Free studying at Masterforex-V Academy for novice traders

Market Leader informed

Forex education is fairly costly nowadays. In order to learn the fundamentals of trading, the profession which allowed George Soros, Warren Buffet, Larry Williams and other famous traders to make billion fortunes, people have to pay relatively big money. For example, for the first stage of the training courses (1-2 months) under various dealing centers numerous beginners have to pay $150-800, spending both money and time.

Is there any alternative to the existing Forex training courses (Forex trading is one of the most perspective and highly-paid jobs in the world)? Yes, there is. We are talking about Masterforex-V Academy (it was recognized Europe’s best Forex training project 2 times in a row), which has recently opened a free School for novice traders of Forex and other exchange markets (stocks, futures, options).

What is the reason for such “charity”? That is the question that Market leader asked Pavel (Green), the head of the School for novice traders.

Pavel: 

It is not about charity, it is about honesty: any professional trader can explain you that any school provides the basics. You can become neither surgeon nor trader just after finishing school. Dealing centers give their students only elementary knowledge, charging them with considerable tuition fee and turning them into “zombies” so that after finish course they would instantly (!!) open real trading accounts with these DCs. The DCs know in advance that the beginners will lose their money (often taken from the family budget) while the “businesslike” DCs will earn the money even without introducing the traders’ positions to the interbank market.

Market Leader:

Are there many such “dirty” dealing centers, which an inexperienced beginner may run into?

 Pavel: Yes, there are many of them. You can visit the sub-forum of traders called “The black list of dealing centers and broking companies. Techniques of deceiving Forex traders” and read traders’ complaints about numerous DCs that play variuos “dirty tricks” on their clients: some of them do not introduce the clients’ orders to the interbank, some do not pay the gained profit to their clients (with Masterforex-V Academy students among those client), others “catch” the client’s stop-loss orders through giving their own quotes (they draw spikes on the chart to execute the stop-loss orders) etc.

Market Leader:

Are there any fair brokers?

Pavel: Of course, there are. Numerous traders around the world earn millions of dollars and more. But first of all every single beginner should study the ABC of trading and understand whether it is for him/her or not. So we believe that the fundamental knowledge (what is fundamental, technical and wave analysis etc.) should be paid for.

Market leader:

How can a novice trader sign up for your course and follow it?

Pavel:

1.       Sign up for the course within a minute at the Masterforex-V forum of professional traders

2.       Study on your own the material provided for each grade by the instructor, who is at the same time  a professional trader

·         Ask questions if something is unclear

·         If everything is clear proceed to the next grade (level)

3.       Having studied the theory you start putting your knowledge into practice through applying it to real-time trading on demo account. Every day you may get a consultation for your current trading activity.

4.       Participate in a voice conference

 

Market Leader:

Do you mean that your School is some kind of a secondary-education institution?

 

Pavel: You are right. Out school is based on the same principles. The project includes an introductory part and 12 grades, which touch upon the basics of technical, fundamental and wave analysis. Then students get acquainted with such financial instruments as currencies, shares, futures and options. Each grade is headed by a skilled trader, who can answer any questions you may come up with while studying the material, helping you to learn a certain topic and to proceed to the next grade (level).

 

Market Leader:

So, the education is free. Pavel, do you have anything else to help those who are willing to become traders to make their choice in favor of your school?

Pavel:

If after finishing our free-of-charge school a student realizes that trading Forex and other exchange markets is exactly what he/she wants to be engaged in, then it will be necessary to become a professional. Amateurs are difficult to survive in the modern world of business and market. In order to clarify the situation I’ll try to describe the algorithm of the education process at one of the grades. For example, let’s take the 3^rd Grade of the School, where the students study trend and sloping channels.

At the 1^st stage the students learn the peculiarities of drawing channels and their significance for Forex trading.

 

 

 

 

 

At the next stage anyone can study the following:

a)      Extra courses of the High School to find out what is the difference between the channels of such trading masters as Hartley, Murphy, Sperandeo, Elder, Shwager, Borishpoltz etc., as well as their points of entering and leaving the market

b)      A separate course – correcting the trading classics’ mistakes in building trend channels and the algorithm of sloping channels by Masterforex-V as the way to solve the classics’ unsolved problems

c)        FAQ, to learn the connection of the MF sloping channels with other tools of market analysis, to get the solutions to the problems unsolved and mistakes made by Hartley, Elder, Murphy and to find out why all Masterforex-V students use Sloping Channels instead of classic trend channels.

d)      Then follows the first professional practice (trading activity) of real-time application of this (and many others) tool at the preparatory department, including the help from skilled traders and answers to the questions

e)      After that any beginner may proceed to the daily practice at the major forum of the Academy called ”Current Trading Strategy and Practice”

Market Leader:

Indeed, what you offer is fundamentally different from those hundreds of offers on the net when DCs are practically forcing beginners to open real trading accounts instantly after they finish the trading course, telling the beginners that they are promising enough to make a fortune at Forex.

Pavel:

Instead of billion profits they get 100% chance to lose the money, leaving it with the broker. As a result “dirty” DCs flourish while investing the money taken from the beginners in advertisement campaigns to attract new prey. Yet, common people consider Forex and other exchange markets to be either a scam or something like in “Wall Street 2” – a place where one can easily become a millionaire in a couple of months.

In reality everything is much more complicated.

We live in great times as we have an opportunity to access a huge volume of information. So IT IS UP TO US what info to consider valuable or useless. Internet is flooded with various recourses promising us the moon and the stars in a couple of months. Everyone should answer the following question: “Why is the army of those disappointed with Forex trading constantly growing despite such a variety of training courses under various DCs?” Moreover, except losing money the failed novice-traders lose self-confidence, which is much more horrible.

The truth is that nobody in the world except you doesn’t want you to become rich and successful. Lofty aims bring in difficult tasks, which can be fulfilled only through continuous and hard work. So be wise while choosing your way and success and profit will attend you!

 

 

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