Author Archive
The Trading Mindset – Part 3
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So – like a lot of other people – I did try trading for eight hours a day – after all, it was what I’d been conditioned to do.
WOW, did I start losing money? You bet I did. Being exposed to a merciless market for eight hours was dreadful. But something said, “C’mon, there’s money here, you can beat it”. And I lost more money. WRONG MINDSET.
So then I went back to trying to do it before breakfast. Guess what? It didn’t work. Read More→
The Trading Mindset – Part 2
Posted by: | CommentsMost people, have been conditioned by circumstance; by the way we were brought up, educated and matured – to understand the work ethic in our ordinary everyday lives. This kind of life we have accepted, unknowingly and subconsciously as ‘normal’.
To try and demonstrate this, let me tell you that when I first discovered that I could make my wages by sitting in front of the computer trading Forex for around an hour before breakfast, It was great of course – but I felt there was something wrong – I almost felt ‘guilty’. Read More→
The Trading Mindset – Part 1
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One of the most important things that I have developed in my trading, is a different MINDSET. For those of you who HAVE traded before – this is the one thing that will turn you around from where you are now – to where you’d like to be.
But you are going to have a FAR harder task than the new people who have NOT traded before and have NO knowledge of it.
You more experienced people in particular, are waiting for the magic moment, magic indicators, magic system or strategy that will turn you into successful traders.
Well folks – do I have news for you? I don’t have such a thing in any shape or form. Read More→
Updated Forex Lessons
Posted by: | CommentsI have updated many of the Lessons that take up most of the first week of the training course. It is difficult to keep up with Oanda’s improvements sometimes, but all of this first week’s lessons are now bang-up-to-date.
I have also added and updated to Lesson 27. There is an very interesting facility in Oanda’s charts that I have only just found – so I have made a video to explain it and you’ll find it at the end of Lesson 27. Read More→
The Forex Mindset
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Let’s talk just a little about one of yesterday’s meeting topics. Just how much of our success in forex is down to the mechanics of trading, and how much are other ‘factors’ involved? Well, I’m here to tell you that in my opinion – and in the opinion of many other trainers – the mechanics are very little to do with success.
I have used the term ‘mindset’ a lot over the years to describe the mental challenge that awaits EVERY person that comes to forex hoping to find that elusive, ‘life-changing’ opportunity that most of us hope for.
Our lives may be satisfactory in many ways, but is it fore-destined that we have to spend the great majority of our time on earth, ‘working’ – and the tiny, comparable minority of our allotted time ‘enjoying’ life? Read More→
Free Online Forex Training
Posted by: | CommentsYou are right in thinking that ordinary people looking at Forex find it a bewildering mass of conflicting information.
To the average person the mental check list can be frightening. Most newbies think it’s either too complex or too risky for them – but nothing could be further from the truth. Read More→
Forex Education
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With regard to education, the answer is that very few people get a proper ‘forex education’.
They may well be getting SOME information – in many cases, doctored to look exceptionally attractive to the newbie – but often, it’s not meaningful information.
Our forex education course IS just that, it educates the beginner to the extent that it empowers newbies in all of the following, and much more. Read More→
Forex Trading Online
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Hi Folks,
I understand there were problems with the BBC site over the weekend, and I am assuming this meant there was no call this week.
It is of course a bit frustrating when these things happen, but with the Internet, the supporting technologies will occasionally break down.
Overall it is pretty amazing what we can now do. Read More→
Forex Trading Points
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Hi Everyone,
Well what with holidays and some very nice trading earlier in the week, a lot of people have finished already this week, especially if they are currently aiming for a positive week.
If you are still trading, that’s ok too, different levels, different goals, different windows and different personalities inevitably make seeing trades different for all of us. Read More→
Getting Perspective in Forex
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Many people are saying TGIF today – but not me folks. Every day is a good day for me, I am very happy to say, and I sincerely hope that you feel as I do.
To put this under the microscope for a minute . . .
When in London two weeks ago, I was speaking to a very elderly relative. I asked him how things were? He replied, “Every time I open my eyes in the morning and realise the He has given me yet another day, I rejoice.”
I love speaking to elderly people, they give me such PERSPECTIVE on the world. Read More→