Forex education is available for those interested in learning how to trade foreign currencies. A person can learn how to trade forex on select forex websites and downloadable software. Books, CDs and traditional software packages are available on forex trading education.
The following is a brief and by no means exhaustive list of sources. To see our personal recommendations, visit our website.
Forex Trading for Maximum Profit: the Best Kept Secret off Wall Street, a book and CD-ROM by Raghee Horner, provides forex education for those just starting out, trend lines in forex trading, and the differences between major and minor trends to learn. The book also explains the process of placing orders and tries to prepare the reader for the ups and downs of forex trading. The CD-ROM accompanying the book illustrates trading techniques and the author’s successful trading systems. Raghee Horner is credited as a master teacher of forex education.
The Ultimate Professional Trader Plus CD Library is a product of the Online Trading Academy that attempts to be the ultimate forex trading educational package, with not one, but 24 CDs. This pack strives to explain everything from the basics of Forex trading to advice for those wanting to learn Forex trading as a business.
There are numerous websites that offer demo accounts designed to help individuals learn how to trade forex. One particular site, Hawaii Forex, offers not only free demo accounts but also free “webinars”. This site also sells a basic forex trading education pack and a “power course” to learn forex trading indicators.
Another company that will soon be offering live forex training online is Forex Trading USA. This company recommends mentoring as the key to effective forex trading education that will ultimately lead to forex trading success.
Advanz Forex offers online courses designed to “jump start” successful trading. For those who are in a hurry to learn how to trade forex, this might be the educational package for you. This forex training course is available in English and Spanish.
As with any investment, forex trading can result in significant losses. The experts say that the best way to avoid excessive losses is through education and independent professional advice. For anyone trying to learn how to trade forex it would not be advisable to make that first trade until you have a solid forex education as forex trading is more challenging than stocks or options.
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