A Can Do Approach: Forex Foot Fracture Fun

Well have spent some time over the Summer adding to the book. I kinda left events to unfold as I spent much of the summer with an ice pack on my foot. A couple of months later after having to wait to see a consultant, x-rays and MRI showed a fracture to one of my Sesamoid bones. So I couldn’t do much but wait! I decided to add to the book as there were areas I had left out which I wanted to amend. The trouble with being a Forex Trader is the market moves so quickly its difficult to add everything….especially recently! But what I have done is to write about the areas everyone should know to give you an understanding of how all the areas fit together including a really great, effective and yet simple strategy.

It has given me something constructive to do aswell as trading, working on the web site and setting up my trading club on Ecademy which I’m really enjoying : ) So the foot is still being a pain in the ass but have a boot brace to limit the use so it gets better – at least there is some improvement.

Its funny how things work out : ) I really want to be training again – I miss my training buddies at British Military Fitness! I also miss racing massively…have been working on that one too! I always like to think of how I can turn a setback into an advantage…believe me I have done it many times!! Its a challenge and you have to think out of the box and creatively but there’s nothing worse than feelin sorry for yourself. I guess I have a ‘can do’ approach!!

So managed to get lots done over the Summer and am lovin gettin to know you guys out there. Hopefully you can all hear about my racing progress too next year….!! 🙂

Stay cool and pop by to say hi anytime 🙂

Annabel

Professional Race Driver and Forex Trader

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FOREX Trading no more risky than running your OWN BUSINESS

This really follows on from my previous post about sponsorship being as risky as any other marketing, advertising or PR campaign. It made me think that when I mention to others that I actively trade the Forex market the first reaction is – ‘oh I could do that – its far too risky’. But isn’t running your own business risky? Isn’t taking out a 100% mortgage risky? But many people do – society sees it as, yes risky, but its acceptable.

I think maybe many people are not altogether seeing trading as the business it is….possibly see it as a bit of a game – or worse see and treat it as gambling. You can loose a lot of money that way – which is up to the individual but if trading the Forex is seen and treated as a business opportunity then this is a very powerful way to earn money for the rest of your life….well certianly for a very long time! Again its all about preparation, practise and learning how to do it the right way. There are now many tools available to everyone from books, ecourses – like this one software, software from your broker, lots of online tutorials, experts with help and advice, live data – mostly all the tools available to all the city traders!

Again using the reference to starting your online business – you would do the necessary research first to establish an understanding of the market and build your knowledge first before making decisions to market your brand and carry out an advertising campaign. Having spent your budget on advertising your product/service how do you know what returns you will see – well you don’t. You may have expectations but its a complete unknown. Again this can be seen with making trading decisions – know one knows what the market will do next – you make your decsions and see what happens. If you add in your expectations, wants and needs to the situation you can become emotional and not able to make clear decisions. OK so these will happen more often when trading but the key to successful trading is not to let your emotions affect your decision making when it comes to entering or exiting a trade. Do your research and write a clear trading plan – a business strategy if you like and then STICK TO IT. By doing this you will be practising good trading techniques – perfect practise makes perfect.

There are many get rich quick schemes or should I say scams. I don’t believe any of them – surely someone else must be making money from you. I don’t want that. The plan for me when I started trading is that I could work at home and be incharge of exactly how much money I made each day and what I could do to progress. I wanted to be in control and not a client or a boss and have the opportunity to progress and develop my understanding with a knowledge that this development would be reflected in monetary terms in the future. I see Forex trading as a fantastic home based, internet business opportunity with the added luxury of being able to work from home – ahhh no commuting….and something ANYONE can do – I’m not joking either.

For the short, medium and long term it is about financial freedom – not only from commuting but also as a solution to my continued underlying concern that design/architecture is the first to be cut from a company’s list of things to do when there is concern about the economy. Yes its true to say that there are many projects being build around the world which I would work on and I have the experience to probably have work whenever I want it but I have experienced a downturn in the market a few times before – and its not a nice situation to be in. The schemes I am inlvoved with start at around £150,000 – so quite a chunk of investment for any company. That was one of the reasons for the decision to do something else – something I could control and conduct business from home. Trading the Forex gives me exactly that as its such a vast global entity that it is relatively ‘safe’ to trade and fairly ‘predicatable’ once you know how!

Learn how to trade with one of the best Forex trading books – its GREAT!! Go to
www.tradeforexfromhome.com for more information….

Cool – happy trading 🙂

Annabel

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