Belajar Forex Trading-Kenapa Anda Patut Dagang Forex?

Terdapat banyak jenis pelaburan di luar sana dan mengapa anda harus tahu tentang perdagangan Forex?

Jika anda seorang pakar dalam sektorpelaburan, and pasti tahu bahawa mempelbagaikan dana anda atau pelaburan pasti sesuatu yang akan anda lakukan. Benar?

Mungkin anda sudah pernah melabur dengan saham dan hartanah dan anda rasa ianya sudah mencukupi. Tapi tanyalah sendiri, bolehkah and tambahkan pelaburan forex juga?

Terdapat banyak sebab-sebab mengapa anda harus perdagangan forex dan di sini adalah beberapa kebaikan yang anda boleh perolehi daripada pelaburan atau perdagangan Forex.

Learn Forex Trading -Forex Vs Stock

The main comparison that is made to the Forex market is the Stock market.

So, how to they go if you put them head to head against one another.

The image below will show you exactly the comparison.

The warrior on the left would be the Forex market and the one on the right will be the stock market.

Forex Trading Mistakes To Avoid

We all make mistake. It doesn't matter if the problem is huge or small, we all tend to make mistakes from time to time.

In forex trading, mistakes will cost you your money.

Losing money is never a good thing but if you learn from your mistakes, then the mistake that you made will pay off as long as you don;t repeat them once again.

I came across this article which I think will be useful for those who are learning forex trading.

Source: www.articlesbase.com/

It's true that Forex Expert advisors open new ways to trading Forex with automation and ease, but oftentimes new investors experience frustration when trying to find the right trading system.

Let's review 7 things to avoid in Forex Expert Advisors:

• Avoid systems that won't compliment your trading style and knowledge. You should try to find a Forex System that suits your needs and complements your trading. If you rely on intuition for getting good trades, an automated system would not be very suitable for you.

• Some Forex robots would use bad money management strategies, while others would have no strategy at all! Avoid those systems in which it's not clear what king of strategy is used by the trading system.

Learn Forex Trading- Useful Forex Trading Forums

Where Should We Look?

The internet is like an endless space of information nowadays. We can basically find information on almost about anything that we are interested in.

Having said that, it can also be difficult to find information that is accurate. As for trhe topic of Forex trading, there will be tons of information.

Be it from forex brokers, traders or even those who are selling their forex systems.

You see, Forex trading is a hot topic or niche and there are a lot of internet marketers who are looking to make big bucks out of newbie traders who don not have a clue about forex trading.

I know this because I was in this position before. In total, I bought 4 forex products  from Clickbank and guess what? I requested the refund for all of them.

The Myth Why 95% Fail In Forex

A quick search on the internet in websites, magazines or forums might let you come to a conclusion that there are a lot of people out there who are making a lot of money from the forex market.

This is mainly due to the fact that there are a lot of traders out there that brag about their profits but they fail to tell people about their losses.

 In fact, merely five percent of all traders actually make money. Most people will be able to make money from forex trading but turning it into a consistent source of income is totally a different story.

Forex trading should never be a way of making a regular income and acquiring a financial freedom. It is a very risky business and that is why you must always have a safer source of income.

One might wonder if 95 percent of traders are not capable of making regular income, what is stopping them.

Should You Stay Away From Forex?

A quick search on the internet in websites, magazines or forums might let you come to a conclusion that there are a lot of people out there who are making a lot of money from the forex market.

This is because, forex traders love talking about their profits but the truth is they never speak about the losses they have suffered in life.

 Merely five percent of traders are capable of making constant money.

 Most people will be able to make money from forex trading but turning it into a consistent source of income is totally a different story.

Forex trading should never be a way of making a regular income and acquiring a financial freedom. It is a very risky business and that is why you must always have a safer source of income.

If 95 percent of the people are out are not making money in forex trading, what may be the cause of that?

Most people out there are probably part time forex traders and they cannot trade like forex experts who trade with a large scale of funds.

 Being engaged in a full time job dedicating 8 hours of their day along with a family, it's difficult for small-time investors to hardly find any time to pursue forex trading seriously.

 This is probably why they fail in forex trading.

To be a pro in forex trading and make consistent profit, one will need to have years of experience and practice.

Chill Out On Weekends

It is the weekends and it means no trading.... (Forex Mareket is closed on weekends)

Just watch Star Wars Trilogy (Episode 4,5 and 6) during the weekday and now I just finished watching Star wars Episode 1.

Man, got to say I am a Star Wars fan.  :)

Anyway, I am just chilling here at home with my cup of coffee while I reflect on the things I did in the week and work on this blog as well.

My Starbucks cup filled with yummy coffee....

Educate Yourself before Trading Forex

If you want to succeed in any endeavor, you need to have persistence and dedication.

Even your daily life requires it because if you're the type of person who is quite lazy and wants to goof around, you'll attain nothing of importance in your life.

Ever since you were a little kid, you were already taught with the value of good education.

From your nursery days, until you finally graduate in college, you have dedicated many years to get a good education. But it doesn’t end there.

Each time you encounter a new endeavor, activity, or thing, the first to come into your mind is to learn about that particular thing or activity.

So you see, no matter what we do, education continues. And this is especially true with forex trading.

Statistics have shown that over 94% professional traders lose a lot of money every day in forex trading alone.

But don’t be discouraged; in fact why not use that piece of information to strive hard to get a forex trading education.

The financial market changes by the minute, or even by the second. Who knows which currencies are a good buy and which aren’t.

Most traders, specially the starters, believe that they can predict what is about to happen in forex trading.

Forex Trading: Information that You Should Always Watch Out For!

Getting the necessary and the right information is one of the most important things in order to be successful.

In a company, in the military, in the government, and virtually in any kind of organization, getting the right information is necessary to make the right decision.

This is where all decisions are based from. Information plays a vital role in the society.

For example, in the military, making the right decisions during war or even during peacetime is necessary to save and protect lives.

In the business world, it is also necessary to get the right information to make the right decision in order for a company to grow and profit.

Most wrong decisions are usually made because of lack of information or because of getting the wrong information.

Here’s another example on what happens when decision makers get the wrong information.

Countless leaders of countries have been ousted because of one minor glitch in the information that their advisers gave them.

It cannot be stressed enough that it is necessary for everyone to get the right information.

After getting the information, you should study it, and formulate a decision that you think is right for the current situation.

This is also true in the financial market, such as the Forex market.

Trade 24 Hours A Day With Forex Robot

You need money to live a comfortable life.
You need money to provide education to your children.

And, you need money to eat. This is why you work, this is why people put up businesses, and this is why people go to great lengths to make money.

One great money-making career that you should consider is trading in the largest financial market in the world.

Not only is Forex or Foreign Exchange the world’s largest financial market, it is also the most liquid market in the world that operates 24 hours a day.

With trade exchanges that generates up to 2 trillion dollars a day, who wouldn’t get attracted to trade in this very liquid market?

If you are a regular person with a regular job who is looking for a way to earn extra money, you can consider entering the Forex market and trade.

However, Forex also has its risks and people who have traded in Forex without the proper knowledge and skill lost large amounts of money, and some have suffered extreme financial losses.

This is why it is necessary for you to have enough knowledge and skills when you trade in the Forex market.

Today, there is a software available for you to use that can really make it easier for you to trade in the Forex market and earn that extra money you want.
This software is often called the Forex trading robot.

How Is Forex Trading Different From Stock Trading

The foreign exchange market is also known as the FX market, and the forex market.

 Trading that takes place between two counties with different currencies is the basis for the fx market and the background of the trading in this market.

 The forex market is over thirty years old, established in the early 1970's.

The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies.

The difference between the stock market and the forex market is the vast trading that occurs on the forex market.

There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily.

The amount is much higher than the money traded on the daily stock market of any country.

The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries. The

What is traded, bought and sold on the forex market is something that can easily be liquidated, meaning it can be turned back to cash fast, or often times it is actually going to be cash.

From one currency to another, the availability of cash in the forex market is something that can happen fast for any investor from any country.

The difference between the stock market and the forex market is that the forex market is global, worldwide.

The stock market is something that takes place only within a country.

The stock market is based on businesses and products that are within a country, and the forex market takes that a step further to include any country.

The stock market has set business hours.

Generally, this is going to follow the business day, and will be closed on banking holidays and weekends.


The forex market is one that is open generally twenty four hours a day because the vast number of countries that are involved in forex trading, buying and selling are located in so many different times zones.

As one market is opening, another countries market is closing. This is the continual method of how the forex market trading occurs.

The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar.

However, in the forex market, you are involved with many types of countries, and many currencies.

You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market.

Yours sincerely,




 Check Out my other posts here- My Justinnation

Forex tip: Don't chase a trend!!!

It is early in the morning and I woke up early because I had to go out later in the day.

So, I wanted to do the things that I wanted to do before leaving.

In this post, I would like to share an important tip when you trade Forex.

 

Have You Ever Chased A Trade?

Have you ever felt that you missed a trade or two?
You keep blaming yourself thinking why didn't you take the trade?

or

You got out from a trade too soon?
You only made 50 pips when you could have made 150pips because the trend was strong?

If you have been trading for a while, you will know what I mean.

As traders, we can't be monitoring the chart 24/7. We are not robots.
So, we will definitely missed some good trades.
I missed one yesterday.

In fact, it is not a missed.

I just made less profit because my entry turn out to pull away into a 150pips++ run. Anyway, i onnly bagged 50pips.

here is the entry of my trade

How to Succeed in Online Forex Day Trading

Forex trading is the largest known financial market.

Day or night, it doesn’t really matter; the trade goes on even as half of the world is asleep.

 It offers a lot of opportunities for many organizations and individuals to make profit.

There are many day traders in the market, and if you think you can do it, why not join the day traders.

Once you decide to start to day trading, don’t expect to learn everything about it in an instant.

You will surely need to learn for some time, and you need to exert a lot of effort. Practice makes perfect, and forex trading requires a lot of it.

Before using real money, you can practice through simulated trading and do a paper trade.
Here you can incorporate all your trading techniques and see if they actually work.

Don’t be a scared to lose a certain amount of money, because any trade involves a lot of it.

But it doesn’t mean that you should not limit your losses, you can make use of stop orders.
And most importantly, you should learn from your past losses.

A good trader by day should be disciplined.

Make discipline a habit in order to make sound decisions, and act in accord with trading systems/strategies.

This way, you can do your trade in a consistent and reliable manner.

Certain situations require an individual to make decisions based on their pre-set criteria and parameters.

You should make it a point to habitually follow your trading system/plan; this way you can effectively evaluate the results of your plan.

If your expectations are not met, perhaps its time that you make certain adjustments and fine tuning, so that your plan will still be of good use in the future.

Don’t let your emotions rule you, especially when you're making trading decisions.

A day trader should always be disciplined, and once you attain your objective, leave the market first.
Oftentimes people plunge in deeper because they are influenced by greed and fear.

There are also day traders who are quite reluctant to lose money.

For instance your stock goes down, and you're still hoping that after some time it will rise again.

And to your surprise, the share price goes further down. If only you were not reluctant to lose money, you could have sold it the first time its price went down, and prevent further loss.

A day trader should leave no room for fear and greed to take over; otherwise, this will be the key to your losses.

If you're serious with your day trading, you can also do it at home. You would need hardware and software requirements to put a sufficient platform at home for online trading.

For your hardware requirement, you would need a computer with a Windows XP operating system or the like. The monitor should not be less than nineteen inches.

You must have a fast internet connection because day traders need to make fast executions and confirmations of the trade.

They also need to receive and deliver quotes, news, and other pertinent market data. A fast internet connection allows you to make your day trading in a timely fashion.

Execution services are available online, and it comes in two types: the internet-based discount brokers and the online systems or the EDAT.

The first type varies on how customer orders are executed, reviewed, and confirmed.

This causes delay in completing a trade.

On the other hand, the EDAT enables the trader to contact specialists directly. This results to a much quicker execution and confirmation of the orders.

Software platforms that are especially designed for day traders are often used by the more serious ones because real time data are usually provided like stock ticker and quotes, market indices and averages, charting, market stories, and price alerts.

However, you would need to make monthly payments because this type of software usually charges fees.

Becoming a day trader is easy, but only if you are quite serious with this kind of endeavors.

Like any type of trade, it requires dedication, time and effort.

If you are able to put all of these things together, then you will reap profits that you've never imagined.
Yours sincerely,




 Check Out my other posts here- My Justinnation

Weekly Summary April 15th - 19th

Its Saturday again... a week gone by in a flash.... this week, I did not made any trades as I was away visiting a friend who is not doing so well.

My prayers go to him and I hope he will be able to get better. Although things do not look good but still, we cannot lose hope.

 Although I did not make any trades, I still turned on my charts on a daily basis. I just wasn't able to be online at the right time for me to take the trade.

Anyhow, the market provided several opportunities this week. Let me share one of the trades that I found with you.

Here it is...

With this trade, I would have entered right after the candle close pointed by the arrow. The candle with a long pin to the low.

Target Trading In Forex: Week Of April 21

Its Monday again and it is a brand new week.


Looking forward to make some pips this week after a break last week.

Well, it's not exactly a break but I took some time off to visit a relative who is not doing so well with his health. :(

Anyway, a brand new week and here is what the experts are targeting this week

Source: www.investing.com

Source: www.investing.com

EUR/USD

What Forex Target Traders See: We are currently sitting at 1.3059 in a sideways move . We are looking at this current move as a bear flag so looking to get long near the .500 Fibo at 1.2945 area but we could get a fall to the .618 at 1.2900 before the bounce. We can see a head and shoulders pattern in force. The average (14 day) daily true range (ATR) for the pair currently is 109 pips.

USD/JPY

What Forex Target Traders See: We are currently at 99.50 on the 3rd wave R5 resistance and need a correction before looking again to longs. We will need to get a pullback hopefully to the .618 fibo at 98.83 since the Day chart top is at 99.97. If the market corrects we will look to going long to the first wave R7 resistance at 102.43. The average (14 day) daily true range (ATR) for the pair currently is 157 pips.

Mason FX Scalping System

If you are looking for a method to trade forex by scalping, I have something to share with you today.

The other day, I was doing a post about the Advantages and Disadvantages of Forex Scalping.

Due to curiosity, I found out this forex scalping system on the internet.

The name of the forex scalping trading system is Mason FX

Here is how the system look like in action:

Advantage & Disadvantage Of Scalping In Forex

In forex trading, there are various ways of trading.

Different type of forex traders will prefer different type of trading strategies.

Ultimately, every trader wants to get a pie out of the forex market.

Forex Scalping is one out of the many ways to trade forex.

Scalping is a method of trading where the traders enter a trade and exit the trade in a very short amount of time.

Some scalpers would stay in the trade for less than a minute.

Simply put, the goal to forex scalping is to earn or profit a few point or pips from the market.

On average, scalpers would target 5-10 pips and they would close the trades.

So what are the Advantages and Disadvantages of Scalping In Forex?


The Advantages of Scalping

• Very effective method of using capital with minimal risk per trade.
• High percentage win rate.
• Scalping is suitable for the impatient trader who is prepared to devote a lot of time and continuous focus to the market.
• Event risk is small as the scalper will usually be almost certain of a fill at the chosen exit point even if conditions suddenly change.

The Disadvantages of Scalping:

• Scalping is intense, draining, and demands a lot of screen time. Accurate timing is vital.
• Higher cost per unit of profit than longer term strategies.
• Scalping requires complex knowledge of market structure and order flow.
• Scalping can be very stressful and is not suitable for spread betting.
• Scalping fee of $1 per Mini Lot (10,000 base currency) applies. Relative fee applies.
• Minimum trade fee of $1 applies.

Yours sincerely,




 Check Out my other posts here- My Justinnation
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