Another Year Has Passed... Time For New Year Resolution

It is that time again where we look back on what we did for the past year as we welcome the arrival of the next.

So it is goodbye 2014 and Hello to 2015....

For me, this year can be considered as a so-so year..

Nothing much has change in my life...

I still have a GF..
I still live in the same place...
I still drive the same car....
I still make Not Enough $$$..... (u then again, $$$ is never enough right?)


Regardless of all those things I mentioned, I still think this past year has been fruitful in some ways...

I did my first marathon
I went overseas for a holiday
I extracted my wisdom tooth...

haha..... these are just some small stuff that happened throughout the year...


So, 2015 is coming and it is time again to make some new year resolution...

Do you make new year resolutions?

How To Manage Risk: Reward In Forex Trading

Today, I came a cross a very interesting article that explains on how a forex trader can manage their Risk: Reward ratio in their forex trading activity.

Your Risk: Reward ratio is very important if you want to be successful in growing your forex account on a consistent basis.

A good ratio can let your account grow even though you are only winning 50% of your trades.

In the forex trading world, it is whole course to study on its own.

So, i will let other experts teach you (as well as me :) )

Here is the article on how you can manage your forex Risk: Reward ratio:

Risk Reward and Money Management in Forex Trading

Forex Live Trades: 11 Dec 2014

Hi guys, here is a trade that I placed today....

EURAUD- Long @ 1.4854

Result: +50 pips

Yours sincerely,




 Check Out my other posts here- My Justinnation

Who Wants To Be A Millionaire With Forex Trading?

Trading the forex market is not a difficult thing to do.

In fact, anyone can do it as long as they have a computer with internet access and an account with any online forex broker out there.

Many online forex brokers allow traders to start trading with as low as $100.

This 'entry' is very tempting because it is such a small investment to make.


Now, I truly believe that there is tons of money to be made in the forex market but it is snot going to be easy.


You can profit for months and then lose all your hard earn profit in a couple of trades if you become greedy or make huge forex mistakes.


Well I am not a forex millionaire yet but I am driving towards this goal like many forex traders out there.

I am confident that it is only the matter of time bfore my equity grow to that amount and when that day arrives, I will be a Forex Millionaire.

Forex Live Trades: 5th Dec 2014

Hi guys, it is a Friday and it is also the 1st week of the month.

This means that Non-Farm Payroll in the USA is to be released.

During this time, it is best to avoid the market because you will get huge movement which may move up and down in a crazy manner.

However, I did have solid entries according to my trading system and I decided to take those trades because I monitored the charts and saw the huge movements.

My trade signals were all produced after those movements...

So here they are..... (all trades were close on Monday 8th Dec)


AUDUSD- Short @ 0.8330

Result: +35 pips

__

Forex Live Trades: 4 Dec 2014

It's the 1st week of the month and Non-Farm Payroll is tomorrow.

This is the time where forex traders have to be extra careful when trading..

I manged to put down 2 trades today and  the market went my direction...

I closed both trades manually because I ws happy enough with the amount of pips i gained.

here are the trades:

EURJPY - Long @ 147.72

Result: +81 pips

Beware of Forex Scams When Hunting For Your Best Forex System

It is not new that many people are now aware of the beauty of riches that can be achieved when you dabble your hands in Forex trading.

Getting a return of 20% in a month rather then in a few odd years does make people weak in their aim for the riches.

There are even traders that are doubling their accounts  every single month but beware, there are countless of people blowing up their accounts to.

It all comes to what you know and how you do it.

Like many other things, some people will be good t it and others, poor.

Due to this, many marketers are aiming the Forex niche as a gold mine.

New forex systems are constantly being released which promises to claim that they are the best forex system.

So how does one who is interested in forex trading choose and get their guidance?

Forex Live Trades: 3 Dec 2014

Here is another record of one of my live forex trades That I took on the 3rd Dec.

AUDUSD- Short @ 0.8450

Result: +30 pips

Yours sincerely,




 Check Out my other posts here- My Justinnation
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Forex Live Trades: 2 Dec 2014

Its a new month and we are the end of the year..

phew.. time flies...

anyway, it is time to post some trades.


AUDUSD - Long @ 0.8476

Result: + 40 pips

What Makes A Good Trader?

I want you to write this down so you can see it every single day! It should be your mantra. Memorize it!
“A good trader isn’t the trader who doesn’t lose, a good trader is the trader who can successfully manage those losses”.

I was talking to a fellow trader this evening, and we talked a lot about the emotional, trade, and risk management aspects of trading. What it all boils down to is how 90% of traders don’t get these aspects under their belt. They fight it to some degree. If it doesn’t have anything to do with the actual system, it’s not worth talking about. This is a costly point of view, it will make you unsuccessful as a trader. This is why 90% of traders fail and not easy to find a successful forex trader.

The 10% that do manage to embrace it are the few that do succeed. YOU are going to be among the successful few!
It’s important to know that losing a trade is no reflection on you as a trader, it happens to ALL traders. It doesn’t mean you can’t trade and it doesn’t mean you failed , just do it again and don't forget Money Management and learn more about Price Action Trading.

It’s how you manage these losing trades that makes you a good or bad trader.
If you lose a trade due to not trading the system, you might be a poor trader.
If you lose a trade because you jumped the gun, you might be a poor trader.
If you move your stop loss and end up with a large loss, you might be a poor trader.
If you trade based on emotions, you might be a poor forex trader.

You are none of these. You manage your trades. You take your losses in stride. The system dictates your trade management and you follow it. Your losses are never large, never more than the allotted risk. You understand that losses happen and you don’t let it get you down, you keep trading.

Source: Forexwinners.net

Yours sincerely,




 Check Out my other posts here- My Justinnation

Forex Live Trades : November 21st 2014

CHFJPY- Short @  122.73

Result: +106 pips

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EURUSD- Long  @  1.2566

Result: -61 pips

Forex Live Trades: November 20th 2014

GBPUSD -  Short @ 1.5667

Result: +20 pips

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EURUSD- Long  @ 1.2517

Result: -49 pips

USDCHF- Short  @ 0.9599

Result: -34 pips

EURGBP - Short  @ 0.7991

Result:  +62 pips

5 Things You Have To Know Before You Become A Trader

Forex trading is probably the only thing I can think of where you can start your own business for under $1,000 and could make $100,000 - $250,000 a year, even if you have never traded before. But here are 5 things you should know.

1. Trading goes against evolution. Let me explain. We are hard-wired to be conservative when we win and take greater risks when we lose. You can grow your bank balance more by increasing how much you trade when you win and decreasing when you lose.

2. Trading is counter intuitive. People who work for a living generally get paid more if they work more. Trading is not like that. No amount of hard work can force a trade to happen. It's more about timing than anything else. As a trader, you will probably spend most of your time reading, watching TV, or messing around on Google.

3. You have to be independent of thought. This is hard for human beings because we are actually social animals. We formed ourselves into tribes early on, and we generally think like a herd. As a trader, you have to have the ability to make a decision based on your own reasons, not that of anyone else. 

4. Strangely enough, most traders can get the direction of a trade right. It's everything else they screw up. They second guess themselves after they enter a trade, or they have no idea about money management. Most traders never take the time to learn the things that could make them successful.

5. Most traders never get past trading small amounts. I was on holiday once and saw a red Porsche boxster with the number plate FOREX1. I wondered to myself if the owner was a Forex trader. Anyway, I know hundreds of people who are good traders but always seem to stay trading small amounts. If you want to be rich, you have to think big. Happy Trading,

 Yours sincerely,




 Check Out my other posts here- My Justinnation

Forex Live Trades: Nov 19th 2014

Nov 19th

AUDUSD- Short  @  0.8687

Result:  +71 pips

Forex Live Trades: Nov 18th 2014

Nov 18th

NZDUSD - Long  @ 0.7947

Result: Lost

            -37 pips

 USDCHF - Short  @ 0.9616

Result: +40 pips

I also had a  for EURGBP which i didn't record down..

Result: +25 pips

Yours sincerely,




 Check Out my other posts here- My Justinnation

Forex Live Trades: Nov 17th 2014

This month, I decided to start my forex trading journal.

My aim is to become a millionaire in the next year trading forex.

Sounds impossible?

I think so too but life is about challenging the odds...

What I will do is record all of trades ( i hope) and share it here in my blog when I become a millionaire.

Im not sure if i can manage to record all of my trades but I will try my best.

So, here I go.

Im starting out in November 2014


Nov 17th

AUDUSD - Long  @  0.8778

Result: Lost 

            -100 pips

Taiwan Trip Day 4- Yang Ming San & Beitou

Its day 4 of our Taiwan trip and today, we are heading to Yang Ming San and Bei Tou

But before heading out, we stopped by at Fu Hang Dou Jiang

Check out the line queing up for this... no joke...

line in front of us

The line behind us

More Q after entering the building

After 1 and a half hour, we get what we came for

Boy the wait was worth waiting for.. all the snacks were awesome...and the salted 'Dou Jiang', it taste a bit like Chawamushi that you get in Japanese restaurants.

I just wonder if the queue is like this every single day.

And when we went back to that area 2 days later, .... YES, the queue is like that every single day....

After a sumptuous breafast, we head out to yang Ming San.

We went to Taipei Main Station and took a bus there.

The journey took quite a while..

Here are some shots at Yang Ming San

To be honest, there is nothing much here but for flowers, and plants...

The weather was great for a moment until the wind became too strong and rain poured down.

Once we were drenched, my gf started to feel sick...

So , we decided to head down the mountain.

The fog was to strong anyway... I can't even see anything 5 m ahead from me....  :(

Luckily, our next destination offers relaxation.

So, we took a bus to Shillin MRT and trasnfer to Bei Tou and then Xin Bei Tou.

We were there for 2 reasons, Ramen and Hot Spring.

So immediately, we went to this famous ramen restaurant.

Original Flavour

Seafood ramen

Miso based Ramen

Hot spring egg

Hot sping tofu

I forgot the name of this ramen restaurant. (maybe you can see from one of the pic)

The ramen was super delicious because we were too hungry and the hot soup tasted so great because of the rainy weather that we had to endure all afternoon.

After the meal, we look for a place for hot spring.

At Xin Bei Tou, there are many hot spring to choose from.

There are these hot spring hotels that you can stay based on hour.

They have packages that you can choose..

Because we didn't want to go to public hot spring where we have to be virtually naked, we rented a room.

Room comes with bed like a standard hotel

Hot spring enough room for 2

Enjoy a cup of teas after hot spring

man... the hot spring was really useful to recharge our body and mind from tiredness that we accumulated from walking so much at Yang Ming San.

Unfortunately, we couldn't experience those really authentic hot spring where we can enjoy the hot spring outdoors while looking into a beautiful scenery..

maybe next time...  :)

After checking out from the hotel, we headed back to Taipei and met Jinz''s friend and have 'Ma La' Steamboat at Xi Men Ding

That is it for Day 4....

cheers,

Yours sincerely,




 Check Out my other posts here- My Justinnation