U.S. Government Required Disclaimer - Trading foreign exchange, futures, stock, or options on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Get Educated
You've finally decided to give trading a try, but unsure how to get started. There are so many courses that can assist you in your journey, but which one should you choose?
Here are two websites that gave me a good foundation on trading basics and showed me which mistakes to avoid when getting started.
Here are two websites that gave me a good foundation on trading basics and showed me which mistakes to avoid when getting started.
Real Forex Profits
A few years ago, a coworker introduced me to a basic trading program he thought I would be interested in. Real Forex Profits made learning Forex simple and easy to understand and do. This program will teach you the basic trading concept, how to implement, and then manage it. There are also trading examples throughout the course from start to finish. This is a great tool for new or seasoned traders.
Apex Investing
I found Apex Investing's materials when I was looking for basic information on binary options and how to trade them. What I found was a treasure chest of information; not only on binary options, but Forex and futures also. The owner of this website wanted to help new and seasoned traders become better and have the ability to create the financial freedom they are looking for.
Summary
There are several trading courses that you can choose from that it can be overwhelming. My wife and I looked for a teaching style that we could understand and were comfortable with. Make sure that you are comfortable and are able to implement those strategies without questioning. Check for reviews of the company and also see if there is a community with other traders.
This is a great way to engage other traders to find out there success with the program. Also the community can help when you are struggling with your trades. Again, this is a great way to have other individuals that can help you during the good and the bad.
This is a great way to engage other traders to find out there success with the program. Also the community can help when you are struggling with your trades. Again, this is a great way to have other individuals that can help you during the good and the bad.