| Your own. Traders who think they can spend | | | | against you. |
| $100 on an e-book and buy success from | | | | |
| someone else are really mistaken. | | | | Look to use a longer term trading system and |
| | | | base it on a breakout methodology. |
| The fact is most of the information you need | | | | |
| is available free on the net and most sold | | | | Now does that sound too complicated? |
| advice is by writers NOT traders. | | | | |
| | | | Trading is essentially simple and you can do |
| Let's look at how to get the best advice for | | | | it on your own for free by doing some |
| free. | | | | research the net. |
| | | | |
| First things first | | | | Most e-books and systems sold I have seen |
| | | | never have a real time track record and the |
| If you really want to buy an e-book or system | | | | systems have no chance of working. |
| from a vendor check their traders and have a | | | | |
| REALTIME track record of success. | | | | Most of the sold advice is either from |
| | | | writers or traders who have never made money, |
| The fact is most don't and rely on the greed | | | | so why not sell advice? |
| and ignorance of people buying their system | | | | |
| | | | If you really must buy advice (and we can't |
| If you find, practice and use the free advice | | | | stress this enough) only buy forex advice |
| on the net you can become a successful | | | | where you get a real time track record. |
| trader. The fact you have done it on your own | | | | |
| will give you confidence in your method and | | | | If they have not made money out of their |
| the discipline to trade it through losing | | | | system why would you want to trust them? |
| periods | | | | |
| | | | Some good paid advice |
| Getting started | | | | |
| | | | If you want to get some good paid advice |
| You should use a technical based system. | | | | visit a bookstore and get some books by |
| | | | traders who have walked the walk and made |
| Use charts there are plenty free on the net. | | | | money. |
| | | | |
| You can read why it works and about all the | | | | There not expensive and are packed with |
| formations you need to spot profitable | | | | valuable forex advice for you to build on |
| opportunities | | | | your basic trading plan. |
| | | | |
| Get a free chart service. | | | | Good choices are: |
| | | | |
| A good one is It has all the charts and | | | | Market Wizards and The New Market Wizards - |
| indicators you will need. | | | | Jack Schwager |
| | | | |
| You then need to perfect your method. Use | | | | This book interviews a diverse cross |
| charts to spot the formations and some | | | | selection of traders who have made huge |
| indicators. | | | | profits and is a very inspiring read |
| | | | |
| You only need a few to combine with charting | | | | Trader Vic - Victor Sperandeo |
| (and we have outlined one free in our other | | | | |
| articles) The best indicators to use in our | | | | Love this book! Packed with insight into how |
| view are: | | | | to construct and implement a trading plan. |
| | | | |
| Bollinger bands, stochastics, moving averages | | | | Covers all the topics you need to know to get |
| and RSI. | | | | your plan off the ground. |
| | | | |
| You can then test out your skills. | | | | Jake Bernstein - The Investors Quotient |
| | | | |
| The best methods are simple so make sure | | | | Goes in depth to look at human psychology and |
| yours is to. | | | | he has written a lot in this area and its all |
| | | | worth a read |
| The more complicated a system is the more | | | | |
| likely it is to break in the brutal world of | | | | Those three books will cost you around $50.00 |
| trading. | | | | or less and are all you need to get started. |
| | | | |
| Simple systems are easy to understand so you | | | | The above may sound simple and it is. |
| will have confidence if the logic is soundly | | | | |
| based and this will give you discipline. | | | | If you think about it the only person who can |
| | | | give you success is yourself. So for forex |
| Forget short term or day trading, that's a | | | | trading advice think about relying on |
| mugs game and you will have the odds stacked | | | | yourself. |