The key to succeeding with Forex, just like in anything else in life, is to get the proper training. Common wisdom is that who you know is more important then what you know, but in some cases that’s just not true. Does it matter who you know when you’re trying to drive your car, or to paint a picture? No, of course not. Trading is a skill like anything else. To get good at it, all you need is the time, the materials… and of course the proper training.
So the obvious question is, where to get this training. Forex training is available from all sorts of sources, ranging from slim books of tips and tricks, to huge week-long seminars filled with information and practical advice. With so much on offer, it’s easy to get lost and not know where to start. That’s where I employ a technique I call “information overload”, which has been incredibly helpful to me.
Information Overload is a technique of total immersion. You completely submerse yourself in the information you are studying, so that when the time comes to put it to use, you have no hesitation. If you just want quick and easy success, you can just buy some Forex software - and that will work, but you will do much better if you fully and completely understand what you are doing, rather then letting a program do it for you.
So, the first step in information overloading is to go down to your local library. Find the books on Forex trading (I’m sure there are some!) and stand in front of them. Close your eyes. Pull a book off the shelf. I have no idea what that book is, but it’s about Forex, and that’s what you’re interested in - so go check it out.
Great! You’ve picked out a book, and now you just have to read it. This trick here, is to read it fast - keep it with you all the time, and every spare moment (on your break, in a line, during commercials on tv…) you read it. Even just a little bit, even just a paragraph or two, it all counts. And, most importantly, read it just before you fall asleep - several pages, at least. This is essential.
This is because whatever you are thinking of last thing at night, is what your mind remembers most strongly. So when you’re trying to learn about something, falling asleep thinking about it helps hugely. The purpose of this is not to study the book. Don’t worry if you don’t understand it, or if you don’t get something. Just shrug your shoulders and keep going. The important thing is to get as much information into your mind as possible.
After you’ve done that book, go and get another one. Keep going until you’ve got enough info stored away, and you’re ready for the next stage. It will be obvious when you’re ready - you’ll start thinking about Forex randomly, you’re brain producing facts and figures, information you weren’t consciously aware of. You might even start dreaming about Forex - don’t worry, that’s a good sign!
The next part of the information overload process is active learning. Go back to your library, and take another look at the books they have there. You’ll probably be surprised at how much you can already understand of them, and that’s without doing any real study - just the total immersion. Allow your subconscious instinct to guide your choice, and pick out a book for you to learn from.
By now you’re full of information relating to Forex, and all you have to do is bring it to life. So go through the book carefully, and whenever you see something you don’t understand, investigate it. You’ll find that all the data stored in your subconscious will fall into place, allowing you to breeze through with almost no difficulty.
Well, now you’ve got everything you need, and if you really put your mind to it, I wouldn’t be surprised to see you become an skilled Forex trader with only a few weeks of study. I can also suggest, if you can spare the funds, that you find yourself a Forex training program. Something that gives you some hand-on practice, so you can experiment as you learn. In the end of course, you have everything you need inside your own head.
Good luck!
