Actually regarding whether the Forex course cost $100 or $1000
range, there is still a chance that we will loss money.The reason
is not because their manual "trading law", forecasting Oscillator
like Stochastic, MACD, trend pattern study etc is no good but
because it is an open secret that it is our broker that might have
played or trade against us.if you lose, they pocket your
money; if you win, you pocket their money. This is why broker will
do all they can to give you the worse conditions such that you dont
make money.Why? It is broker's interest to pass as little on to the
global market as possible. It costs them more to do this and
is far more profitable to take your losses.
One example would be the stop loss function, everyone would
agreed that without this important function, it would be like a car
without brake and you can will lose all your investment.However
because your broker has access to all of their clients orders,
including stop losses, they can have a clear reference and picture
on how much they need in order to "gun" you down.
Secondly example is just as same as above, just like they can
access to your order, they can also monitored the volume of the
forex market, therefore they can judge the number of buyer and
seller and make accurate decision based on that, so don't be
surprised when you find that a support pattern is formed (we don't
know if the volume of buyer are little or more)is formed, a few
second later, to your alarm, it become an resistance or
breakdown.
You want to know more, check this link : http://daytrading.about.com/od/currencies/a/RetailForexBrok.htm
, anyway if your still want to enrolled in these forex course, be
sure to bring this topic up and if they don't have an sureproof
solution to solve this problem, forget the training and save your
money.(you know that you are already in an disadvantage based on
above point)In fact if they are really effective, the only way to
tell is that most broker probably would not engaged any order or
service with these "guru".
