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You have made the decision to get some expert advice on Forex Trading and have purchased a Forex Trading Course or book of Forex Trading Strategies to learn.

Now what?

How many times in the past have you bought a course or set of instructional CDs or tapes on trading (or anything else for that matter) and gotten part way through them and stopped part way through and they sat on your shelf collecting dust? Too many I bet, if you are like most successful people and you were bright in school so you made it through, but you were never taught how to study something as complex and challenging as Forex Trading on your own.

Well I will let you in on a little secret…it’s the words.

Here is an example let’s say your Forex Trading Course tells you: “It is vital for you to apply the Manheim Principle to your trading, without it you will fail utterly!”

Well that is great but what if the Manheim Principle (which I just made up by the way) was never defined in the course because they assumed “everybody knew” what it was? Well you are out of luck unless you too find out what it is.

But it’s worse than that, as you read on past this “Manheim Principle” sentence and try to study the rest of the course, your mind has still got some attention stuck on what the heck this is and you are no longer fully there with the course materials you are studying in the present. And let’s say there is another word or phrase you don’t understand a few sentences later, well more of your free attention will stick on that (looping round and round trying to figure that out too) and so on and so on until you become “disinterested”, and it seems “too hard to figure out”, and you “realize” you wasted your money on this course and up it goes on the shelf to collect some dust.

But it’s worse than that, it has also been discovered that if you read something and don’t completely understand the word in the exact context and with the exact meaning that is needed for that subject and that sentence from that author, the same thing happens mentally for you and again you are likely to go off track and be dead ended on your study.

What to do?

Just watch for words you know don’t know (that’s pretty easy) but also watch for signs of words you didn’t know you didn’t know; like you get to the end of the sentence or the paragraph or the page (or worse yet the whole book or course) and don’t recall or understand what the heck the author was saying.

That is the time to back up and find some words you don’t understand or that don’t seem to quite fit in the sentence and crack open the dictionary (an economics, Trading Terminology or Forex terms specialized dictionary would be vital for the study of Forex Currency Trading courses in addition to a good English dictionary).

And what can happen if you don’t do this, well it could get so bad that you feel like throwing the book in the trash part way through because it is so complex and hard to understand! (True some books are complex and hard to understand due to authors who either don’t understand their subjects or don’t understand how to teach them, and deserve to be thrown in the trash, but if you have not gone by words you didn’t understand you won’t feel upset, you will just pity the author’s inability to understand or relay his subject and move on to a better book.)

And it can get so bad that you think you understand something you studied in your Forex Trading Course and you try to apply it in the live market and it costs you big time!

So keep an eye out for the words you don’t understand in what you are reading.

How do I study a Forex Trading Course? I don’t pass by misunderstood words!!!

It can help you finish your Forex Trading Course successfully and really know what you are doing when you go up against the live FX market.

All the best,

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1 Comment »

Comment by Russell
2007-11-09 01:17:20

Great advice Phil & simply put. A great way to disseminate study tech!

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