Hi from Manchester!

Just short little post to say Hi from Manchester! Finally met up face to face with my little niece for the first time since she was born a few months back.

How is everyone doing with the lessons from babypips? Do update me.

You know, seeing the innocence and joy of my niece makes me think about life. We are born, raised up, go to school, get a job, get married (some of us), grow old and finally die. Along the way, so much of our freedom is lost and never gained back for many as we are told by society to go to school, study hard, get good grades, get a job etc.

While there are a few lucky ones who love their jobs and have the nice pay to go with it, many I have spoken to do not have this luxury and freedom. I'm sure many of you would had many conversations with people complaining about their jobs (demanding clients, @sshole bosses, long hours, low pay etc). In fact, you may be even one of them. Even some of them who have amazing pay packages do not have the freedom to choose when to work and when not to work as they know that when they stop work, the amazing pay packages stop as well.

So my question of the day to you is simply this. What have you done to gain both your financial freedom and to regain your freedom of time?

As usual, thoughts and comments appreciated. Meanwhile here are some pics I took.

 

Til then,

-Leo

Forex 101: Learning the Talk

PRELUDE: As some of you guys have already know, I'll be away to Europe for 3 weeks. May not have as much time to post then but you can still keep those questions coming in and I will post up the answers when I can.

Ok...the post some of you people have been waiting for. Before we can proceed further, we need to be speaking the same forex lingo. Basically when I mention terms like Moving Averages, London Open, margin calls etc, you will need to know what I mean.

It's gonna take me ages to come up with a good curricular for Forex 101 so I'm gonna leverage on other people's good work and direct you to somewhere else where they have a pretty good beginner's guide to forex trading.

The site I am recommending is babypips. Now before you click on the link, do finish reading this post so I share with you how to optimize your learning experience:

1. Just focus on the 'school' section of the site. Go through from Pre-School to College. DON'T READ ANYWHERE ELSE for now.

2. Take the tests at the end of each section. If you fail, do it ALL OVER AGAIN!


3. Take your time to master the sections. Remember Success is NOT OVERNIGHT. Some people may take longer, some people can catch it faster. It's alright to be either one as long as you put in the effort to master it.

4. Once you pass ALL the tests, REPEAT ALL the above steps TWICE.


5. Lastly, have a notepad ready by your side and JOT down any questions you might have. Post them to me and I will try my very best to answer them.

Do take note however, that while www.babypips.com/school is an amazing resource to learn the Forex lingo, please remember that going through all these lessons are almost the equivalent of learning tourist speak, it's a good basic but will not qualify you as a master debater.

I guess that should be enough homework to keep you guys busy for the 3 weeks I am away.

Happy Learning!

-Leo