Want to learn about trading the forex market? Forex education is important for experienced day traders and beginners alike. Many would-be traders make the mistake that forex trading is easy. After all, it can go up or down and you only have to be on the right side, right? Unfortunately it is not that easy. In principal it is true but the problem is, you, or your psyche, gets in the way of this process. and that is where it goes wrong in many cases. So, how can you correct something that you don't know you are doing? Answer: with great difficulty! Would you go to a seminar instead of a doctor if you were ill? No! Would you start to play golf without having some lessons from a professional? No! Would you buy a house without using a lawyer or a surveyor? Very unlikely. So why would you commit your precious capital to a venture such as forex trading without getting some guidance? Therefore, it would seem reasonable that you would engage an expert to guide you on your way. Too many investors and traders nowadays approach foreign exchange trading from a purely speculative point of view, lured by the attractiveness of huge leverage and other benefits inherent to the forex market. This leads to many new traders chasing currency prices up and down without a specific strategy or system - similar to Las Vegas style gambling. It is very difficult to succeed in day trading without a set plan of action. There are countless of technical analysis books out there that explain thousands of different indicators and signals that can be used to trade, but this is not enough. A trading strategy must include how to specifically use the charting data available to buy and sell Euros, Yens, Dollars, etc.; in other words - it must put everything together. The strategies we teach in our training sessions are very involved and thoroughly explained by our instructors. Some of the questions answered by our trading system are: ?When should I get into a trade? We provide specific rules that must be met before going long (buying) or short (selling) a given currency pair and providing high probability trades. This includes the number of currency lots or units that will be bought or sold. ?After I am in a trade, when should I get out? Many traders get into a trade without knowing where to get out. This is a big mistake. The trading strategy we teach includes where to place stop losses (or stop orders) to limit the amount that can be lost on any given trade. This is important for any market, not just forex. ?I am making money. Should I get out now? Some traders get out too early from a winning trade because they do not follow a given system. Without a specific strategy to follow, a trader is likely to succumb to his emotions and get out of a trade because of nervousness. To prevent this from happening, the system we teach in our free training helps a trader determine exactly where to realize profits - whether to let his profit run or take a small 10 pip gain and move on to the next trade. ?Am I going to understand this strategy well enough to make money? Often currency traders spend so much time trying to understand a system that is so mathematically complex that they never get to make any money. To be profitable, it is extremely important for a trader to understand the strategy he is using well enough in order to apply it correctly. There are very few profitable people out there using super sophisticated trading systems. At Forex Day Trading we want our customers to understand what they are doing. That is why we teach them a working system that is not too complex to master. Complete mastery of a trading system is one of the keys to trading success. The "IFX-1 Trading" on-line course is administered in an online learning environment, with dedicated support from professional forex traders and instructors. Our course instructors are dedicated to your success and students can continue to ask questions and interact with course staff for one week after completion of the course. Unique, Fun and Interactive Learning EnvironmentAll course materials, assignments and quizzes are administered in an easy to understand format. Course materials can be viewed anytime 24-hours-a-day, saved and archived for future reference even after graduation or printed for study offline for learning on the go. Learn at Your Own Pace Learn everything you need to know to get started in active trading on the right track.
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