I know that if you are contemplating about purchasing a forex trading course, you will surely not run out of available options, as there are hundreds on the market. There are plenty for every kind of trader. It makes no difference if you like forex scalping, where you buy and sell a currency pair several times in a day, or you consider yourself a long term, position trader.

However, I am a firm believer that the number one thing that you should be asking yourself before you purchase a course is “what am I going to learn?” Is it just going to be the “same old, same old” that you hear about in forex trading communities or will the course go a little deeper an teach me how to have a stronger understanding of the market.

The biggest problem today with most modern forex courses is the fact that they just don’t do a particular good job of taking the time to explain to their customer a deeper understanding of the currency markets. All they usually tell you to do is toss a couple of indicators on a chart, as if that’s going to solve anything.

There are so many things wrong with this that I don’t even know where to begin.

How about we start with the obvious, which is indicators are all lagging. If you don’t know what this means, all you are doing is trading off of what has already happened to the market, now what will happen to the market.

The other thing is what exactly are these indicators really telling you about the market? Let’s look at stochastics for example. These indicators are supposedly useful for telling you whether a currency is either overbought or oversold.

The question I want to ask you is do you really think that the majority of traders even have the slightest idea what it would mean in order for a currency to be overbought or oversold? I really don’t think so. In fact, most just see a bunch of colors and lines.

So, I am afraid I am going to have to go back to the original question: What are you learning if you were to purchase the course.