Oh my gosh…today’s lessons get into the most important part of the course…WOW!  Lesson 17 is called “Getting Down to What Really Counts,” and I can truly say that I was blown away.  Syd took me through an excel spreadsheet demonstrating the true power of compounding my capital.  The spreadsheet is very user friendly as I only have to enter a few key details and the rest is calculated automatically…sweet! Read More→

After a much needed break over the weekend, I’m back in the driver’s seat of my forex lessons.  I actually intended to work on them over the weekend, but I took in so much information last week that my poor little brain needed some time to let it all soak in a bit.

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Good Friday to you all.  Diving right into the second week’s materials, lesson 13 begins to get into the Tools of the Trade.  Sid begins by pointing out that this is not the trading strategy I will be using to trade, but rather the foundation for trading because it is important to be prepared and understand what I am looking at and what I am looking for. Read More→

Three lessons to go and I’ll have finished last week’s assignments.  The great thing about these lessons is that I really have been able to work at my own pace and as my schedule permits.  I would strongly advise doing them daily and keeping up because it’s not nice being behind.  However, it hasn’t been too difficult to try and catch up.

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Back from the real world, I was able to squeeze in one more lesson today, number 9…Money & Leverage.

Finishing up on the money topic for now, Sid continues showing me how to change my pip value if I want to place a larger stop on my trade.  This is important because I never want to risk more of my capital than is safe.  The example Sid uses is very clear and helped me really grasp this concept.  To close on this topic, using Sid’s pip value formula, “you control the situation by using the math to guarantee that you never risk more than you should for safe trading”.

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Hump day (Wednesday) already…where does the time go?  I’m diving right in today with lesson 6 which is about Mindset & Money.  I found this lesson to be quite an eye opener.  Sid states unequivocally that there is no magic system or strategy, but rather a change of my mindset is what is required.

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Happy Tuesday everybody!  Rough start today…I think I’m coming down with something.  Not to worry though, I did persevere in getting through a couple of lessons today.

Lesson 4 today showed me the importance of ‘stops’ and ‘limits.’  Sid started the lesson with a dramatic scenario in which I just lost 300 pips…OMG!  Wait a minute, let me catch my breath.

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Well, the best laid plans always seem to get side tracked somehow.  I planned to catch up on all of the first weeks lessons over this past weekend, but only made it through the first three.  However, this does not discourage me in any way.  I am finding the lessons very easy to follow.  This makes me very happy!  I think if they were cumbersome I might be having difficulty with it all, but because they are so simple to follow and structured for the absolute beginner, I am very confident that I will be caught up in no time.

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Jody here!  I’m excited to have this opportunity to share my journey into a very new realm for me, and that is forex trading.

I stumbled onto forex one day while sitting in the dentist office and was thumbing through a business magazine that was singing the praises of the forex market and how it is no longer an exclusive thing that only banks and businesses have access to.

With the advent of the internet, so many things are now so easily accessible to the average person it just blows my mind.  So, it piqued my interest. Read More→