The Knowledge to Action weekly webinars are hosted by a professional Forex trader and firstly covers the week coming up in the Forex world including any major events on the Forex calendar. Then once the week highlights are covered the main topic is presented.
There seems to be a select group of people that think paying someone to learn the basics of something, especially something as serious as Forex trading is all they need to become a success. Whats worst however is that they will complain to anyone who will listen. These people, in my opinion, are to be ignored. They give you the wrong impression about the course/business.
And perhaps we can ultimately conclude that many of us “play” the market as a proxy for life risks too great to take, for the speculative excitement our lives don’t contain.
The last day of the course focuses on more strategies such as the “60 Minute High Test”, “Morning Cable Break” and “Snake Up/Down”. We also did a heap of work on Fibonacci. I am not sure yet if I want to use “fib” right now as for me it seems to add noise to the charts but I know a few of the K2A traders use fib.
Its lunch on day 3 of the Knowledge to Action Master Trader course and in the morning Rik mentioned that currently there is over 2000 pips of profit on the table if the Income Generator was applied to a few Euro crosses.
Rik also pointed out that he and the other K2A professional traders do not sit in front of the screens 8 hours a day trading. In fact most do not place trades every day but they still reach their targets!
The first day of the Knowledge to Action Master Trader course was better than I expected. It was not the official course material which produced the “awesome” but the course trainer’s wealth of information he passed onto us!
Forex trading has shown me in less than 3 months how I really look at things, how I relate to discipline, how relate to others, what drives me, how I act when things don’t go my way, what my tolerance to stress is and how I can handle being within an environment where there are no rules.
There is nothing worst for me than entering into a trade only to see it head the other way I expected. But I have found something worst! Its sitting in that trade with the blind expectation that it might turn around and only to see the trade run even more faster the other way!
Late last night I placed an Income Generator trade on NZD/USD short and by lunch time today I had made around $50.00 USD profit in my Micro trading account.
I am currently half-way through “Trading in the Zone” authored by Mark Douglas and have decided (as a newbie) that this is the most important book on Forex trading I will read in a long time.
I for one have been focusing on sorting out my thoughts and my attitude towards trading. You hear and read it everywhere – all the horror stories of people losing their life savings on the share market.
