Recommend me a FOREX course

[Agravaine]

You can cut a lot of the earlier steps if you happen to have the right kind of disposition/temperament, stumbled onto the right books, have a lot of discipline, got a good mentor/training program. And by training program I don't mean paying for some money-sucking course, I mean a program where they pay you...aka analyst training programs at firms.

 

[deafguy]

Went to Terraseeds at Shenton way, it spoke of RIVER technology where it is like Bollinger Bands.

When current of River point downwards, It means strong downtrends which trigger sell signal,

Likewise for River Current point upwards.

It ask for non-refundable deposit of $50 before you can attend course.

You can pay balance of over $2000.

Many students claimed to reap big profit using Tflow or River system , which exceed the price of course fees.
http://www.terraseeds.com/index.php?option=com_content&task=view&id=136&Itemid=82

 

[agenda]

looks promising, may i know which book u read, will try to get;em

The Little Book of Currency Trading and Day Trading and Swing Trading the Currency Market

My biggest take away was using BB and double zero strategy..

 

[ronnie]

Went to Terraseeds at Shenton way, it spoke of RIVER technology where it is like Bollinger Bands.

When current of River point downwards, It means strong downtrends which trigger sell signal,

Likewise for River Current point upwards.

It ask for non-refundable deposit of $50 before you can attend course.

You can pay balance of over $2000.

Many students claimed to reap big profit using Tflow or River system , which exceed the price of course fees.
http://www.terraseeds.com/index.php?option=com_content&task=view&id=136&Itemid=82

IMHO, you are better off saving the money and spending more time either developing your own systems or fine tuning your current ones.

 

[Forever84]

Went to Terraseeds at Shenton way, it spoke of RIVER technology where it is like Bollinger Bands.

When current of River point downwards, It means strong downtrends which trigger sell signal,

Likewise for River Current point upwards.

It ask for non-refundable deposit of $50 before you can attend course.

You can pay balance of over $2000.

Many students claimed to reap big profit using Tflow or River system , which exceed the price of course fees.
http://www.terraseeds.com/index.php?option=com_content&task=view&id=136&Itemid=82

in hindsight.
every indicator is accurate and looks fantastic

 

[ant123]

These courses do help shorten the learning curve for people new to fx. However they can only teach you the basics.

I do not believe the strategies and custom indicators they provide will lead you to riches, but I may very well be wrong.

I would be wary of those that promise incredible results just by using their custom indicators.

Maybe one could think of it this way: a degree education will provide you with basic knowledge. But it will never lead you to success directly.

 

[pandasr]

Dear TS. Trading is a lifelong journey of learning and practicing. I wish you all the best on your journey. Any first step is good, just remember to take the second step and third and so on.

I offer this phrase from the art of war that helped me alot in my own trading:
昔之善战者，先为不可胜，以待敌之可胜。 不可胜在己，可胜在敌。

Alot of gold to dig from this one phrase. Its most basic meaning for trading is that it is up to you to take the precautions of protecting yourself so that you will not lose, while be patient and wait for the market to give you the opportunity to win. Winning is not up to you but up to the market. While not losing is wholly up to you.


Can't offer any advice on courses as I've never been to any (Too poor to afford ). I would like to share this free thread which I learnt alot from ( don't really see this being suggested here as a forex resource). It is by James16 http://www.forexfactory.com/showthread.php?t=2331.

May you live long and prosper.

 

[daryltan1988]

nice TS , iwas also looking at James16 too. currently i am still experimenting with different techniques constantly adjusting. i stopped using indicators and learn to incoporate my own trading style. want to share in James16 membership ??

Dear TS. Trading is a lifelong journey of learning and practicing. I wish you all the best on your journey. Any first step is good, just remember to take the second step and third and so on.

I offer this phrase from the art of war that helped me alot itoon my own trading:
昔之善战者，先为不可胜，以待敌之可胜。 不可胜在己，可胜在敌。

Alot of gold to dig from this one phrase. Its most basic meaning for trading is that it is up to you to take the precautions of protecting yourself so that you will not lose, while be patient and wait for the market to give you the opportunity to win. Winning is not up to you but up to the market. While not losing is wholly up to you.


Can't offer any advice on courses as I've never been to any (Too poor to afford ). I would like to share this free thread which I learnt alot from ( don't really see this being suggested here as a forex resource). It is by James16 http://www.forexfactory.com/showthread.php?t=2331.

May you live long and prosper.

 

[daryltan1988]

in hindsight.
every indicator is accurate and looks fantastic

every indicator is accurate is inaccurate statement, anyone who tells u otherwise , i advise u to run away from him

 

[icelemontea]

I think many of you are looking for a course that teaches you knowledge and in hopes that the knowledge you acquire will make u profits in forex. However do bear in mind that knowledge is very free nowadays. Just type in the indicator name in google or YouTube and you will be taught exactly how to apply them.

If one must pay for a course, get one that has a non discretionary system. A real methodology for ALL students to become winners in forex, not just some 'talented' students. If a workshop cannot guarantee that you will be able to follow their system 100% then you are just wasting money.

 

[cosycatus]

Contrary to popular belief. The real successful traders hardly spend time trading.

you are talking about investors...not traders.
AND there are a lot of pple who made tons of money doing quick trading. It's a field you are not aware of, and which even warren buffet dun understand.

 

[Forever84]

every indicator is accurate is inaccurate statement, anyone who tells u otherwise , i advise u to run away from him

if an indicator isn't accurate or useful it would have been phased out from knowledge.
all indicators work but everything look prettier in hindsight
a lot of times it is not the indicator that is the problem. its us. and i don't mind interpretation.

if someone tells me indicator x is better than indicator y
i will run away from him.

 

[ant123]

AND there are a lot of pple who made tons of money doing quick trading.

if an indicator isn't accurate or useful it would have been phased out from knowledge.

glad to see corrections made to ill-conceived statements.
there's no hard and fast rule to trading. pretty sure bill gates and warren buffett took a different route accumulating their riches

 

[icelemontea]

Try to find the video broke - the new American dream.

It's about trading as the Best way to making money in the financial arena. A docu movie by Michael covel.

 

[KingOfHell]

you are talking about investors...not traders.
AND there are a lot of pple who made tons of money doing quick trading. It's a field you are not aware of, and which even warren buffet dun understand.

qft

investors make money by spending time on research. traders make money by trading

 

[daryltan1988]

good, i will print out this useful information

i have started coaching threadstarter and frens, hope they will make it eventually. here is a gift for everyone in this forum, take care and good trading!

learning curve for the successful trader

1. We accumulate information – buying books, going to seminars and researching.
2. We begin to trade with our ‘new’ knowledge.
3. We consistently ‘donate’ and then realize we may need more knowledge or information.
4. We accumulate more information.
5. We switch the markets we are currently following.
6. We go back into the market and trade with our ‘updated’ knowledge.
7. We get ‘beat up’ again and begin to lose some of our confidence.

Fear starts setting in.

8. We start to listen to ‘outside news’ and to other traders.
9. We go back into the market and continue to ‘donate’.
10. We switch markets again.
11. We search for more information.
12. We go back into the market and start to see a little progress.
13. We get ‘over-confident’ and the market humbles us.
14. We start to understand that trading successfully is going to take more time and more knowledge than we anticipated.

Most people will give up at this point, as they realize work is involved.

15. We get serious and start concentrating on learning a ‘real’ methodology.
16. We trade our methodology with some success, but realize that something is missing.
17. We begin to understand the need for having rules to apply our methodology.
18. We take a sabbatical from trading to develop and research our trading rules.
19. We start trading again, this time with rules and find some success, but over all we still hesitate when it comes time to execute.
20. We add, subtract and modify rules as we see a need to be more proficient with our rules.
21. We feel we are very close to crossing that threshold of successful trading.
22. We start to take responsibility for our trading results as we understand that our success is in us, not the methodology.
23. We continue to trade and become more proficient with our methodology and our rules.
24. As we trade we still have a tendency to violate our rules and our results are still erratic.
25. We know we are close.
26. We go back and research our rules.
27. We build the confidence in our rules and go back into the market and trade.
28. Our trading results are getting better, but we are still hesitating in executing our rules.
29. We now see the importance of following our rules as we see the results of our trades when we don’t follow the rules.
30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear), and we begin to work on knowing ourselves better.
31. We continue to trade and the market teaches us more and more about ourselves.
32. We master our methodology and our trading rules.
33. We begin to consistently make money.
34. We get a little over-confident and the market humbles us.
35. We continue to learn our lessons.
36. We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our contract size.
37. We are making more money than we ever dreamed possible.
38. We go on with our lives and accomplish many of the goals we had always dreamed of.

 

[sAVaGEmP5]

i got a friend who does that. All day long he just sees the other side of the fx trader take his money and play. And he finds it fun just by glueing his eyes onto the screen. Another failed trader.

 

[daryltan1988]

re

i see u have accumulated quite alot of studies on stocks , what about commodities , are they collerated to your knowledge ?

i got a friend who does that. All day long he just sees the other side of the fx trader take his money and play. And he finds it fun just by glueing his eyes onto the screen. Another failed trader.

 

[fxgump]

Just to share the 3 pairs that i will be looking at this week.

3 pairs in focus are gbpjpy, usdchf and eurjpy.

GBPJPY

I see a bear flag for GBPJPY
Price has cleared strong support in pink. Will look to short either when price retest pink zone or when it breaks out of the triangle pattern. Low risk with the trend trade coming up!

USDCHF

No trade for me until price test pink zone
Daredevils can look to long it when the week starts. Trend followers like me will look to short around pink zone instead. It boils down to what is your trading rule? Have you created yours yet?

EURJPY

Support or break of support?
Depends on how you see it, price has either broken support or it is still supported.

Based on the daily chart, it is a clear break of support.

This gives me the inclination to short when price retest zone in pink.

Final Comments

I have a mail from a reader who ask me to show him my statement to prove I’m good.

I replied that firstly, I am not even charging any money for my signals.

Secondly, just because I am profitable it does not mean he can do the same.

There is an element of psychology and money management in trading that is tough to replicate.

Of cos I didn’t show him my statement, but I flashed 2 charts to calm his agitated soul.

If you guys want to see it, here it goes.

Trade Signal #86 EURUSD

Step by step of how I executed my short on Trade Signal #86 EURUSD
Yes I did not hang on for 200 over pips, but I did pocket 126 pips for EURUSD and it was done via a limit sell entry.

Trade Signal #81 GBPCHF

People like to ask whether we really protect our positions. This picture says it all
See how my short limit order was triggered right at the top. See also how I enter a 2nd position after the break of a support trendline.

Most importantly, see how I protect my trades when it turns against me. Yes, we do what we say, we always protect our positions when we are in profit.

End of the day, the only thing that really matters is whether your pockets are deeper as the weeks pass by.

Do you guys agree?

 

[windwaver]

Been planning with a friend to start a workshop or course understanding Forex and profiting from it.

As both of us are newbies, we would prefer a mentor approach.

We don't mind paying to shorten our learning curve.

A lot of these forex courses are scams in actual fact.