Based on student's and my personal experience - tricks that most *forex trainers pulled throughout the years of business.
These are the 5 things that forex traders should look out for.
To view full image of *trade posting, read here: http://onlineforexmaster.com/2016/09/5-things-to-avoid-singapore-forex-course/
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
5 things to do and avoid when selecting a good forex course
1. FOREX COURSE
5 TIPS TO SELECT A
GOOD
By a veteran trainer in forex
trading
www. onlineforexmaster. com
2. HI! I'M BINNI
As a veteran trainer/trader in this
business for 10 years, I have seen
competitors pulling tricks on new
learners.
My student shared with me the
tricks they pulled and hope others
could avoid her mistakes.
It's important to know WHAT to
look out for when selecting a good
forex course.
3. 5 SIGNS OF RED ALERT
Forex Trainers do lots of motivation
talk, lots of rallying, 'feel good'
activities & talking about others
experience.
#1
Forex Trainers who teach textbook
materials - concept that can be found
in public domain or print - FOR FREE.
#2
Forex Trainers who do further up
selling#3
4. 5 SIGNS OF RED ALERT
Forex Trainer who promise support
but provide NONE. Ask for help but
no one can help. Experience is
different before becoming a paying
student
#4
Forex Trainer claimed/highlighted
how much was being made but never
share the trade entry beforehand.
Can't provide any proof that the trade
was announces beforehand
#5
5. 5 SIGNS OF RED ALERT
Additionally, my student was shown lots of mobile
screen captures that show trading profits only.
This can be done:
Open DEMO account
Do concurrent BUY and SELL on same currency pair
Close the losers
brag about the winning trades
6. MY THOUGHTS
What was being shared with me
wasn't new
Some competitors pulled such tricks
10 years ago
New entrants came in & pull the same
tricks
These are the 5 tips to judge a
forex course. Try asking these
questions when you attend a forex
preview!
7. 5 TIPS TO JUDGE A FOREX COURSE
#1
FOCUS ON WHAT YOU WANT WHEN
LOOK FOR FOREX COURSES
Your objective: learn forex to make
money
Focus on what the trainer & the course
can help you to achieve your objective
Focus on outcome of your learnings
Good trade, good trade management,
good money management will generate
higher probability of making money
8. 5 TIPS TO JUDGE A FOREX COURSE
#2
ASK FOR TRADES THAT WAS DONE
RECENTLY AS LEARNING OUTCOME
Look for proof like timestamps, dates,
price levels.
For example, my trades posted in G+ are
timestamped.
They were tweeted and telegram to my
students
To ensure that I can't hide losing trades
My trades were provided before price
actions happened, not on hindsight
10. 5 TIPS TO JUDGE A FOREX COURSE
#3
ASK FOR BASICS OF TRADES DONE
Why they choose this trade?
How was trade being managed?
Where is the entry, exit level?
Why was that point being chosen?
11. 5 TIPS TO JUDGE A FOREX COURSE
#4
HOW OFTEN ARE TRADES BEING
DISCUSSED AND TALKED ABOUT?
You are involved forex trading for money
Number of quality trades = money
If you are not asking about trades, but
focus on whether trainer drives a Ferrari
or other students made hundred
thousand, then you are barking the
wrong tree
12. 5 TIPS TO JUDGE A FOREX COURSE
#5
ASK FOR A TRADE DIARY OF JOURNAL
A good trader will keep a trading
journal/diary
Look at the journal, look for patterns
such as small losses, big gains (only this
method can win in the long run)
Look out for trade duration - you will
know if you can execute such trades on
your own in future
13. THOSE WHO ARE REALLY GOOD AND KNOW HOW
TO TRADE DARE TO TALK TRADES. THOSE WHO
ARE NOT, DIVERT YOUR ATTENTION & TALK
THINGS LIKE MOTIVATION AND HOW MUCH
MONEY YOU CAN MAKE OR CARS YOU CAN BUY
Binni Ong, onlineforexmaster