The hard part really isn't finding a forex mentorship program. In fact they are a dime a dozen. The tricky part is finding one where there is somebody who actually knows what they are doing. Believe it or not, that's hard to come by in this day and age.
For instance, I love all the forex forums as much as the next guy, but have you ever noticed its all the same information being talked about?
You can't go on any forex forum, and not see a million threads dedicated to the subject of indicators like Stochastics. The funny thing is that their is someone claiming to be the expert, by I can almost guarantee you that he is still using a demo. How sad is that?
People just love all the gadgets that come with a trading platform. They'll play around with all the indicators, and the bells and whistles until they are like a child who is bored with their newest toy.
I don't mean to put these people down as I have done the same things when I first started to trade forex.
But thankfully, I eventually outgrew indicators once it dawned on me how much they were hurting my trading instead of helping. Unfortunately, most people don't get to that point. They seem content to pay for one useless trading system after the other.
Most forex mentors seem to fall for the silliness of these lagging indicators. Instead of grasping the concept of price action, they use gimmicks. You can spot a forex mentor, because all he needs to see is a simple price chart.
The reason they can do this, is because they actually understand the market, which is a lot more than I can say for the cast majority of the trading public.
For instance, I love all the forex forums as much as the next guy, but have you ever noticed its all the same information being talked about?
You can't go on any forex forum, and not see a million threads dedicated to the subject of indicators like Stochastics. The funny thing is that their is someone claiming to be the expert, by I can almost guarantee you that he is still using a demo. How sad is that?
People just love all the gadgets that come with a trading platform. They'll play around with all the indicators, and the bells and whistles until they are like a child who is bored with their newest toy.
I don't mean to put these people down as I have done the same things when I first started to trade forex.
But thankfully, I eventually outgrew indicators once it dawned on me how much they were hurting my trading instead of helping. Unfortunately, most people don't get to that point. They seem content to pay for one useless trading system after the other.
Most forex mentors seem to fall for the silliness of these lagging indicators. Instead of grasping the concept of price action, they use gimmicks. You can spot a forex mentor, because all he needs to see is a simple price chart.
The reason they can do this, is because they actually understand the market, which is a lot more than I can say for the cast majority of the trading public.
About the Author:
To find out how I was able to trade with price actionthen you should check out this website about training in forex trading.
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