Learning and Earning by Doing

It has been two weeks since I decided to learn foreing exchange business to understand the realm deeper. By the fifteenth of April, I saw an advertisement in my Yahoo! Mail page. Curiousity took over my mind and I ended up signing in this account. I was half-hearted back then. I was afraid that it was a fraud to take my money. Yeah, cybercrime. Yet again, I believed Yahoo! wouldn't grant any untrusted source to make advertisement in their page.

Five minutes later, I still hadn't finish my deduction, but an international call came in to my phone. I was shocked, so I ignored it. I bet it was a call from the forex company. Then when it came in again about ten minutes later, I decided to pick it up. I was right! It was a call from the company. After half an hour of talking, I decided to have it a try. I deposited US$ 100 to my account, and the game was just began!

I was so excited, so I opened a position. After several minutes, I lost US$ 20. Perfect! However, I managed to gain US$ 41, made a a net profit of US$ 21. Wow.... A beginner's luck, maybe. Along the time, I've made profits and losses inconsistently. But that's the point of learning and earning by doing, isn't it?

Since then, I received at least two emails about strategy and economic information from them. It made me easier to know what was going on in the market and thus what position to be opened. And the best thing about that was they also conducted webinars -- a web-based seminars. I hadn't have any idea what was that about. And the tricky thing was I had to adjust AEDT (Australian Eastern Day Time) with GMT (Greenwich Mean Time), which was claimed +10 hours, but when I synchronized it with the forex platform, it was +9 hours. The schedule was 7PM GMT, which was 4AM AEDT. So if I followed the formal GMT, I would've been too late to join the first webinar. Well, it happened to one of the attendant.

They used Adobe Acrobat Connect Pro to perform the webinar, so the moderator interacted through audio-visual and chat mode. Moreover, he also could control slides and examples and showed them in the middle of the screen. It was very interactive. We only could comment or ask any question through chat mode, but that was more than enough to make any point. Before attending the webinar, I had never imagined that I could join a web-based seminar while the moderator was on the other side of the world and he responded to me directly. It was kinda funny because we used different mode -- I asked and commented through chat mode, while he responded audio-visually -- and yet, it was so unimaginable.

Now, I've already mastered the way to use platform, but I am still struggling to find out on how to read the trends of the market whether they are going to rise or fall. One of the main difference between speculating with foreign currency and stock is we could make money when the currency rise or fall, whereas in the stock, only some people could profit by the fall of the price (the method is known short-selling). I've been spending a lot of time in front of my laptop just to monitor my profits and losses, and it is becoming my habit. But so far, I've been enjoying it. I'm looking forward to master the way to read the trends and make some money through it.