Forex Training for Beginners: Great Course
A forex training course for beginners must include three elements. It should include a tested trading strategy, good money management or risk management, as well a trading mindset, read here.
Foreign currency markets can be volatile. It is easy to lose a lot of money trading on the forex market online if your are just starting out or have never taken any foreign exchange classes, fx classes, or technical analysis classes.
There are many forex training courses. There are many forex courses. Some offer basic indicators and strategies. They might not give traders the information they need. Unlicensed forex traders may give forex strategies to beginners, which is even more dangerous.
The following should be included in a forex course that is excellent:
1. Proven and tested forex trading strategy. These strategies must have at minimum 60% to 70% success rate in all market conditions. These trading strategies must have been tried repeatedly over a longer duration with scientific testing lasting at most 5-10 years. This method is only possible for those who have the resources, expertise, and facilities to test their foreign currency strategies.
2. A solid money management or risk management program. Warren Buffet’s #1 investment rule: “Do not lose money!” It is essential to protect your capital. For a successful forex strategy, it is important to manage your money well. A forex trader should not risk more than 5 percent on any given trade. Forex traders who use a strategy that offers 60-70% of the chance to win from 100 trades in the forex market online will be more successful than those who trade with the same amount of money every time.