Forex Market Education
Education is an ongoing process.
Successful traders will never stop learning; it is part and parcel of the psyche to hone one's trading instincts and develop better judgements and clearer insights in the fastest possible course of time. Those that react first usually become winners in life; those that are left to run with the herd usually get trampled when the herd decides to change about face. The trend is always your friend according to the time old wisdom; but keeping your wits about you and smelling changes in the air is what distinguishes those that lead the pack and those that blindly follow with the group mentality in momentum.
Currency trading does not entirely depend upon technical chart analysis; much of the trading decisions revolve around two other very important bodies of knowledge, being a) a grounding in International Economics and the framework of the global monetary system and b) an understanding of mathematical studies in probability.
EdX , or edX Inc. is an online service in education that offers short term online courses, some are paid and some are for free. The courses are offered by universities and institutes of distinction around the globe.
Please review here and register for a course of your choice:
Here are several recommendations on the US central bank, theory of probability in application and options pricing which are 3 very important areas of understanding for the Forex trader:
1. Understanding the Federal Reserve
Learn about the structure and purpose of the Federal Reserve and how its actions impact not just the US economy, and financial institutions, but individual investors and savers alike.
Available at edX courtesy the New York Institute of Finance.
Enroll here at edX: https://www.edx.org/course/understanding-federal-reserve-new-york-institute-finance-yca2015-1-2x
2. Introduction to Probability
An introduction to probabilistic models, including random processes and the basic elements of statistical inference.
Available at edX courtesy Massachusetts Institute of Technology, MITx courses.
Enroll here at edX: https://www.edx.org/course/introduction-probability-science-mitx-6-041x-0
3. Pricing Options with
Mathematical Models
Introduction to the Black-Scholes-Merton model and other mathematical models for pricing financial derivatives and hedging risk in financial markets.
Available at edX courtesy of Caltech.
Enroll here at edX: https://www.edx.org/course/pricing-options-mathematical-models-caltechx-bem1105x-0
Pieter Bergli - DeLoren Trust Holdings
A non-profit commitment to provide education on the properties of currency markets
Forex market commentaries and media reports for free
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission
Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer - http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers.
* European Union laws require European Union visitors to this blog to know that cookies are used by Blogger and Google, including use of Google Analytics and AdSense cookies and in reading material from this blog do consent to the use of such cookies
Available at edX courtesy Massachusetts Institute of Technology, MITx courses.
Enroll here at edX: https://www.edx.org/course/introduction-probability-science-mitx-6-041x-0
3. Pricing Options with
Introduction to the Black-Scholes-Merton model and other mathematical models for pricing financial derivatives and hedging risk in financial markets.
Available at edX courtesy of Caltech.
Enroll here at edX: https://www.edx.org/course/pricing-options-mathematical-models-caltechx-bem1105x-0
Pieter Bergli - DeLoren Trust Holdings
A non-profit commitment to provide education on the properties of currency markets
Forex market commentaries and media reports for free
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission
Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer - http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers.
* European Union laws require European Union visitors to this blog to know that cookies are used by Blogger and Google, including use of Google Analytics and AdSense cookies and in reading material from this blog do consent to the use of such cookies
