There are many ways to learn Forex including the traditional methods of books and tertiary study. However these methods have become somewhat outdated in that they do not allow one to put into practice in an interactive way, the theory that is being taught.
Books and face to face teaching at places of learning will give a solid technical base, but that is what it is. Putting the theory into practice is the ideal form of learning. This moves us into the realm of the Internet and web sites. These offer a variety of approaches almost all of which have an interactive element.
The prime three methods used on the web sites are Mentoring, Training, and Software, with these being supported by forums and blogs.
Learn Forex – Mentoring & Training
Web sites offer contact with mentors who are either members of certain website forums, or blogs, who may advertise their services on web sites, or may have their own web sites. These individuals offer to teach on a one to one basis and in particular will either assist you with your strategies, or promote their own. By and large these mentors are experienced traders who wish to pass on their knowledge but often at a cost that reflects their own value of that advice. The advantage of mentors is you are talking with a person who can strengthen your weak points, allay your fears and discuss your strategies.
Some web sites offer group training via Internet classes. These can be effective in that interaction can occur, and opportunities are there to test your strategies. The training material is generally of a high quality, but the structuring of the classes is normally on a “one approach fits all” basis, thus not everybody will be suited by them. Sometimes they are accompanied by software.
Learn Forex – Software
Many web sites offer the capacity to acquire training discs which will have the ability to test your strategies on an interactive basis. The quality of the information and approach offered by these courses varies and care needs to be taken on which course is purchased. With some courses interaction with the providers is possible. These courses are ideal for people who wish to learn Forex at their own pace.
Learn Forex – Blogs & Forums
In general these are attached to web sites that are promoting Forex trading and are very useful in backing up training. They must not be seen as prime teaching areas but the information posted by the blogger and subsequently discussed by posters will be of educational benefit to help you learn Forex.
As with blogs these are not intended to be prime educational tools, but as people post against the various topics, there is room to absorb the material and indeed to discuss those issues, and to post your own topics. They have a distinct learning value in that you are able to share knowledge and to garner other people’s views.
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