Archive for forex for beginners
A New Forex Era Looming?
Posted by: | CommentsThis week, for the first time, I reached my weekly target on Wednesday, and true to the spirit of making money safely, I closed my trading platform in the happy knowledge that I would not be trading again this week.
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 
Forex Forever!
Posted by: | CommentsAnother great start to my morning with my forex rendez-vous. When it’s a busy week I really find that my trading gives me a positive start to the day, even if everything else around me is in chaos. It gives me a warm feeling that everything will turn out just fine and that I am now, maybe for the first time that I can remember, in control of what is going to happen in my life, something that we are rarely able to savour in today’s world which seems to be in a constant fast-forward.
I have spent a lot of time the last couple of weeks observing the markets and playing it safe. Now some of you who are looking to learn forex may think this is a bad thing, but let me tell you it is far from it.
I have made money so far with my trading (technically speaking of course as I am still ‘in-demo’ and not a live trader as yet). Take that statement to the next logical step, why would I RISK what I have made if I have already earned money? Moreover, why would I risk my money when it has been earned in such a pleasant way – from the comfort of my own home, without any stress in a peaceful environment just at the start of my day?
There are so many other positives to my experience, Sid and Kris feel like they have become my friends and are certainly great mentors for me – I am learning how to be a successful forex trader as well as being taught some personal development based skills that I would have had to pay thousands for in a commercial environment! This in itself has been worth its weight in gold to me – and as that famous credit card advertisement statement explains, it’s “priceless”!
Sam
Making Hay Whilst The Sun Shines
Posted by: | CommentsWell, just trying to catch up with myself again after my folks came for a long weekend. So lovely to see them and we had what I call a good old-fashioned family get-together which I love. However, it’s back to the real world and I realised that I’m guilty of not keeping up with my blog posting – so if you are following my progress – I apologise for the long gap and I’ll try to keep up in future 
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. Read More→
Forex Apprentice – It’s Just Like Passing Your Driving Test
Posted by: | CommentsHi Everyone, it’s been a while and I feel a distinct sense of déjà-vous! Let me take you back to the time you passed your driving test and that sense of excitement, freedom and purpose. You now had your destiny in your own hands, you controlled where you went, when – and how. Completing the forex course has been no different.
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! Read More→
The End of Week Three of My Forex Training
Posted by: | CommentsIs it really the end of week three already – it’s just flown by! I have learnt a lot, reflected a lot (funny how these things make you think as I have mentioned quite a few times already) and continue to feel that sense of empowerment with the way in which this forex training course is given.
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! Read More→
Beginning of Week 3 – Learning Forex
Posted by: | CommentsWell it’s week three – did you get to the point where Sid asks you what your ROI would be if you are being cautious?! Well peel me off the ceiling please – it was monumental! I really had to take a step back, calm down and focus! Read More→
Life Before Learning Forex
Posted by: | CommentsI am obviously still a beginner at learning forex – let’s face it, I have only been doing this just over a week. I am being true to my word and have made an hour each day to continue my journey.
My husband chuckled this morning, he explained (being a female I can have selective memory!) that the reason for his mirth was the fact that only a couple of weeks ago I said that I couldn’t do any more than I was doing: I have three step-children, two very bouncy and boisterous dogs and run my own business. When I explained that I was becoming more and more intrigued by Forex he reminded me of my recent frustrations. His point was that this course is doing me good as it is giving me a focus outside of work, family and the daily routine. In fact, he is beginning to ask quite a few questions himself! Read More→