Before you begin trading currencies, it is extremely important that you have some sort of training under your belt. Where you are getting that training doesn’t matter as long as it teaches you are taught in an effective and disciplined manner. You can teach yourself or take an expensive class. The benefit of teaching yourself is that it is free—you don’t have to pay someone who may or may not be a good trader to teach you. You will be able to more closely identify what does and does not work for you, thus making a tailor suited approach for yourself. This will require some time, but it bypasses the fact that you must go through someone else’s strategy and make changes as you become a better trader.
The other option is to take a class or use Tom’s EA. While this might be a bit more expensive, in most cases you will be taught a winning strategy. But remember, there are many webinars and seminars designed to teach you the basics of trading currency; picking the right one can be tough. If you stick to reputable trainers and programs, you will likely succeed. But, as discussed above, jus any old strategy that you are taught might not be the best one for you. Customizing the training you receive is extremely important if you want to be comfortable when trading.
Both of these methods have pluses and minuses, but it is ultimately up to you which one you wish to use. You can even combine the two if you wish for greater results.
