Learning Forex on a Shoestring

If  like me you’re trying to learn forex with limited means, (Which isn’t necessarily a bad thing), you can waste a ton of time trawling through various webinars and websites looking for someone who genuinely trades and gives away help, either freely or relatively cheap.

Here’s some interesting stuff that might save you time and money.

First to continue my trading education I decided to take a look at harmonic patterns. This site which doesn’t appear to get updated now, is an excellent free resource. I emailed Paul who it belongs to and he assures me that he is still trading and doing very well. http://www.trade-forex-harmonic-patterns.com/ he does recommend his mentors Chris Hall and Scott Carney, however they don’t come cheap. Another harmonic site that isn’t cheap but does have plenty of free stuff is http://www.fxlordice.com/ with his blog at http://lordicescurrencytrading.blogspot.co.uk/

If  harmonics isn’t your thing and you are looking for some quality free forex trading strategies then look  no further than http://www.authenticfx.com/ Erron Adam’s free site is updated frequently with the results of his Bladerunner Strategy trades. Another who trades successfully and doesn’t charge. This is one of the best free sites I have ever found. Like Paul on his harmonic pattern site, he does recommend some paid for mentors, like Chris Lori (His protrader site isn’t free but you can get plenty of free stuff at http://www.chrislori.com/ ) . He also mentions Michael Huddleston the Inner Circle Trader, check him out on twitter where you can keep up with his latest teachings, or the full free scout sniper course at http://fxgears.com/forum/index.php?topic=95.0  its all free. Huddlestons own site hasn’t worked since he had java coding problems, but again everything with the ICT is free, his latest offering is here http://t.co/XoSz989YHX and most other stuff is on his youtube page.

To remind myself how a genuine trader trades, I listened to the traders podcast episode with Duane Hope again for the nth time, traderspodcast.com/episode141/ watched the short you tube video https://www.youtube.com/watch?v=gY5MqXD9wNM and watched the Knoxville trade webinar at Rob Booker’s  non free site http://tfl365.com/ and Rob and Bradley Freid discussing Duane on a video again on tfl365. Excellent stuff about a real traders consistency and struggles. Duane did mention some books that I have read and a non free mentoring and training site http://expert4x.com/ . Robert Thornton appears to be one of the original founders of the site, however whether he still is I don’t know. Still worth a look.

An interesting  site for beginners is the new free site at http://mytradinghub.com/ here you join a communtity, set up an online journal and blog and learn everything for free an, excellent way to start. The catch is that they will be probably making money from introducing fees to the broker fxnet.com ACCOUNT CREATION . Initially you set up a demo account with them, so it won’t cost you anything if you only take it as far as demo. Only having had a quick look, I can’t say how far you will progress but it seems like a good idea to me if your a skint newbie.

Lastly as is becoming a habit in my posts recently, I recommend a recent post by James Clear, all about putting in the hard work Read this post on JamesClear.com

Hope someone gets some use out of this post. If anyone would like to comment, I would be very interested, positive or negative.

I’m out of here.

fxoutlier

3 responses

  1. Hey there! I understand this is somewhat off-topic however I had to ask.
    Does managing a well-established blog like yours require a large amount of work?
    I’m completely new to running a blog however I
    do write in my diary on a daily basis. I’d like to start a blog so I can easily share my personal experience and thoughts online.
    Please let me know if you have any kind of recommendations or tips for new aspiring blog owners.
    Thankyou!

    1. Not sure I’m the best person to advice you on blogging. I certainly wouldn’t call mine a well-established blog. I’ve been doing it for a year and a half and just post randomly as I find stuff interesting to me. I don’t really care what others think, it is an outlet for my thoughts and opinions on trading forex. I welcome comments but am not really interested in building up a type of forum as I don’t do forums as they’re usually full of negativity, and people who spend more time in the forum than they do on the task in hand. In fact the blog itself can drag me away to much from the task in hand, as it is now with me answering your comment.
      As for the blog itself mine is free from WordPress although it did cost me a small fee to get rid of wordpress from the domain name of my .com address. If I was starting now I wouldn’t waste the money on it. I use a free template, however you can pay to have something more suitable to yourself. For me my blog is my diary of my journey learning to trade forex and is not about blogging which is why you should seek out better blogs. May I suggest JamesClear.com. where you should subscribe to his free twice weekly letter this last one for example here Read this post on JamesClear.com

    2. Sorry my links didn’t appear for some reason to jamesclear.com , just goes to show after 18 months I still haven’t a clue what I’m doing.

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