Archive for December, 2011

What’s the Matter With Forex Education and Training?

December 25th, 2011

There are three models of education that dominate the Forex Market today. They all claim to have the magic formula, exclusive knowledge about the market, or some hyped up set of proprietary indicators. Their promise to the ever re-generating gaggle of hopeful FX traders is the easiest road possible to the promised land of Forex Enlightenment.

Understanding the realities of what’s out there on the market as far as education is an important thing for someone who is out there trying to become a Forex trader. This article addresses some of the more common paradigms of the current Forex Education Market.

The Seminar

This is, perhaps, the most common form taken in the FX Education Market, because it usually leverages the notoriety or charisma of a supposed master trader to convince their potential devotees to plunk down anywhere from $3,000 to $8,000 for the privilege of spending a short weekend “learning how to trade”.

Starting at nine in the morning, usually a 9:00 AM, the host of the seminar will begin. After a lunch and several breaks you might get a total of 6 hours per day a Forex education.

This type of education is marginal at best because you are only exposed to the information for a short and inefficient weekend – after that you’re on your own. If you’re lucky, you were able to take notes and make scattered “next level” observations that might carry you through until you’re able to retake the course – if they allow that!

You’re only one of maybe 100 people in the room who are all vying for the attention of the supposed master trader or trading celebrity who is running room. So, you have to wait in line in the chat to get your questions answered, and what’s worse, you have to wait behind the questions of the slowest people in the room who, no matter how many times the material is explained still have questions that are very basic, and range from repetitive to astoundingly pedestrian, As a result, the presenter must spend enormous amounts of time trying to remedially educate the slower members of the room while you wait, minute after minute watching your very expensive Forex education be wasted.

So the bottom line is that it’s a very expensive way to obtain what is usually only a rudimentary Forex education, simply because there’s not enough time to train the group in the basics of trading, much less the advanced topics that are necessary in order to profit in the Forex market.

The Chat Room

The other type of education that is very popular among the online Forex education web sites is the ubiquitous chat room. This is where a group of moderators spend the morning or just a part of the morning attempting to disseminate educational tidbits to a large group of hundreds of people. If your lucky enough not to be completely annoyed by the voices that are coming through your computer speakers, you may be able to collect enough information over the course of the next few months to construct some semblance of a proper education. There is never an organized lesson or consistent pre-scheduled teaching, and the moderators, because they are distracted from trading by the continuous questions from novice traders, become less effective as traders themselves.

Any nuggets of trading wisdom that are doled out in these chat rooms comes in sporadic bursts that are unpredictable and varying in quality. So the trader that hopes to receive a proper Forex education by participating in one of these chat rooms must do several things in order to succeed #1. He must be able to spend every available hour in the chat room to avoid missing valuable information as it is discussed, and #2 He must be able to efficiently and effectively collect all of these various data points into one organized structure, which clearly presents even the most precise thinkers a difficult challenge.

Another issue associated with chat rooms is that novice traders often use them as a crutch to avoid the difficult work of writing a trading plan, testing a training plan, and learning to read the market on their own. They often blindly follow the trades and advise of the moderators or other senior members of the room, who post loudly of their numerous winning trades (this assumes that they are honest, wink wink). And so the trader’s development is slowed for years as they just limp along, trying to follow trades of other people, trying to figure out who in the room is the best trader, so that they can mimic their style. This process retards the development of the trader for years and sometimes forever if the trader never figure is out the cause of their desperate gyrations.

The social aspect of the chat room paradigm is tempting, but there are a great many successful traders out there today who will tell you that their true success in the markets did not begin until they turned all the chat rooms off.

The PDF Course

The third main category of Forex education comes in the form of the downloadable course. Almost always delivered in PDF format these courses promise to show you proven strategies that let you easily take profits out of the Forex market.

The worst offenders out there are those who simply copy and paste volumes of information from all over the web that the unsuspecting buyer could have easily found on his own. Many a trader has been disappointed by this newly downloaded Forex course, when he or she realizes that the sum total of unique information in the course consists of nine or 10 pages, while the other 99 or so pages contain standard definitions of Forex trading and explanations that answer the eternal question ” what is a pip”?

Slightly more honest but equally ineffective are the outfits who tout their unbelievably reliable, proprietary setups which usually consist of a collection of bar patterns or moving average crosses that are corroborated by chart after chart that the authors handpicked from the market. They fail to tell you that in a sideways market, that these types of setups often lead to a series of damaging losses and a devastated psychological profile. As a result, the trader gives up on these newly learned methods, and continues his search for the next Holy Grail.

Conclusions

The common thread that runs through each of these educational methods, is that they’re quite expensive and leave the blossoming Forex trader with much less of the one commodity that he must value the most, trading capital. While it’s difficult to argue that a Forex trader would be better off entering the market with no education at all, it’s quite possible that there is a better paradigm out there at a fraction of the cost.

Academic knowledge of how the market moves and how technical analysis works is something that must be taught over an extended period. The concepts, in many cases are counter-intuitive, and therefore require a continuing education that allows the apprentice trader the opportunity to repetitively access the educational material, and be able to post questions and receive answers about its content.

As the technical side of trading is being developed under this educational model, the aspiring trader also needs some method of psychological support. We’ve already established that the moderated chat room model is an impediment to true trading mastery but surely there is another way for traders to interact, while still retaining their integrity of mind.

The current belief by our team of professionals, is that a Forex course consisting of dynamically illustrated and logically explained high quality videos is the best and most efficient way to train a novice or intermediate trader. This allows the student to repetitively access the information as many times as they deem necessary, and eliminates the negative issues associated with the other types of education mentioned above.

The trader that is able to learn with the assistance of professionally taught high definition videos has an edge, and if that trader is then supported with the latest in continuing education, then that trader has the best possible chance of success.

Price, of course, is another issue. If the trader is able to spend far less money to acquire a top quality Forex education, then that trader would be in the best possible position for success when first entering the market.

We at FXBattleground.com have witnessed and listened to horror stories concerning the educational choices on the market today, and to be truthful, we’ve certainly not been impressed. Our mission is to present an aspiring Forex trader with an extremely affordable training program that constitutes a Cutting Edge Paradigm in Forex Education. What we offer is truly dynamic, professional Forex instruction, tools and tactics that deliver a huge value when compared with whatever else is out there. If you are looking at becoming a trader in the FX market, we simply ask that you honestly evaluate what we have to offer

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Comparative Analysis of Education and Training in the East and the West – A Critical Review

December 25th, 2011

Since December 2005, I have been seeking a suitable solution for various differences between the upbringing of the generation in Europe and in the East. Although I spent 5 years in Germany – A major country of Europe – but the experiences of the past two year somehow opened my eyes and washed my brain from my dusty and unclear images of the European social system, which I will explain here. In fact the schooling and educational training is the key factor for the completely difference in livings to that seen in the East.. The base is the start-up or foundational education system in the schools.

Specifically speaking, the subcontinent, the heart of tradition and cultures is a mixture of various kinds of personal values and traits found in one’s character! These are somehow basic instinct of any human being in any part of the world. Such as human feelings, passions, emotions etc. these can not be refined and polished. Now apart from these basic heredity institutions there exist other values which decide difference between us and a European. The difference can be integrated in clear structure if the system of the two is quite clearly understood!

The pupil in school have been brought up in an education system with scenarios of culture, half-history, geography, science and most of the part hinges upon religious bondage and social ethics. Religious and ethical limits sanction utmost in society and in family. A person is free to think, utilize his capabilities in some aspects of life but boundary conditions exit too. It can be pro and contra for the generation there! Text syllabus of The East – Subcontinent -ranges all the basic international standards censored with some “extras” of life. What is needed there is an introduction of basic foreign languages at the school levels. For many years English has been the only foreign language taught in the schools but considering a great demand of other language in future, it would be highly preferred if they start to become thoughtfulness to fringing a good broad spectrum of world’s famous languages into the syllabi.

Generally, languages are chosen as English, Urdu; Arabic, Persian…no other major language which one critically analyse as a major failure in the schools. Optional and compulsory subjects are somehow chosen in “a ladder-way”… It means that if the elder member of the family has become a Medical doctor, the younger will also choose the same subjects regardless of his own mental aptitude and inclination, may be he or she is a good teacher or journalist. It is somehow a wrong trend of development as contracted in Germany where students are given opportunities in order to flourish their academic peaks and then they decide somehow to find the right profession. Compulsory subjects are basic sciences, mathematics, geography of the land and Islamic studies. So the concepts of refined on the principles of Islam

Now let us have a glance at the German system of schooling. Scientifically known that a general “start-up” of a child’s character shaping start from the mothers bally. The hierarchal characteristics from parents play a vital role. When he is in the school, he is given – better to say – he learns a lot about his surroundings. In Germany, what one observes is a good educational scenario which is often seen in all school which ranges from the compulsory and optional subjects, language, technological etc…Religion and ethics are treated somehow with equal importance. What fails here is, somehow, the barrier between mingled sexes, illustration of sexual relations. The training in the schools is somehow critical view to comment.

The government proclaim it to be a step to so-called control the population and many diseases. May be its delicate to reveal such remakes but look at the growing statistics of separation and family matters although they have a good general education. The sense to focus here is that their brain is shaped in such a way that what they learn besides good worldly life is only stress free life, holidays, freedom of mind, somehow a little respect towards their parents who lives independent life in separate homes. No one “disturbs” each other or up to a certain point which is to not bother them… but on the other side a good academic life is seen in youngsters and elders. The system somehow, shapes them and nourish inevitably in such a life style independent of being Muslim of Pakistan or Iran, or Buddhist of China…build then into a complete opposite person to that brought up in the East mainly in Pakistan or Arabian lands.

In European schooling system, what we observe here is the fact that, first, there is freedom of doing everything, anytime! You can just suggest someone some thing but can not order. It is seen also in the articles of German laws which give priority to human freedom! Consequently it generates first a scene of independence which up to a certain limit, admirable and desirable. Because this independence leads one to stand up on his own feet when he is left alone, it is helping to shapes his personality by his own hands. But generally, neutral observation shows that most of the cases are adverse effects. The educational materials are based on more or less no religious lessons and if yes, the interpretation has been altered such that it only fits them. Viewing this part of the world through a wide vision glass, one can image a good materialistic growth, technological apex, fast media and communication, and robotic life but sorrowfully saying, individual personalities are declining.

On one side the official syllabus and taught text books are full of the knowledge improvement like geography, science, technology, human rights but on the other side they cross the limits such as the open education in schools about Sex and methods which eventually, more or less, lead youngsters losing their virginity; no care of dresses or school uniform which symbolizes a well-shaping, discipline and “to follow” nature of a child; in deed respect to others. One can conclude this is a natural human instinct which people have modified now days into education… one does not need any special teachings for “milli-meter jobs” and stuff like that.

Result! where on the one hand one leads a somehow educationally balanced personality but somehow on the other hand, critically speaking, personal social life are crushed and going to be ruined without any notice. The life sketches as into the children of an unmarried mother living with their step father’s family. Marriage also seems to be a game of time! Because, many school of thoughts proclaim it as bondage to develop child’s personality. Luckily, there are some associations of Christian and Muslim too and other religions which show time to time programs in order to revive the matrimonial importance in the young generation. But unfortunately the laws bound the hands of such association to implement the God given doctrines. There are some courses too, to track the disoriented couples who spend vain and reward-less-period years before even thinking to buy the ring-of-marriage. Anyway all depends on the basic foundational education of the youngsters.

We blame each others on the bases of one’s so-called faith. But if one could analyse with one and only a neutral view point to single out those factors which perturb the association or a relation, one would easily come to a conclusion that true Islamic regimes, with its hidden wisdom, beat and synchronize the heart of the people to compare them with other pattern of lives. Before becoming emotional and touching the feelings, just factor out the reality in nature around you!

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