Posts Tagged "Trading Account"

Have You Paid To Do A Trading Course But Not Invested In Your Own Trading Account?

Posted by on Apr 29, 2014 in Featured, Learning to Trade?

Have You Paid To Do A Trading Course But Not Invested In Your Own Trading Account?

Most courses that teach you about forex, the market and trading come at a price. This cost is justified by the fact that the knowledge that you are gaining on the courses are a skill that can lead to financial independence. That being said I find it quite astounding that delegates are willing to invest a significant amount of money to learn but then do not take these skills that they have learnt and apply them to the market. They have the resources they need and at least some experience live trading (a perk of Plan B Trading courses) but do not make an investment in their trading account. If it is confidence that these delegates are lacking there are plenty of resources out there, that now thanks to the internet and smart phones are more accessible than ever. Plan B Trading even offer support sessions and after-care schemes so that each individual does have the confidence to start trading. Another issue I have found is that the longer people leave it to make their initial investment in their own trading accounts the more they start to doubt their own ability and their knowledge. Here’s my advice for that – start small. Only invest money that you are willing to lose. Each trade can be as little as £3 worth of currency. Experiment; get a feel for the market, the currency pairs and the software that you are using. As your confidence grows increase the amount of money you are using for each trade. It really is a case of slow and steady wins the race and there is no shame in that whatsoever. It would be a shame to make that initial investment and then go no further with it. By doing that you will never see any return on your initial investment and no one wants that. It’d be great for people to shed some light on this common issue, so please leave a comment or get in touch via Twitter. If you have any questions about the market or our courses please do not hesitate to get in...

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