To the uninitiated, trading and investing with consistency can present itself as a daunting task to say the least. While the actual principles of buying and selling in any market are essentially rather simple in nature, putting these to plan in the live market on a daily basis can be far from easy for the newer trader. I guess this is why the statistics do not lie: there are around 38 million active trading accounts in the world today, with about 95% of those account holders having no formal education in market speculation whatsoever. Of these retail traders and investors, about 90% lose and 10% make money. A daunting state of affairs when the statistics are laid out like this and thus no surprise to find that many aspiring traders and investors fall by the wayside after numerous attempts to make their speculating activities work on a consistent basis. However, here at Online Trading Academy we know that success in the markets comes from arming yourself with two very distinct weapons. Firstly we need to get the right education from those who know what they are doing in the markets and secondly, we need to have the ongoing support throughout our trading career to keep us on track when questions arise.
As I said at the start of this article, trading the FX markets, or any other financial markets for that matter, is actually a simple task but factors like emotion, doubt and impatience tend to stop many novices and even seasoned traders in their tracks from time to time, making the whole speculation process not as easy as it should be. One of the unique teaching tools we employ in the Academy, is the crown jewel of our educational content called the XLT (Extended Learning Track) Program, which is an ongoing online teaching environment. In this web-based program, we educate graduates of our classroom courses in the Live markets, showing real-time trading opportunities and scenarios on a daily basis. Our students have the chance to look through our instructor’s eyes and see what they are seeing, a process which allows… Continue Reading
