A good portion of the online forex trading information isn’t genuine because marketers cleverly disguise the learning material as a long sales letters to highly priced products, services and software.
I don’t have a problem with them selling products, as long as they offer useful and genuine online forex trading information. You need books that are not biased and provide a variety of resources for continuing education and comparison.
After all, you are expecting to learn about the online forex trading in genuine layman’s terms with easy-to-follow examples. The problem with the majority of books on trading forex is they have been unnecessarily complex and technically dense, written for institutional investors making billion dollar-plus trades.
Make certain the resources on any site provides you with high value forex trading system courses and the straight-talking information you need to get a feel for the market and determine how to fit forex trading into your long-term investing program.
Genuine online forex training should go beyond simply describing what the forex bitcoin online is and setting up a trading station, opening an account, and placing your first trade.
It should provide concise and effective how-to principles for successful trading including fundamental analysis such as economic indicators, inflationary indicators and more. Your education must also contain technical analysis from basic charts and patterns to Fibonacci, Elliot Wave, and Pivot Points.
Money management principles and the psychology of trading are required to ensure that you trade with your head instead of your heart. Genuine online forex trading information should provide multiple trading techniques so that you also learn charts and graphs. You cannot get around this.
Do not be impressed at all with the way fundamental and technical analysis are interpreted and explained when they are superficially covered while the psychology of trading forex is not even mentioned.
Any trader ending up with less than this is merely receiving forex 101 materials and not real forex trading training, just a compilation of some articles with no real pragmatic and systematic plan on how to apply the information to winning forex trading.
Another common misconception is thinking there is no-way any respectable big time publisher or online bookstore would release a book if it was just advertising. However, many would be traders have been proved wrong.