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Thread: Forex trading - recommended forex trainers

  1. #1
    Join Date
    Feb 2008
    Posts
    538

    Default Forex trading - recommended forex trainers

    I just got off the phone with a trader who was asking me about
    forex trading systems, and who I recommend. I can't blame him
    for asking, because there's so much out there to choose from,
    it's important to be selective about who you learn forex from.

    The vast majority of forex "training" content out there is junk.
    From overpriced internet marketeer forex software programs, to
    non-working EA/robots, to incompetent training, it's even worse
    than the training that's out there for stock and options traders.

    RECOMMENDED FOREX RESOURCES: The "Short" Forex Success List

    Peter Bain - ForexMentor.com
    Peter and his team are well-recognized as the top forex training
    resources online, with extensive courses, training and more. I've
    known Peter for years, have reviewed his content, seen him speak
    at expos and highly recommend him.

    Kathy Lien & Boris Schlossberg - BKForexAdvisors.com
    Kathy's expo talks always have hundreds of people in attendance,
    she's an authentic expert (with great books she's published) and
    an exceptionally bright, knowledgeable forex expert. With her
    colleague Boris Schlossberg, they help forex traders with their
    resources and are also highly recommended.

    Steve Nison - Candlecharts.com
    Steve's been a longtime colleague of mine and his course on
    using candlestick charts with forex is outstanding, and also
    highly recommended as part of your trading arsenal.

    Ken Calhoun - ForexFirepower.com
    My introductory DVD plus 3 practical "how to" forex webinar package
    has been popular with forex traders worldwide, as well (and I'm
    a Forex expo speaker and published industry expert in TASC).

    That's it. I highly recommend you learn from these resources
    when it comes to forex, and study, practice and learn using
    papertrading/micro lot entries & exits to fine tune your trading
    skills.


    FOREX: Who to AVOID --

    Slick websites from internet marketers-pretending-to-trade who
    have affiliates send out tons of emails to hustle the marketplace,
    pitching overpriced stuff that doesn't work and rips people off.
    (fact: they even have contests among themselves to give away prizes
    to see who "hustles" the most sales from their lists - ugh).

    NEVER spend a lot of money with an unknown trading person's
    materials, unless they've PROVEN themselves valuable, with
    lower-priced content first. Do their fr.ee videos teach you HOW
    to trade anything? (or are they just pre-launch 'hype' videos?).

    Do they have books or other resources available (like youtube
    no-cost videos) that demonstrate the value of what they have to
    offer, so you can 'try before you buy', by seeing their strategies?

    Do their techniques show you how to trade, at minimal cost?
    Or do they go for a whopping over-$1000 money grab to take your
    hard earned dollars? Steer clear.


    WHY SOFTWARE AND CHATROOMS DON'T WORK

    Some people think that "outsourcing" their trading to buying
    software (or alerts, or chatrooms) is how to shortcut their
    way to trading success. NOTHING could be further from the truth.

    Trading is difficult, it's a skill that takes years to learn,
    most people never make it, and no software nor chatroom will
    enrich anyone other than the people hawking it. "Sell the shovels"
    to unsuspecting traders is the mantra of most vendors. Boo.

    So, "start small" when it comes to learning from anyone. First,
    be a skeptic, and see if their educational content is:

    a) rehashed newbie basic bs that doesn't work
    b) copycat content that's been derived from genuine experts
    c) straight out "hustle" con job stuff like magic software or
    other 'get rich quick' trading schemes

    OR, are they genuine experts with credibility? Give preference
    to those of us who meet this criteria, at a minimum:

    a) They've published books and/or trading magazine articles
    b) Well-respected from within the professional trading community
    c) Have spoken at expos and are well-regarded
    d) Can show video testimonials from traders they've helped

    AND... finally, are they a good fit for you personally, and
    can help you get from where you're at, to helping you achieve
    your trading goals?

    Things to think about.
    Good trading,

    Ken Calhoun, Pres.
    http://www.TradeMastery.com
    http://www.BreakoutMastery.com
    http://www.MomentumDoubler.com
    http://www.ETFMastery.com
    http://www.ADXMastery.com
    http://www.ChartScans.com (daily alerts)
    http://www.DaytradingUniversity.com
    http://www.ForexSuccessMastery.com (w/Peter Bain)
    http://www.StockTradingSuccess.com (w/Steve Nison)
    http://www.SwingScans.com (for stock swing traders)

    p.s. per sec/cftc/ftc regs, none of this is to be construed as trading recommendations, it's just for educational use only, so you can "peek over my shoulder" to see what I'm doing with some of my trades. See www.daytradinguniversity.com/disclaim.htm for full disclaimer. Past performance is not indicative of future performance.
    These pages contain excerpts of actual trades I've made; it's not a complete record of every single trade I make. Some days I'll take trading wins or losses that I do not take the time to screencap and post online; it's a partial record of some of my trades. Note that I am not making income nor profitability claims of any kind. Most traders lose regardless of what they do. The majority of my personal income comes from my training business. I try to capture the best highlights of successful days so you can see practical examples of what I'm trading. There are also days in which I incur losses (and wins) which are not shown. This is simply a partial record showing highlights of some of my successful trading days. No representation is being made that other traders, including customers, will be able to trade like I do. Generally expected (average/typical) trader results are that all traders incur trading losses and most do not become profitable, regardless of the training they get. Commodity Futures Trading Commission (CFTC) Rule 4.41 HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. The information, services, products, claims, and materials on our sites are provided “as is” and without warranties of any kind, either expressed or implied. We disclaim all warranties, expressed or implied, related to strategies and content provided on this site as well as those that are presented in our products and services.Every visitor to this site, and subscriber (or prospective subscriber or customer) acknowledges and accepts the limitations of the services provided, and agrees, as a condition precedent to his/her/its access to our sites, to release and hold harmless Daytrading University, Trade Mastery, its officers, directors, owners, employees and agents from any and all liability of any kind (including but not limited to his/her viewing and/or implementation of this sites’ content, emails, webinars, videos, subscription to services and/or purchase of any trader training product or service herein). Trading is a speculative, high-risk activity. Trade smart.

  2. #2
    Join Date
    Jul 2011
    Posts
    1

    Default

    Thank you for all your expertise and advice about forex formula: as someone new to forex, I am overwhelmed by the intense amount of learning ahead ; this was a certainly a helpful start !!

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