What is Forex Course like?

Hi, I want to ask traders who have followed course before, what is it like ?

I always think that Forex Course is like hire boxing coach, that means we’ll still learn common materials that are free on the internet with a bit additional new lessons or materials just like in boxing we’ll still learn and do basic boxing technique properly like jab, hook, upper cut. However the advantage to follow a course is you can quickly improve yourself to be a mature trader because of the guidance from your mentor and in his site there will be a lot of serious members to discuss with.

So its the environment that really gives something to you, not the material ?

Am I right ?

Cause I have never followed a course before and its just my imagination of Forex Course based on the Forex Courses Reviews that I have read from various sources.

Please state your opinion especially those who have followed Forex Course.

Some courses are very good, some are very bad. The good ones [I]will[/I] teach you something you didn’t know before, even if it’s a different approach / view to something you thought you already knew, it can start a chain reaction of “aha” moments in your head and advance your skills significantly. So yes, the course material needs to be very significant.

The environment can also be important, but you should realise that many members will be no more advanced than you. It’s very difficult to learn from someone who’s at the same level (or below) you. You need to take advice from people who have been actively trading for years, not newbies who can talk a good game but don’t have the experience to back it up.

There are some excellent mentors & training courses out there and they are worth seeking out. Of course, plenty of information is available for free on the Internet, but your progress will be quicker and surer if you are able to ask questions, have someone look over your trade log, push you when you need it and encourage you when you want to give up.

But ask around before you part with your money. An lot of so called gurus have, at best, nothing good to offer or are simply frauds. Tread carefully, but if you find a good course it’s well worthwhile.

Bump … :slight_smile:

I would stay away from all those. Real traders don’t teach, they trade. Failed traders they teach and the best you can get is a course from someone who failed as a trader so you can learn how to fail and pay for that which makes no sense.

All the info you can find online for free if you are not lazy.

I know of several traders who are both successful and teach. The old saying “people who can, do, people who can’t, teach” is old, tired and wrong. I personally know excellent traders who teach because they get something out of mentoring that they don’t get out of trading for a living - human interaction, a sense of fulfilment and satisfaction from imparting their knowledge.

It takes all sorts, and they don’t all fit into neat boxes.

I think most of the important information you need is already available online, like the School of Pipsology here. But what could make you a successful trader is mostly about discipline and practice rather than hiring a trading coach.

Joined up a couple of courses way back when I was a newbie and didn’t know any better. Yeah, the first course was more of a scam with no support of any kind. But the other course was great - learnt a lot from the trader and have never looked back.
While I do advise most newbies to stay away from paid courses, there are a couple of good ones for beginners with good support system. The trick is in wading through all the positive reviews and finding out if the course is for real.
Usually these paid courses are more for adv traders and as for beginners, baby pips school and a couple of other resources including FF and FPA are great places to start.

Definitely agree with this. As a noob, it might be overwhelming to see those offers of “100% success, 10000+ pips in a day” but as an advance trader you’d be able to sift through the scams and legit courses.

I signed up for Pro act traders about 2 months ago and it’s brilliant. But I struggle to get to the daily webinars at 2pm though.

He promotes a much more safe way of trading but at $300us a month it’s expensive, but worth it.

Paul

Trust me mate dont make the same mistake i made paid so much money and 10% forex the rest e signals ,which they conected to and you must pay ,trust me the best is babypips school you can learn everything you need and you have forems to chat to others one bit of info i can give you {the trend is your friend } and you wont go wrong AND DONT BRAKE THE RULES set a stop loss and make sure you got the edge my strategy works all the time for me FOREX ECLIPSE or Scalping if you like me who dousnt have a big account Scalp for pips on the 15 minute time phrame .
Cheers Eric De Witt

Yes if you can find a Course with a “coach” that will help you and guide you. then you would get the something extra… however i would advise you that many courses out there are only really offering you a boiler plate system that they provide to hundreds of other students as well. whether you take that and become successful with it is irrelevant to them… If they are offering a “System” to you be wary about it. especially when they tell you how their system has 70-80% winners (and can show evidence to that effect). Many now offer Mentors also but be cautious, many times those mentors are really salesmen, once you have paid for the service, they’re not really gonna help you except to say “stay the course, you’ll make money soon”. And if your mentor EVER says “you not doing well, ok its time to invest in our second level course”… RUN!!!

some courses offer you communication with other members of the group. although these members were “Serious” enough to buy a course. they may not be (or not Want) to help you…

The advantage to a course is that it is organised information. looking elsewhere can be disorganised, and even worse some places give you info that is not effective, or downright wrong.

If you are looking for a course. Look for a course where they will teach you how improve yourself. how to seek out your system and develop your business. not just give you a “killer” trading system.

Hey guys,
what’s finally worked for me was the mastering forex program at calliara.com
I struggled for a year before finding them and I can’t speak highly enough about that program cause it’s changed my trading around completely.
I guess the problem is that every trader is different and therefore every person’s going to love one thing and hate another.
I know I did so many courses and spent so much money, it almost made me crazy.

It’s true though, you need a good course, and then you can progress way faster. I look back now and see some of the crap written out there and it makes me sad that there’s these marketers who are taking advantage of people like that.

The good courses are really hard to come by, but they are there. And you may have to kiss a hundred frogs to get to a princess, but eventually you’ll find one. I’m finally making money now and that wouldn’t be happening without the course I took, so I suggest you find something that works for you. And there where times where I thought that was never going to happen and I almost gave up.

Cheers

Hi PB

Before starting any course you can check some articles (free) here in this forum on Price Action trading which may suit a newbie. I am still reading the thread/articles by Mr. Chris there and trying to contribute my charts. You are welcome to join and read the articles:
http://forums.babypips.com/newbie-island/45414-understanding-price-action-chris-capre-222.html#post536756

Yeah, I know…the fact that most of the forex courses are aimed at newbies speaks volumes. Here’s a tip for all those planning to join a paid course: Do the research, check out what’s on offer and that it’s just not some sleazy pitch, find out how much it will cost you.
Often, these courses come with a “low introductory offer, join today, $99.99 only” and usually the intro course is about introducing yourself. And before you know it, you would have to pay a whopping fee per module to continue the course. So make sure there’s no hidden cost.
And yeah, find out the length of the course, what they offer, get as much details as you can PRIOR to joining it…and check out online to see if there are any reviews. Just one rejoinder, most of the reviews are not for real and paid for but the negative ones are usually for real. So check online to see if there’s any negative review. Good luck guys…

I guess it comes down on how you define a successful traders, but your point is taken.

It would be impolite to ask for their bank statements but they seem to make a comfortable living. Ironically, the guy who (I think) does the best is the one least motivated by money.

Money should never be the motivation in my opinion and I do agree that some great traders may decide to mentor someone, but they don’t advertise it. They will hand pick a person they feel like teaching. Those who are out there actively promoting their course/service are those failed traders who did not cut it and now try to earn some cash along the way. I know there are always exceptions, but before sending a new trader out on a mission to find the one or two who may be decent, I think they are better advised to learn on their own as ALL the material can be found online for free.

With proact traders they don’t give you their profits, it’s nothing to do with me, but they do have traders using their “system” tell you how many pips they have. So the success is not based on them but those who are using their system to learn, and it’s impressive!.

All great trader always have a solid plan before they start this great business. Having said that, money is always a key component of it, after all it is a business, now wants they reach their primary $$$ objective, then money takes a back sit to their plan.

Biggest scam I came across was the “[B]Online Trading Academy[/B]”, went down to London around three years ago to see what it was all about… just a hard sell, one time offers… the person running the presentation gave the whole story of his new found financial freedom…poor chap, was actually funny to watch.