Thread: need some advice

to anyone who is experienced in Forex trading I would value an opinion on the program 4StageProfits,which is an 'earn as you learn' system having two distinct aspects to the business.

I joined because I wanted to learn to trade Forex but didnt have the money.This allows me to earn through the profit sharing /advertising aspect whilst I study the course via forex4dummies e-book.

My question is; in your opinion is this a good way to learn forex does the course appear to stack up as a valuable resource.Here is the link your thoughts would be appreciated: http://4stageprofits.com/?freefish
regards
Mike

Its certainly an interesting mix of things they have. To me theres MLM, training and signals. MLM to me im not interested. The training as expreseed follows.

"For those members interested in learning about forex, we offer training by e-book, and access to other great training resources including other e-books and recommended forums, information, etc. Many of these are free. "

I will check it out and let you know.

The quality of the signalling is of interest for 2 main reasons, a) as a trader i am constantly hungry to evaluate new systems; and b) i have my own signalling service in alpha testing right now.

If you want ebooks just go to the link i posted in another thread a couple of days ago. If you want signalling you can try these guys, or hogan, or my service (again link on another page).

But it comes up so often im getting sick of saying it, if you want to learn to trade then go watch the starsky and hutch film, and memorise that catchphrase "do it!!". As only by trading, reading and talking to other trading will you get there. Forex courses are often scams/ripoffs. The information is out there, chatrooms are easy to join or setup. You need time and be willing to apply yourself. There is no magic bullet. Start with the ebooks. Get a platform. Try it. Lose an account or 10. Get into all the forums. If you are still keen after 6 months, then it may well be for you. Forex seems to suit people who have programmer type (analytical) minds. But the unexpected thing is that some of the best traders are of the fairer sex.

Ok a bit later and ive looked at the ebooks they are some of the worst ones ive seen out there. Again it just makes me think these guys are marketing focused not quality focused. I darent even look at the signalling service based on what ive seen so far.

In answer to your question, my honest opinion is the courses are not valuable and not going to help you get started with a bang forex. Probably with a flop and a bad taste of another MLM in your mouth.

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Doubling the money is easy sometimes in trading but most of the time trader’s failure to make this in their real life trading. It is not as easy as it seems. Before start trading a trader needs to work hard on the demo trading account which is the perfect way to learn trading in Forex. I have practiced on Forex4you broker’s demo trading platform. I practice here for continuous six months.

that's why traders will really need good analytical skills, this is needed and needed so that traders can become better and can get more leverage in producing profits in accordance with expectations with Tickmill.

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Existing funds and risks must be able to be managed properly, this is necessary so that traders can be maximized in getting the security and comfort of trading while on a real Tickmill account.