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Forex Trading Mentoring

Written by ForexCult Team
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Forex Trading Mentoring In the following article, I would like take the time to tell you a little about forex trading mentoring. Based on the fact that there is so much information out there are forex trading mentoring, I recommend that if you don’t find that information that you need in this article, that you take the time to get online and do a little more research. Believe me, there is plenty of information out there so that you are able to choose the right forex trading mentoring program so make sure that you take the time to consider a couple of things when you are choosing what forex trading mentoring program is right for you. To this date there are no courses that you can take in college that I am aware of that will teach you about forex trading that is why most of the learning that you do has to take place in your own home or office. However, there are three programs that are normally accepted for the actual learning when it comes to trading forex. Types of Forex Trading Mentoring The first program that is acceptable for learning about forex trading is the school of actual hard knocks. The second program that is know to be acceptable is a day course as well as CD’s or other videos that are known for using a software program that relates to forex trading. The third course that is normally acceptable is the intensive programs for forex mentorship and the actual trading systems. This course includes a two day course that is known to be very intensive and that is also available with a mentor, this course includes software tools as well as mentorship that is ongoing and actual training. The last course that you are going to learn about is the forex mentoring program and the trading systems which is known as a one hundred hour program that consists of weekly trading as well as ongoing trading and then you will spend the rest of the actual week in what is known as a live trading room that will be spent with a professional trader that actually is known to post his trading results. Now that you have taken the time to look over these courses that you can take to learn about the forex market and forex trading, I am going to take the time to tell you about the difference among the courses as well as the advantages and disadvantages so that you will be able to create a plan that works out the best for you. Different Types of Forex Trading Mentoring The first type of forex trading mentoring that I would like to tell you about is known as the school of actual hard knocks. When it comes to this particular way to learn about forex trading, you will find that it is indeed the most expensive because you are in fact risking your own money to learn by your very own mistakes. You will find that the upfront cost that you have to pay is at a minimal but when you look at the big picture you will see that the total cost will be more than all of the methods that I have mentioned earlier combined. When it comes to the least expensive way that you can learn about forex trading, it is known to be from other people’s mistakes not your own. When it comes to programmed software you want to purchase a software that you know is going to work, keep in mind that you are going to spend a lot of money when it comes to a forex trading software so make sure that you do the research and find one that is going to better help you that is if you are not interested in saving the money and creating one for yourself. Overview of Forex Trading Mentoring Out of all the ways that you can learn about forex trading, I think that the best way to learn is through forex trading mentoring because of the fact that you will be learning for a professional who knows the forex market and knows how the trades take place on the forex market. Even though the two to three day mentoring that normally takes place doesn’t seem to cover everything you will still be able to talk to the mentors once you complete the course so that you can ask the m questions and things to that nature. You will find that forex trading mentoring is not really as bad as some people make it out to be.

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Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

Broker of the Month

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By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.