Fusion 101: An example
I’ve decided to start the New Year off with an example of fusion.
There are many ways to learn something. The two most utilised are experiential and theoretical, doing it and reading about it. I greatly improved my results when I learnt to combine those two approaches and look for other ways to learn. As a general rule the more complicated something is the more essential reading, while experiential learning is faster for most simple tasks. Utilising multiple learning approaches is an important skill.
Art by Reed.
RTFM, but not for too long.
Most people know the phrase “read the f..ing manual”, or RTFM among geeks and those who are tired of helping others when they could so easily help themselves.
I recently begun currency trading, opting for an AUD:USD carry trade on the spot cash market. My approach was simple.
- Read about currency investing. Theory. Fold that in to my options, trading, futures and multitude other investing skills.
- Open a practice account. Trade in demo account. Experiential.
- Read more to confirm approach.
- Trade in real account. No point mucking around, nor is there a need to rush. I accelerated this step as I saw an excellent short term setup swelling up on a great long term trend.
- I start with a small amount of my investable assets. That way no real harm can be done. However, it is essential to get some real skin in the game.
So in this case the path was theoretical followed by practice, experiential, then more theory followed by real experience.
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