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History of the Foreign Exchange Market
Why trade Forex?
Beginner’s Training Room - Description
This is a moderated
TRAINING room. It has a specific curriculum but it also allows
for questions and answers from those participating. However,
since the classes repeat, and there is new information given
in each successive class, it is advised one go through the material
of the 8 classes (2 weeks) before asking questions on material
not yet brought up. The second time through all the classes
would be the best time to do this.
Anyone who is interested in finding out about the FOREX market
can and should participate in the Beginner’s Training Room. No prior knowledge
about the FOREX is necessary. It is an ideal place to start on this
topic and/or to bring your friends to who want to know what you are doing.
This is the start of an adventure by providing an entrance point
to a little-known-about market, especially in North America.
It is our belief that the majority of all FOREX traders reside
in Europe and Asia; in North America less than 5% of the population
knows what this market is about or how it operates.
Learning how to use and trade the FOREX market is part of a “mid-range”
financial plan, opposed to a “short-range” financial plan (such as having
a job where you are paid weekly-monthly), or a “long-range” financial
plan where you might invest in something like property and expect to see
a Return Of Interest (ROI) only within a few years or longer. Learning
and trading the FOREX is no “get-rich-quick scheme”. Learning the FOREX
market and how to trade (in general) is a career change! You will
acquire a life-time skill and this takes time and patience. It is not
for everyone. It is suggested that you spend a minimum of 5-10 hours
a week and treat this as a part-time job in order to progress
effectively. Having another source of income is essential to begin with, as
it is unlikely you will “make a dime” for while you learn the BASICS. Trading
for Forex is not suitable for everyone, you may lose some or all your initial
investment. The BASICS is what the Beginner’s Training room is
designed to teach, and so is not intended to produce someone who makes $$.
Not to say that one couldn’t with the data given, but one must realize
there are gradients to learning anything and one is just starting in the
Beginner’s room and it is not intended to produce a fully financially
competent trader. There are higher gradients to learn after the
Beginner’s Training Room; the idea is to get the results expected at
the level you are at before moving onto the next, more complex level.
Keep in mind that trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
The best way to get the most out of this Beginner’s Training Room is to
keep repeating the classes until you know the material COLD and feel
you could teach the class yourself. By doing this you will have very
little if any trouble moving through the more complex levels on your way to becoming an informed trader.
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