and never let it go. Work, kids, friends and family - we all go 'em . Don't let excuses creep in and steal your dream.
3. Overcome Any Obstacles
Listen, nobody is exempt from having to climb the learning curve to achieving in Forex. There are no short cuts. Forex education is the best path. I came across a system the other day that is being marketed as a system that "you don't have to learn" to begin trading in your live account immediately. Just watch a video for 10 minutes and you are good to go! Warning!! The sad thing is that the system appeared to built on sound principals, but no system is fool-proof and without your Forex education your risk is 100% if you do not understand when that system can fail!
Create a vision board of pictures that represent your "Why" statement. Put it within eyesight of your trading area. If you come to work in your car - stop listening to the radio and listen to a audio book, if you do not have the money to fund your live trading account continue trading your demo account until you can fund a live account - you will be in better position than 99.9% of the traders who fund an account right away. This why having a coach is so important.
4. Don't Play The Blame Game
You must from this second forward begin to take full responsibility for all your actions. If a trade didn't work out, don't blame the market or the strategy. Playing the blame game will be devastating to your experience. Look at each situation as a learning experience. I always say that in life there are no failures only feedback! I always ask one simple question after both a losing trade and a wining trade:
"What lesson do I need to learn from this to become a better trader?"
5. Don't Quit On Yourself
It's your dream and I want to fight for it with you, because I know what a mistake it would be to just give up and quit. If you quit you will ultimately learn nothing and would've missed an opportunity to turn your "Why" into your reality!
All you need is a Forex coach.
Happy Trading!!
Monday, June 18, 2007
A Tip for Accelerating Your Forex Education
I teach a lot of traders and at the beginning they all have the same question...
How long will it take me to learn this? How much time can I expect to spend on my Forex education.
You know there is no answer to this. There are many variables to this answer, but it really comes down to the qualities needed to overcome most obstacle -- patience, determination, persistence and perseverance.
I know, yeah but..
Yeah, we have all those qualities, but we still want to accelerate the process. My recommendation is to live at the razor's edge. If you have traded Forex for any time you will realize that the difference between profit and loss is literally a razor's edge. With experience comes minor tweaking of our trading process until we have found consistency. Consistency gained through Forex training.
It's kind of like baseball (my favorite trading - sports analogy). If you are a .320 batter your baseball career you will most likely be elected to the Hall of Fame and bestowed major accolades. If you hit .280 everyone will tell you that you had a nice career, but no Hall of Fame call will come your way.
The difference between the two is that the .320 hitter got one more hit every 15 at bats .. that's it!
A minor increase in your Forex education is all that it will take for you to gain access into the Hall of Fame for Traders. Commit to yourself that you will read another chapter of the technical analysis book tonight, or spend 30 more minutes in your trading room will lead to astonishing returns down the road.
It is the little things that will ultimately give you the edge.
Happy Trading!!
How long will it take me to learn this? How much time can I expect to spend on my Forex education.
You know there is no answer to this. There are many variables to this answer, but it really comes down to the qualities needed to overcome most obstacle -- patience, determination, persistence and perseverance.
I know, yeah but..
Yeah, we have all those qualities, but we still want to accelerate the process. My recommendation is to live at the razor's edge. If you have traded Forex for any time you will realize that the difference between profit and loss is literally a razor's edge. With experience comes minor tweaking of our trading process until we have found consistency. Consistency gained through Forex training.
It's kind of like baseball (my favorite trading - sports analogy). If you are a .320 batter your baseball career you will most likely be elected to the Hall of Fame and bestowed major accolades. If you hit .280 everyone will tell you that you had a nice career, but no Hall of Fame call will come your way.
The difference between the two is that the .320 hitter got one more hit every 15 at bats .. that's it!
A minor increase in your Forex education is all that it will take for you to gain access into the Hall of Fame for Traders. Commit to yourself that you will read another chapter of the technical analysis book tonight, or spend 30 more minutes in your trading room will lead to astonishing returns down the road.
It is the little things that will ultimately give you the edge.
Happy Trading!!
Thursday, June 07, 2007
Forex Education - Avoid the Online Currency Trading Trap
Online currency trading in increasing in popularity and with that comes the good, the bad and the “you know what.” Like any business venture there are people out there waiting to take advantage of you and people who genuinely want to help.
Some people hocking learn to trade packages are internet marketers riding the wave of a hot market in search of profits off of someone else’s products. Others are skilled professional seeking to satisfy the teacher in all of us.
How do you get the necessary skills to become a successful Forex trader? How do you know which product or system is the Holy Grail?
The truth is that this does not exist!
Get your Forex education.
The simple truth is that the Forex market is made of human beings and price is nothing more than a representation of supply and demand, which is nothing more than the collective fear and greed the market perceives of a currency pairs value.
That’s it!
I have heard statistics as high as 95% of Forex traders lose money, so logic will tell you to focus in what the 5% are doing for consistent success. They know their system, execute high probability trades, and manage their risk. Most importantly they know themselves inside and out and how their emotions impact their trading.
Notice I said consistent success. So how is consistency found? Well, not in books, surfing the net or even the going it alone approach. Going it alone is the craziest of all. It will succeed if you are willing to lose your account over and over again until YOU figure it out or quit! Which scenario is more likely?
Let’s draw some examples from other professions that require peak performance under pressure. First, thing that comes to mind is professional sports. What do all professional athletes have in common, regardless of the sport? They all have a coach.
Whether the athlete participates in a team or individual sport they all have a coach! A coach is a teacher, a coach can serve as a motivator, and a coach can point out constructive feedback for improvement.
Let’s turn to another profession, business executives. One of the fastest growing industries in business is the business coach. High performance in the business world is critical and now more and more executives are turning to coaches for the same reason as professional athletes.
The moment of truth lies with the trader. The simple reason a Forex coach is valuable is because they are not you. They are not in the fish bowl with you. A coach can impart trading expertise and guide you through the process of Forex trading. A coach will connect you with yourself and maximize your performance.
So when searching for Forex education and online training, seek out education packages that cover strategy, risk management and will introduce you to your trader inside. Seek out those that teach through coaching and are there with you step-by-step.
You are playing the only game that will reward you when you are correct and implement severe penalties when you are wrong. Don’t leave anything to chance. Invest in yourself by investing in your Forex education.
Happy Trading!!
Some people hocking learn to trade packages are internet marketers riding the wave of a hot market in search of profits off of someone else’s products. Others are skilled professional seeking to satisfy the teacher in all of us.
How do you get the necessary skills to become a successful Forex trader? How do you know which product or system is the Holy Grail?
The truth is that this does not exist!
Get your Forex education.
The simple truth is that the Forex market is made of human beings and price is nothing more than a representation of supply and demand, which is nothing more than the collective fear and greed the market perceives of a currency pairs value.
That’s it!
I have heard statistics as high as 95% of Forex traders lose money, so logic will tell you to focus in what the 5% are doing for consistent success. They know their system, execute high probability trades, and manage their risk. Most importantly they know themselves inside and out and how their emotions impact their trading.
Notice I said consistent success. So how is consistency found? Well, not in books, surfing the net or even the going it alone approach. Going it alone is the craziest of all. It will succeed if you are willing to lose your account over and over again until YOU figure it out or quit! Which scenario is more likely?
Let’s draw some examples from other professions that require peak performance under pressure. First, thing that comes to mind is professional sports. What do all professional athletes have in common, regardless of the sport? They all have a coach.
Whether the athlete participates in a team or individual sport they all have a coach! A coach is a teacher, a coach can serve as a motivator, and a coach can point out constructive feedback for improvement.
Let’s turn to another profession, business executives. One of the fastest growing industries in business is the business coach. High performance in the business world is critical and now more and more executives are turning to coaches for the same reason as professional athletes.
The moment of truth lies with the trader. The simple reason a Forex coach is valuable is because they are not you. They are not in the fish bowl with you. A coach can impart trading expertise and guide you through the process of Forex trading. A coach will connect you with yourself and maximize your performance.
So when searching for Forex education and online training, seek out education packages that cover strategy, risk management and will introduce you to your trader inside. Seek out those that teach through coaching and are there with you step-by-step.
You are playing the only game that will reward you when you are correct and implement severe penalties when you are wrong. Don’t leave anything to chance. Invest in yourself by investing in your Forex education.
Happy Trading!!
Friday, June 01, 2007
Forex Education - Banking
Forex Nation -
Here is an interesting video called "The Money Masters - How International Bankers Gained Control of America" It is a long view so you may want to rip it ot a DVD.
http://video.google.com/videoplay?docid=-515319560256183936
Just another part of the Forex education process!
Todd
ForexJourney.com
Here is an interesting video called "The Money Masters - How International Bankers Gained Control of America" It is a long view so you may want to rip it ot a DVD.
http://video.google.com/videoplay?docid=-515319560256183936
Just another part of the Forex education process!
Todd
ForexJourney.com
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