Forex Trading Course VS. Live Forex Training:
What do You Choose?
Many forex traders can not fully appreciate the value of learning to trade currencies online in a live trading room environment, led by professionals. These newbie traders might believe that they are better off creating a forex trading system on their own and not spending any capital resources for live training. We say…
“Why re-invent the Wheel?“
Why not learn a proven forex trading system directly from professional traders as they extract pips from the live market with uncanny precision? Join Sam Shakespeare, in the video below, as he gives you a brief glimpse of trading side by side with a professional forex trader…
Live Forex Training
Forex Trading Course
(Playback Video in HD 720p, Full Screen, if your connection will allow)
This page will allow hopeful traders to review the benefits of live forex trading training programs and empower them to make a decision on whether the benefits outweigh the costs.
There are many advantages to live forex trading training with professional traders, that an online forex trading course can not offer. A few of the major benefits are listed and explained below:
1. Live Forex Trading Training Sessions led by Professional Traders in the Live Market.
This is probably the single, most important benefit of trading in a live Forex trading room environment. Many of us are wondering what is the missing piece to Forex trading success… We understand trends, we get the concept of money management… But what is holding us back from true success? Well, for most traders, it is simply that they don’t have a “role model” or live mentor to guide them. There is no substitute for an actual living example, an embodiment, if you will, of what it takes to trade currencies successfully.
There are certain things that just cannot be learned from reading a book, or watching a DVD, or browsing through forums, or even an online training course. Some things can only be understood by trading side-by-side with live professional traders in the live market.
The accelerated learning curve provided by live forex trading training sessions with successful currency traders is not the only benefit provided. Another advantage is the ability to follow live trade calls, translating to direct profit. While some traders are content just following calls and making pips that are given to them, it is always advisable to learn the strategies as well. So make sure that the live Forex trading room you are considering also emphasizes training of the strategies and not just taking trades to follow without any explanations.
The Tiger Time Lanes Dynamic Fibonacci Grids are already a straight forward forex trading system that, when traded manually, saves hours of time analyzing charts.. When talking with our traders, the benefit provided by the “Tiger Grids” that is most appreciated is the massive amounts of time saved by the ability to analyze several currency pairs across multiple time frames simultaneously! This allows us to identify high probability trading opportunities in a matter of seconds!
And it just got easier… Forex Malibu and Forex Traders Corp are proud to present the FibAlert Expert Advisor Alert System! Now you have a full time, automated trading assistant, scanning the market in real time and alerting you when a proper trade setup exists!
3. Get Real-Time Advice and Analysis on Trades You Are Considering Entering or Exiting.
The ability to to get feedback in real time within seconds on a trade idea that you might have is invaluable. Most online Forex trading courses will provide e-mail support for their trading systems. But what happens if you are in the live market and you are not sure what to do? If you are in a LIVE online Forex trading room, you would receive immediate analysis and coaching regarding any questions you might have. When money is on the line, nothing beats real-time live support from professional, successful Forex traders.
In addition to the real-time feedback on your trade ideas, you will receive constant coaching regarding discipline, trader mindset, psychology and risk/money management techniques. In other words it’s like having a professional mentor over your shoulder, constantly guiding you until you are able to take control of your Forex trading destiny.
4. Trading live with a like-minded group of other traders, conversing and sharing trade strategies and calls.
This is another major benefit of trading a live training room that a trader will not get in a forex trading course. When trading daily in a live trade room, you will build rapport and camaraderie among yourself and the other currency traders. It is truly an important aspect of trading as it promotes relaxation to the individual trader and prevents the feeling of isolation. It is a benefit to new traders entering these live sessions because they can quickly add to their knowledge from the other experienced traders that reside in the trading training room. The sharing and exchanging of strategies and trading systems from experienced traders to newbie traders imparts knowledge that would have otherwise been inaccessible.
It is advisable to seek live forex training where the experienced traders actually get pleasure out of helping newbies become profitable. I know most experienced traders enjoy helping novice traders because it actually enhances their own knowledge and trading. The Tiger Grids live trading room prides itself on the positive environment it provides, making it conducive to learning!
Another advantage to trading with a group of other traders over just attending a forex trading course is: more eyes on the market. If more people are monitoring more currency pairs they can alert their fellow traders of upcoming trade setups and signals. In effect, giving the trade room subscriber the ability to profit on trades they would have otherwise not noticed. In this way a majority of the market can be covered through simple teamwork.
BONUS! Make Friends All over the World!
There’s a lot to be said about companionship. But the main thing is it enhances the entire trading experience. No more trading alone, with that isolated feeling. You know, the feeling like you’re the only one in the world losing money. Find a quality online live forex trading room, you will find that the benefits far outweigh the costs associated with membership, providing you have found a profitable room.
If you are looking for a live online Forex trading room to join, Forex Malibu and the Tiger Time Lanes Online Trade Room provides one of the most transparent and profitable forex trading systems available.