Forex Training Works

Well, here we are, at the end of the four week forex trading course with Sid.

I have taken a good few days and several sittings to write this for you as I have learnt so much and didn’t want to miss a thing in explaining what I have learnt – and how I see things moving forward.  This is an abridged version of my great experience to date!

Actually doing a forex course is the simple part, learning, listening and watching has been a big part of the last month, although it doesn’t seem to have taken up too much more of my time. I have made the time to learn everything throughout the course, savoured going off by myself on my FX Game platform to test some of things we have been taught about forex.  I know I’ve impressed my husband with what I have learnt – and totally bemused the children – but when I look back, I’ve actually only spent around an hour and a half a day, at the most, on this.

As I have said time and time again whilst doing the course, I have always found learning new things difficult and I do pride myself on my drive and commitment to “doing what I say” in life.  So what has been the most fundamental aspect of doing this particular online forex trading course?  Well, for me it has been the development of new life-skills, patience being at the very heart of this.  Throughout my life, I have been described as a “doer,” “motivated,” and “the one who always seems to be at her desk working away”.   I used to pride myself for being the first in the office in the mornings and the last out.  But this is different.

Learning to trade forex has been quite a revelation – it doesn’t pay to be the one who tries hardest, keeps going with the, “just one more trade” mentality which can be so destructive. That “just one more trade” syndrome, I now understand as being a most dangerous state of mind and one that I hope never to feel – and there’s no way I ever will with the things that I have learnt, thanks to Sid?

Going beyond common sense and personal control, is simply gambling. We have been taught that safety comes first and that professional trading is never a gamble. I know that the things I have learnt on this course will keep our capital safe but still allow me to make it work for me wonderfully.

I have sat back on the FX Game platform with my three little windows open and observed, made notes and watched the videos time and time again as recommended throughout the past four weeks.  In fact, I have filled just over half a standard A4 pad up with my notes – however, do not be put off by this fact if you are reading this with a view to taking this forex course.  I find learning easier by practising and doing a lot of note taking!

My forex journey to date I would describe as being similar to a bike ride in the countryside on a bike that I am unfamiliar with.  There is a lot to take in and see around me – but I must not lose sight of what I want to achieve out of this – and that is to become a professional compounder rather than a ‘trader’.

This might seem a subtle difference, but a ‘trader’ spends his or her life trading – that is, concentrating on the ‘trading’ as a kind of profession – the ‘trading’ means everything to them. That’s NOT the nature of this exercise. As Sid says, we are not interested in being a ‘Trader’ with a capital ‘T’ – we are concentrated in making our money work for us. After all, he asked at one point; ‘Did you join this course to become a ‘Trader’ or did you come to simply make money so that you could have a better life?’

I thought long and hard about that question. It seemed silly at first, after all, what IS the difference? And then it hit me – of course I didn’t come to change my life and become a ‘trader’, I came because I wanted to make money work for us and give us things in our life that would ADD to what we already have. What a different way of looking at this?

Do you know, having looked through my notebook several times in the drafting of this particular post, I have outlined, underlined and put several stars by this essential point.  We ARE learning to be professional compounders of money, in that we are learning to MAKE our money work for us, learning how to make-more-money thereafter, as a result of this. This really only hit home when writing this, going over the course and joining in with the BBC (Before Breakfast Club).

The fact that we are asked to become accountable for our actions in the BBC, is also a point that I am beginning to truly acknowledge.  We have come this far, have been able to learn, in our own time essentially, whilst feeling cared for as I have explained before.

Now it is time for us to come together as a group of professional compounder apprentices and share our daily experiences and learn from what others are doing too.  I know that we are still cared for, after all Sid and Kris are making the time to review our screenshots every day –  and still give one-to-one assistance where needed – wow, how do they have time?  And that’s yet another point, how many people MAKE that sort of time to help us out these days?

During this next stage of what I will now describe as my “apprenticeship” I will be giving more regular updates which I hope will be of assistance to everyone.  It has become really obvious to me that Sid and Kris are truly exceptional – not only have they been able to make a good living out of being great at forex, but they have a rare ability to be able to create communities where fellow forex professionals (that is what we are hoping to become) continue to chat, get to know each other and even support one another.

I have had the opportunity to read a lot of information online about other forex training courses, from online courses to those who claim that a simple software package can make you millions overnight; however, all of these sites are selling and not teaching or empowering.  This course epitomises empowerment, gently coaxes us to make time to keep up with this course – and then helps us to graduate from our forex education to become apprentices.

This is not the end of my forex journey but the beginning of something immense I feel – possibly describing it as moving in to a new village and getting to know people was an understatement, this is fast becoming a passion and one that I intend to learn at the pace and with the good grace suggested by Sid and Kris.

This post is the most important piece of content that I have shared with you to date – it encompasses some of the many, many new things that I have learnt as well as opening up a new chapter.

As my apprenticeship develops I hope you stay with me on my journey; I know that there are probably many people reading this with a big smile on their faces as they have sat exactly where I am today – professional compounders – here I come!

Finally – was it worth it? Am I pleased I took the leap? Has it been Inspiring?

Yes, Yes and most definitely, YES

Sam

I’m late with this report, it’s Thursday evening as I write. We had a few dramas in the week with the kids which kept me back a bit – thank goodness Sid and Kris are flexible with the course.

Anyway, this week so far has been mostly really great videos of trading and one about some simple, but as I understand it, very necessary rules – four of them. These rules simply mean that we’ll never be gambling with our capital, and this is very important for us as a family.

What reassures me constantly is that there is a real structure to the whole approach to making money work for you. It’s really about running trading to rules mixed with common-sense. The idea is, safety  – first and last.

I keep saying that I’m amazed at what I know. This course has been brilliantly put together, and I can’t really believe I’m in the last week, I have enjoyed every moment of it, and had some good laughs at some of the comic stuff that’s woven into the lessons. This is such a stress-free experience, not at all what I was expecting, and even anxious about.

I’m looking forward to joining the BBC and trading in demo mode next week. Just a few lessons to go now and I’ll be listening to the last week-end audio.

I think I’m going to miss this when it’s over

Sam

Do you know – the more I do this, the more I WANT to do it. I apologise if this post is a little long – but you’ll see I have lots to say this week.

I’m now at the end of the second week. The last three tutorials all came on Thursday and were all about money management strategies and the means to make an individual business plan for the future, based on worst case trading performance.

The truth is that it blew my mind. I couldn’t sleep on Friday night – I haven’t really been concentrating on the money side of things up till now, but when you start to understand what is possible here, with very conservative figures, it really is mind-blowing.

The whole idea of these few days, we are told, is to make us understand how little we need to trade on a daily basis to make a great deal of money. This is the opposite of the norm where too many people reach for the moon, get greedy, start gambling and then lose their money.

It’s all about understanding that this isn’t like the mindset we are used to – we have been conditioned to think, try harder and harder to get more and more. It’s explained that forex is exactly the reverse, and that a little, done safely and consistently with patience and discipline pays dividends, and that stressless trading is really what we must aim for.

The money management lessons this week alone, have been worth their weight in gold. Not only do I feel that I am learning a huge amount about forex, but I am learning things that apply in life generally. (I wish I knew more about this before I met my ex-husband I can tell you)!  It just seems so simple – and so obvious!  But as with all these things, unless someone who has the experience tells you, how would we know about it?

The whole discussion about risk and how we manage this effectively, can be carried out in our day to day lives, and the timing of this has been perfect for us with our imminent house move.

Before I forget, the first part of this week saw us finish completely with all the trading platform tuition (all of which, would you believe, I now understand perfectly) and there are loads of pictures to refer back to if needed. We also had our first forex trading video lesson on Wednesday – so easy to pick things up from video and I’m becoming pretty excited about this course on several different levels now.

It’s the weekend and I have the audio to listen to at some point.  We are painting the outside or our house today, running around after children (and have been since 8am this morning) and viewing houses for the rest of the day, so I have decided that I am going to put my feet up, with a sandwich and a cup of tea on Sunday morning whilst my boys are playing rugby – and listen to this week’s talk – I can’t wait!


Sam

I’m writing this on Saturday at the end of my first week of forex training. I have just listened to the weekend audio talk and summary. I can only say ‘Wow’, I am SO impressed with everything.

The audio I have just listened to has given me an in depth understanding of how to distinguish the good from the not so good claims and promises made by brokers and pundits in forex. I would say this one session alone was almost worth the course fee.

This first week, I spent around an hour and a half each evening on the lessons. I have learned how to operate and understand my trading platform and all the ins and outs of how everything is done. Even though it’s a whole new world for me, the way everything is put forward using more pictures than words makes it all a little like a computer game, with the mini-test at the end of each session acting like a double check that you have actually picked it all up.

I also had a taste of the first video lesson this week. Actually, this course is really enjoyable and very interesting, I don’t know why I was so apprehensive about taking it on. I do marvel at how much I’ve picked up this week without being aware of it

No forex lessons on the week-end, I think I feel withdrawal symptoms already

Sam

Where ever was I before I started on this journey to learn forex - the one thing that that I am really, really feeling confident about is the amount of detail that there is in the tutorials It is making everything clear and everything is so visual. Each tutorial has clear diagrams and descriptions as to what each element relates to.

Would you believe I had no idea about Candles in Forex less than 48 hours ago? Just to make sure that I am really up to speed with what I have just learnt, there is a handy (but brief) questionnaire at the end of each tutorial, just to jog the memory.

My initial concerns as to “would I have the time?” and “can I really do this?” have now disappeared and to be honest, this is exactly why I didn’t do something like this before. As I said in an earlier post, I was never very good at maths when I was at school and this was another major concern I had at the beginning. But I have learnt already that Forex isn’t based on classroom mathematics or IQ – thankfully!

So where am I overall in my initial few days?   I now KNOW I made the right decision in doing this course, and I am finding this refreshing. I am classed as one of those late developers and haven’t ever felt that confident that I could do something like this – but I now feel I can.

Who would have thought that a forex training course could be so empowering.

Right – off to cook supper for my three children!

Sam

I must say that I approached this forex course with more than a little trepidation. Truth to tell, I’m not great with figures and after doing some research into Forex on the web there was so much information, much of it in a language I didn’t even recognise, that I ended up overwhelmed and more than a little confused and very apprehensive about the whole thing.

However, having made the decision to take the course, I stuck with it and got quite excited when the first very simple email arrived in my inbox, right on schedule. After a brief welcome I was asked to click on a highlighted link and lo and behold, I was taken immediately to a page on the web, called a download page, with very clear numbered instructions leading me to take my first steps.

Step 1. Click here to listen to a pre-course sound-recording of the trainer introducing himself, the course and how we would be proceeding on a daily basis.

I relaxed, settled down to listen, and was immediately reassured when he started out by saying that no one need worry about keeping up – and that whenever there was a query, an email would bring one-to-one help almost immediately, certainly within an hour or so. To be honest, this really put me at my ease.

It was explained that although the training course was for absolute beginners who know nothing – this was no lightweight course. It would be very thorough, would proceed at a comfortable forex beginners’ pace and that there were 33 tutorials in all, delivered in one’s and two’s on a daily basis.

He went on to say that, in reality, no four week course in the world, could turn out a safe and profitable trader in just four weeks. And that there was a full, one to one support system available to everyone at a nominal cost, for as long as it takes to develop skill and judgment after the course. He also explained that no-one should be trading real money until they had proved, beyond a shadow of doubt, that they were more than capable of doing so within the after-course support system and with expert help.

Finally, we were told that in the event that someone may feel this wasn’t really what they were expecting – a refund of the course fee was available immediately on request.  He also said if anyone felt after the first two weeks that the course wasn’t for them, the same refund would be available. When the short audio was finished, I clicked on the 2nd step.

Step 2. And the first of 33 tutorials was delivered to my inbox within seconds. I clicked to open it up and there was 9 page (portable document) file with 7 pages of large pictures with arrows showing me exactly what to do, one page of text and a page of Q and A’s at the end as a kind of check list that everything was OK.

And I was off on my journey into forex. To finish up after this first experience, let me tell you that within 35 minutes, this absolute novice had registered for a free forex ‘game’ or ‘demo’ account. I went through a short process and my account was open and the trading ‘platform’ was ready to go. And wonder of wonders, I have learned to open trading charts already and I’m poised to go onwards. No more apprehension – I know now that I am in for an enjoyable four weeks forex training.

Excuse me – I’m off now to eagerly open the next tutorial

Sam