Today we saw the British Pound sour above the 2.0000 level marking a breakthrough of a major psychological barrier. I have to admit that over the past several months I have cheated on my favorite currency pair in lieu of the Euro and Yen. I have to take a moment to reflect while the Pound sits at levels it has not seen in 15 years.
What does this really mean?
Has Sarbox regulatory constraints contributed to the raise of cable?
Has geo-political events ushered in a long term change against the USD?
Or has the change in central bank reserves been good for the pound?
Nah! What this really means is that it is now easy math for us Americans traveling to the UK. A pint of beer in the pub costing £3 can easily be converted to $6. Sweeeet!!
And easy math is this traveler's dream!
Happy Trading!!
Don't forget to visit the Forex Journey website and our Lens!
Gunslingers and Casinos
Living in Arizona I am always surrounded by images of the Wild West. With numerous casino operations in and around the area and my relative proximity to one of the largest gaming centers in the world, Las Vegas, I am also surrounded by the images of the gambler.
Every gunslinger has its sheriff and every gambler has its casino. What we must decide early on in our trading career is which side of the table we want to sit on.
Think carefully about your decision, because one will lead to great success while the other usually leads a fast, but very brief existence.
You want think like a sheriff and act like a casino. The sheriff patrols the landscape to limite and risk to the populous. These are your stops! The casino has numbers and probability on its side. That is why the rules always favor the house. This is your edge!
Your stops and your edge are key components of your winning game plan for the Forex market.
Favors the house? Probabilities?
This is the concept that has created large fortunes and ruined aspiring careers. Master these principals and you will be on your way to successful and highly profitable trading. Always trade with rules that favor the house –you! And it is a good idea to have the law on your side to protect you when the gunslingers have you out manned!
Visit our Forex Journey website for Forex Training that instructs on strategy, mind and money management.
Happy Trading!!
Every gunslinger has its sheriff and every gambler has its casino. What we must decide early on in our trading career is which side of the table we want to sit on.
Think carefully about your decision, because one will lead to great success while the other usually leads a fast, but very brief existence.
You want think like a sheriff and act like a casino. The sheriff patrols the landscape to limite and risk to the populous. These are your stops! The casino has numbers and probability on its side. That is why the rules always favor the house. This is your edge!
Your stops and your edge are key components of your winning game plan for the Forex market.
Favors the house? Probabilities?
This is the concept that has created large fortunes and ruined aspiring careers. Master these principals and you will be on your way to successful and highly profitable trading. Always trade with rules that favor the house –you! And it is a good idea to have the law on your side to protect you when the gunslingers have you out manned!
Visit our Forex Journey website for Forex Training that instructs on strategy, mind and money management.
Happy Trading!!
Salam Kenal
Salam kenal rekan2 trader di Malaysia. Saya Silva_Gin dari Jakarta.
Saya waktu awal2 belajar forex pernah belajar kepada pakRushdi :D.
Lumayan banyak yang saya pelajari hingga suatu saat saya menggunakan sebuah sistem trading sendiri yang saya peroleh dari hasil eksperiment. Mungkin sistem ini pernah diulas oleh pak Rusdhi yaitu metode silva_gin scalping tehnik :D.
Mudah2an kedepannya saya juga bisa memberi kontribusi berupa signal Forex :D
Salam
Silva_gin
Saya waktu awal2 belajar forex pernah belajar kepada pakRushdi :D.
Lumayan banyak yang saya pelajari hingga suatu saat saya menggunakan sebuah sistem trading sendiri yang saya peroleh dari hasil eksperiment. Mungkin sistem ini pernah diulas oleh pak Rusdhi yaitu metode silva_gin scalping tehnik :D.
Mudah2an kedepannya saya juga bisa memberi kontribusi berupa signal Forex :D
Salam
Silva_gin
Cari Duit di Internet. Blog kene suspend
Akhirnya wordpress jawab kenapa blog aku kene suspend. Nampaknya wordpress tidak membenarkan blog komersial dalam server diorang. Bermakna apa saja blog yang bersangkut paut dengan perniagaan akan di gantung tanpa tali.
Jadi kalau korang nak buat blog citer pasal ayam berlari, kambing melompat, kucing terbang sila lah ke wordpress. Kalau nak buat citer forex ke, uptrend ke, jual kereta ke atau apa saja yang akan menjana pendapatan janganlah gatal ke wordpress. Blog aku yang kene gantung tu dapat pagerank no 4 di google. dengan keyword cari duit aku punya blog tu duk kat no 1.
Betul punya buang masa lah. Ingat senang ke nak buat bende tu. Sekarang ni aku fokus kat blogspot jer. Kene lah aku buat balik keje manaik kan ranking blog aku ni.
Jadi kalau korang nak buat blog citer pasal ayam berlari, kambing melompat, kucing terbang sila lah ke wordpress. Kalau nak buat citer forex ke, uptrend ke, jual kereta ke atau apa saja yang akan menjana pendapatan janganlah gatal ke wordpress. Blog aku yang kene gantung tu dapat pagerank no 4 di google. dengan keyword cari duit aku punya blog tu duk kat no 1.
Betul punya buang masa lah. Ingat senang ke nak buat bende tu. Sekarang ni aku fokus kat blogspot jer. Kene lah aku buat balik keje manaik kan ranking blog aku ni.
Free Forex Signal 13 April 2007 1:08pm GMT+8
Usd/Cad 4H
Sekarang di 1.1347 dan menunjukkan tanda dia dah penat nak turun. Walaubagaimanapun trend masih down. Jadi ada masa utk trend itu berubah dan utk kita ambil position. Buat masa ini Ucad mencatatkan harga paling rendah pada 1.1337.
Forex Signal:
Buy Usd/Cad @ 1.1340 or better.
SL pandai sendiri.
TP ikut sehingga diberitahu kelak atau boleh exit bila untung.
Selamat Menorex
The Power of the Process
Here is a little advice for those just starting their Forex Journey.
To learn to trade Forex (or any liquid market for that matter) requires no great skill. It only requires perseverance and desire. There is, however, a learning curve that all traders must ascend. There are, in my opinion, 3 areas that traders must gain supreme confidence with in order to succeed.
1. Strategy
You must learn the language of trading, the tools and when to use the tools. If you where training to be a carpenter you would have to learn the language other carpenters use such as 2X4, chalk line and plum. We have our own jargon such as pairs, dealing platforms and spreads.
You have to know the tools. A carpenter has a hammer and we have our moving averages. And you have to know when to use these tools. A carpenter would not grab a hammer to paint, and we have tools designed for specific market condition such as MACD and Stochastic.
Oh, and another piece of advice around strategies taught to me by Raghee Horner. In a training awhile back she asked the class to use her strategies exactly as she presented it. She had tested her strategies backwards and forwards.
I’ve seen so many traders take a strategy and immediately add or subtract something and blame the strategy for not working. Personally responsibility is a cornerstone of trading. This really goes to my point number 3.
I have another way of looking at it:
Dance the dance you are shown until you learn a dance of your own.
2. Money Management and Risk Control
I have personally proven that having a so-so strategy with solid money management skills is profitable and the inverse is not! The clear fact is, and I am going to use a baseball analogy, it is more profitable to lead the league in batting average than home runs.
It is the accumulation of the little winners that will get the new trader of and running. It is a process!
3. Personal Self-Mastery
In my opinion, this is the single most under served area of knowledge to the individual currency trader. It is the truly holy grail of trading. Knowing your personal strengths and weakness brings a level of awareness like no other.
Once we are made aware of the factors that influence our trading, we can bring to bear strategies to neutralize our weaknesses and leverage our strengths.
There is no single skill trading more important than self-mastery! It is your own personal mastery that will determine your ability to deploy time tested strategies and risk control methods.
The truth is little winners lead to bigger and bigger winners. Mastering the process of trading is mastering to repeatable little winner.
The biggest mistake I see new traders make is that the focus is placed square on making money. Master the process of trading described and not focusing on the money is the surest way to make money is this risky area. This is why in my training on Forex Journey Live Market Training, the process is super-emphasized and the word “money” is strictly forbidden!
Happy Trading!!
To learn to trade Forex (or any liquid market for that matter) requires no great skill. It only requires perseverance and desire. There is, however, a learning curve that all traders must ascend. There are, in my opinion, 3 areas that traders must gain supreme confidence with in order to succeed.
1. Strategy
You must learn the language of trading, the tools and when to use the tools. If you where training to be a carpenter you would have to learn the language other carpenters use such as 2X4, chalk line and plum. We have our own jargon such as pairs, dealing platforms and spreads.
You have to know the tools. A carpenter has a hammer and we have our moving averages. And you have to know when to use these tools. A carpenter would not grab a hammer to paint, and we have tools designed for specific market condition such as MACD and Stochastic.
Oh, and another piece of advice around strategies taught to me by Raghee Horner. In a training awhile back she asked the class to use her strategies exactly as she presented it. She had tested her strategies backwards and forwards.
I’ve seen so many traders take a strategy and immediately add or subtract something and blame the strategy for not working. Personally responsibility is a cornerstone of trading. This really goes to my point number 3.
I have another way of looking at it:
Dance the dance you are shown until you learn a dance of your own.
2. Money Management and Risk Control
I have personally proven that having a so-so strategy with solid money management skills is profitable and the inverse is not! The clear fact is, and I am going to use a baseball analogy, it is more profitable to lead the league in batting average than home runs.
It is the accumulation of the little winners that will get the new trader of and running. It is a process!
3. Personal Self-Mastery
In my opinion, this is the single most under served area of knowledge to the individual currency trader. It is the truly holy grail of trading. Knowing your personal strengths and weakness brings a level of awareness like no other.
Once we are made aware of the factors that influence our trading, we can bring to bear strategies to neutralize our weaknesses and leverage our strengths.
There is no single skill trading more important than self-mastery! It is your own personal mastery that will determine your ability to deploy time tested strategies and risk control methods.
The truth is little winners lead to bigger and bigger winners. Mastering the process of trading is mastering to repeatable little winner.
The biggest mistake I see new traders make is that the focus is placed square on making money. Master the process of trading described and not focusing on the money is the surest way to make money is this risky area. This is why in my training on Forex Journey Live Market Training, the process is super-emphasized and the word “money” is strictly forbidden!
Happy Trading!!
You Are Who You Are
Over the past year I have been branching out with my personal development. During my forex journey over the past 18 months I have taken a series of personal development courses and certification workshops that has provided me with great insight on how the human mind operates.
Especially for traders!
In addition to being a currency trader and educator, I am now both a Board Certified Hypnotist and Success Coach. During my studies one thing became crystal clear, we are who we are and that alone is perfect.
Did you know that our core personality and beliefs systems are established prior to the age of 8? By our 7th birthday our core operating system is in place!
These systems include our view of money, risk and reward, key elements in trading. That why it your always here people saying to enjoy life like a 7 year old. As a 7 year old our minds were an open book, creative and imaginative.
Our identification with these value systems are brought to bear in each and every trade. You are who you are. These beliefs can not be changed. The events that formed these beliefs, whether accurate or not, did in fact occur. With guidance these beliefs can be reframed, but there is a simpler first step … Awareness!
Identifying your core beliefs will assist you in recognizing the value system you bring to your trading. Once that recognition is established you can not begin to address how these traits both help and hurt your trading activity.
For more about me and the Forex Journey experience please visit out Lens at Squidoo.
Happy Trading!!
Especially for traders!
In addition to being a currency trader and educator, I am now both a Board Certified Hypnotist and Success Coach. During my studies one thing became crystal clear, we are who we are and that alone is perfect.
Did you know that our core personality and beliefs systems are established prior to the age of 8? By our 7th birthday our core operating system is in place!
These systems include our view of money, risk and reward, key elements in trading. That why it your always here people saying to enjoy life like a 7 year old. As a 7 year old our minds were an open book, creative and imaginative.
Our identification with these value systems are brought to bear in each and every trade. You are who you are. These beliefs can not be changed. The events that formed these beliefs, whether accurate or not, did in fact occur. With guidance these beliefs can be reframed, but there is a simpler first step … Awareness!
Identifying your core beliefs will assist you in recognizing the value system you bring to your trading. Once that recognition is established you can not begin to address how these traits both help and hurt your trading activity.
For more about me and the Forex Journey experience please visit out Lens at Squidoo.
Happy Trading!!
Subscribe to:
Posts (Atom)