During all this craziness in my life, forex moved on without me.  I sat down to my computer to “re-familiarize” myself and what do ya know?  New stuff galore…I was blown away!  Sid has revamped the entire course and changed strategies in order for us to keep up with the many changes that are taking place in the financial markets.  The instability of the euro meant changes were needed to help us all remain safe, profitable traders.

At first I was a bit disturbed because I was all set to get on with what I already knew; however, after going over all the new stuff and listening to a few calls, I realized how much better the new ways really are.  It amazes me how often we fight change, but more often than not, it can produce some amazing opportunities, and I firmly believe that is what has happened in this instance.

What really impresses me about all of this is that Sid didn’t just rest on his laurels and let us take our chances.  He is really committed to us BBC members and has been really proactive in keeping up with the changes necessary for us to be successful and incredibly enough, he has proven that forex really is quite a “fool-proof” way to earn some money. Whether for a full-time income, or for part-time one, forex does seem to stand the test of time (and change!).

I’m glad I didn’t despair, but rather embraced the change, because the new system offers greater earning potential, and in my humble opinion, a much easier and safer way of trading.

Thank you Sid for your continued dedication and hard work at keeping all of us BBC members alive and trading.

And, here’s to hoping I can stay focused without major interruption again any time soon.  Happy Trading All 

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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.

My blind self-confidence had gone and nothing went right – no matter how hard I tried, And boy did I try? Because – in my world I was conditioned to TRY HARDER when things didn’t go right. WRONG MINDSET.

Now – this is a tiny example of what I’m talking about here – but you need to grasp what I’m saying.

NOTE WELL PLEASE !!

YOU HAVE TO DEVELOP – patience, discipline and a very, very COOL attitude to trading. You are not going to get this straight away – you might think you will, but I doubt it – so we’ll need PATIENCE and COOL – - – starting now. Please don’t think these are empty words that you can read and forget. Don’t think that YOU are different and it will be easy for you because you are something special.

It won’t – and you aren’t. Please take my word for it.

If you have enhoyed this 3-part series and feel you have what it takes, please feel free to take my Forex Training Course

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’.

I’ve worked all my life, it’s ‘normal’ for me. Like most people, I KNOW that you work for 8 or 9 hours every day and that’s the ‘way it is’. Right? How could I possibly have finished my day’s ‘work’ in one hour? And before breakfast for goodness sake. It just didn’t seem right to me.

My MINDSET was a conditioned one – it just couldn’t accept that there was a different kind of mindset that I needed to develop – to be ‘cool’ about only working for an hour a day. My old mindset said, “Boy, if you can make that money before breakfast, think what you could do in a ‘normal’ eight hours”.

That’s conditioning.

The 3rd and final part of this series will be live in a couple of days.

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.

What I am going to ask you to consider – is to change your trading mindset.

Well over 95% of people that start out in trading are finished within 90 days. Just under one million dollars is lost every three months by these people, never to return. That’s a horrific statistic and there is a good reason for it.

Very few ‘gurus’, ‘trainers’, ‘courses’ etc., tell people how it really is. In fact the knowledge to make you successful isn’t hidden in a system, set of complex indicators or expensive (I should say RIP OFF) strategies that costs thousands of dollars. It’s right there under everyone’s nose – but I haven’t met even a handful of people that can see it.

Well, correction – I’m sure many System Sellers’ CAN see it – but you can’t charge $3000 to $5000 for anything THIS simple – it’s SO much easier to charge 3K to 5K for a complex web of statistical, magic indicators, and mumbo jumbo.

Well, in the next couple of posts I’d like to show this simplicity to you – but you are going to have to learn a different MINDSET.  I spend time on this because if I don’t – you just won’t get what trading is going to be all about.

Look out for part 2 in a few days…..

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.

It’s specifically designed for all the ‘forgetful’ people among us who suddenly find they’ve been stopped-out, only to find that it’s Non-farm Payroll day but they neglected to check before trading

All updated lessons – that is to say the very latest versions of all lessons – can always be found from Item 4, Latest Forex Course Tutorials at the BBC Main Menu.

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?

In my opinion, it’s ONLY a massive change in mindset that will allow us to break-free from what the overwhelming majority of us accept as ‘the norm’. Almost all of us have been conditioned to accept the above as the cornerstone of ‘good’ living.

Forex can be the CATALYST for this mindset change – but in itself, it is not the answer.

I believe that we are CONDITIONED in many ‘so-say’ fundamental beliefs. The conditioning process starts as soon as we are aware of life around us – maybe as soon as one-year-old and becomes part of our being. What person reading this does not believe that the harder they try, the more chance of success they will have with ANY challenge?

Yet – as many of you now KNOW without doubt – the harder we try in forex – the less success we have. Further, that lack of success in itself, drives us to try even harder – and it all becomes a self-fulfilling prophecy of negativity.

So, in forex, many of you now know, that unless you accept a DIFFERENT mindset with reference to just this ONE part of your ‘make-up,’ you will have the most frustrating and miserable time. In other words, that particular part of your conditioned-thinking needs to be changed. It took a lifetime to instill this conditioning, so how easy do you think it will be to ‘reset’ such a core belief? The answer is, insufferably difficult. And this is just ONE of countless beliefs that are instinctive within you.

I have watched my Forex training course students struggle with this ‘mindset change’ for years. Many of you have the ‘Ah hah’ moment that signals the change – and then develop wonderfully over the following months to become successful practiced demo-traders of repute.

Then, live trading comes along and the first instance of being negative can make you forget ALL of the new conditioning in an instant. And suddenly the OLD conditioning snaps in and you find emotion and old instinctive-beliefs taking over and before you know it you have ruined all of the new mindset – reverted to the old – and lost a major part off your capital. That’s how powerful your lifetime of conditioning is.

In order to try and demonstrate the importance of this mindset change, in relation to your expectations of forex, I show you this graphic illustration of what is – and what isn’t – important, as you develop your understanding of the changes that you have to go through. Changes in attitudes, conditioning-influences and MINDSET that have been your core-beliefs for decades.

Changes that will blow away that MAJOR conditioning influence that you have been working with, for the majority of your time on earth.

Your previous conditioning is NOT the ONLY way. We weren’t born to toil endlessly, however much we have internalised that belief.

If you would like to change your Forex mindset please book on to my next Forex Course

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.

Some training and trading advice is a must, so first, lets talk about whether free online forex training and free online forex trading advice is available – and if it’s worth while.

Free online forex training means that you will be given information to help you understand how the whole thing works.

Because the operative word in the phrase free online forex training is ‘free’, does not necessarily mean that it is valueless. In fact some e-books and article explanations for beginners are excellent – and as there is no commitment with ‘free’, it really is worth making this a good first starting point.

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.

• Opening and operating a forex demo account, in detail.
• Brokerage and what to beware of.
• Understanding and becoming familiar with every aspect of the forex trading platform.
• Understanding the way the money is actually traded, including leverage, bid and ask, the spread and how we can make money with pips whether the currency is rising or falling in value.
• Money-management and a safe money management strategy.
• Building a personal two year forex business plan, based on a worst-case scenario. No ‘pie-in-the-sky forecasting.
• In depth charting and how to turn a chart into a ‘road-map’.
• Real trading strategies which work.
• Forex discipline, patience and psychological control over emotion. Forex trading is emotionally very different to normal life.

As you can see, there is much more to becoming empowered as a safe and profitable trader in your own right than it might appear at first glance. It’s pretty obvious isn’t it, that a forex education is much more important than anyone might think.

See what my Forex education course can offer you by visiting: Forex Education

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.

When I first started trading, I traded futures. Minimum order was £1000, and you put orders on by ringing your broker.

If you had told me then that in just a few years we would be able to trade any amount, even pennies, from our own computers it would have blown me away!

So here we go with a new week, and all of us conveniently trading from our own computers – we have a lot to be grateful for!

Forex Trading Online – The Training Course

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.

I keep saying – Don’t focus on the pips. Previously we used Kris points to try to help people get their focus right.

I think they would help some of you guys to score yourself with Kris points. (I originally called them trading points, but the BBC unanimously called them Kris points – so I gave in!)

Here is how you score Kris points:

Correctly entering a trade with good momentum and correlation. 1 KP

Correctly exiting a trade with positive pips or good Gowid. 1 KP

Immediately taking a screenshot and sending it in. 1 KP

Closing down the platform. 1 KP

So a possible 4 KPs if you trade.

On days when you don’t see a trade, you can still score the last 2 KPs.

To learn more about forex trading using this points system join our Forex Trading Course