Forex trading is just like anything else in life - to get good at it, all you need is practice. Of course, sometimes you don’t have the time (or the money!) to get the practice you need. In that case, the only thing to do is to get some proper training. If you can find someone to teach you the system, or a good quality forex robot with lots of information and advice, you can ramp up your skills in an incredible amount of time.
So the obvious question is, where to get this training. Forex training is available from all sorts of sources, ranging from slim books of tips and tricks, to huge week-long seminars filled with information and practical advice. With so much on offer, it’s easy to get lost and not know where to start. That’s where I employ a technique I call “information overload”, which has been incredibly helpful to me.
Information Overload is a technique of total immersion. You completely submerse yourself in the information you are studying, so that when the time comes to put it to use, you have no hesitation. If you just want quick and easy success, you can just buy some Forex software - and that will work, but you will do much better if you fully and completely understand what you are doing, rather then letting a program do it for you.
The first thing you need to do is to find an initial information overload source. So, head out to the public library, and ask them for the Forex training books. Once you’ve found them, pick one randomly. And I mean completely randomly - just close your eyes and grab one, any one. Doesn’t matter.
You now have your first source of information. I want you to carry it around with you, everyday, wherever you go, and read it whenever you have a spare minute. On your lunch break. Standing in line for a cruller. Whenever, and wherever, you can. And most importantly, make sure you read at least a dozen pages before you go to bed! That’s right. Every night, without fail, read your book and go to sleep thinking about it.
You see, whatever you are thinking of immediately before falling asleep, is what gets imprinted most strongly on your mind. The purpose of all this reading is not to learn anything. The chances are, if you picked a hard book, you may not even understand it. Doesn’t matter. Don’t even try to figure it out. Just keep reading, passing all the info through your mind, until you finish the book.
Once you’ve finished the book, you can go get another one. Just keep doing this, randomly taking books and paging through them, until you’ve had enough exposure. You’ll know when this is, because you’re mind will start producing facts and figures you weren’t even aware you know. Someone will say something about Forex you couldn’t have got before, and you’ll suddenly realize you know exactly what they mean. You may even start dreaming about foreign exchange. Don’t worry, this is totally natural, and you’re doing well.
The second stage of information overload, is directed reading. Now you’ve filled your brain with knowledge, it’s time to start learning. Go back to the library, and this time take a look at the books. You may be surprised at how well you know them, and can understand what they’re saying. At this point, just let your instinct guide you - don’t listen to anyone else. Your subconscious is full of Forex knowledge, and it knows what you need to learn.
By now your brain is full of information about Forex, and all you’re doing is awakening it. So go through the book, studying it carefully. This time, when you see something you don’t understand, investigate it - find another book, look online, whatever. As you study, everything you already know subconsciously will fall into place, allowing you to go through the book with an ease you’ve probably never know before.
Well, you know know everything you need to master Forex, or anything else for that matter. Of course, for Forex in particular, there is plenty more advice I could give you - but this will do to start with. If you really want to accelerate your learning, I can also suggest you use a program to help you. Most Forex trading software comes with the option to simulate trades, and this is excellent practice - hands on experience is a great way to learn, and a huge help if your just starting out. So if you’ve got the money to spare, I would strongly suggest you find some decent Forex training software to help you out.
Here’s to your success!
Author Jacob Tremblay is a long time stock market trader, who is now working on forex trading. Click here to take a look at his site, where he provides forex training reviews of some of the leading systems.