You read about the risk trading the Forex market every day. I talk to many successful traders and investors about the Forex market and it is mind blowing the fear this market produces amongst the conservative investors and daredevil attitude of the aggressive traders. Yes, it is a fact that 95% of traders lose money in Forex. I was taught that if you want a better answer then you have got to ask a better question and my question is why?
The answer is rather simple – most traders seek the path of least resistance and that will inevitably lead to failure. They failed because they didn’t take the time to gain a proper understanding and cheated their Forex Education!
Look, the market is neither for you nor against you. It makes profit opportunity equally available as the chance to take a loss. It will take money from you no matter your age, sex, experience or effort you put into your trading. The Forex market only rewards those who are correct and nothing else. It’s the old saying – work smart and not hard.
That leads to the next question; how can I be correct and smart? The answer is simple – through Forex Education. I have put together my Success Formula for trading the Forex market.
1. Strategy – it’s not a one size fits all world. Different strategies play to us based on our individual trading personalities. Understanding the rules and tools are critical when applying them to the market. This comes with time and experience. Don’t short change your learning curve. It will eventually lead you to profit.
2. Money Management – planning your risk will keep you in the game as you climb the learning curve as well as exploding your account once you’ve gained the experience and knowledge. Mastering this skill is not optional!
3. Self-Mastery - is having the discipline and emotional control to manage your strategy and money management plan. Knowing yourself will be skill that catapults you in to the elite 5%. It takes self-awareness training, accepting full responsibility for all of your trading actions and the ability to go beyond trading and finding your true personality. Talk to any successful trader and you will quickly see the control they exert not only in their trading, but in their lives in general.
Learning to trade Forex isn’t rocket science. Keeping things simple and working smarter will lead you to success in this market and the path forward can only b accomplished by investing in your Forex Education.
Happy Trading!!
mardi 10 juillet 2007
Forex Education Success Formula
You read about the risk trading the Forex market every day. I talk to many successful traders and investors about the Forex market and it is mind blowing the fear this market produces amongst the conservative investors and daredevil attitude of the aggressive traders. Yes, it is a fact that 95% of traders lose money in Forex. I was taught that if you want a better answer then you have got to ask a better question and my question is why?
The answer is rather simple – most traders seek the path of least resistance and that will inevitably lead to failure. They failed because they didn’t take the time to gain a proper understanding and cheated their Forex Education!
Look, the market is neither for you nor against you. It makes profit opportunity equally available as the chance to take a loss. It will take money from you no matter your age, sex, experience or effort you put into your trading. The Forex market only rewards those who are correct and nothing else. It’s the old saying – work smart and not hard.
That leads to the next question; how can I be correct and smart? The answer is simple – through Forex Education. I have put together my Success Formula for trading the Forex market.
1. Strategy – it’s not a one size fits all world. Different strategies play to us based on our individual trading personalities. Understanding the rules and tools are critical when applying them to the market. This comes with time and experience. Don’t short change your learning curve. It will eventually lead you to profit.
2. Money Management – planning your risk will keep you in the game as you climb the learning curve as well as exploding your account once you’ve gained the experience and knowledge. Mastering this skill is not optional!
3. Self-Mastery - is having the discipline and emotional control to manage your strategy and money management plan. Knowing yourself will be skill that catapults you in to the elite 5%. It takes self-awareness training, accepting full responsibility for all of your trading actions and the ability to go beyond trading and finding your true personality. Talk to any successful trader and you will quickly see the control they exert not only in their trading, but in their lives in general.
Learning to trade Forex isn’t rocket science. Keeping things simple and working smarter will lead you to success in this market and the path forward can only b accomplished by investing in your Forex Education.
Happy Trading!!
The answer is rather simple – most traders seek the path of least resistance and that will inevitably lead to failure. They failed because they didn’t take the time to gain a proper understanding and cheated their Forex Education!
Look, the market is neither for you nor against you. It makes profit opportunity equally available as the chance to take a loss. It will take money from you no matter your age, sex, experience or effort you put into your trading. The Forex market only rewards those who are correct and nothing else. It’s the old saying – work smart and not hard.
That leads to the next question; how can I be correct and smart? The answer is simple – through Forex Education. I have put together my Success Formula for trading the Forex market.
1. Strategy – it’s not a one size fits all world. Different strategies play to us based on our individual trading personalities. Understanding the rules and tools are critical when applying them to the market. This comes with time and experience. Don’t short change your learning curve. It will eventually lead you to profit.
2. Money Management – planning your risk will keep you in the game as you climb the learning curve as well as exploding your account once you’ve gained the experience and knowledge. Mastering this skill is not optional!
3. Self-Mastery - is having the discipline and emotional control to manage your strategy and money management plan. Knowing yourself will be skill that catapults you in to the elite 5%. It takes self-awareness training, accepting full responsibility for all of your trading actions and the ability to go beyond trading and finding your true personality. Talk to any successful trader and you will quickly see the control they exert not only in their trading, but in their lives in general.
Learning to trade Forex isn’t rocket science. Keeping things simple and working smarter will lead you to success in this market and the path forward can only b accomplished by investing in your Forex Education.
Happy Trading!!
lundi 9 juillet 2007
Cari Duit Dengan Forex
Sedar tak sedar hari ini adalah hari yang ke 430 hari aku trade forex dan aku masih disini. Ini adalah satu pencapaian peribadi yang baik buat diri aku kerana aku telah melihat ramai orang trade forex 2-3 bulan bungkus dan balik. Ini kerana forex market adalah tempat yang amat berbahaya kepada harta modal dan wang anda.
Diawal pembabitan aku dalam forex aku sedar, Forex adalah sesuatu yang amat sukar difahami. Kerana 95% orang yang trade forex akan bungkus dan balik dalam 6 bulan pertama. Didunia ini cuma 5% sahaja manusia yang berjaya hidup dengan forex. Persoalannya, dah tau bende alah ni susah kenapa kau pegi susah payah lagi belajar. Jawapannya, yang susah itu adalah satu cabaran buat diriku. Lebih susah lebih aku suka.
Dalam setahun ada 365 hari lebih kurang. Bermakna aku dah trade forex live selama 1 tahun 2 bulan dan 5 hari genap pada hari ini dalam sejarah. Permulaannya aku meletakkan tempoh 2 tahun untuk aku mencipta sistem trade aku sendiri. Nampaknya aku hampa. Tempoh 2 tahun itu tidak tercapai oleh aku. Kerana aku memerlukan 1 tahun 2 bulan saja untuk mencipta sistem forex trading aku sendiri.
Dalam Forex ada 2 jenis market secara am iaitu trending market dan ranging market. Kedua dua market ini memerlukan pendekatan yang berbeza dari segi trade. Kalau trending market kita akan trade mengikut trend dan sekiranya ranging market kita trade pada harga siling dan lantai. Persoalan bilakah market uptrend, downtrend atau ranging? dan sekiranya market ranging dimana siling dan dimana lantai?
Rasanya persoalan itu telah terjawab. Sebenarnya jawapan itu telah ada sejak aku mula trade forex cuma aku tidak perasan. Apapun hasilnya akan dipost disini mulai dari hari ini. Harapnya memuaskan hati.
Diawal pembabitan aku dalam forex aku sedar, Forex adalah sesuatu yang amat sukar difahami. Kerana 95% orang yang trade forex akan bungkus dan balik dalam 6 bulan pertama. Didunia ini cuma 5% sahaja manusia yang berjaya hidup dengan forex. Persoalannya, dah tau bende alah ni susah kenapa kau pegi susah payah lagi belajar. Jawapannya, yang susah itu adalah satu cabaran buat diriku. Lebih susah lebih aku suka.
Dalam setahun ada 365 hari lebih kurang. Bermakna aku dah trade forex live selama 1 tahun 2 bulan dan 5 hari genap pada hari ini dalam sejarah. Permulaannya aku meletakkan tempoh 2 tahun untuk aku mencipta sistem trade aku sendiri. Nampaknya aku hampa. Tempoh 2 tahun itu tidak tercapai oleh aku. Kerana aku memerlukan 1 tahun 2 bulan saja untuk mencipta sistem forex trading aku sendiri.
Dalam Forex ada 2 jenis market secara am iaitu trending market dan ranging market. Kedua dua market ini memerlukan pendekatan yang berbeza dari segi trade. Kalau trending market kita akan trade mengikut trend dan sekiranya ranging market kita trade pada harga siling dan lantai. Persoalan bilakah market uptrend, downtrend atau ranging? dan sekiranya market ranging dimana siling dan dimana lantai?
Rasanya persoalan itu telah terjawab. Sebenarnya jawapan itu telah ada sejak aku mula trade forex cuma aku tidak perasan. Apapun hasilnya akan dipost disini mulai dari hari ini. Harapnya memuaskan hati.
dimanche 8 juillet 2007
Forex Education - No Pain, No Gain
Forex trading breakthroughs have a lot to do with your ability to get comfortable with being uncomfortable. Success usually comes from staying in the here and now, as well as accepting the fact that the market literally can do anything at anytime.
Many of your actions now may seem frustrating - such as designing a trading plan, sticking to just a few currency pairs, learning the intricacies of a strategy. It can seem downright overwhelming too. Just remember that each step you take in the process is adding value to your eventual trading success.
Why is it that so many people are always seeking the easy way out? I guarantee the amount of time searching will be less than just digging in and climbing that learning curve as fast as possible. Just imagine where you're going to be a year from now with a little bit of effort and determination!
Here are some thoughts to get you through that learning curve at lightning speed:
1. Hard Work Now Will Pay Off Later
All the work you do now mastering the process of trading through Forex education will pay off. Will it pay off today or tomorrow? Probably not, however, the small things done consistently in the right places will pay huge dividends later.
2. Every Experience Is A Lesson
Learn from both your mistakes and your success equally. As the question - what lesson am I meant to learn from this and journal it!
3. Focus On The Positive
Losing is a part of trading. Except it and keep your self-talk 100% positive. You will find that at the end of your Forex Journey you were your own worst enemy.
4. Choose The Difficult Action Over The Easy
Doing this will make you a stronger person, not just as a trader. You will find that your characteristics follow you in trading. When you grow as a person you will enhance your ability as a trader. Ask yourself - what action would a profitable trader take and then do it!
Remember this when you get frustrated by learning a new trading technique or in transitioning from demo to live trading -- if you are uncomfortable you're growing as a trader -- and take comfort in being uncomfortable.
Happy Trading!!
Many of your actions now may seem frustrating - such as designing a trading plan, sticking to just a few currency pairs, learning the intricacies of a strategy. It can seem downright overwhelming too. Just remember that each step you take in the process is adding value to your eventual trading success.
Why is it that so many people are always seeking the easy way out? I guarantee the amount of time searching will be less than just digging in and climbing that learning curve as fast as possible. Just imagine where you're going to be a year from now with a little bit of effort and determination!
Here are some thoughts to get you through that learning curve at lightning speed:
1. Hard Work Now Will Pay Off Later
All the work you do now mastering the process of trading through Forex education will pay off. Will it pay off today or tomorrow? Probably not, however, the small things done consistently in the right places will pay huge dividends later.
2. Every Experience Is A Lesson
Learn from both your mistakes and your success equally. As the question - what lesson am I meant to learn from this and journal it!
3. Focus On The Positive
Losing is a part of trading. Except it and keep your self-talk 100% positive. You will find that at the end of your Forex Journey you were your own worst enemy.
4. Choose The Difficult Action Over The Easy
Doing this will make you a stronger person, not just as a trader. You will find that your characteristics follow you in trading. When you grow as a person you will enhance your ability as a trader. Ask yourself - what action would a profitable trader take and then do it!
Remember this when you get frustrated by learning a new trading technique or in transitioning from demo to live trading -- if you are uncomfortable you're growing as a trader -- and take comfort in being uncomfortable.
Happy Trading!!
Forex Education - No Pain, No Gain
Forex trading breakthroughs have a lot to do with your ability to get comfortable with being uncomfortable. Success usually comes from staying in the here and now, as well as accepting the fact that the market literally can do anything at anytime.
Many of your actions now may seem frustrating - such as designing a trading plan, sticking to just a few currency pairs, learning the intricacies of a strategy. It can seem downright overwhelming too. Just remember that each step you take in the process is adding value to your eventual trading success.
Why is it that so many people are always seeking the easy way out? I guarantee the amount of time searching will be less than just digging in and climbing that learning curve as fast as possible. Just imagine where you're going to be a year from now with a little bit of effort and determination!
Here are some thoughts to get you through that learning curve at lightning speed:
1. Hard Work Now Will Pay Off Later
All the work you do now mastering the process of trading through Forex education will pay off. Will it pay off today or tomorrow? Probably not, however, the small things done consistently in the right places will pay huge dividends later.
2. Every Experience Is A Lesson
Learn from both your mistakes and your success equally. As the question - what lesson am I meant to learn from this and journal it!
3. Focus On The Positive
Losing is a part of trading. Except it and keep your self-talk 100% positive. You will find that at the end of your Forex Journey you were your own worst enemy.
4. Choose The Difficult Action Over The Easy
Doing this will make you a stronger person, not just as a trader. You will find that your characteristics follow you in trading. When you grow as a person you will enhance your ability as a trader. Ask yourself - what action would a profitable trader take and then do it!
Remember this when you get frustrated by learning a new trading technique or in transitioning from demo to live trading -- if you are uncomfortable you're growing as a trader -- and take comfort in being uncomfortable.
Happy Trading!!
Many of your actions now may seem frustrating - such as designing a trading plan, sticking to just a few currency pairs, learning the intricacies of a strategy. It can seem downright overwhelming too. Just remember that each step you take in the process is adding value to your eventual trading success.
Why is it that so many people are always seeking the easy way out? I guarantee the amount of time searching will be less than just digging in and climbing that learning curve as fast as possible. Just imagine where you're going to be a year from now with a little bit of effort and determination!
Here are some thoughts to get you through that learning curve at lightning speed:
1. Hard Work Now Will Pay Off Later
All the work you do now mastering the process of trading through Forex education will pay off. Will it pay off today or tomorrow? Probably not, however, the small things done consistently in the right places will pay huge dividends later.
2. Every Experience Is A Lesson
Learn from both your mistakes and your success equally. As the question - what lesson am I meant to learn from this and journal it!
3. Focus On The Positive
Losing is a part of trading. Except it and keep your self-talk 100% positive. You will find that at the end of your Forex Journey you were your own worst enemy.
4. Choose The Difficult Action Over The Easy
Doing this will make you a stronger person, not just as a trader. You will find that your characteristics follow you in trading. When you grow as a person you will enhance your ability as a trader. Ask yourself - what action would a profitable trader take and then do it!
Remember this when you get frustrated by learning a new trading technique or in transitioning from demo to live trading -- if you are uncomfortable you're growing as a trader -- and take comfort in being uncomfortable.
Happy Trading!!
jeudi 5 juillet 2007
Free Forex Signal 6 Julai 2007
Short Aud/Usd @ 0.8575 or better
SL : 0.8606
Target : 0.8525 and more
Long Usd/Chf @ 1.2146 or better
SL: 1.2105
Target: 1.2210 and more.
If the trade goes well and the 1st target is broken, follow through with trailing SL. Trade at your own risk.
SL : 0.8606
Target : 0.8525 and more
Long Usd/Chf @ 1.2146 or better
SL: 1.2105
Target: 1.2210 and more.
If the trade goes well and the 1st target is broken, follow through with trailing SL. Trade at your own risk.
dimanche 1 juillet 2007
Trade Review 2 July 2007
Last week was a good one. eventhough none of my target hit but my trailing stop loss put me in good profit + some position closed earlier. For this week trade:
Possible trade: (These are early signal with no confirmation yet)
1. short gbp/usd @ 2.0086.
2. short usd/jpy @ 123.42
today and tomorrow im not going to trade since going outstation. Just watch for the 2 trade above.
Possible trade: (These are early signal with no confirmation yet)
1. short gbp/usd @ 2.0086.
2. short usd/jpy @ 123.42
today and tomorrow im not going to trade since going outstation. Just watch for the 2 trade above.
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