I was just wondering if we could share with ourselves what a good FX Training should embody!, this will help in flushing out Charlatans from this business!

Please let the contributions roll in!

, and then the evil of missing posts rears her ugly cancerous head here, I am getting wary of the moderators around here.

Welcome to Bedlam

, and the evil of bedlam continues, if you guys don't want us to make contributions here, then pull down the thread or do your worst by banning me instead of deleting every single contribution that is made here

A good FX Training should teach FX Basics, including all the elementary perspectives of FX Trading

a good FX training shd deal with the psychological aspect of the market 85% (this is where all the market genius reside) of the time and the other aspect can take 15%.
anyway thats just my view.

An indepth understanding of Technical Analysis should form a composite part of a good FX Training.

This should also encompass professional deployment of core indicators, and please don't bore your trainees with explanations of how to use indicators that you got from free online resources!

We all know those stale explanations and it does not make money in the market!

I'll d say it should embody the complete truth. Nothing should be left out. Most especially its pit falls. Everything should be taught from scratch. But too much emphases should not be placed on unnecessary calculations as they don't count when the real trading begins. For example if a trade is placed say "SELL" for example, the trader does not bring out a pen and paper to calculate his profit. The platform does all that. So a good fx training should embody more of strategy teachings and not how to place "BUY" and "SELL"

Knowledge of candlesticks are very important. Especially when they occur close to support or resistance levels.

No matter what a forex newbie is taught, if he does not conquer his emotions then, he keeps making the same mistake over and over again, wiping out string of accounts,

Of utmost importance is to make him understand that forex success does not come in a flash,

i always tell people forex is not about know-how, its all about moneymanagement, discipline and mastering ones emotions.

a lot of niajas know a lot about forex but it does not translate to making money, that is why most of them are selling thier knowledge via seminars.

i have a popular saying i tell newbies, 'if u believe you are discipline and a person of strong character, come and trade forex and forex will show you who you really are, it will redifine discipline for u!', lol

so any training that does not emphasize on moneymangement and discipline na fallacy

just my 2pips

@bily, you are spot on!

fx trading is serious business and must be taken as such; not get-rich-quick scheme. It takes time for a trader to be mature enough to keep stops, limit exposure, manage risks and so on. These don't come unless time has been invested.

A good FX Education must incorporate Inter Market Analysis because all markets are interconnected(commodities, futures, crude etc)!

A good FX Trading course should incorporate the dynamics of ''Price Action Trading''!