June 19, 2011. Paul Hixon
credit: davilesNo, I am not talking about the holy grail of lost traders here, but finding a free forex trading course that actually works is not simple. That is because there are plenty of trading courses out there, and the free ones are often not the best – but then the ones that you have to pay for to evaluate aren’t always great either.
So my conclusion was to start looking at the free courses and I didn’t have to go any further. In fact, some of the free courses I came across were actually better than ones I had paid good money for.
That is not to say that the first free forex trading course you find will work for you – because chances are they wouldn’t. That’s not because it won’t work full stop, just that each trader has a different style, and not every trading style will suit every trader. There are very successful traders who when they trade another style are not successful traders. In reality, when it comes to trading forex – or any other market really – you must trade in a way that you are comfortable and profitable with.
For you younger would be traders, the most lucrative of online jobs for teenagers that I can think of is to give yourself an education in forex and the workings of financial markets. It doesn’t matter when you start to trade for real – you should start your education as soon as possible, so you can transfer your knowledge to a demo trading account – making practice trades to try out your trading styles that you find in the forex trading courses.
You must trade this demo account until you are really ready to open and fund an account of your own, with your own money. Unfortunately this will be longer than most of you will have hoped. I tell everyone who asks me that they need to trade according to their own trading rules consistently and profitably for at least three consecutive months – then you can graduate to a real account.
Updated June 19, 2011. Published May 31, 2011. Paul Hixon
