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The Online Trading Academy has an excellent self-paced Forex course.  It’s called the Professional Forex Trader Library.   It has over 15 hours of Forex trading training that is combined in a neat CD-ROM package. The Online Trading Academy developed most of their classes for on-site training. Many traders choose the on-site approach primarily because it allows them to have personalized, one on one , training with an instructor. Now the reality is that you don’t really have to have a personal trainer in order to become a successful Forex trader. Many people who are good at self-study find that engaging a self-study course is a good way to go. But because of the complexity of Forex trading there is a large segment of people that require a personal tutor to become accomplished as a professional trader.

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Whatever approach you choose the Professional Forex Trader Library will get you started and will give you a strong foundation in the fundamentals of currency trading. The course begins with an immersion in the language of Forex trading. The material will familiarize you with information on the definition of a PIP, leverage, currencies, and the characteristics of the foreign exchange market, in general. The course covers this area in depth and in a very professional manner.

The key thing for any course of this type is to have credibility with the audience that is being taught. The OTA uses professional traders as instructors and they explain the material in a technically correct and precise manner. They lay the foundation and then they begin to provide the student several basic trading strategies that promise to provide the student a good way to make money from the beginning. Now as anyone knows making money Forex is highly dependent on how disciplined you are in making trades. They stressed this in the course and give the student a significant amount of practice to make this happen. There is even a CD-ROM on stress management. Managing stress is a very important part of trading.

The basis of much of the trading in this market is a thorough knowledge of Technical Analysis. Three of the CD-ROMs are dedicated to technical analysis and these are key for the student to understand how to examine market charts.

Another key part to being a successful trader is your ability to manage risk. There is another CD dedicated to teaching you how to examine a trade and to assess the risk before entering the market. Your control of risk will make the difference 99% of the time in trading Forex.

The Professional Forex Trader Library is an excellent course and the price of $399.95 is very reasonable compared to other courses on the market. You can easily pay several thousand dollars for a course that offers the same information as this course. If you’re of the mind to enter Forex trading this is a great starting point. After completing the course you may find that you want more advanced training and that is certainly available on-site with the OTA or with a more advanced self-paced, home study course.

 

Colon McRae