Kyle Manning

Life Credits in Education

If you found this site because you were looking for how to score credits in college for life experience, you came to the wrong place.

I’m sitting here in my house trading *again*.

… because I love it.

Many of you know that I’m a teacher.  I teach English in Japan.  The topic of trading Forex comes up alot….mainly because I like talking about it.

A typical response I get is that trading currency and stocks is ….. well….. dangerous.

My response…..    “and….?”

I find it so amusing that people can be so brainwashed into thinking that certain things are certain ways but other things are not.

Ok…..I lost you on that last statement.  I almost lost myself…so don’t worry.

To help clarify what I mean, here’s a typical response I usually give my students.

“Yes, trading stocks and currency is dangerous because as you’ve stated…..you can lose a lot of money as well as make a lot of money.  But, knowing when to buy and sell is unknown.”

In addition to the previous response I add….

“But, when you get in your car and drive down the street….is it now dangerous?  NO?  Would you let your 16 year old child get behind the wheel then?  NO?  But, I’ve been driving a car since I was 16, why not your child?  OH….because you feel like it’s dangerous for them?  Hmmm….why then do you not feel like it’s dangerous for you to get behind the wheel then?  Aha!….because you have been to school….studied and have experience at driving. ”

I agree that it is true that driving a car and trading in the financial markets is not exactly the same.  Actually, I think that driving a car is more dangerous than trading in the financial market place.

You see, I can walk out of my house and get hit by a car.  Most people would say that I’m being absurd and that it has nothing to do with the topic.  I disagree.  It’s about experience.  Again, you wouldn’t let your toddler  or maybe even 3 or 4 year old just run out of the house without your supervision, right?  Because they don’t have experience and the maturity to deal with that situation in such a manner that they won’t get hurt and if they do, will they be able to brush themselves off and continue on?

In conclusion… No matter what we do in life, job, hobbies or otherwise, we must study those topics.  You studied to drive a car.  You studied in college to get a job.  You must study the financial markets to be proficient at trading.  And when you fail, you must get back up and brush yourself off and continue on.

A Few Days into Forex Trading

Well, this is about my third day trading with real money.  so far, I’ve done pretty good.

But, It’s very exciting and a nail biting experience as I watch the prices go up and down.  I consider myself to be a pretty good trader, but I still worry.

I’m sitting here watching the USD/JPY stocks fluctuate.   I have options to go both ways…. up and down.  I also have at the moment a regular short trade.  I’ll let you know tomorrow how it went.

My First Forex Trading Day With Real Money

Wow, today was such a great day for me.  A couple of months ago I began looking into forex trading.

As I got more and more excited, I equally got more and more frustrated by the number of brokers and foul play that I’ve discovered.

Even more difficult was finding a broker here in Japan.  But, I did.

And Yesterday was my first trading day.  Today I reaped the profits.

Because I live in Japan, I had to go to one bank to withdraw some money, then go to a different bank to deposit some money into a third bank which was the account for my broker.

I deposited 20,000 yen which is equivalent to about $200/US.

today about mid day, my balance was up to 33,000 yen which again is about $330/US.

So, needless to say again, but I will, …..I’m very excited.

Long Time No See — First Blog Entry

Ok, I have finally revived my old website.  No, it doesn’t have all the old blog entries and what not…..but at least it is back up and running.  YES !!

So, this is technically my first blog entry.  Please enjoy.