tag:blogger.com,1999:blog-9275398490910702162024-02-08T11:27:26.902+08:00Money Market Players!Forex or Money Market, i had learnt is that i can make you comfortably wealthy easily. (IF YOU KNW HOW)
Why do i know that? Trillions are traded offhands everyday, and the market only goes 3 ways, up down or sideways. So, you have 1/3 a chance to win the money over. Right? think again, read again.Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-927539849091070216.post-15546185165272362262008-04-25T00:13:00.003+08:002008-04-25T00:16:45.527+08:00Profit Managed Account<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq50hjmC22-z2Qj03VcrbSMN10CHJ6M_NdGezM6ZPGdKCX8vxqPRVh39AayB5zRKku2j_id6jTA0KdcD_TiV2RlNj0zQh012TjsrXKOgNiSF6UEDVCnEjOB_6SJObcvDxcWnbV1CgZRw/s1600-h/untitled.JPG"><img id="BLOGGER_PHOTO_ID_5192846159278732866" style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq50hjmC22-z2Qj03VcrbSMN10CHJ6M_NdGezM6ZPGdKCX8vxqPRVh39AayB5zRKku2j_id6jTA0KdcD_TiV2RlNj0zQh012TjsrXKOgNiSF6UEDVCnEjOB_6SJObcvDxcWnbV1CgZRw/s400/untitled.JPG" border="0" /></a><br /><div><span style="font-size:130%;">TODAY, we had a ROLLER COASTER RIDE!</span></div><br /><p><span style="font-size:130%;"></span></p><br /><p><span style="font-size:130%;">wee... we went down by HUNDREDS and UP again. </span></p><br /><p><span style="font-size:130%;">gosh, this MA is really bad for the heart.</span></p>i begin to see no hope for this month.<br /><div><br /><br /><script src="http://ads.adbrite.com/mb/text_group.php?sid=637725&br=1" type="text/javascript"></script><br /><br /></div>Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.com0tag:blogger.com,1999:blog-927539849091070216.post-69624995511743263362008-04-20T22:05:00.002+08:002008-04-20T22:07:52.540+08:00FXCM managed account performance<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjB8yvnBCAe9RnXCu6e_5XPESrypdi_DVkrEqNTCsODZfbDbjqiQEJgazH5JIrkceJhyphenhyphenXnrDd_2hrQyw2ko20n9iLob0ljUaXgzmVrOeBUC5QfDVB6mxCaC0NtfYyKbpt9itzTP-qZNrQ/s1600-h/untitled.JPG"><img id="BLOGGER_PHOTO_ID_5191328826074033362" style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjB8yvnBCAe9RnXCu6e_5XPESrypdi_DVkrEqNTCsODZfbDbjqiQEJgazH5JIrkceJhyphenhyphenXnrDd_2hrQyw2ko20n9iLob0ljUaXgzmVrOeBUC5QfDVB6mxCaC0NtfYyKbpt9itzTP-qZNrQ/s400/untitled.JPG" border="0" /></a> It didnt MOVE for a week!<br /><br />no... it did move, but zero displacement...<br /><br />10more days to better results...<br /><br /><br /><br /><br /><br /><script src="http://ads.adbrite.com/mb/text_group.php?sid=637725&br=1" type="text/javascript"></script>Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.com0tag:blogger.com,1999:blog-927539849091070216.post-6910184871382765062008-04-19T08:18:00.002+08:002008-04-19T08:27:17.603+08:00FOREX SCAM!This are a short but unexhaustive list of signs to a scam in forex world.<br /><br /><strong><span style="font-size:130%;">1. Guarantees.</span></strong> It is illegal to make promises like stating a policy of guarantee.<br />You can refer to NFA to check. Forex market has no guarantee, if not it will be called mutual funds instead.<br /><br /><strong><span style="font-size:130%;">2. Names.</span></strong> Your funds should be under your own name and all such funds accepted must be of compliance to FCM policy.<br /><br /><strong><span style="font-size:130%;">3. No real trade report verification</span></strong>. <br />“Its to protect the privacy of other clients.” bullshit talk..<br /><br />“The previous broker closed and moved on.” Such big company cant afford to keep admin reports and detail report of earning that is the only proof to their success? think again.<br /><br />“Its no neccessary as we already proven our tracks will millions of followers and satisfied clients.” Come'on! Lets all follow one another into the fire pit and get buried inside together!<br /><br /><strong><span style="font-size:130%;"><span style="font-size:100%;">C</span>onclusion, if any of your potential broker say one of this 3 things, hang the phone up on them. period.</span></strong><br /><br /><br /><!-- End: AdBrite -->Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.com0tag:blogger.com,1999:blog-927539849091070216.post-61343614456071681812008-04-16T15:11:00.002+08:002008-04-16T15:15:20.400+08:00FXCM forex managed account... why?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIKPJeduc1ASAk8s45VXOJCJfFMvLz9O-MZfgrLg_4AuWw7bUzrVqU6rH-lVLquh4qkPxzGW04rPsqMunxYiMBt-jsLs_cjxt7pxCH514t9P3Tzl0RLPBXInrUoDmjc8HELCbF5HAhxQ/s1600-h/untitled.bmp"><img id="BLOGGER_PHOTO_ID_5189737528061173634" style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIKPJeduc1ASAk8s45VXOJCJfFMvLz9O-MZfgrLg_4AuWw7bUzrVqU6rH-lVLquh4qkPxzGW04rPsqMunxYiMBt-jsLs_cjxt7pxCH514t9P3Tzl0RLPBXInrUoDmjc8HELCbF5HAhxQ/s400/untitled.bmp" border="0" /></a> The sole reason why people are more and morea attracted to Managed Account is that they have a belief that the best people who do forex, and the people who Sell it to you. Which is the broker themselves.<br /><br />And! FXCM managed account for example, wouldnt bust your account like you yourself would. Especially since they are the "experts" and has a reputation to keep.<br /><br />It is a good way to get a feel of investment by throwing small amount of money into managed account though, as at least you would lose the money so fast. But be beware of the style of managed account and the reputation of any money manager you are going to ivnest with.<br /><br /><br /><br /><script src="http://ads.adbrite.com/mb/text_group.php?sid=637725&br=1" type="text/javascript"></script>Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.com0tag:blogger.com,1999:blog-927539849091070216.post-31122366325882461462008-04-12T22:46:00.004+08:002008-04-14T18:47:05.258+08:00Swing trading, sine or cosine?If you are "normal human being", you would know waves, or at least heard of it before.<br /><br />Wave is a pattern that changes regularly from positive to negative in a certain period and then it goes on and on and on, non-stop. Waves are a very natural part of the human world. Be it when you whack a stone into a still water or when you strike a drum, and the sound waves comes.<br /><br />In stock market or money market, prices change in a somehow wave-like pattern. Of course the wave aint like sine or cosine waves, if not, i would become a millionaire already.<br />But no matter what, such random waves are still waves, and somehow this is the fundamental of swing trading.<br /><br />It is a NEED to have certain tools to identify the waves form and hence trade with the trend. But there are trend that last very long like a bull run upwards or a bearish run downwards, OR even small trend of ups and downs in a ranging market. Swing trading, is ranging market best enemy.<br /><br /><br /><br /><strong>Probably Brokers like FXCM or MBTrading will provide such tools.</strong> <strong>There are many other good brokers available on the adverts on the left. Feel free to explore and gain more knowledge.<br /><script src="http://ads.adbrite.com/mb/text_group.php?sid=637725&br=1" type="text/javascript"></script><br /><a href="http://www.boosterblog.net/"><img id="BLOGGER_PHOTO_ID_5188371433588958338" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 73px; CURSOR: hand; HEIGHT: 33px" height="46" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8koqpR7xflq_rlZbCBsizf7gEw1xxrMLS8MZ0JNQUMlD7rwSUuHQCzvzQkqxw_cP8QUf2cLPCHe3fzZujsmzUvmhLGsgDJrzC8d-G5Xw53ad6c8ziwjD1ZuAfD99KxmH-PSeLBMYxMQ/s200/boosterblog-en-logo.gif" width="109" border="0" /></a><br /></strong>Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.com0tag:blogger.com,1999:blog-927539849091070216.post-40446046339583945292008-04-10T00:59:00.002+08:002008-04-14T18:40:32.689+08:00Your Own Personal Style in MoneyVestingSo what is your risk tolerance and amount of money you would bear to let go with?<br />This is important in order to know what is your style in investment, so that you can go on and choose which field that you like to put your hard earned money into.<br /><br />Risk tolerance is based on how much risk you want to take and revolves around how much money can you bear to lose. Not just part with, temp. Its preparing to totally lose the money.<br />If you have a stomach for high risk, your returns will definetly be higher than that of a low risk investor. BUT. when both starts losing money. U will lose out more.<br /><br />It depends really.<br />On your financial goal.<br />What do you want in return for the risk? If you want to be young millionaire then you have to be avid investor taking great risk.<br />But if you just planning for retirement, a moderate risk would be subtle.<br />Or you are just planning on having little spare cash to spend on weekend spree, a low risk would be recommended.<br /><br />Low risk or conservative players want their money back. Hence they would usually go for common stocks or bonds with low returns such as 5-8% per annum.<br /><br />High risk taker usually would, like myself, who can bare to part with my money, would be going into HYIP, FOREX or even blooming stock markets like the wall streets stocks.<br /><br />But that is of course that you would need to choke up enough capital first.<br /><br />I personnally would have the urge to invest something i see profitable at first sight. And this is what most novice investor would do. Jump into the pot too soon, and get cooked and eaten even sooner.<br /><br /><br /><!-- End: AdBrite -->Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.com0tag:blogger.com,1999:blog-927539849091070216.post-54550729441912301002008-04-08T04:43:00.002+08:002008-04-08T04:47:17.495+08:00Types of ORDER<span style="font-size:130%;"><strong>Types of Orders</strong></span><br /><br />3 basic orders: Market, Limit and Stoploss.<br /><br /><strong>Market Order</strong> – Is simply an order to buy or sell at the current<br />market price.<br /><br />If we have a USD/CAD quote of 1.0030/1.0033 and we place a<br />market order to buy, we will buy at 1.0033. If we place a market<br />order to sell we would sell at the bid quote, in this case 1.0030.<br /><br /><strong>Limit Order</strong> – This order is used when you want to enter at a<br />certain price. Limit orders are used when a trader doesn't want to<br />sit and wait for the order to get filled. They can walk away from<br />their screen knowing the limit order is in place.<br /><br /><strong>Stoploss Order</strong> - This order relates to a trade that has already been<br />taken to negate additional losses if the trade does not work in our<br />favor. It will stay open until the order is hit or canceled. As an<br />example, if we were long the USD/CAD at 1.0056, we could place<br />a stoploss order at 1.0036 to limit our loss to a max of 20 pips.<br /><br />With the stop loss order in place we don't have to baby-sit the<br />trade.<br /><br /><br /><strong><span style="font-size:130%;">Additional orders used:</span></strong><br /><br /><strong>GFD (Good for day) Order</strong> – This order stays open until the end of<br />the day, which is typically 5:00 pm EST (the close of US equities)<br />To be sure ask your broker the details of when the cancel GFD<br />orders.<br /><br /><strong>GTC (Good Till Canceled) –</strong> Pretty simple...this order stays open<br />until you cancel it. It is the trader’s responsibility<br /><br /><strong>OCO (Orders Cancels Other)</strong> – This order lets the trader place a<br />stoploss and profit limit order. Once one is triggered, the other<br />order is then canceled.<br /><br />The USD/CAD quote is currently 1.0035/1.0038. We are<br />anticipating a large move to come either to the upside or downside.<br /><br /><br />So we place a buy limit above where we think the price will<br />breakout and run up at 1.0050 and we want to place a limit short<br />order at 1.0025 on the anticipation of a breakout to the downside.<br /><br />Once one of these orders is filled, the other is canceled<br />automatically.<br /><script src="http://ads.adbrite.com/mb/text_group.php?sid=637725&br=1" type="text/javascript"></script>Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.com0tag:blogger.com,1999:blog-927539849091070216.post-8585677272989547382008-04-08T04:42:00.002+08:002008-04-08T04:47:38.854+08:00Profits Lost and MARGINS<strong><span style="font-size:130%;">How to Calculate Profit and Loss<br /></span></strong><br />We'll go through a trade example using the USD/CAD<br />to show how to calculate a profit or loss.<br /><br />The quote of the USD/CAD is 1.0022/1.0025.<br /><br />We buy 1 lot of $100,000 at the offer price of 1.0025.<br />Our position is now long 1.0025.<br /><br />12 hours later the price goes up to 1.0085 with the new quote<br />showing a bid/offer of 1.0085/1.0088.<br /><br />For us to sell we have to sell at the bid price which is 1.0085.<br />The difference from buy price (1.0025) and selling price<br />(1.0085) is .0060 or 60 pips.<br /><br />Using our calculation from the Pip Calculation section we can see<br />how much profit we made;<br /><br />(.0001/1.0085) X $100,000 = $9.91/pip<br />60 pips X $9.91/pip = $594.60<br /><br /><br /><strong><span style="font-size:130%;">Margin</span></strong><br /><br />For most traders, coming up with $100,000 to trade one<br />lot would be almost impossible. As an alternative,<br />brokers will put up the required amount; in exchange<br />you are required to deposit a certain amount of money as<br />good faith. The broker holds this money in your account<br />to cover any loss you may incur. This is what attracts<br />most traders to the Forex market.<br /><br />The amount of margin will vary from broker to broker. Typically<br />they require you deposit $1000 to trade one lot of $100,000 or 1%.<br /><br />Often you will notice brokers quoting margin rates at 100:1 and<br />sometimes as high as 200:1<br /><script src="http://ads.adbrite.com/mb/text_group.php?sid=637725&br=1" type="text/javascript"></script>Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.com0tag:blogger.com,1999:blog-927539849091070216.post-89691760339513235552008-04-08T04:41:00.003+08:002008-04-08T04:48:13.041+08:00Pricing & Time Zone<strong><span style="font-size:180%;">Bid/Offer Spread</span></strong><br /><br />All quotes you will find on the Forex market are twoway,<br />meaning there is a bid and offer. With the offer<br />always being higher than the bid.<br /><br />The bid is the price the dealer is willing to buy the base currency.<br />As a trader this is the price you will sell to. (We sell to the bid)<br />The offer is the price the dealer is willing sell the base currency.<br /><br />As a trader this is the price you will buy from. (We buy the offer)<br />The difference between the bid and offer is called the spread. As a<br />trader the smaller the spread the better, so be sure shop around, as<br />different brokers will have different spreads for different currency<br />pairs.<br /><br />This is what a typical quote window will look like.<br /><br /><br /><strong>USD/ CAD<br />Bid Offer<br />1.0022 1.0025<br />Sell Buy<br /></strong><br /><br />If we wanted to go long, using this quote as an example, we would<br />click the buy button at 1.0025. And if we wanted to short or sell we<br />would click the sell button at 1.0022.<br />- When buying we use the offer price.<br />- When selling we use the bid price.<br /><br /><br /><strong><span style="font-size:130%;">Forex Market Hours<br /></span></strong><br />The Forex market is unique from stocks or futures as it<br />is open 24 hours a day. Regardless of where you live in<br />the world the market will be open and you will be able<br />to trade. Below is a chart showing key times when<br />markets around the world are active.<br /><br /><strong><span style="font-size:130%;">Time Zone EST GMT</span></strong><br /><br />Tokyo Market Open 07:00 PM 00:00<br />Tokyo Market Close 04:00 AM 09:00<br />London Market Open 03:00 AM 08:00<br />London Market Close 12:00 PM 17:00<br />New York Open 08:00 AM 13:00<br />New York Close 05:00 PM 22:00<br /><br /><br /><strong><span style="font-size:130%;">Lot Size and Pip Calculation</span></strong><br /><br />The Forex market is traded in lots, with the benchmark<br />lot size being $100,000. There are also mini lots of<br />$10,000.<br /><br />Each currency will have a different pip value based on the standard<br />$100,000 lot size. And as the price moves so will the pip value of<br />the pair you are trading.<br /><br /><strong>Below is an example.</strong><br /><br />USD/CAD exchange rate of 1.0022<br />(.0001/1.0022) X $100,000 = $10.02/pip<br />USD/CAD exchange rate of 1.0652<br />(.0001/1.0652) X $100,000 = $10.65/pip<br /><br />As you can see as the market fluctuates so to does the<br />value of a pip.<br /><script src="http://ads.adbrite.com/mb/text_group.php?sid=637725&br=1" type="text/javascript"></script>Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.com0tag:blogger.com,1999:blog-927539849091070216.post-18936946014250890302008-04-08T04:36:00.004+08:002008-04-08T04:48:38.766+08:00Basic Lesson 1<strong><span style="font-size:130%;">Introduction </span></strong><br /><br />The Foreign Exchange Market is the largest financial market in the<br />world, it does over 20 times the dollar volume than all the US<br />equity markets combined each day.<br />The Forex market is an interbank or Over the Counter market. This<br />means that all transactions take place between two parties directly<br />through an electronic network or over the phone. There is no<br />standardized exchange like stocks (NYSE, NASDAQ etc.) or<br />futures. (CME CBOT)<br /><br /><br /><strong><span style="font-size:130%;">What Is a Pip?</span></strong><br /><br />Simply put, a pip is the smallest price change a currency<br />pair can make. As an example when we see a quote of<br />the USD/CAD at 1.0028, the minimum it could change<br />to the upside would be .0001 making it 1.0029. The<br />majority of currency pairs are priced with 4 decimal<br />places (an exception is the USD/JPY pair which is<br />quoted to 2 decimal places ie 108.84 )<br /><br /><br /><strong><span style="font-size:130%;">Forex Quotes</span></strong><br /><br />Of all the Forex quotes available there are 6 that are<br />considered the most important; (In no particular order)<br />USD/CAD = United States dollar/Canadian dollar<br />USD/JPY = United States dollar/Japanese yen<br />GBP/USD = Great British pound/United States dollar<br />AUD/USD = Australian dollar/United States dollar<br />EUR/USD = Euro/United States dollar<br />USD/CHF = United States dollar/Swiss franc<br />Forex quotes involve a pair of currencies. Example<br />USD/CAD, AUD/USD, USD/JPY etc.<br /><br />The currency listed first is what’s called the base currency and the<br />second currency is called the counter. Using a buy order<br />on the USD/CAD as an example, you have bought US<br />dollars and sold Canadian dollars.<br /><br /><script src="http://ads.adbrite.com/mb/text_group.php?sid=637725&br=1" type="text/javascript"></script>Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.com0tag:blogger.com,1999:blog-927539849091070216.post-11226360304777224782008-04-08T04:32:00.000+08:002008-04-08T04:36:32.740+08:00How do Big Bank make BIG BANG?Bankers system is basically a system of trading which is only good for fundamental analysis. Majority of banks and Investments Company don’t sit behind the computer all day long. They trade using fundamentals and when they do, they move millions from the market. They don’t trade everyday like small time traders.<br /><br />They had known that currency values moves because the economy of the country issuing the currency is altered. Governments devote large bureaucracies to controlling the money supply, interest rated, imports and exports, etc all of the many factors that make one currency worth more than the other.<br /><br />National economic policy, together with the competing national policies of all the other currencies, governs the big picture. Any factor affecting one dominant currency, and these echoes can take a while to damp out. You have to understand the fundamental of global currency to trade this system successfully because it will help you to correctly identify the major trend of currency pair you are trading and so anticipate changes in the trend when the underlying fundamentals changes.<br /><br />The reason we are so much at home with this system is because the news will always override technical analysis. The MACD, Fibonacci and the rest of the indicators will give way when news occurred. That is why sometimes when you are so sure of where market is going by your indicators, it turn back to pick your stop loss is because the market is working by the forces of the news.<br /><br />------------------------------------------------------------------------------------------------- NEWS trading is by far the most powerful and most difficult way to trade forex. Sometimes even your own broker go against you for it. That is why many gave up on news trading as no one can get fill for it.Ryanhttp://www.blogger.com/profile/05972360479514919565noreply@blogger.com0