Forex Videos: Do They Really Help?

New videos regarding trading in the Forex market are popping up online everyday. There are many types of videos regarding currency trading but only a small number of them can actually help you.

Sales Videos

The first type of video that every trader has seen is a Forex sales video. Sales videos are generally videos posted by the owner of a Forex trading system which pretend to give unbiased analysis of available trading strategies but, in reality, the video is nothing more than a sales pitch. These videos exist not necessarily to help you trade successfully in the market but to sell a product that you may of may not need. Over 90% of online Forex videos can be classified under this category and I strongly recommend you stay away from them as many are a waste of time. So while the vast majority of Forex videos are worthless, there is a small percentage that can help you tremendously.

Forex Strategy & Analysis Videos

There are some videos online which, instead of trying to sell a product, show you exactly how to trade currencies successfully in an open market. These videos feature charts, graphs, a real live guide and, most importantly, step by step analysis of a Forex trading strategy that you can use daily. While these types of videos can be more difficult to find, the time it takes to search for them is well worth the wait as a real strategy video can make the difference between success & failure in Forex.