I started a couple years ago looking into investing in the stock market. My wife and I took a Saturday class from a national stock investing training company in one of the conference rooms of a local hotel. I was fascinated, to say the least. Unfortunately for me, I could not afford to go for the advanced training they offered. I thought, oh well, I can take what they gave me and at the very least, I am an educated consumer. I stayed in there, watching, sometimes dabbling, in the play account. I have not been regular enough to reach that suggested milestone of 'doubling your investment' before going "live" with real money.
Late last year, I don't even remember how I found it, I came across a free guide to Forex. I had always looked at Forex in the same light as Penny Stocks. Penny-ante would be a good description for how I looked at them. I read the info and was immediately smacked upside the head.
I would never have believed how wrong I had been. I found the first 2 facts about Forex to be eye-opening and very possibly, life changing. Did you know the Forex market accounts for GLOBAL maketing in the BILLIONs of dollars? Did you know the Forex market only closes for about 48 hours each week? I didn't.
Then I started to learn more and more. Like, I could create a practice account with a Broker. That broker takes the first 3-4 pips for allowing me to place an order. I look back at that and realized that I had to learn a whole new language. I mean, who, on their first look into the world of Forex knows what a 'pip' is? I think the third thing I learned was something I should have known or gotten during my stock market training. I finally got a handle on what it means when you say long or short trades. I am constantly amazed by just how simple the Forex market is, yet how powerful and lucrative.
I decided to share my experiences with anyone who wants to come along with me for the ride in what I am learning and, I have high hopes, how I go from dabbling to making money as a hobby in this market.
I welcome your feedback, and look forward to sharing many tips, strategies, and stories of my journey from green newbie to successful or at least part time trader in the Forex market.