Hi from Alex in France

[AlexH]

Hi All,

I've spent a lot of time reading this site, the ebook and video course and I have to say I am very impressed and grateful for the knowledge that is shared here by NickB and all the forum members, I have rapidly learnt that everyone trading in Forex is not so honest so this place is quite refreshing! So really thanks for that!

So a bit about me, my name's Alex, I am a stay at home mom living in France but I'm english.

I have a job to go back to, but I am not keen to go so I have been looking at other ways of making a living from home, and then scouring the net I came across Forex a few weeks ago and I am now trying to figure it all out. NickB's story of how he started certainly has given me hope, so I am going to make it work for us too.

Even after some weeks now candle patterns were a mystery to me, then I watched the video course and suddenly things become clear. I like this simple approach and it seems to work though I haven't yet put it to the test.

I've made a few mistakes with real money, but whilst I lost a small amount, the education it gave me was priceless. So mildly annoying but I am not put off. Now I am searching for a half decent broker GFT seems to fit the bill.

So here's the plan...I am beginning small £200, and adding £100 each month for maybe 6 months while I am practicing and then once I am consistently winning more trades than I lose my husband is going to give me £2K savings for me to work with probably in two lots, but ONLY when I have figured it out AND am 100% satisfied that I will be extract my account balance from the broker as and when required. Sounds possible?

I'll be trading purely according to the NickB method as I am nowhere near experienced enough to mix and match.

I am setting aside a month just to study charts, and work things out, play with a demo account, practicing with placing the lines and some backtesting. I can't go live just yet as I am still assimilating the knowledge.

Sorry folks, I've rambled on a bit. So back to my candles...

Thanks everyone, really enjoying the forum and learning so much lurking in the chatroom :-)

Cheers,
Alex

[Synapse]

Bonsoir Alex,

It's great to see you in the forums. Your plan sounds great and well defined. You say you've been lurking in the chatroom? Don't be shy, ask questions if you have any. A lot of people there, including myself, that are willing to answer just about any question for you.

You have it right though, a lot of corrupt people related to the forex market, naturally it can make the learning process harder. Don't ever sway to the side of paying for services or guarantees related to the forex market. Take the time to learn the basics and a simple way to earn pips like Nick provides for everyone, and you will do just fine.

Anyways good to see you here,

Good Luck and Happy Trading!

Zack P

[rogan]

Hi and welcome Alex,

Syn pretty much said it all. Hope to see you in the chatroom sometime.

Good luck !!

[dwrights]

Good luck Alex. Your plan sounds very thorough and methodical. I think you will do well.

Cheers,

David.

[AlexH]

Hi Zack, Rogan & David!

Thanks for the welcome. I am really enjoying the forum it is a rare find. I am sure I will take part in the chat room but just for the moment I am trying to just keep up, it's a whole new language for me!

Luckily I haven't parted with money for automated systems etc, in fact I lost mine doing stupid gambling and by using a disreputable broker, but lessons learnt and then I found Nicks site and baby pips, so I have a lot to work with now. In fact the only thing I have purchased was Nick's video course and WOW what a revelation that was, like gold dust. Totally demystifies forex and give a feeling that with some application it is more than possible. I learnt more in an hour watching the vids than I have done in a month looking elsewhere and it saved me a wad on a bunch of books I was about to buy.

Anyway, thanks again guys.

:-)

[oharas]

Hello Alex!!! It sounds great to be somebody here from France and form England, I mean you can help us to get more deeply information about EUR or GPY or other currency. I know everyone can get that form the web, but is better when you can get from somebody very close to those countries. Welcome

[AlexH]

Hi Oharas,

Well living in france but being paid in sterling we do certainly experience the currency market at the sharp end!

When we moved here in 2006 we were getting 1.4 to 1.48 ish a bad exchange would have been 1.38.

Just yesterday I bought £5K of euros at 1.21 you can see very easily how that impacts on our € spending power over here which effectively means my husband has had a 20% pay cut if I've got my maths right.

We used to reckon on 1.5 when doing a rough estimate, now we just do pounds for euros...

Nevertheless I still wouldn't go back :-)

Cheers,
Alex