Monday, September 04, 2006

forex #17

How To Get a Harvard FOREX Education on a
Community College Budget.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


We're going to share something with you that is not a
popular topic in the FOREX trading education world. We have
gotten some nasty comments by other FOREX trading course
authors by implementing this philosophy.


This nasty little secret is the lifeblood of the FOREX
trading education industry. We legally cannot mention any
company names here, so we're just going to tell you what
this nasty little secret is (not the people/vendors who look
that other way and don't *come clean* and admit it). We
will also give you guidelines to avoid falling into any
traps.


Here it is: All the information you need to trade the FOREX
is available in free (like this e-course) or low cost
resources (like our low-cost e-book packages).


If you search for FOREX trading systems you will see an
unbelievable trend. You will notice that many FOREX
courses are charging thousands of dollars for trading
courses. Perhaps the information is good, perhaps it is
not. But, would you believe, this is not even the most
profitable part of the industry.


Other trading courses REQUIRE you to subscribe to a paid
service that forces you to depend on that service. These
paid services can be email notifications, software leasing,
& other types of services. Without these paid for
services you simply CAN'T trade using their methods!


So what is the problem with a paid service? These services
do not explain how the systems work. You are blindly paying
for someone else's recommendations. [note: The person
selling the recommendations could be using free resources
to make those recommendations].


Ok, let's suppose the paid service predicts FOREX movements
with the greatest accuracy. You begin to make hundreds of
thousands of dollars by using the service. But something
happens and the service becomes unavailable. What would you
do then? You have just allowed someone to retire your
trading career early and at will.


Maybe the paid service works really well at first, but then
the person running the service turns it over to someone
else. You could lose a lot of money before you realize that
someone new isn't running the system properly.


It is never a good idea to put your fate in someone else's
hands. If you could learn how to predict the FOREX for
yourself, you would be in total control. You would have
knowledge that nobody can take from you.


We have been cheated by expensive courses that didn't
deliver. For instance, Brian spent $3,000 on an investment
course that gave great information. But the information
they taught him was useless unless he subscribed to an $80
per month software package. It took him 3 months to lose
the $2,000 he had in his trading account. But he also lost
the $3,000 on the course, plus $240 for the software
subscription.


This really happened to him. The worst part was that he had
paper traded using his own methods and had paper profits!
If he would have stuck to his own "homemade" trading system
he probably would have turned that $5,240 into $6,000-$7,000
in the same 3 months!


This experience, along with a few others by me (Robert),
caused Brian and I to partner up and provide you with the
best-quality and most complete self-taught FOREX courses
available.


We charge an extremely low price for our FOREX trading
methods and investment strategies because we did not like
having to spend $3,240 to lose $2,000. One man who sells a
fairly expensive trading course bought one of our trading
strategies. He then emailed us telling us how much he
loved our trading philosophy. He then told us we should
charge far more for this course (that one eBook alone. We
thanked him for his input, but we told him that we wanted
our clients to have the greatest value at the lowest price.
He became very angry because he wanted to overcharge for his
course (By the way, his course is useless unless you
subscribe to his paid email service).


We told you this story because there are a lot of people out
there overcharging for good information. Anyone who puts
time into developing a system has a right to charge a fair
price for their efforts. But just because they charge a
high price does not mean that the information is premium
information.


=============================================
We Teach -- but, We Also DO.

Yes, not only do we write the easy-to-learn
"fast track to trading" self-taught courses
at RapidForex.com, we are also very active,
focused FOREX traders.

One of the even "nastier" secrets, or sad
realities, of the trading industry and FOREX
trading in particular is that there are far
more people making money selling systems and
"ways to make money trading" than there are
people actually making money by trading.

There are many "famous traders" who don't
make money as traders. They make money selling
new trading systems, seminars, home study
courses, etc. Many, if not all, of these so
called "experts" can't trade and don't trade
the systems that they sell.
==============================================


We have now ruled out paid subscription services - so you
are one step away from low-cost FOREX trading capabilities.


When you think about getting involved in FOREX trading you
have 3 options.


Option #1 - Pay a lot of money for a course & software
you can't afford and hope you can recover the cost of the
course with the little amount of money you have left for
trading.


Option #2 - Figure out how much money you have to start
trading the FOREX. Then find some low cost information to
save you time and get you trading faster, while still
allowing you to have most of your money available to trade.


Option #3 - Spend several years learning everything there is
to know about the FOREX, and testing trading methods until
you discover the secret on your own.


Out of the 3 options above, the only one we think is
ridiculous is option #1. Option #'s 2 & 3 are the sensible
options. Option #2 is the category most people fall into.
Most people do not want to spend more money than they have
to start trading, but they do not want to wait the length of
time that option #3 demands.


At this point you have to decide which category you are in.
Please think to yourself and say "I, akin, am in
category number ________" Did you put yourself in a
category?


Ok, we'll give you another chance to do it now.


Now you should have done it. What category are you in?


We have to assume that you consider yourself in option #2 or
#3. This e-course is actually perfect for any of the
options listed above. The focus of this mini-series fits in
somewhere between options 2 & 3. The information in
this 20-part e-course is designed to give you the
information over time so you can get closer and closer to
knowing everything about the FOREX. Actually knowing
everything is impossible.


So if you fell into option #'s 2 or 3 you have to decide
right now when you want to start placing trades in the
FOREX.


If you want to start placing real trades in the FOREX market
within 3 months, you will probably need to purchase a FOREX
trading course. The only way that you will be able to learn
enough details about trading the FOREX will be to learn from
someone who has already researched and tested FOREX trading
methods.


There is nothing wrong with purchasing a FOREX trading
course in order to learn. The person who prepared the
course first had to learn how to trade the FOREX. They then
had to spend time writing their techniques into an
understandable format. They also had to pay for advertising
to get the message about their course out there.


Once you purchase a course, you will need to test it for
yourself. You should always verify that the trading system
works for you by testing it out on paper before putting real
money at risk.


Guidelines to purchasing a FOREX course.


Step 1: Figure out how much money you have to invest. This
should be money that you can afford to lose. Most people
cannot afford to lose any money. Make sure that losing
this money won't devestate you financially.


Step 2: Make sure the course costs less than 50% of the
money you have to invest. The cost of the course will not
be invested directly in the market. You want to put most of
the money you want to trade with into your trading account.


Step 3: Make sure that the course does not have any hidden
costs. You do not want to be locked into having to pay for
a signal subscription without which the trading techniques
are useless. You should also find out if the company that
sells the course has any subscription type services. If
they have these type of services, chances are that their
system will eventually require that you use them. We at
Rapid Forex do have an OPTIONAL subscription service to our
Resources Section, which is to provide you with additional
tools & resources that are helpful but not "required" to
make use of what you learn from our training materials.


Step 4: Make sure you can practice trading in a demo account
and still get a refund. There are courses out there that
require you to place trades with real money before you get a
refund. In this case, you would only need a refund if you
lost all of your m.oney! We at Rapid Forex are SOOOO
confident about what we teach that we offer a 200%
guarantee.


Step 5: Make sure the information in the course teaches you
how to trade independently. You need to be able to take the
information you learn with you if you discover a better
trading platform in the future.


You should follow the above 5 steps any time you look for an
investment course. If the courses do not meet the
guidelines listed above, you should move on to the next
course.


Now let's suppose that you want to take your time learning
about the FOREX. You are not in a hurry. You want to learn
as much as you can before investing any money in the FOREX.
You may want to purchase a course in the future (or maybe
not). You need to be ready when that time comes. You would
like to learn a lot about the FOREX without risking any
money. You even want to experiment with some trading on
paper before you spend any money on FOREX courses.


If the above paragraph desribes you akin, then you
are in luck. We have just desribed the person we created
this e-course, and ongoing ezine, for. The main benefit
that we get from publishing this fr.ee e-course and ongoing
industry/trade updates is that we stay connected to the hot
topics of the currency market. Teaching other people always
helps you to learn better. It is easy to get into our own
little "comfort-zoned" world and stop expanding our
knowledge base.

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