Forex Trading Education: Things You Should Know About Forex Trading

How difficult is it to make money trading the Forex market? How much time does it take to actually be able to make a living trading the Forex market? These and other important aspects of trading are to be discussed in this article.

Trading the Forex market has many benefits over other financial markets, among the most important are: superior liquidity, 24hrs market, better execution, and others. Traders and investor see the Forex market as a new speculation or diversifying opportunity because of these benefits. Does this mean that it is easy to make money trading the Forex Market? Not at all.

Forex brokers agree that 90% of traders end up losing money, 5% of traders end up at break even and only 5% of them achieve consistent profitable results. With these statistics shown, I don't consider trading to be an easy task. But, is it harder to master any other endeavor? I don't think so, consider musicians, writers, or even other businesses, the success rates are about the same, there are a whole bunch of them who never got to the top.

Now that we know it is not easy to achieve consistent profitable results, a must question would be, Why is it that some traders succeed while others fail to trade successfully in the Forex market? There is no hard answer to this question, or a recipe to follow to achieve consistent profitable results. What we do know is that traders that reach the top think different. That's right, they don't follow the crowd, they are an independent part of the crowd.

A few things that separate the top traders from the rest are:

Education: They are very well educated in the matter; they have chosen to learn every single and important aspect of trading. The best traders know that every trade is a learning experience. They approach the Forex market with humility, otherwise the market will prove them wrong.

Forex trading system: Top traders have a Forex trading system. They have the discipline to follow it rigorously, because they know that only the trades that are signaled by their system have a greater rate of success.

Price behavior: They have incorporated price behavior into their trading systems. They know price action has the last word.

Money management: Avoiding the risk of ruin is a primary subject to the best traders. After all, you cannot succeed without funds in your trading account.

Trading psychology: They are aware of every psychological issue that affects the decisions made by traders. They have accepted the fact that every individual trade has two probable results, not just the winning side.

These are, among others, the most important factors that influence the success rate of Forex traders.

We know now that it is not easy to make money trading the Forex market, but it is possible. We also discussed the most important factors that influence the rate of success of Forex traders. But, how much time does it take to have consistent profitable results? It is different from trader to trader. For some, it could take a life time, and still don't get the desired results, for some others, a few years are enough to get consistent profitable results. The answer to this question may vary, but what I want to make clear here is that trading successfully is a process, it's not something you can do in a short period of time.

Trading successfully is no easy task; It is a process and could take years to achieve the desired results. There are a few things though every trader should take in consideration that could accelerate the process: having a trading system, using money management, education, being aware of psychological issues, discipline to follow your trading system and your trading plan, and others.

Forex Education – Forex Software Or a Trading Course, Which is the Best Option For You?

If you want some help with your Forex education the two most popular ways traders seek help in making profits is – either to buy a Forex robot or use a Forex course but which method is the best for you, lets find out.

Forex robots are popular because they offer you the potential to make big gains with, low risk and no effort and there also very cheap with the majority costing just a hundred dollars or so the problem is though – they don't work.

Anyone who thinks that by spending a hundred dollars or so they can get a huge income for life is naive. If these systems worked, no one would work for a living and everyone would be a trader but the reality is the only person who makes a regular income, is the person selling the system.

So can a Forex Course help you succeed?

The answer is yes because they are teaching you the skills you need to win in a market where 95% of all traders lose money. While of course you have to do some study and work, the rewards for your effort can be life changing.

The best courses come from traders who give you proven strategies to use and all the logic behind them so you can trade with confidence and discipline. Furthermore, they will show the strategy and how effective it is by trading it live in daily updates so you can see how much profit it makes.

All the best courses come with money back guarantees, so if you don't like the strategy or feel FX trading is not for you, you get your money back which allows you to learn Forex with no risk.

If you are serious about making money, forget about get rich software and make an effort and learn the skills you need to win and to do this quickly and risk free, the best Forex courses offer you a great route to currency trading success.

Forex Education – 5 Common Trading Mistakes You Must Avoid Or You Will Lose!

Enclosed in this article you will find some common trading mistakes which you must make a part of your essential Forex education or you will lose and lose quickly.

Let’s start with how many traders lose money and its 95% and that’s a big majority! This leads us to our first point which most trades ignore and try and get rich quick.

1. Forex Trading is Easy

Forex trading is not easy and you wouldn’t expect it to be with the rewards on offer. If you want to win, you need to learn skills and this leads me to the next fact about Forex trading and its:

2. Forex Robots and Expert Advisors will Make You Rich

All the cheap, get rich quick Forex software you see sold online will lose you money. These systems offer you financial freedom for paying out a couple of hundred of dollars or less but if they worked 95% of traders wouldn’t lose. They are sold so cheaply because they simply don’t work.

3. Effort or Intelligence Leads to Success

This is a common mistake to make, because you rewarded for these traits in society but you don’t get rewarded for them in Forex trading. You are only rewarded for the accuracy of your trading signal, it can take you 5 hours or 5 minutes it doesn’t matter how long it takes, profits are all that count. You don’t need to work hard or be smart, just get the right education and mindset and trading should take you just 30 minutes a day or less.

4. Forex Price Movement can be Predicted

No they can’t and if they could there would be no market as we would all know the price ahead of time, markets move on uncertainty not certainty. If try and predict you are hoping or guessing and that won’t make you money, so simply trade the reality of price change and you will have the odds on your side.

5. Not Trading with Discipline

This is something the vast majority of traders do and it leads to a wipeout of equity. If you cannot trade your system with discipline you simply don’t have one.

You are going to lose for long periods, all traders do and you must keep your losses small in these periods and take them cheerfully. If you get frustrated and angry like most traders, you will start to run losses and that ends in disaster you need to stay on course until you hit a home run.

How to Win at Forex Trading

The above are all common mistakes and you need to avoid them and if you do and get a solid Forex education, you could soon be making some great profits, in 30 minutes a day or less.

Forex Education For Beginners – Best Practices Explained

Forex has a bad reputation among some traders as a kind of online gambling scheme where the house (the brokers) makes money, while you lose just about everything that you risk. No doubt, this has been the case for many traders, but forex itself isn't the cause of this low success rate – it is a lack of understanding and knowledge that has doomed so many traders to failure. As with any business, trading currencies requires knowledge and patience to deliver its returns. To acquire the knowledge, and gain experience, you must study hard, but given how much useless information there is online on forex trading, the question of who to ask and where to seek acquires a critical nature.

Ultimately, the best forex education for beginners is practicing in the heat of the action without risking much. Since forex is about probabilities, no textbook on golden rules can provide us the foolproof blueprint for a constantly successful trading strategy. Most successful and experienced traders admit that knowing what not to do is just as important, if not more important than knowing what to do in the world of forex. And on the list of lessons on forbidden practices, emotional trading is the first item.

To avoid the dangers of trading too much, and to prevent your feelings from making your trading choices, you must get the best forex education. You can't open a door without a key, and the key to riches in forex is study. There have been traders who failed in spite of a good education, but there will never be anyone who succeeds without learning and studies. So make sure that you arm yourself with the best knowledge available on currency trading.

Forex Education – Bollinger Bands Can Give You a Huge Trading Edge Here's Why

One of the critical pieces of forex education for any Forex trader is to understand the concept of standard deviation of price and how to use volatility to their advantage.

If you understand the concept you can easily apply it with Bollinger bands which are an essential tool for all forex traders.

Let's look at why Bollinger Bands are so useful and profitable, when incorporated in your Forex Strategy.

If you don't know what standard deviation is simply check our article on the concept – right, let's take a look at Bollinger bands.

Bollinger Bands Defined

Bollinger bands are simply volatility bands drawn either side of a moving average.

You calculate Bollinger bands using the standard deviation of price over the same period as moving averages the mean price, then the volatility bands are plotted above and below the moving average.

Moving averages are used to identify the underlying trend of currencies and Bollinger bands take this one step further by:

Combining the moving average of the currency with the volatility of the individual market (or the standard deviation) – this then creates a trading envelope – with a middle mean price (moving average and 2 x bands (expanding or contracting) either side that reflect volatility or standard deviation.

As prices move away from the longer-term average, the standard deviation rises – and thus the bands will fluctuate in varying amounts, away from the average.

Why they work

In any market, the value of a currency traded tends to rise slowly over the longer term.

Prices can and do spike quickly in the short term, but will normally return to the longer term moving average – which represents fair value.

The standard deviation of the outer bands (how far they are from the mean) shows how far prices are from longer-term value.

Most price spikes are caused by trader psychology with greed and fear to the fore and this can be graphically seen with Bollinger bands.

So how should you use Bollinger bands?

There are 3 main ways to use them.

1. Spotting price spikes

When the bands are a long way from the mean you can use Bollinger bands as profit taking signal on existing trades or use them to spot contrary trades.

2. Enter exisiting trends

If you have a good trend in the forex markets then you can use dips to the middle band to buy at fair value.

3. Entering new trends

When prices are trading in tight range and start to breakout with a change in volatility a great new trend could be emerging.

Bollinger bands can certainly give you a new dimension to your forex trading strategy and any currency trading system can benefit from the extra insight that they can give you.

A word of warning

Like all technical indicators you should not use Bollinger bands in isolation to enter trades, however combined with timing indicators such as, the stochastic or RSI, then you have a powerful combination for greater FX profits.

With regard to forex education, knowing what standard deviation is and how to apply the concept through Bollinger Bands, will give you a huge trading edge, so make sure you use them.

Forex Education – Prerequisite for Beginners Before Trading

Forex education is always a prerequisite for anyone who is interested to start Forex Trading. Forex Trading may look simple on its skin, but when you look deep into its body it is often a complicated one. If you want to succeed as a Good Professional, then it is wise to have some Basic knowledge on Forex Trading. basically requires 3 attributes in you. These are Courage, Analytical Mind and Knowledge. Anyone who wants to do and in case does not posses these attributes by default, he can gain these attributes during his training and education. Before stepping in the real forex world, it is imperative to go through the forex demo, which will help the individuals in understanding the mechanism of trading at the Forex Market.

Online forex courses:

Many Forex Trading Courses are available online. But before enrolling yourself for a Course, it is necessary to know the Overview of the Course. A good Course is the one which teaches you right from the Definition, Introduction and Working of. The course should also cover basic concepts like Market Trends, Money Management, Forex Indicators, and Data Analysis etc. From Online Courses you will be able to learn how to minimize risks and develop a good trading strategy. Online Courses provides you Flexibility over time. Hence many Forex Trading Beginners opt for these online courses. In order to get an insight into, you can read Books by Specialists. They will act as a guide in your Voyage of Forex Trading. There are plenty of such books available which are written by Forex Trading Specialists.

Demo account:

Once you have required knowledge to put your feet on, it is not necessary for you to directly enter into the Forex Trading World at once. You can always test your knowledge and expertise in through forex demo. This Demo account will enable you to practice Forex Trading Virtually. You need to invest by using your Virtual Money. Demo Account brings you a step closer to the Environment. By using a Demo account you can get familiar with the Trading platform. Next you can learn how to execute a trade, have a feel of profit and loss scenarios on a real time basis.

You can apply all the knowledge you have acquired during forex education and see if the trading strategy proves fruitful. The Demo account also has its own set of disadvantages. But these disadvantages are over come by the fact that the Demo Account provides you basic practical knowledge in Forex Trading which is valuable for any beginner. Hence, all the beginners who look out for trading at the forex exchange must opt ​​for training and education so that they are well aware of the fundamentals and mechanisms of trading.

Forex Education – The Way of the Turtle

Many years ago, I read the story of the turtles in the book "Market Wizards". I was fascinated to read how the legendary trader Richard Dennis, trained a group of novice traders in just 14 days – and how these novices later became trading legends themselves.

Now we have a book written by one of the turtles themselves. "The Way of the Turtle" by Curtis M. Faith. This turtle and author made $ 30 million for Dennis – and now shares his insight of the turtle experiment and its achievements

The Bet

In 1983, Richard Dennis had a bet with his long-time friend William Eckhardt. They had a friendly dispute on whether traders were born, or could be taught to be successful. Dennis thought they could be taught, but Eckhardt thought they couldn't.

The turtle experiment took place – and Dennis won. The turtles achieved a collective compound rate of return of over 80%. This group of 23 traders had never traded before, yet were taught to trade a system in just 14 days.

"Way of the Turtle" reveals the reasons for their success, and covers such areas as:

. The system rules and methodology

. Why, even though they used the same method, some Turtles were more successful than the others were.

. How to expand the rules that the Turtles used – in order to find core strategies that work for any tradable market.

. How to apply the Turtle methods to your own trading strategy.

. Ways to diversify your trading risk

The "Way of the Turtle is a good book – being easy, and fun to read. The book throws up one key fact that all forex traders should note in their forex education: Simple trading systems can provide a trading edge, but it's psychologically difficult for most traders to follow these systems and take advantage of the edge the system can provide. This is clearly shown by the fact the Turtle's results varied (despite the fact they all were taught the same methodology).

There's also a discussion on the difficulty of executing a system that has a few big winning trades, in order to achieve an overall positive return on investment.

If you learn one key fact from the book, it's that learning a successful trading system is not enough. You need the mental discipline to execute the system correctly – in order to maximize your returns.

I've always found the experiment an inspiration, and I'm sure other traders who read this book will come away thinking, "they did it – so it's possible!"

It's possible to become a successful trader if you gain the right knowledge – but you also need courage and discipline, in order to execute the knowledge correctly.

You may not be as successful as the turtles were – but the book will point you in the right direction, to achieving currency-trading success. The book does this by highlighting some key areas you need to apply in your own forex trading strategy, in order to become a successful currency trader.

"Way of the Turtle" is well worth buying – and you should consider it to be an essential read, and part of your forex education.

Forex Education – 5 Tips To Avoid The Online Currency Trading Trap

Online currency trading in increasing in popularity and with it 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, while others are season professionals looking to create a win-win scenario for you.So what do you do?Here are 5 simple thoughts to keep in mind as your search for your Forex education online:1. The Forex Education Program ItselfYou want to make an assessment of the Forex education program’s approach to learning and ensure it matches your style. Some people can learn by reading a book (very few!), while other require a more structured hand holding approach. Some like a classroom environment, while others want to learn live and online.Make sure you have access to live instructors, this will be your life-line when things get tough. Bottom line; If it resonates with you, then it most likely will fit and you will learn.2. Guarantee Needs to be RealMake sure the Forex education program you consider offers an adequate guarantee. Some programs out there offer only a 2-week trial for big dollar training packages. The refund period should be appropriate for the cost and 30-days at a minimum. The guarantee should provide adequate time to evaluate the product or service and then some.On the flip side of the coin, if the guarantee is acceptable and you have not acted to properly evaluate the product or service within the time frame you should evaluate your own position to determine if you are ready for the training.No Forex education product or service will make you money sitting on the self.3. Coaching RequiredWe all need a coach. Yes, all the information you need to become a successful trader is online. Great, where do you start and how much money are you willing to lose separating the good information from the bad, let alone implementing this vast resource of information?Any person who participates in activities that require peak performance in order to achieve success (Forex trading qualifies!) needs a coach. Make sure your Forex education includes programs that have individual or group coaching as part of the package. Nothing will accelerate learning like live interaction and mentorship. Don’t fall for the go it alone approach.4. Establish Your Goals Prior to LearningEnsure your personal goals are congruent with your Forex education goals. Be clear on why you want to learn Forex trading and what you want to get out of your training. Clarity will ensure the investment in your Forex education will be profitable.Trading is all about personal responsibility. There is an old Buddhist saying that when you are ready to lean the teacher will appear. Remember, you are 80% of the success equation.5. Fast Profits Beware!If any Forex education product or service promises fast money, don’t think; just run away as fast as possible. Forex trading is a process that has to be learned like any other profession. Profitable Forex education will never focus on the money, the curriculum will be established entirely around learning the Process of Forex Trading.The only Holy Grail in Forex trading lies in the six inch space between your ears. Learn the process and the money will take care of itself!When done right, Forex trading should be an almost boring repeatable process. In fact the most valuable investment you will ever make is the one in yourself. Your Forex education will determine whether you eventually achieve your financial goals or not.Remember, there is no such thing as failure there is only feedback. Keeping these tips in mind when searching for your Forex education product or service will allow you find a partner in your success.

HEALTHFUL TIPS 101 – For Holistic Living

Hello to you all,Australia is one of the many western societies becoming a place of obsessive, poor nutrient over-eating; many Australians have poor time management coupled with misguided incentives and misinformation, health has been put in the back of our minds. The health of our western culture is decreasing rapidly. More influence from the drug companies is steering many toward artificial and short term answers. Weight loss surgery and weight loss pills are becoming the norm in our society. Pharmaceutical companies are pumping out millions of pills to the unsuspecting public to merely treat the “symptoms”* of poor health related deficiencies and all the while multiple negative reactions cause many to go through the whole process again months or even weeks or days later to receive more “Bandaid Solutions”*.This article presents a practical approach to achieving and maintaining Optimum health• NUTRITION; Your knowledge and wisdom
With the weather as erratic as it is around the globe, cooling down to the chills of autumn (fall) and winter, or heating up to the searing temperatures of hot summer days it is important to be feeding the body with the right amount of HEALTHY, FRESH and ORGANIC nutrition to support a sustainable healthy lifestyle. Eat into some fresh homemade vegetable soups which are quickly absorbed into the body due to their already liquid state. Fresh fruits are also a staple part of a healthy and sustainable lifestyle as well as lean and organic meats from chicken and beef to fish and other extremely lean game meats which are exceptionally high in protein and Iron whilst very low in fat.Most local fresh food markets (NOT SUPERMARKETS) are a great source of healthy nutrient rich food and you can enjoy the atmosphere with a friend over a healthy lunch. If you are unable to make it to the markets and your only choice is the supermarket, then I encourage you to do your shopping from around the outside edge of the shop, where all the freshest vegetables, meats, dairy and fresher bread are kept. Purchase or even grow (if you can) some herbs and spices to enhance the flavour of your meals as well as increase the amount of minerals in your diet. Minerals help the body absorb all the vitamins which work to build better a overall health.With my experience in the health and Fitness industry i have recognised that very rarely do many of my clients focus on, take note of or are even aware of state of interior health, yet only later after the health has destabilised to the point of illness or disease do many recognise it in their lack of energy, motivation, fluctuating weight (not always increased) and lastly decreased health status.Here are a few questions you should be asking yourself and answering…honestly!1. Are you concerned with the amount of toxins and chemicals in your environment?
2. Do you feel you get enough nutrition from the food you currently eat?
3. Do you eat organic produce?
4. Do you currently get a sound 8 hours sleep every night?
5. Do you feel alert every morning when you wake?
6. Do you have a hard time losing weight?
7. Do you consume coffee, tea, sugar, candy or similar products to give you a boost during the day?• More than 65 insecticides, pesticides and herbicides can be found on everyday produce purchased at the market?
• More people today are reliant on outside stimulants to get through the day, caffeine being the biggest culprit
• Most of us currently have a scheduled maintenance for our car, our home air conditioner, water systems and even our pools; but we are not always as diligent with our own internal maintenance.”Education and Not Medication Is the Key To Optimum, Sustainable Health & Wellness”You see then, the biggest issue (pardon the pun) for many people this day and age in our western societies isn’t just a lack of fitness, motivation, determination but also a lack of real and life giving knowledge and education when it comes to healthy nutrition and sustainability. As a health professional I believe and promote a holistic approach to a complete and sustainable lifestyle. Health professionals should be educating clients and patients toward a holistic and complete lifestyle through adequate nutrition and exercise. I firmly believe that education and not medication is the key to an optimum, sustainable health and wellness.• EXERCISE; Your healthy motivation to achieve!The days are gone when:1. A simple walk around the block was the motivation to go to the shops and buy the milk and bread. Instead Today: driving to the shops in the car is much more time efficient.
2. A game of football, cricket or soccer in the street was interrupted by passing cars and the milkman! Instead Today: interrupted by a new game for the “simulated game console”
3. A rainy day was spent inside playing cards, building miniature battle grounds in the bedroom, a game of monopoly or scrabble Instead Today: hours spent in front of the 100cm plasma playing the latest software game
4. The tired parent preparing a simple meal consisting a platter of fresh carrots, celery, cheese, tomato, capsicum, cucumber, beetroot, apples, bananas, nuts, bread rolls, sliced ham and turkey… and that is just what I can remember from when I was 5yrs old. Instead Today: order FATTY, OVERCOOKED, UNHEALTHY TAKE AWAYThese are just a few examples of the changes which I have noticed in the Australian western cultured background of the last 30 years and I grew up in a large family where everyone who could; played soccer, gymnastics, cricket, basket ball, hockey, volleyball, tennis, AFL, rugby league, rugby union..you name it we played it either competitively or in a backyard, quiet street capacity. Exercise has been left in the dark and only the committed, sport goal oriented, individuals remain. Otherwise it is those committed to some sort of weekly fitness program with a personal trainer. To those who don’t have a personal trainer and last longer than 12 months, striving for above average health…congratulations. I’m talking about those who may be in the category of gold passes to their local gym, I’m talking about those who step outside at any time of the year and participate in some sort of exercise regimen or personal health interest.1. What makes you tick, is it coffee or endorphins?
2. What food did you eat as a child, was it chocolate cake or fruit?
3. How many times can you run around the block without getting tired?
4. Have you been inspired to go for a walk, ride, run or swim in the last 30 days?
5. Have you just eaten so much food that you feel lethargic?
6. How many times have you been sick this year?
7. How many times did you get sick last year?NOTE: This is the beginning of my Global Campaign: HOLISTIC LIVING; this is the first of my Monthly “Holistic Healthful Tips”I will continue to place them in the same category HEALTH AND FITNESS; NUTRITIONI am happy to take feedback from any of my articles and invite all to print and share these with those who they feel need some inspiration and encouragement.

7 Tips For Continuing Education Online

I love continuing my education, right in the comfort of my own home. Can you imagine this – having the flexibility and freedom to attend classes according to my own schedule, choosing the course I want, and having easy access to all the materials for classes for the next lesson?If you too, are an online student, you could probably relate with me. However, if you are considering an online education, there are 7 important tips to know about continuing your education online, and how to be a successful online student:1) You must be able to communicate through writing.As you are attending a virtual classroom, nearly all communication is written, and in order to fully participate in classes, it is critical that you are able to express yourself effectively through writing.2) Motivation and self-discipline.When you attend a conventional school, you have your friends and teachers to motivate you and even ‘punish’ you if you do not complete your assignments. Not in the world of online education. You must therefore be highly motivated and disciplined, and take responsibility for your own education.3) Learn to ‘speak up’In the traditional world of education, if the teacher sees that the students look confused or unsure of what has been taught, he/she will repeat it until the students are clear. However in the online world, the instructors are unable to know if the students are able to keep up to speed with the lessons, unless the students ‘speak up’.4) Have a different attitude towards online educationMost students nowadays think that online education is the easy way to get an education. That is far from the truth. In fact, continuing your education online may be harder than a normal education, due to the strict quality control most online schools enforce. Therefore, view it as a convenient way to get an education, and not an easy way.5) Practise critical thinking and decision makingThe online learning process requires the student to be decisive in making decisions based on information provided, along with experience. And making the right decision requires critical thoughts.6) ParticipateOne of the most important tips is to participate actively in a virtual classroom. You can learn a lot from your peers as well, and this makes continuing your education online a much more fun process.7) Be polite and respectfulAlthough you are anonymous, be wary of your language. You are after all dealing with real teachers and students, and it is crucial to have a productive and supportive online environment. In such positive environments, you will feel more valued, and your own work will have higher value naturally.Online education is starting to take the world by storm, and more and more students are turning to virtual schools to get their accredited online degrees. If this sounds good, you can always request for your free online education match, and decide for yourself if continuing your education online is suitable for you.