Forex Trading Seminar

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!!! 

Forex Trading Platform

After attending the Forex trading seminar at weekend, I started comparing the different Forex trading platform available in the market. I'm amazed by how many companies there are and it's hard to make a decision as to which company I should use.

I found the website below which compares different trading platforms with user comments, and I found this very useful, so try looking at this site if you're also new to this.

http://www.forex-ratings.com/

I also joined IG index yesterday as one of the helpers from seminar kindly offered to go through the platform with me. He spent an hour on the phone with me going through the analysis of charts and how to make an order to start my first trading. Can't believe he is so kind and friendly, and it doesn't cost me anything for this tutorial. Thank you!

Interesting Seminar ~ Forex Trading

Since the bad news came out from my company at beginning of July, I started to look for new ways of generating income instead of relying on a Job. One day, I saw an email with subject Forex Trading and it offered a very good discount, so I decided to join to learn something completely new. 

The seminar took place in London at the weekend and it was taught by Jimmy Young who had many years of foreign exchange trading experience. He's a very knowledgeable, experienced and funny person who really knows the subject well and know how to teach. At the beginning of the seminar, he said some quotes below which is very encouraging to someone who's new to Forex Trading.

" When you TRADE, you've no clue on what's going to happen next! It's uncomfortable way to earn money but it works with Pattern."

"Force yourself to make effort you need to make. Need to be Patient as you'll need to learn to Trade! Get Serious!"

The most important quote is as follow:

"If you don't believe you can do it, you'll never do it!"

"Make the effort to get there, believe in yourself!"

He's obviously right that starting something new need lots of effort and a strong mindset to believe in yourself. Forex trading also involves risk but it's about managing your risk to a level that you can afford. I've learnt so much during the weekend which I believe it worths looking further. I should share more later about what Forex trading is and what needs to do to start trading.