How Simulated Forex Trading Can Improve Your Trading

Have you wondered how you can get better at trading faster? I think that simulated forex trading is one of the best methods and I will use a sports analogy to explain why. Even if you did not play sports, there is probably something you did or didn’t do in your life that relates to the brief story I will tell.

One of the most important things in improving in anything is gaining confidence, in particular gaining confidence under fire. Many of the people who read this website know that I grew up playing sports. When I was born, my dad was a coach and he loved basketball. I grew to love the sport as well and began playing at a very young age.

What does this have to do with Forex trading? Well, on the first day of summer and older friend and graduating senior stopped by my house where I was practicing and in 30 minutes showed me the fundamentals of a good jump shot. At that point I had been wondering how to shoot and what to practice all summer and how. The 30 minutes he spent with me, changed my life in terms of basketball. I began to shoot jump shots everyday and recorded them in a spiral notebook. I shot 1000 jump shots 6 days a week during the summer and more on Sunday when my mom let me.

I figured my friends may have shot a total of 200 practice shots in the summer. Most kids don’t really spend their time practicing a sport. But maybe, there was one player that might have spent enough time on the court to shoot 1000 shots for the summer. I was shooting 1000 plus 500 free throws 6 days a week, 6 times more than he was.

With about 3 months of summer that was about 10 weeks or 60 days or 60,000 shots. I was taking more practice shots in one summer than some high school players took during a whole career of games and practice. This practice put me much further ahead in terms of “practice years” of the other players and I ended up leading the league part of the next season in per game scoring average.

You can do the same thing with Forex. There are simulated Forex trading programs that you can purchase for a small amount of money, load in real data, and practice your technique.

If you are looking for a way to improve your trading, try a Forex trading simulator. I think you will see yourself gaining confidence and improving your bottom line if you do.

Computer Hardware and Simulation Gaming for Aviation Safety Considered

Modern day computer hardware is getting quite robust, and there is about 10 times the computing power in a smart phone as was used to fly the first Space Shuttle, maybe more. Still, when it comes to operating today’s aircraft simulators the computer hardware is intense, and these simulators can cost a ton of money. Because they cost so much the time to use them becomes very valuable, therefore most airlines only use them as required to check out their pilots, or train them for certification on the next aircraft that pilot needs to fly so he or she can get their type rating and satisfactorily prove they are safe.

The other day, I was speaking with an expert in computer online gaming communities, Troy Laclaire, about the use of simulators in aviation, and how great these tools were for complying with safety standards and preventing mistakes in the real world, carrying real passengers, when it really mattered most. One question we pondered was should airline pilots, commercial pilots, charter pilots, and fractional jet pilots be required to fly with another pilot to an airport first prior to going there as the pilot in command for the first time.

If such an onerous rule were to be made by the FAA, what about simulators, couldn’t a pilot merely fly the last 5-10 minutes on approach and take-off to each airport that the airline generally went too? Maybe, but in the case of a charter jet, that might mean they’d spend 100s of hours in a simulator and that costs a lot of money right? Okay so is there a solution to all this? Troy has come up with one potential solution, so lets’ talk about this shall we. First, Troy notes:

The only problem with this is that simulators are not exactly cheap to run and each simulation takes a fair amount of time, and far as I understand simulators are mostly used to get pilots comfortable with flying a particular plane type. However, since the pilots are generally already familiar with flying their planes (at least I should hope so) and nearly everyone has computers these days, it is possible that you could have a DVD series created to cover the routes, based around actual flights, and then have the pilots use their computers to run these so that they can get some familiarity with the airports.

Now then, this is a good idea, and it makes sense, a perfect solution, plus it also stands to reason that a gaming expert would come up with this concept. Okay so, Troy also suggests that we “provide the pilots with a take home DVD, basic flight-sim gaming controls, and they can use these to get some muscle memory.” This too makes sense, keeping it simple, and perfect for a last-minute booking for a fractional jet, or charter flight, as the pilot can merely practice a couple of ILS approaches, missed approach, take-off, and navigating the taxi ways, etc.

Troy, being a computer hardware engineer, and quite the prudent safety advisor also states; “Alternatively, have a “pilots room” setup where a pilot can run through a video/basic simulator of a previous flight that has already flown that route, letting them get a rough idea of what to expect when going to an airport they are not yet familiar with.”

Okay so that’s pretty easy, it can be set up in the break room of the local Jet Center, or at an FBO etc. Perhaps, for $10-20 they can shoot a couple of landings at the desired future airport that they will be flying too? Perhaps, it might also be available to ALL general aviation pilots, the DVDs and a flight simulator room at the local FBO, etc. May as well keep the system busy and paying for itself, perhaps it might also spit out certificates of completion and aviation insurance companies may consider lowering rates too? Indeed, I hope you will consider all this and think on it.

Flying The Skies With Flight Simulation Games

I’ve never taken flight lessons. I’ll never become a real pilot. Yet from the comfort of my couch, I’m able to fly through the blue skies, pulling up the throttle and making loops. Flight simulation games are a great way to learn to fly a plane, whether you are doing it for sheer enjoyment or because it’s something that you’re looking at doing for a living.

Playstation, Xbox and Nintendo all manufacture flight simulation games. Some even have special controllers, just like the steering wheels for racing games. It’s a very realistic feel, especially when there’s a large scale television to stare into, allowing me more room to soar through the sky and learn to stick my landing. Many of the games allow me to choose the kind of plane that I want to pilot for the day. I’ll be able to fly WWII fighter jets, Cessnas, floatplanes, and even an Airbus.

Some of the games allow a better feel of actually piloting a plane whereas others focus on simply flying. I prefer the ones where I can feel like I’m sitting in the cockpit with full access of the controls.

No matter the plane, I’ll be able to pick from a variety of backgrounds and scenarios to fly into. I can fly over Germany, France, New York or simply a blue sky. I can fly in rain or shine, or into enemy fire. There’s a flight simulation game for everyone. I like to change it up a little bit. I can take my aggression out on the Germans in a WWII simulation game and tease my flights of fantasy by flying into outer space and checking out other galaxies.

Flight simulation games have gained in popularity. They were originally designed for flight schools to allow students to learn the basics in flight before going up in a real plane where the ability to crash was a lot more real. As a result of flight schools wanting to make a strong learning platform, I’ve got a great game to play whenever I want. And best of all, I don’t have to pay for jet fuel!

There are a variety of flight simulation games on the market, all allowing me to play a little different. I can fly for the sake of flying. I can learn how to do barrel rolls and other aerobatics. Or I can fly combat style, shooting enemy planes while maneuvering my plane through open fire. All of these are great ways of entertaining myself, but it may provide for a practical application one day. You never know – I could be on a plane and the pilot may be injured. With my expertise on the video game console, I may be able to pilot a real plane in a crisis situation!