Forex Training courses I bought, over-paid for and you should avoid !
I read various forex e books and then invested heavily ($3000+) in a training course from a guy that was allegedly an ex bank trader.
The course was not bad and gave very detailed explanations of what the forex market is about ( Five years ago forex at home was a relatively new concept, so there wasn’t so much free info available as there is now).
However, value for money wise it is a joke.
The basic premise of the course though was to look for a “secret forex signal” that occurred every day, – in truth its just a candle pattern/break. They only look for 15 pips at a time/per day.
The course is periodically relaunched with varying titles, Andy X’s Forex Secret/Insider Signal- read my review here andy x insider forex signal to find out
WHY YOU SHOULD NOT WASTE YOUR MONEY ON THIS).
Anyway back to my tale of woe. About a year later I joined Fx Bootcamp. Their selling point is that their sessions are live. They have coaches trading up to 16 hours a day LIVE. This seemed to be the solution.
By this time I was down a few $1000 but seemed to be getting the hang of forex. I was a member for a year (approx $2.500k cost), currency trading every day (sometimes up to 10 hours – what was I thinking), mainly 15 minute charts.
In fairness to fx bootcamp their tuition and analysis is excellent, but no-one in their right mind wants to spend that much time at a computer screen unless they are making a fortune.
I did alright for a while & at one point seemed to be getting the hang of it, but eventually had a bad run. I lost the plot, broke all the rules, overtraded, over leveraged etc etc.
I’m $15.000 Down. The turning point.
About 2.5 years into my forex (non) career I was approx 15k down. I KNEW there was money to be made, but I just wasn’t able to catch the bloody thing. I bought yet another e book the 5ema trading system.*
This was not a eureka moment & things did not improve over night. However, the best thing about this book was it was the 1st step for me away from 15 minute charts and got me into longer term, less volatile trading.
It also has a trading system that works, so you could be up and running with a demo account, within a few days.
* Since writing this article I have recently found a much better training course for beginners & intermediates & its cheaper. The 5ema system costs approx $99. For a better value at only $49.95 check out my review traders secret
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