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Originally Posted by reuben  One more thing i want to stress. Never buy any online courses, pdf's or whatever. If the author claims that he can teach you to make say a 100% a month hes obviosuly a liar. Not because such returns are impossible, but because that if he could really do it he would be a billionaire in a year or two, and he certainly wouldnt bother to sell any online courses.
Everethying you need to know to be a part time, small scale investor/speculator is available for free on the internet. |
The forex marketing out there is a mind field. Reuben is correct that you should tread very careful and be hyper critical of any claims you see made.
There are some gems of knowledge out there, so don't be afraid to look for them.
Before spending any money on anything, do some research and get some testimonials and valid reviews from other users of the product. Make sure they offer a money back guarantee, and you have read reports of people actually getting their money back when they found out the product or system wasn't for them.
Be doubly careful of all the systems and marketing associated with anything you catch on tv infomercails associated with trading. They generally want you to plonk thousands down for a 'simple' system, that generally ends up being not suitable for your own psychology, has poor support, and takes forever and a day to get your money back off of.
If you can't find a review of something that you see advertised and you want to find out more about it, just ask on a trading or forex forum, as there plenty of them out there. Forex Factory, Trade2Win, EliteTrader, MoneyTec, etc.
It can all seem a bit over whelming at first, but there is plenty of good, useful information out there. It can just be a bit like searching for a needle in a haystack to find the info that is appropriate for you. If you get bitten by the trading bug, then you will persevere, and come out enlightened, and hopefully a better person at the end of it all. Learning to trade can truely be a life altering experience.