Weekend Rap

I thought I was done for the week, but I forgot that there is a weekend audio to listen to.  These are nice because they give Sid a chance to highlight and expand on topics that he thinks significant.Sid recapped all that I’ve learned over the past three weeks and it’s amazing when I stop and really think about it.  Here’s a quick list of just some of what I’ve learned:

• what pips, units and leverage are,
• opened a demo account,
• learned how to set up and manipulate the platform,
• developed a money management strategy,
• came up with a business plan,
• understand what barriers are and what they’re used for,
• what stops and limits are,
• how to identify potential profit areas (PPA’s),
• the differences between brokers,
• channel trading and looking for set ups in them,
• correlation trading

Like I said, I find this quite amazing because when I think back three weeks, I knew pretty much next to zero about forex trading.  Now I feel I could at least hold my own on the topic.  I’m not saying that I’m an expert by any means, but if someone were to ask me what I’m doing, I can now give them a well formed answer.

Sid reminded me that it will not be easy.  He doesn’t offer any rose colored glasses here.  However, he said that common sense is key and that taking the time to develop the patience and discipline needed to be successful in this pursuit will pay handsome dividends in the long run if I’m dedicated to my cause.

Nuf said…back on Monday…promise!

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