Monday, August 3, 2009

Forex life - What a good spread!!!


I am having my good DVD movie time at home on the Sunday afternoon. Thinking better to stay at home since out there is not a good day to go out after the ISA protest, and the traffic is really bad all over town. Then suddenly my phone's sms ring tone keep making noise. As I check my sms, it's from a good friend of mine and the sms is in mandarin and with a link to another blog page attach. Well, I am a dummy when come to reading any mandarin words. Thank god my wife is mandarin educated. As she read the sms, with a quick response, she quickly rush me to turn on the blog link that attached to watch the video about "you know who". We watch and watch for few times, it really am disturb us watching those officer abusing their power. But after read the writeup in the content only we reliase that it's not the person that mentioned in the sms. In just few mins time, my in law from penang called. Patric, she said...quick turn on that blog to watch!!. My reaction will be " WOW"!! it reach that far already huh. Then surprisingly, another sms ring tone along with a phone called from another good buddies, wow!!...the same topic again. Just imagine, just in 1 day alone the news had been spread all over the place with such a speed. This is to tell us the our nation do really care and the nation are looking for a better change to humanity rights in the country we are living in.

Forex Tips - Strategy ??? or Money???


What actually are you first aiming for in forex trading? Well, the answer is simple, everyone is aiming for the same thing, to generate more income. That's mean you aim for money first and your mind is and eyes would only see money. Your mind is full of "money,money money" and only think about how to make money instead of how to trade better. Every time you are in your trade, your mind is full of money making method not trading stragtegy. That's one of the main failure of becoming trader. A trader does not think about how much they can make in their trade, instead is how far their profit can go and how less the loss if it trun on them. Finding your own strategy is the most immportant thing. Once you found your own strategy, you can make as much as you want with the same strategy, only with a bigger size. Example - if you are making 20pips daily in average with the size of 0.01/Usd 0.10, in 22 days of trading you are making USd 44.00 per month. And with the same strategy, but only this time you increase your lot size to 1.0 instead, now you are making Usd 4,400. You see, how the calculation works here. Make sure you follow step by step in the increasing lot size process cos by too high jump of lot size will effect your emotion stability.