Paying to learn forex?

[collegeboy]

Since you can only go so far reading a book I am thinking of going thru a mentor or a Online classes/seminars to become fully versatile in Forex. Am I nuts?

It seems that the costs are somewhat high anywhere from 1200-7500 to learn forex at the professional level.

Does this seem high or can anyone on here talk about what type of learning they went thru to become a profit player in forex ????

it seems that learn:forex.com and the Author who wrote Bird watching in lion country, seem to be the most Non scamming group out there.

Any Input on this matter would help.

[ahmed]

you can learn all of it for free...read forums and ebooks

[pipstranger]

The problem with paying all that money for courses is that you don't know what you get out of it. You can't measure benefit. For example, if I wanted to learn Photoshop or something, I would pay....$ whatever because at the end I would learn photoshop for whatever reason I needed it. I would know exactly what I paid for.

If you know what you're getting out of it and at the end you get that, then OK. But my feeling is that you don't know what you get at the end with these forex courses. Similar to a University degree, it doesn't make you smarter or more capable to tackle the world and its opportunities. These courses IMO when you finish won't make you a better forex trader necessarily. It could be that some people have a knack for it, others don't. It could be something else, I dunno.

Anyway, there's lots of free info here as said, plus Bird Watching is awesome!

[danny]

No you are not...
You are so realistic! everything need money to make money,...
So you need to pay somebody to teachs you. In the fact its cost is high enough.
Why don't you try to get free forex source.. many forums,.. tutorials, sites,.. which providing free forex lessons.

Good Luck bro..

[danny]

No you are not...
You are so realistic! everything need money to make money,...
So you need to pay somebody to teach you. In the fact its cost is high enough.
Why don't you try to get free forex source.. many forums,.. tutorials, sites,.. which providing free forex lessons.

Good Luck bro..

[smellyshoe]

People who offer paid services, are generally washups.

Most real traders, if you can get in contact with them, will talk to you on skype or whatever for free providing you get them at times they aren't busy.

Forex can't be taught, it can only be learned. I suggest trial and error. It's not get rich quick scheme. And you should expect to lose a lot of money to start with.

[millionarepopcorn]

If someone is great trader it doesn't mean he will be a good teacher.

I agree with smellyshoe, trial and error.

[nadine]

I definitely concur... DON'T pay someone to teach you Forex. I do like the idea of mentoring, however. That's how I learned...one-to-one with my mentor. Worked great.

It certainly helped me last longer than most newbies. Statistics say 95% of new traders lose their first investment in 2 weeks or less. I lasted 7 months (give or take a few days) with my first investment. That speaks a lot about learning one-to-one with someone. That person doesn't even have to be that great...you can learn well enough with an average trader to keep your head above the water. The more advanced stuff you learn by practice...LOTS of practice.

[davidfx]

There is a saying, "If you cannot do, teach."
Of course to be taken with a pinch of salt,
however, trading is something that you learn by trial and error.
Even so called great traders, whom you are unlikely to find as mentors anyway,
at sometime in their trading life, lose money. Some of the very best, lose Big Time. So you may as well learn as you go, save your money for you trial an error account, and learn by yourself.

[123456]

Not only are you not nuts, I think that getting a good mentor is the only way to really forex.