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العربية
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3 January

By Ahmed Mamdouh

Category: Learn Forex

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The Benefits of Forex Webinars for Both Traders and Webinar Hosts

According to numerous webinar hosts, most trading strategies are conceptualized in relation to an entry position. Some of them prefer to discuss the approach of entering positions based on potential profit. Unfortunately, a few market participants ignore recommended text materials since they are rather uninterested in the subject; they are on the lookout for webinars and other engaging tools.

For a trader who’s unsure of the effectiveness of a possible trading strategy, turning to webinars that are hosted by expert forex advisors is a great way. While it assists a host in marketing his business, it hands a trader the chance to advance his trading career.

Elaborate Explanations of Trading Methodologies

One of the main advantages of trading strategy tutorials in the form of videos is their opportunity of delivering discussions with brevity. Especially if the audience prefers a more active trading lesson, signing up for a webinar host’s session is a plus; even an amateur trader can become skilled eventually by adhering to the tips from an experienced forex advisor. Granted that a trader remains consistent with his approach of learning, he can acquire essential trading lessons from webinars.

In this regard, the ability to give video tutorials helps a forex webinar host build his business; it allows him to strengthen his business’ foundation since webinars are known to attract more people compared to text publications.

Advantages of webinars for Traders:

•           Enable reality-based tips and corrections

•           Prevent misconceptions

•           Provide interactive opportunities

 

Advantages of featuring webinars for webinar hosts:

•           Earn respect in the forex industry

•           Establish rapport with his audience

•           Grow customer network


Proper Entry & Exit with Regard to Current Market Condition

Since virtually flawless trading strategies are integral to profitability, the challenge becomes doubled for a trader since market conditions can be unforeseeable. In one instance, market elements seem favorable; the next forex trip, the situations can be completely reversed with dangerous price levels. In this regard, a webinar host’s responsibility is to be of assistance in helping a trader formulate a trading plan according to current market action. An aspiring market participant can learn better with spoken discussions; in comparison to the adoption of methods from text-based tutorials, live videos can be interpreted better.

As many webinar hosts can tell, custom entry and exit strategies are among those that may be planned incorrectly; according to them, it needs to be reiterated with the varying market conditions, there is a chance that it can lead to a losing trade. If they discuss this well through video tutorials, a trustworthy reputation for their business can be established.

Image and Content credit: FXCC ECN Broker

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.