Currency Trade


Wednesday, December 05, 2007

4 Steps to Purchasing a Forex Course

By Bobby Winford

Purchasing a forex course can be a lot like going into a bubble gum factory asking for a sample piece of gum. You have to know what flavor you want, what shape, etc .. When you purchase a forex course there are four steps I outlined in order to help you narrow down what to look for in a forex course.


Step One - Figure out how much money to invest in a forex course. This should be money that you can afford to lose. Most people cannot afford to lose money. Make sure that losing this money won't devastate you financially.

Step Two - Make sure the forex course costs less than 50% of the money you have to invest. The cost of the course will not be invested directly in the market. You want to put most of the money you have to trade into your trading account.

Step Three - Make sure that the course does not have any hidden costs. You do not want to have to pay for any subscriptions. You should also find out if the company that sells the course has any paid subscription type services. If they have these types of services, chances are that their system will eventually require that you use them. (free resources however, are always great!)

Step Four - Don't get stuck on the "demo account advertisement." Having access to a demo account can actually lead the forex trader into a false sense of security. It is like paper trading for the stock trader. There is no real preparation for what actually happens psychologically to a trader when his money is on the line. That is why I suggest learning and then starting with a very small amount of capital. The great benefit of the forex trading world is that you can start with $50 (on a good trading platform) and with that $50 have leverage to $10,000 yet only risk the $50, it does not get better than that. Starting with $50 in an actual account is a much more effective route to success in forex trading then getting stuck in the bogus world of the "demo accounts."

If you are looking for a way to make consistent profits through a proven forex program then you have come to the right place: http://www.fxprofits.info

Bobby Winford has been involved in many forms of investment over the years but he is partial to the Forex market, as the possibility of fast and substantial profit has always been attractive.

CLICK HERE FIRST

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