FOREX Trading
In the FOREX world, nothing is being sold and no service is being performed, but rather money is being exchanged. You are making a profit based on the actual exchange value of one currency against another currency. This eliminates the need for employees, such as customer service personnel and human resource people if your company were to become that big.
Also, because of the huge size of the FOREX market, trading nearly $1.5 trillion dollars a day, such things as social events, bad publicity, and changes in political climate will have no effect on your business. In fact, after studying FOREX, you will be able to see how these things will actually benefit your FOREX business. The third and last classical business truth is that most people are prevented from starting a home-based business because they don’t feel good enough about themselves.
They don’t feel like they’re educated enough. If you want to do it, step out. Take that first step. Don’t drop any huge sums of money, of course, but do a little research, make a small investment and start your adventure down to the road to FOREX trading. You don’t need a doctorite degree to get involved with FOREX trading, but after a couple of months of good study, it’s quite possible to generate a significant source of cash from FOREX trading.
Powerful Technique of 'Kuasa Forex'
"Berikan saya laptop & internet
dan letakkan saya di mana saja yang anda suka. 24 jam kemudian, saya boleh buktikan menghasilkan RM10,000 sehari"
(mahukah anda memiliki teknik dan rahsia yang sungguh dahsyat ini?)
"....pendapatan 3 hari forex saya telah menghasilkan RM$52,000 .....melebihi setahun gaji saya dahulu..."
Nasir Yacob,
Full Time FOREX & Kuala Lumpur Stock Exchange (KLSE) Trader/Investor
23 Mar 2007
Bagaimana KuasaForex menguntungkan anda?
Anda akan diberikan PERISIAN/SOFTWARE Istimewa indikator khas KUASAFOREX yang diertakan bersama pembelian ebook ini. Anda hanya perlu LONG(BUY) bila indicator berwarna biru & SHORT(SELL) bila indikator berwarna merah. Ianya lebih mudah dan senang untuk membolehkan anda trade dengan betul. (tidak ditunjukkan di sini)
Setelah anda tahu posisi mana yang harus anda ambil (sama ada BUY atau SELL), anda kemudian boleh melakukan trade menggunakan trading platform apa saja sama ada menggunakan Streamster Marketiva, FXCM TradeStation atau apa saja trading platform.
Contoh:
Jika anda menggunakan Streamster Marketiva dan bila anda check Indicator Kuasaforex, ia menunjukkan BUY untuk pair GBP/USD. Jadi, pada Streamster Marketiva (atau apa saja trading platform yg anda guna). anda klik "Offer" atau BUY. Bila selesai, anda kini telah mempunyai posisi LONG atau BUY. Begitulah caranya,tak kira sama ada anda trade guna Streamster, FXCM TradeStation ataupun Metatrader. Semuanya boleh. Yang penting, anda tahu arah pergerakan pasaran (sama ada UP or Down)
Indicator Kuasaforex ini memberikan trading 'tips' bagaikan seorang pakar memberi anda "tips" untuk mendapatkan trade yang meguntungkan. Penerangan lanjut akan diberikan secara terperinci di dalam ebook KUASAFOREX.
ebook KuasaForex juga akan memuatkan asas-asas bagi analisis teknikal (carta candlestick dan indicator lain-lain seperti MACD, RSI, Bollnger Band dan lain-lain) serta penerangan mengenai analisis fundamental yang mudah difahami.
Kuasaforex ini sangat sesuai untuk sesiapa saja, tak kira sama ada masih yang baru menceburi bidang forex ataupun yang telah berpengalaman tetapi masih tercari-cari trading method yang lebih menguntungkan.
General Trading Guidelines
Plan your trade and trade your plan: You must have a trading plan to succeed. A trading plan should consist of a position, why you enter, stop loss point, profit taking level, plus a sound money management strategy. A good plan will remove all the emotions from your trades.
The trend is your friend: Do not buck the trend. When the market is bullish, go long. On the reverse, if the market is bearish, you short. Never go against the trend.
Focus on capital preservation: This is the most important step that you must take when you deal with your trading capital. You main goal is to preserve the capital. Do not trade more than 10% of your deposit in a single trade. For example, if your total deposit is $10,000, every trade should limit to $1000. If you don't do this, you'll be out of the market very soon.
Know when to cut loss: If a trade goes against you, sell it and let go. Do not hold on to a bad trade hoping that the price will go up. Most likely, you end up losing more money. Before you enter a trade, decide your stop loss price, a price where you must sell when the trade turns sour. It depends on your risk profile as of how much you should set for the stop loss.
Take profit when the trade is good: Before entering a trade decide how much profit you are willing to take. When a trade turns out to be good, take the profit. You can take profit all at one go, or take profit in stages. When you've recovered your trading cost, you have nothing to lose. Sit tight and watch the profit run.
Be emotionless: Two biggest emotions in trading: greed and fear. Do not let greed and fear influence your trade. Trading is a mechanical process and it's not for the emotional ones. As Dr. Alexander Elder said in his book "Trading For A Living", if you sit next to a successful trader and observe him or her, you might not be able to tell whether he or she is making or losing money. That's how emotionally stable a successful trader is.
Do not trade based on tips from other people: Trade only when you have done your own research. Be an informed trader.
Keep a trading journal: When you buy a market instrument, write down the reasons why you buy, and your feelings at that time. You do the same when you sell. Analyze and write down the mistakes you've made, as well as things that you've done right. By referring to your trading journal, you learn from your past mistakes. Improve on your mistakes, keep learning and keep improving.
When in doubt, stay out: When you have doubt and not sure where the market is going, stay on the sideline. Sometimes, doing nothing is the best thing to do.
Do not overtrade: Ideally you should have 3-5 positions at a time. No more than that. If you have too many positions, you tend to be out of control and make emotional decisions when there is a change in market. Do not trade for the sake of trading.
Resource: Marketiva
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