12/12/2013: Second Day of Forex Training. Dinner at Greg's House

Today was yet another busy day  I started out this morning with my second Forex Trading class.  The first half of the day was spent on going over 3 additional starting strategies.  We were given 2 longer term strategies and 2 shorter term strategies.  The idea is to play with them and see which trading style resonates best with us and which we are most comfortable with.  We then broke for lunch.

After lunch we dove into risk management.  Risk management is key.  I have never used any kind of risk management while dabbling in the Forex.  I guess that is why I managed to blow me entire trading account several times.  I have learned the importance of risk management.  With proper risk management, you can actually have more losing trades than winning trades and still make a profit.  It is all about controlled risk and paying careful attention to your Risk to Reward ratios.  We will never risk more than 1% of our account on any given trade.

After the afternoon break, we reviewed the trading platform and charting package.  We are using eSignal for our data provider.  We then delved a little more into trading psychology.  Again, this is key!  They finished up with a quick review of all the topics covered, highlighting the key points.

We broke about 6:00 PM and I headed to the car to head to Greg's for dinner.

There was quite a bit of traffic, so I got to Greg's about 7PM..  I felt bad because they had been holding dinner for me.  I got to meet Jai, who is Greg's marketing director for Learn to Trade.  He was in from the Australia office. 

Greg had told him all about the project.  Jai was reviewing the makingofamillionaire website I created.  I told him it was fairly primitive, but was more for sharing information.  They clicked on the link to my You Tube channel and watched the video I had uploaded last night, on Greg's confidence exercise.  Greg loved it.  IHe said I had a great camera presence.  He gave me a high five and I smiled.

He asked Jai if he could help me out as he knows I want to build a following for the project and help as any people as I can.  Jai said he would help design a new website and give me some direction on marketing it.  Another great perk from working with Greg.

We had a nice leisurely dinner and we all shared a nice bottle of wine from Greg's wine cellar.  When we finished dinner we were just chatting.  Then Greg started to do some magic tricks.  He did this 3 card Monty trick that just blew Jai and I away.  Greg is truly a man of may talents.

I headed back to the hotel about 9PM so Greg and Jai could conduct the business they needed to get to.  Again, another AWESOME day in the UK!

Here's to your success!

Bill McManus