2009-01-18

Which Forex course is worth to attend?

Quite recently, a few readers in my Discussion Board asked me the same question - which forex course is worth to attend?

"I ... would like to get your advice which forex course provide best system and which one worth to attend?"

This is an alarming question to me because you will realize that the subject matter in this question is to ask for the "best" system. As far as I am concerned, I do not believe there is the BEST system in the market. In fact, I will honestly tell my readers that there isn't any such system in the market. Imagine the system is telling you that it is the best. However, the system itself can never be the Holy Grail. The fact that there exists no Holy Grail in the market means that there is no one "best" system out there.

It may be a piece of disappointing news to many because they have been constantly looking for the best system. Well, you know as much as I do that success in trading business is not only to master one trading system, or learn from one instructor. I have been relaying the following example to many folks and I am happy to repeat:

Suppose A and B both pay $3,000 to learn from X to trade forex. X provides the entry guidelines and the so-called things to watch out. It is not surprising for either or in fact both to ask "can this work in other currency pair?" and "can this work if I do this or that?" People are all like that. They think they are looking for the best system. At the same time, they are also looking for ways to "outsmart" the system. Is this a self-fulfilling prophecy here - i.e. human beings are better than systems? Is there any conflicting issue you realize?

If you happen to shop for a course or a particular instructor, and if he tells you trading psychology is not important, you should run and not walk away. If he tells you that if you simply follow the rules, you will definitely make money. I think you should run and not walk away.

In my example, both A and B may have different trading personalities. Therefore, they may apply different money management rules to suit their own circumstances I believe. It's not about being right or wrong in trading business. It is all about how to manage risks. So, if both are able to adopt certain rules to manage their risks, they are doing a great job as risk managers.

So, here is my reply to my readers: there is no one best trading system or trading course that guarantees making money. We are the ones who control our destiny.

By the way, there is so much free information in the public domain. If we focus on looking for free information, we will notice that it is everywhere. Perhaps one of the most common places to go is babypips.com, followed by forexfactory.com. So, have you checked these websites already?

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