Me and my husband attended a Forex Trading seminar last night from Knowledge To Action (Greg Secker), and it was taught by Clive (sorry I don't know his surname). Clive is very experienced in Forex trading and he's very confident that Forex trading can generate income when you know what you're doing. There are few things we learn last night:
1. Risk management - Make sure you know how to manage risk (if you're losing, only lose 1% of your capital).
2. Mindset 80% with Strategy 20% - With trading, it's so important to control emotions and have a right mindset to know when to take money, when to quit, when to trade and when not to trade.
3. Confidence - Need to be confident and be comfortable with trading. The example he gave was really good. Imagine you're driving a car, you wouldn't think you're going to crash everytime you drive, and why? It's because you are so experienced in driving that you have confident in what you're doing.
I understand that a lot of people think trading is risky, and I always have a question as to whether these people who lost in trading did go to any education course to learn strategy and how to manage risk? It's risky in any investment if you haven't done the research or learn about the subject, which was the mistake me and my husband made few years ago when we bought the property abroad. Luckily, instead of keep looking back and scared of investing, we moved on, we grow and we learnt from experience. We believe to achieve success, it's going to have lots of up and down, and trying too!!!
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