Can someone pse introduce me to any site or mentor that would volunteer training on Forex trading?
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It is really a holistic process and requires a lot of patience. My mentor did not teach me how to trade until I worked on my mindset, perception of money and wealth etc.
I took life-coaching classes for 6 months and worked on "mindset," for 8 months before he even started showing me the ins and outs of technical analysis, forex trading, commodities and equities trading. 80% of investing and trading is based on one's psychology.
Hi Chris,
Let me start off by directing you to babypips.com they have a very good style and content on introducing you to the basics of the Forex market and the mechanics involved in participating in this exciting marketplace.
The other thing you may want to do is open a demo account with a broker or two. These accounts are free and allow you to actually trade using "virtual dollars". This is a great way to get some real time exposure. My clients and I use Interbank FX and GFT but you can use any broker that you like.
The other thing you want to do is to decide what type of Forex participant you want to be. Do you want to sit in front of the computer studying market movements all day. Do you wnat to only roll-up your sleeves when economic news is released and the market goes wild. Or do you want to learn how to utilize more conservative hedging strategies and make Forex a key element of a long term investment strategy.
I would be happy to exchange a couple of ideas with you.
May all your guesses be good ones.
Paul
If you are wanting to invest in the forex market now I suggest an investment club I invest with other investors and normally we see a 5.3% return per month Through newsletter on a weekly basis member of the investment club are told what was traded and why as in was it because of charts was it based on news on the economy of this or another country was it because of an impending war or action ...By getting these weekly newsletters you start to develop a sense of what is taking place and how you should proceed with your investments your self . It is recommended that you open a account after one year and start trading yourself but if you prefer a club that is fine too. If you need more information write to me at billone44@yahoo.com
Go and download this free program
and get a great education also..
You can aslo read more about Aden Rusfeldt
http://www.tutorhelp.com.au/currency.htm...
Look up Forex Mentor Trading programme
@ http://www.geocities.com/lcming/forexfor...
Take a class at tradingacademy.com first, it's hands on training. They allow you to practice with their money, until you can prove to yourself that you can make consistent profit in class. At that point you can start usinig your money
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