Just a quick note about the benefits of involving yourself in some kind of a Forex trading club. In my view, one of the greatest obstacles that individual Forex traders face is that they trade alone, some even study Forex alone. Let's face it, there is too much to learn and too many mistakes to make if you are going through this process all on your own. You might end up taking your whole life to figure it out. The answer is in the word "collaborative", both in taking on the learning curve and in the trading itself.
Think about it, if you take the time to study each aspect of the forex market one by one, then take the time to implement each part into your trading till you find the best way, you are looking at years. Contrast that with studying in a group environment, led by an effective Forex coach, (such as myself), then you are able to take out a majority of the fluff information that has no value in the overall picture; you can profit from what others have learned without going through the ups and downs yourself.
The same rule affects your active trading, both in a Forex demo account or in a live account. When you trade in a forex trading club, you should expect the following benefits:
You are much less likely to place emotional trades, because other club members or coach will help you see clearly.
You will be introduced to trades that you could have missed, because you were busy or watching a different chart.
You can test a variety of trading strategies with a collaborative viewpoint and gain from the group's experience on it.
You can find out how to apply the tools, techniques, and strategies you have studied from watching your Forex coach or fellow club members analyze it.
Your friends in the club will sustain & motivate you and help everyone do better in the long run.
We particularly like the increase in accounts we make by placing the trades we come across as a group during the club, or during the week on Skype.
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