The Financial Edge Part 2

So I got a ton of information at this seminar. I learned about stocks, options, foreign exchange, mortgages, and more Forex. Which is what I wanted to learn about to begin with. OK, so here is some new stuff I picked up that I did not know. In Forex the pip is the smallest unit of currency. A one cent move = 100 pips. A lot usually has 100 - 1 leverage. A standard lot is worth 1,000 dollars or $10 a pip. A mini lot is worth $100 or $1 a pip. There are also mini/mini lots, but I won't get into those. The dollar is the benchmark in the foreign exchange market and currencies are traded in pairs. Pretty basic stuff, but I didn't know about it. I've been practice trading on forex.com, but still don't have a clue to what I am doing, well maybe a little. Anyway The Financial Edge gave us a ton of info in a short period of time, but the classes were well worth it. The idea behind the short seminars is to pound you full of information, leaving you wanting to learn more and getting you to go to more seminars which cost an arm and a leg. I personally can't afford them, so I will stick to trying to learn forex on my own or from reading some books. All in all I enjoyed the seminar and can't say anything bad about it.

Tags: Seminars, forex

The Financial Edge

Well I am currently going to another seminar. This one is for 3 days and is run by John Hyland of The Financial Edge. Today was mostly an overview of what we will be learning: Real Estate, Stocks, Forex, Options, and more Real Estate. I got invited by a friend and they are also giving away Metastock software and some Real Estate software for free. So I figured why not, learn something and get something for free. Win, Win situation. Turns out I am actually picking up a lot. John Hyland is a very good speaker and motivator. He says the keys to success are:

1) Own and operate your own business
2) Residual Income
3) Multiple sources of Income
4) Asset Protection

He also told us that 82% of people who try something new will succeed at what ever they do. So far I am enjoying the class, but really want to work with the software. Tomorrow we will talk about stocks and options, so that should be very interesting. I will post some of the things that I learn tomorrow.

Tags: seminars, education, stocks

Get Motivated Seminar Coming Back

Well not exactly to town, but it is coming to El Paso, TX and seeing that I have never been to El Paso, I figured why not go again. This time I am getting my mentor to go with me and a couple of friends and family. They have some pretty good speakers this time, all but three are different from the last time I saw them; Phil Town, Zig Ziglar, and Tom Hopkins. Some of the new speakers are Amy Jones, Bill Bartman, and Ruben Gonzalez. The main reason I am going is to see Phil Town, since I am following his investing advice, but I really also like Zig Ziglar, and am very interested in seeing what the other speakers have to say. So even if I only pick up a couple of new tips or ideas, I thing the 8 hr trip will be worth it.