Yes . . . we have decided that I am going to trade real money as soon as we have deposited it. Yes . . .I am nervous, but I also now know beyond any doubt that I can and am doing it.

In a way, if I hadn’t been so absorbed in this, I wouldn’t have believed that I could have mastered something so alien to me in just 12 weeks – but that’s how long it is since I first took the plunge and started the forex course. And I have to pinch myself when I remember that I knew absolutely nothing on the day that I started.

As this is probably going to be my last post in this format, I must say that taking this forex training course was the best decision I have made in the whole of our married life. The course and the aftercare have been so much more than I hoped for. I now belong to a forex family of several hundred people world wide and we share our experiences on a daily basis. It’s just great.

So finally – thank you Sid and Kris and Forex Training Works – you’ve changed our lives.

This may be difficult to understand but I have gone through the most amazing transition in my thinking about money-making. This apprenticeship is really where you start to appreciate that making money from forex, the ‘Forex Training Works‘ way is so different from my previous perception. I know that I have turned a corner that will change my life from now on.

What is the difference? Well, it’s about changing a conditioned mindset. Just ten weeks ago, when I started the forex training course on February 1st, I KNEW that the harder I worked, the more hours I put in, the more effort I expended – the more money I would make. Let’s apply that to forex for a moment.

On average, I am actually trading for around one hour in the morning. If I can make my target in an hour – it it seems to be a no-brainer, that if I work for four hours I could make four times the money. If I worked even harder and put in eight hours and expended equal effort – I could make eight times the money. In the outside world, I know that’s true. In forex it is completely the reverse.

SAFE trading to make money is about CAREFULLY using a time period for what looks like a small achievement. To risk that achievement would be a nonsense because that small CONSISTENT achievement adds up to an enormous profit as it rolls up and compounds. Best of all, and this is where I have turned a corner, it is a super STRESSLESS and risk-less way of making money work for you – instead of you working for money.

I have ‘worked’ at forex trading, for around three hours this week. I have added up my ‘potential’ earnings since I started demo trading seven weeks ago – and I am amazed at my potential ‘return on investment’.

Return on investment, as I have learned, is the percentage amount my original capital sum has grown over this period. We don’t ever talk actual money because it’s obvious that the percentage brings us all to a level playing field whatever small or large capital we start with.

My return on investment at a small 10 pip a week target has been almost 22% in just seven weeks. Compare that, to the money we have in an investment account that is earning us around 2.5% per YEAR right now.

So on the basis of the possibilities, without stress, without hours and almost without effort, my husband and I have decided that if I can confirm these results over the next week or so without trauma – I will become a live trader.

I realize that ‘going live’ will present different challenges – but I know I can do this. I enjoy doing it and this new direction could genuinely change our lives.

I started this, HOPING I could do it. Now I know I can.

Sam

So tell me, who is already feeling like they are being force fed with election news – of which we are being served up absolute oceans of “spin”.  What is ‘spin’? Well, to be generous – it may be the truth – but if it is, it’s stretched so thin as to be almost transparent.

Thankfully, there is absolutely NO comparison between our current political diet of spin, spin and more spin – and Sid and Kris’s forex training course!

Sid and Kris have delivered exactly what they said they would from the outset – a straight talking, no nonsense course.  The course itself went at a great pace and it’s only now that I am really benefiting from the level of information that Sid included in each tutorial.  I constantly refer to my notes and Kris’s daily support, thanks to the BBC Club, is helping me every day.  It’s not just Kris’ valuable feedback and Sid’s regular emails encouraging us to keep perspective – but being able to see what everyone else is doing is fascinating.

The BBC Club is made up of a significant number of traders and forex apprentices all at different levels; I have always been a great believer in the old mantra that you can always learn from others – and I think the BBC Club really embraces this philosophy.   I regularly read about how well the more experienced traders do each week and I can also see how they do it.  Sid and Kris’s helpful input has helped me to understand how these traders could be doing even better – so it’s a win, win!

Wouldn’t it be marvellous if our politicians could be as straight forward as Sid and Kris and deliver what they say the will?  Thank goodness for Forex Training Works eh?!

Sam

When you need to cram five days in to four it can get a bit hectic, in fact I was in Nottingham all day Tuesday and had my first mobile trade!  It has been another great week for me – and Sid’s golden rule of safety first has paid off dividends!

I am loving my new found skill of patience and let me tell you why;  I know that they say self praise is no praise – buy hey, this is my blog and Sid has said I say what I like so here goes!

Sid has taught us how to read the market and make the most out of it – after all we are here to make our lives better financially. One of the important rules we are taught is not to trade when in doubt; I have been really diligent this week and have been at my desk at 6.30 each day before sorting out the normal daily chores. I have it scheduled into my diary as my daily forex rendez-vous!

Anyway, today it just didn’t feel right – so I didn’t trade.  Sounds daft – but it was the right think to do.   I listened to what Sid advised us and decided not to risk what I have already made this week.

Sid really made my day after I sent in my daily update when he sent a short email saying “well done” on my decision today. Now isn’t that great one-to-one support after a forex training course?! Sid and Kris have been so great and they are both so patient, although I have no idea how they find the time for all of us!

Right that’s it for today – this might not sound like much to those who are looking at doing a forex training course, but believe me once you begin to learn about how to make money with forex, each new golden rule you experience is even more exciting than the last!  By keeping my money safe today I am still making money as I didn’t risk anything – and that’s the point.  It’s not about risk – and now I really get it!  It really does pay to listen and lock away the ego!

Well, this is a story of last week. I’m still on a voyage of discovery here and it’s probably one of the most exciting things I’ve been involved with for a very long time. I need to explain a few things so you’ll understand where I’m coming from – and more importantly, where I’m going, as I develop my understanding. Because this is SO much better than I have given it credit for up to now.

The essence behind this wonderful trading system is that ‘less is more’. A couple of weeks ago, we did a few days on money-management and I built a kind of plan for myself based on what I thought was an extremely conservative trading performance.

Last week, it hit me how clever this is. Instead of spending hours and hours trading our socks off to get as many pips as possible. We are taught to be ultra-selective. In fact, it sounds daft – but we are told to sit down NOT to trade at all, unless ALL the criteria we’ve been trained to look for is present.

This is more difficult than it sounds, because my instinct is to get in there and trade for the sake of it. The clever bit – once it dawned on me – is that instead of trading willy-nilly and treating like a game of chance, where losses go hand in hand with wins, I’m actually not risking my capital at all – I’m preserving it until I see something REALLY good. When I do, I take advantage of it and make hay while the sun shines.

At this stage of my apprenticeship, I’m allowed to take three trades per session (about an hour and a quarter for me) or, I stop for the day after my first positive trade. If I follow the rules laid down – and why wouldn’t I? – Win lose or draw I am never risking more than 1% of my total capital.

The clever part about this whole system is that by following this simple structure – I had a positive week last week. I traded four mornings. One day I didn’t trade at all because I didn’t see the criteria. One day I traded for 20 minutes to get my positive trade – and shut up shop. And the other two days I was at my computer for just over an hour.

The end result was, had I been a real-live trader, I would have made my money work for me to make a profit last week. But more importantly, I would have compounded my capital so that this week, trading the same percentage of what would be a bigger capital brings in more profit – for the same number of pips. This is compounding working in a magic way – because the plan is this.

I start with X amount of capital. I trade in the manner described and take no money out until I have compounded my capital to the point where I could take out a salary, but even after taking it, I am still compounding (growing) my capital, month on month.

Now if that isn’t making my money work for me, I don’t know what is. What’s the drawback? Quite honestly, it’s me. Holding myself back here is so hard !!!!!

But . . . I’ve been warned that ‘over-trading’ (that’s just trading on and on to get more and more) is a recipe for disaster. Apparently most people throw away ALL their gains by going mad and becoming possessed by the need to trade. I have to treat this like a business, be controlled, patient and disciplined. However hard this is for me – I can actually see that if I get this right – I really can change our lives.

Sorry this was so long – but it’s a much bigger thing than I realized when I started. Let’s see how I do this week

Sam

PS – It’s my birthday today!  25 again!

My confidence is growing too although I have to say I was over confident one morning this week.  I have now got into a good rhythm and am demo trading four mornings out of five during the week, normally getting to my desk anywhere between 6am and 7am, depending on children’s movements and dog walk responsibilities!

Every morning I got to my platform, set up just as Sid recommended we set it up and take stock of what has happened overnight.  I also spent some of this time reading the Daily Bulletin and picking up a few tips here and there from what some of the other forex apprentices from my course are doing and how they are finding things.

I feel it will be really helpful to those considering learning forex just to touch on what I mean by being over confident as I fully appreciate, if I HAD been a live trader on Wednesday of this week, I would have made a loss.   We are currently doing just one trade a day and I can truly appreciate why that is now.

I traded slightly later on Wednesday and saw that there was a really great PPA trade (sorry, I said no jargon and I’m already doing it. PPA is the name of a certain type of trade that I’ve learned) which I went for, and I managed to get five pips. BUT completely against advice – I took another trade and not only that – didn’t take my time or do what I have been taught, I just got greedy. Result, I lost the pips I had previously made. So let me reinforce the most critical part of Sid’s forex course training – follow the rules – this is the MOST important lesson to learn.

I am just so glad that I have taken Sid’s course, we are very much apprentices now and it is much, much better to be making, these (quite frankly) stupid mistakes now, than to learn a very costly lesson down the line.  I can only state once again just how glad I am to have chosen this particular forex training course.  My apprenticeship is well underway – this support system is wonderful. I now know absolutely that forex can only benefit my life.   My dream is to take the pressure of my day to day work life and my husband’s too – making our money work for us to provide the things we want, without both of us working all the hours God sends.

If you don’t believe me, check out some of the videos that are now appearing on the website!  Who knows, maybe one day this will become my job too – that’s how excited I am right now!

I am continuing to learn not just about great techniques and where I may be able to find an opportunity to trade – and more importantly – how to do it safely, but I am also learning new life skills.  Patience for starters, I have a rather poor joke, in that when I explain to people who don’t me know so well that I left the queue whilst God was giving out patience.  Moving on swiftly from that (and apologies for my distinctly average sense of humour) – a great lesson this week has been an example of how dangerous not being patient can be in forex.  This has been something that has been one of my downfalls in life, not taking a step back and not being patient.  I won’t be making that mistake when I am a live trader!

In one of the lessons this week, Sid said that learning to trade forex safely and actually trading can be scientific – and it really dawned on me by Wednesday this week.  I really found the videos that we watched this week incredibly helpful and did exactly what Sid mentioned and went over the lesson on correlation at least twice already – and I only did this yesterday!

Another thing – sorry, I learnt so much this week!  I feel like I am practically an old hand in terms of my confidence with this – the tools that we are being shown, the techniques, the time being taken to show us and the videos.

Do you know (and this may sound daft) – I really BELIEVE I can do this, I really feel that I can be a successful forex trader.  As ever, I am going to sit down tomorrow and go over what I have learnt, draw a few channels (getting the lingo!) find a few PPA’s- check out a few barriers!  This just gets better and better!

Sam

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