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If you're interested to invest your money in the largest financial market in the world (AKA the forex market), the safest way to start is strengthen your foundation first with profitable forex trading education. Of course, you can start right away by utilizing automated trading system, but it is always better to learn how it works first before tossing your money in. The problems that most novice traders have in following certain forex trading education is the lessons are contain too much details. Contrary to what people (or the trainer) commonly believe, tossing a bunch of theories on their students won't make them learn faster. Learning the basis first is common sense and you'll have to do it, but teaching scalper strategies to someone who just barely grasp the concept of lot size and pips difference will only encourage him to drop the education program halfway. When you follow certain education/course that do nothing but confuse you, it may be better to drop the course and look for something better and easier to understand. Here are what you should be looking for: 1. A course that doesn't try to fill your brain with 101 trading strategies If your aim is earning steady profits from the forex market, you don't need to master every existed trading strategies. The course should have one or two proven strategies to pull winning trades from the forex market and those are what you need to master; remember that learning too much strategies will only caused “analysis paralysis”, a state where you're stuck because the strategies are contradict each other. So, familiarize yourself with the fundamental, master the proven strategies, and test it right away. It is that simple. The best way to test it is open a demo account in an online forex broker. Currently, there are a lot of online forex brokers and each of them is trying hard to promote themselves; if you've checked many forex sites, I'm pretty sure you've stumbled upon their banners or text ads. Some of them are scam brokerages and some other don't even regulated by official financial authority, but for now it doesn't matter. Just open a demo account and test your strategies there. I suggest you choose a broker that use MetaTrader4 (MT4) trading platform. For this, AvaFX is a good choice as they have MT4 demo account; read more about them at AvaFX review. 2. Practice comes after theories If all that you do in your forex trading education are merely eat theories after theories day in day out, then you're bound to fail from boredom and information overflow. It should keep alternating between theories and real action; this real action can be done by utilizing a demo account. Everything that you need in trading forex is provided in your trading platform, thus you can use it to test and practice many things. A good forex trading education doesn't has to be full of details and theories; on the opposite, simple lessons that limited to a couple of things that you need to master in order to success in forex trading are what you really need. I suggest you check forex wealth builder review to learn more about a course that offer such materials.
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