One of the best things about the Internet is that it democratized the media. In the past, you would have to go through the gatekeepers — networks, stations, publishers — in order for your content to reach the masses. Now you can make content in your own home or office and distribute it through the web and other channels. For example, we have countless podcasts on every subject under the sun. We even have forex podcasts that are often accessible for free. If you are trying to learn more about trading, then this is a good resource aside from forex books. Listening to a forex podcast will also provide unique benefits such as:
Optimize Your Free Time
Do you have some idle time during the day? For example, a lot of people have long commutes to and from work. Traffic jams often make it worse. Since you are stuck in your car anyway, why not make the most of it by listening to a podcast? Then the time won’t be wasted and you can feel good about you productivity despite the situation. The things you’ll learn from each episode can open your eyes to new things. Once you get back home, you can test the strategies presented and improve your performance.
Understand the Fluctuations
Beginners will often wonder why the value of a certain currency is moving the way that it is. Knowing the factors that influence the market will allow you to anticipate movements in the future so you can make better decisions. You can monitor the numbers such as GDP and inflation to get a good feel for future movements. The hosts can discuss various topics in detail so you can learn a lot from them. Eventually, you may notice a pattern that you can exploit when trading.
Learn from Past Experiences
Experience is the best teacher. We may read concepts in books but we don’t really get a firm grasp of it until we go through the experience. The hosts and their guests will often share stories of their own trading mistakes, as well as the valuable lessons they got from these. If you can learn from their mistakes, then you may be able to avoid committing the same things. You can also get inspiration from those who started from the bottom and made their way to the top.
Forex podcasts is an invaluable source of information that you should harness today.