There are three models of education that dominate the Forex Market today. They all claim to have the magic formula, exclusive knowledge about the market, or some hyped up set of proprietary indicators. Their promise to the ever re-generating gaggle of hopeful FX traders is the easiest road possible to the promised land of Forex Enlightenment.Understanding the realities of what’s out there on the market as far as education is an important thing for someone who is out there trying to become a Forex trader. This article addresses some of the more common paradigms of the current Forex Education Market.The SeminarThis is, perhaps, the most common form taken in the FX Education Market, because it usually leverages the notoriety or charisma of a supposed master trader to convince their potential devotees to plunk down anywhere from $3,000 to $8,000 for the privilege of spending a short weekend “learning how to trade”.Starting at nine in the morning, usually a 9:00 AM, the host of the seminar will begin. After a lunch and several breaks you might get a total of 6 hours per day a Forex education.This type of education is marginal at best because you are only exposed to the information for a short and inefficient weekend – after that you’re on your own. If you’re lucky, you were able to take notes and make scattered “next level” observations that might carry you through until you’re able to retake the course – if they allow that!You’re only one of maybe 100 people in the room who are all vying for the attention of the supposed master trader or trading celebrity who is running room. So, you have to wait in line in the chat to get your questions answered, and what’s worse, you have to wait behind the questions of the slowest people in the room who, no matter how many times the material is explained still have questions that are very basic, and range from repetitive to astoundingly pedestrian, As a result, the presenter must spend enormous amounts of time trying to remedially educate the slower members of the room while you wait, minute after minute watching your very expensive Forex education be wasted.So the bottom line is that it’s a very expensive way to obtain what is usually only a rudimentary Forex education, simply because there’s not enough time to train the group in the basics of trading, much less the advanced topics that are necessary in order to profit in the Forex market.The Chat RoomThe other type of education that is very popular among the online Forex education web sites is the ubiquitous chat room. This is where a group of moderators spend the morning or just a part of the morning attempting to disseminate educational tidbits to a large group of hundreds of people. If your lucky enough not to be completely annoyed by the voices that are coming through your computer speakers, you may be able to collect enough information over the course of the next few months to construct some semblance of a proper education. There is never an organized lesson or consistent pre-scheduled teaching, and the moderators, because they are distracted from trading by the continuous questions from novice traders, become less effective as traders themselves.Any nuggets of trading wisdom that are doled out in these chat rooms comes in sporadic bursts that are unpredictable and varying in quality. So the trader that hopes to receive a proper Forex education by participating in one of these chat rooms must do several things in order to succeed #1. He must be able to spend every available hour in the chat room to avoid missing valuable information as it is discussed, and #2 He must be able to efficiently and effectively collect all of these various data points into one organized structure, which clearly presents even the most precise thinkers a difficult challenge.Another issue associated with chat rooms is that novice traders often use them as a crutch to avoid the difficult work of writing a trading plan, testing a training plan, and learning to read the market on their own. They often blindly follow the trades and advise of the moderators or other senior members of the room, who post loudly of their numerous winning trades (this assumes that they are honest, wink wink). And so the trader’s development is slowed for years as they just limp along, trying to follow trades of other people, trying to figure out who in the room is the best trader, so that they can mimic their style. This process retards the development of the trader for years and sometimes forever if the trader never figure is out the cause of their desperate gyrations.The social aspect of the chat room paradigm is tempting, but there are a great many successful traders out there today who will tell you that their true success in the markets did not begin until they turned all the chat rooms off.The PDF CourseThe third main category of Forex education comes in the form of the downloadable course. Almost always delivered in PDF format these courses promise to show you proven strategies that let you easily take profits out of the Forex market.The worst offenders out there are those who simply copy and paste volumes of information from all over the web that the unsuspecting buyer could have easily found on his own. Many a trader has been disappointed by this newly downloaded Forex course, when he or she realizes that the sum total of unique information in the course consists of nine or 10 pages, while the other 99 or so pages contain standard definitions of Forex trading and explanations that answer the eternal question ” what is a pip”?Slightly more honest but equally ineffective are the outfits who tout their unbelievably reliable, proprietary setups which usually consist of a collection of bar patterns or moving average crosses that are corroborated by chart after chart that the authors handpicked from the market. They fail to tell you that in a sideways market, that these types of setups often lead to a series of damaging losses and a devastated psychological profile. As a result, the trader gives up on these newly learned methods, and continues his search for the next Holy Grail.ConclusionsThe common thread that runs through each of these educational methods, is that they’re quite expensive and leave the blossoming Forex trader with much less of the one commodity that he must value the most, trading capital. While it’s difficult to argue that a Forex trader would be better off entering the market with no education at all, it’s quite possible that there is a better paradigm out there at a fraction of the cost.Academic knowledge of how the market moves and how technical analysis works is something that must be taught over an extended period. The concepts, in many cases are counter-intuitive, and therefore require a continuing education that allows the apprentice trader the opportunity to repetitively access the educational material, and be able to post questions and receive answers about its content.As the technical side of trading is being developed under this educational model, the aspiring trader also needs some method of psychological support. We’ve already established that the moderated chat room model is an impediment to true trading mastery but surely there is another way for traders to interact, while still retaining their integrity of mind.The current belief by our team of professionals, is that a Forex course consisting of dynamically illustrated and logically explained high quality videos is the best and most efficient way to train a novice or intermediate trader. This allows the student to repetitively access the information as many times as they deem necessary, and eliminates the negative issues associated with the other types of education mentioned above.The trader that is able to learn with the assistance of professionally taught high definition videos has an edge, and if that trader is then supported with the latest in continuing education, then that trader has the best possible chance of success.Price, of course, is another issue. If the trader is able to spend far less money to acquire a top quality Forex education, then that trader would be in the best possible position for success when first entering the market.
Getting an education is hard work. Some of that work comes in the form of just making a decision to get one. Graduating from high school can be a daunting experience when you are in your late teens. You are just becoming an adult and have hardly begun to learn how to make important life decisions of your own. Asking you parents or mentors what you should do just confuses you more. Thinking that getting an education is always a good idea, you might decide to go ahead and get one. Then you are faced with a quandary of career choices and wonder which one you should choose. It is important that you choose one and pursue it with all of your heart. Remember what they say about first impressions? They are usually right. If you follow your heart’s motivation, you will find that the education that you are pursuing is the right choice for you. Here are some insights on making some of those decisions and the benefits of getting an education from an online distance education program.The major motivating factors behind getting an education are money and reputation, what one is thought to be by others. Taking the opportunity to increase the potential of increased income is always a worthy venture. Statistically, getting an education does that for you. The average wage earned in 2005 by a college graduate was $51,206. The average wage earned by a high school graduate was $27,915. The average wage earned by those with no high-school diploma earned was $18,734. Even in an unhealthy economy, $51,206 is a lot more than $27,915 or $18,734. Which one would you rather have?Reputation comes with being an expert in your field. For the most part, I think, the expertise that we come out of high school will be a reputation of another sort. I remember priorities in high school being relationships, foot ball, dances, and other assorted illegal substances. But there are those who realize the importance of taking a career aim while in high school that will give them a great head start in life. They hold off on the fun stuff like going to work right away and getting married. They put a priority on their education and delay the gratification that some of us pursued so vigorously in high school.You didn’t see much of this group. They stayed in the shadows of mathematics and science. They always had their noses in their books. They actually held intelligent conversations with their teachers. I don’t know how many times I heard from another student that a teacher was boring. When these students spoke with each other, they were always talking about their studies. I found them very boring and, well boring just like their teachers!Something happens to an adolescent while in high school. I here it happens earlier with female students than with males. Sometimes we grow up. Realizing that the life we have in the homes of our parents will not last forever, we make the decisions that will last a lifetime. Who do we want to be? What do we want to do? We decide to continue our education, not because high school was so much fun, but we know that we are not yet ready to strike out on our own. If we did now, we would never reach the goals of affluence desired.Affluance, as a result of education, can be attained at any stage of life. We are taught that earlier is better. The perfect student does perfectly well in high school, does not let the events of life at that age get in the way of a higher cause, chooses a very ambitious college or university program, never misses a class and graduates with honors every time. They also have a lot of interviews lined up with very prestigious companies on the day they graduate from college. They wait at least a year in their first position before even considering taking on a relationship, and when they do, it is with someone like them. They make enough money to be able to afford day-care. And their kids? They grow up to be just like mom and dad.OK, this does not sound realistic, does it? Some of us mess it up real good and wish for a second chance. While working, and raising a family, we want to upgrade our education so we can get that $51,206 or more. If you are not lucky enough to be close to an educational institution, the internet provides some of the best opportunities to upgrade your educational level through something called an online distance education or an online education program.An online distance education program is usually self paced so it is easy to fit into a tight schedule. Distance learning is pretty much self explanatory. It means learning from a distance. You can get your education from a university in Arizona even if you do not live in the state of Arizona on the internet today. This kind of education comes with all of the benefits of traditional on-campus education except the requirement to live on campus, socialize on campus, and eat at the campus dining rooms. It even comes with financial aid if you need it. Most of us that desire to upgrade our education level, especially later in life, really do not want the kind of activity level offered by on-campus life anyhow. An online distance education program is a real money saver where you can focus on your studies and get that elusive bump to your annual income that you have always deserved, even while raising a family.
On the need for an individualistic educational psychology emphasizing on the central role of the learnerEducation and psychology are related in more than just one way and the psychology of education could be related to educational principles in psychology or how education as a discipline is taught within psychology as a subject and how these two disciplines merge. This is primarily the focus of educational psychology which studies how human learning occurs, what ways of teaching are most effective, what different methods should be used to teach gifted or disabled children and how principles of psychology could help in the study of schools as social systems.Psychological education would be completely focused on learning methods as structured or imparted according to psychological and individual needs of the students. Education would differ according to culture, values, attitudes, social systems, mindset and all these factors are important in the study of education in psychology.Educational psychology is the application of psychological objectives within educational systems and psychological education as I distinguish here is application of educational objectives in psychological processes. The first focus of using psychology in education is more general and the second approach of using education in psychology is more individualistic. However as far as present study of educational approach to psychology is concerned, there is no difference between individualistic educational psychology and general educational psychology and all interrelationships between psychology and education are considered within the broad discipline of educational psychology.However a distinction between the more general educational psychology and more specific psychological or individualistic education could help in understanding the nuances of individualistic study and give a subjective dimension to the study of psychology in education. This could also help in making learning systems more student based and according to the needs of culture, society, individual or personal factors. This sort of study with a focus on personal/psychological aspects of learning is not just about social objectives and objectives within educational systems but also about personal goals and objectives and the psychological processes involved in learning. There has to be a clearer demarcation between education in psychology as a general study and individualistic education in psychology as a more specific and subjective discipline.As of now educational psychology encompasses a wide range of issues and topics including the use of technology and its relation to psychology, learning techniques and instructional design. It also considers the social, cognitive, behavioural dimensions of learning but it would be necessary to make education more personal and individualistic through a special branch with a psychological focus on education so that individual needs are considered. There could be two ways in which this branch of knowledge could evolve – either by strengthening psychological education or individualistic approach to the psychology of education or by having two distinct branches of general educational psychology and individualistic educational psychology.As in client centered approach to psychology, a psychology of education should also include further research that would highlight the need for individualistic dimensions in learning. Learning psychology is the use of psychological theories for example that of Jean Piaget and Kohler in the study of learning techniques, especially among children. I have already discussed Piaget but briefly Piaget’s theory higlights different stages of learning in children and Kohler suggested that learning occurs by sudden comprehension or understanding, however I will not go further into learning theories here. Whereas the focus of educational psychology is on learning techniques per se and the role of the learner is considered only secondary, a branch of individualistic psychology in education could help in emphasizing the role of the learner considering not just their disabilities or giftedness but also their personality patterns. This focus on personality patterns brings out the central role of understanding psychology in educational systems.Educational psychology studies both the personal approaches to education as in giftedness, disability, learning theories applied to children and adults, and the more general objective approaches to learning as the role of schools as social or cultural systems.The psychology of education could include the following branches:General Educational Psychology 1. Learning Systems – As studied from individualistic learning perspectives and generalized learning perspectives, a discussion of the different theories, practices and systems or techniques of learning is an integral part of educational psychology and especially central to general educational psychology.2. Social Systems – The use of education in social, cultural and economic systems could be considered within the psychological context and this relates to the role of education in society.Individualistic Educational Psychology 1. Learning Systems – Learning techniques and systems or methods will have to be in accordance with the needs of the children or adult participants and according to skills of the teachers. Needs vary according to personal traits and abilities and individual needs will have to be considered during the learning process.2. Social Systems – Individual learning psychology will have to be studied according to specific social and cultural backgrounds of the learners and thus a more subjective study of learning approaches and centralized role of the individual in the learning process considering their social, cultural or intellectual background will have to be considered.