A Forex junior trader who would be a professional trader in the future would probably pass through a few stages, starting from the first acquaintance on the Forex environment, by passing through scattered information about Forex on the internet, reading some Forex Books for a while then taking decision to start trading.
If you have reached this stage, you have just started your Forex trip, and any Forex expert trader would then strongly advise you not to trade with your real money, this is an advanced stage, you can test your trading skills after adequate learning about Forex on a Demo account, while this doesn’t really reflects what would exactly happen if you started trading on a real money account, but it could give you a general idea and recognition of the Forex market environment and behavior and how you would react to it.
Others may would doubted know the real Forex and think to try some Forex mentors to get some advanced information and tactics about Forex Trading, these Forex mentors are many but not all of them are useful, the provide various kinds of services depending on the honesty and level of experience of each of them, services provided by them include:
- Forex signals: These are periodic Forex Market reflective alerts, sent to the service subscriber in time to recommend buying or selling a certain pair of currency, this is so useful for those who don’t care about knowledge or taking decisions and just willing to start a profitable career, but this is a kind of dependency with its known disadvantages.A Stop Loss and Take profit values are so important in a Forex Signal, if not, the Forex signal would be useless for you, Some providers don’t include the Stop Loss or Take profit in their signals arguing that their signals are frequently updated! Omni Forex Signals is one of them.
- Trade copying: This enables you to have the service provider live own trades into your account Vladimir’s Forex Signals provides this feature in an automated form.
- Live Trading community: The service providers also can offer a private room for the subscribers where they share their trading strategies, market analysis and trades with them Vladimir’s Forex Signals has a premium Live Trading Room too.
- Forex Webinars: These Forex webinars are very important tool that makes you so close to the way a webinar admin thinks and takes decisions trading live while you can ask him any question in the chat box, Investor Inspiration, Daily Dollar Trading Prediction and Vladimir’s Forex Signals have their own expert traders Forex webinars allover the day.
- Downloadable Educational Tools: Some Forex Mentors allow their members to access a prepared collection of educational videos and Forex books online and download them to enrich their knowledge, Forex Mentor PRO has a huge library of such educational media.
- Downloadable Trading Tools and Metatrader addons: Some Forex Mentors like Forex Mentor PRO has its own coded trading tools that the give access to them for their subscribers, these tool could be very useful.
- Programing Service: This is a bonus feature that not all signals provides have, if provided, they can convert your own strategies or trading ideas for you into an automated tool to be applied to Mt4 platform and runs your trades automatically, Vladimir’s Forex Signals provides that feature.
- Shared Real Accounts: This is a bonus feature too, it’s simply a Forex account traded by a group of experienced traders with its revenue divided on all the service provider Vladimir’s Forex Signals have a Shared Members’ Real Account too.
Every experienced trader owns a special skill that he tries to show to others and prove that he is the most skillful, so we will find something new every day in the Forex World!
This is not the END!
By Adam Weil