FX Power - Trading Course Review

FX Power is a trading course developed by the folks at forex broker FXCMs education division. In case you weren't already aware, FXCM is one of the largest forex brokers out there, with more than fifty thousand accounts, and offices in major cities around the globe. With a background like that, we'd expect the trading course to be something a bit special. We took a look, and discovered that it certainly doesn't disappoint.

FX Power is different. Very different. There is no shortage of training resources for anyone wanting to learn to trade the forex markets, but (with the notable exception of the Peter Bain course), this material is invariably wrapped up in an ebook or a regular publication. Not that there is anything wrong with ebooks, but they are very one-way. FX Power is different because it's a genuine training course taught by proper certified instructors - and that means you can ask questions! A simple difference, but one that has a huge effect on the end result.

So how does it work? FX Power is split into twentry two individual lessons - that's one per week-day for a month, with each lesson taking around an hour (plus time for questions). Each day, the student logs into the course site to commence the lesson. Each of these lessons is held in a sort of virtual-classroom (which is based on the structure of a forum or bulletin board, and so is very easy and intuitive to use), with the instructor on hand to answer questions as you go along. You can ask questions either publically - forum-style - or if you are the shy type, privately directly to the instructor.

Each lesson ends with either an assignment, or a quiz, which really helps keep track of your progress. Assignments are individually reviewed by the instructors, adding to the personal feel of the whole course.

It's not all theory of course, there is ample opportunity to paper-trade what you have learnt. This again provides real feedback on how you are progressing, and makes it easy to spot weak areas where it's necessary to go back and study some more.

The course covers absolutely everything you need to know to start trading forex. Anyone with some trading experience already may want to skip the first couple of lessons which provide the real basics. After that, FX Power covers technical and fundamental analysis, and as we would hope from a quality course, also discusses the essential topics of money management, risk, and psychology.

So is it all worth it? FX Power is not cheap - you could buy several eBooks for the same amount of money. But with the interactivity and with the instructors on hand to provide personal assistance, it provides much more than an ebook ever can. If you are serious about trading forex to the best of your ability, then lesser courses are probably a false economy. Poor advice can cost you more in one bad trade than the price of FX Power.

The forex angels say: FXCM have used their massive experience of the forex markets to great effect and produced a training course that really does stand apart from the crowd. If you take your forex trading seriously, then you need a serious course, and FX Power is certainly that.

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