Comments for Forex Training Works

Comment on Potential Profit Area (PPA) by Jason, London

Jason, London — Sat, 02 Jul 2011 10:38:49 +0000

At around 0818 – 0819 to me seemed the best move of the morning as the pound was strengthening with correlation, but I remained out the markets today, as most of the session I found it too risky to enter. As I was observing that move, I felt calm and okay…, yes, I felt it was an opportunity, but not a missed opportunity… because I have to be objective and remain in control, as there will be better opportunities in the future.

No Trade

Comment on Potential Profit Area (PPA) by Robert, Cyprus

Robert, Cyprus — Fri, 01 Jul 2011 19:14:28 +0000

Observed from 7:00 until 8:20 (UK time) + 6 pips

The Pound made several attempts to move this morning, but nothing developed until 8:16 when the upward move looked like it would continue.

I was in much too early for this buy trade, and the trade hung just in positive territory for ages before moving strongly upwards, when it paused I got out at + 6 pips.

I have exceeded my target so will not trade again this week.

Comment on Potential Profit Area (PPA) by Simon, Surrey

Simon, Surrey — Fri, 01 Jul 2011 11:54:58 +0000

Had to wait a while but made +3 on a buy trade at 08.16.

Comment on Potential Profit Area (PPA) by Robbie Aberdour

Robbie Aberdour — Thu, 30 Jun 2011 23:37:40 +0000

Wasn’t going to trade again this week but this wee PPA offering appeared so I dived in.

It lasted a wee while, 16 minutes, for a +8.

Comment on Potential Profit Area (PPA) by Sunil

Sunil — Thu, 30 Jun 2011 11:08:10 +0000

I made a PPA trade on tuesday 28.6.11 at around 2.08 pm.
I noted that the sentiment on the £ was on the upside and that it was reluctant to move down with the Euro prior to the trade.

I will not trade further this week.I have decided to stay at Level 2 for now even though this is my 5th consecutive positive week.

Comment on Forex Trading with Patience by Steve, Sacramento

Steve, Sacramento — Tue, 14 Jun 2011 17:57:34 +0000

At my beginning level – It was hard to watch the screen and not trade since Tuesday, This is something I wanted to do for my own discipline. I will say it had an effect on me as I realized how many more opportunities come along if you just wait. Holding small gains and not overtrading, especially for beginning levels like me is really true, I’m going into next week feeling stronger and that feels great.

Steve / Sacramento / Dec / L2

Great insight and ‘penny dropping’ moment here!

Comment on Forex Trading with Patience by Daniel, UK

Daniel, UK — Mon, 13 Jun 2011 13:16:21 +0000

Have started training again for the Great Eastern Run 1/2 marathon in October and so have Sid as my running buddy with the archived Sunday calls! Sid talking about perspective was certainly enlightening and made me think about my own trading and not looking to rush into things. Thanks Sid!

Comment on Forex Trading with Patience by Michelle, Christchurch, NZ

Michelle, Christchurch, NZ — Mon, 13 Jun 2011 09:23:26 +0000

Well I’m learning to do patience and focus very well…watched from 10.15 – 12 today with NT. Some movement at 11.50 but I didn’t think enough correlation from the swissy. Have been watching the correlation videos again from lesson 29 – has been great and given confidence to really wait for the right moves – I may be the new Colin the tortoise but I’ll get there.

cheers Michelle, christchurch, nz, aug L2

Comment on First Week of Trading by Jody

Jody — Tue, 08 Feb 2011 12:46:42 +0000

Hi Simon,

Thank you for your comments. I’m glad that you are finding this blog helpful. It is true, that Sid is very open and honest with what he says and does. That is one of the most important factors that impressed me enough to take the course in the first place.

I know exactly what you mean about learning new stuff. I had a good chuckle about the mobile phone because I go through the same thing. My kids (adults now) are always trying to get me to upgrade to the newest and fanciest gear and I just can’t be bothered. I get comfortable with something and if it does what I want, why do I have to keep changing? Somebody please tell me. I think it’s all about keeping the money flowing into the fat cats pockets. Oh well…I digress…sorry for the rant

Yes, I am 8 hours behind the UK, but I have the luxury of managing my own schedule most of the time, and I’m a bit of a night owl, so I can take advantage of the early or late hours of the trading windows from the west coast of the US.

So far I’ve been trading in the NY market, which is quite late into the night here. My schedule lately has been to work into the night and get a few hours of sleep to get up and trade, then back to bed for a couple more hours. Sometimes I work in the afternoons, so when that is the case, I’m going to try the London open time frame. I understand that there is generally more movement during that time, so I am eager to try it.

When I read the BBC blog, I see that most members do indeed trade the London open time frame. I suspect that that is the case because there is more movement. However, so far, I have been happy doing what I’m doing. I guess I’m not a typical BBC member. I hope this is helpful. Good luck on your course and the journey beyond. I wish you much success

Jody

Comment on First Week of Trading by simon

simon — Sat, 05 Feb 2011 19:17:33 +0000

I’ve kept up with your Blog for the past five weeks with great interest and I’m glad to see you’re continuing it into demo trading and hopefully as you progress through your targets and into live trading and compounding, even if its only a monthly account in the end. I found Sams blog very encouraging when deciding on the course, but I feel that you have given a much clearer picture of what it entails.
I myself have just finished my first week of the course which I found very interesting, just as you described. In the first week it is like we are laying the foundations for the rest of the course as it steadily builds.
I had a few ‘challenges’, ‘if you will’, with my computer not able to login to the Oanda platform, but there is instant chat communication on their troubleshooting pages,(and I mean instant) and they soon put me right.
I am very glad that Sids course is friendly to those like myself who although can get around software, often find learning these things very frustrating. I even hate swapping my mobile phone because I hate trying to work out all over again which buttons to press to do what!
Anyway if anyone other than Jody is reading these comments, my advice is give it a go. I have just listened to my first weekend audio and Sid is still reminding everyone they can throw in the towel and get their money back in the next week. Quite amazing!
One thing I like to ask you Jody, is after downloading the world clock, I guess you are 8 hours behind the UK, so what sort of hours are you trading? What time do you have your Breakfast and is it before or after trading? Trading times is one thing I am interested in hearing about.
Anyway good luck with the demo trading.
Simon