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