Forex training: paid or free?
Any person, who has taken a great interest in trading on Forex currency market, realizes that this activity is not very simple and it is necessary to receive theoretical knowledge to master it. The Internet is full of advertisements, where experienced traders offer everyone who wishes to learn the basics of currency trading for a certain fee. Broker companies, on the contrary, offer free education for their clients since they are interested in the growth of their client base and increase of commission revenues. How effective is paid training in Forex? Let's weigh the pros and cons.
Teaching: Where to Find an Experienced Teacher?
The main postulate put forward by supporters of paid training - "a good education is expensive. And it is difficult to argue with this - a qualified specialist will not conduct training for a "thank you". He is not interested and does not need it at all. According to the statistics of brokerage companies at Forex currency market earn less than 10% clients in the long run. Herein lies the main problem - where to get a qualified specialist?
There are many ads and websites on the Internet offering training in profitable trading strategies. It is also stated there that "experienced traders" are more than happy to tell all the secrets of the Forex currency market. The prices for such services range from a few hundred to several thousand American dollars. But is it really possible to learn how to trade profitably from these tutors? In most cases you will come across a common case - people who could not make money in practice go into theory and make money teaching.
Free Forex Training: Your Broker Will Teach You!
You can learn the basics of currency trading absolutely free from your broker. At this moment in time all -brokers provide training services. At all times there has been a lot of desire to work in brokerage firms and in this regard preference is given to experienced specialists who have a good "feel" for the market. In this way a brokerage company increases the quality of its educational services.
With the development of information technology training has become much easier and more convenient. If in the era of the Forex market in Russia were only held seminars in classrooms and only in cities with a million people, but now the seminars are held online and are called webinars. During the webinar each participant is at his computer, while communication between them is maintained via a web application.
Thus, You can get training and theoretical and practical initial knowledge of the Forex market from your broker completely free of chargeand the money you save can be used to trade in the market after you graduate.