Sunday, January 25, 2009

FREE FOREX SIGNAL - NOT REALLY

When people say free forex signal, it refer to an instruction to trade specific currency pair at a certain price. Normally this signal is based on the trader study and experience. It is more of a personal view of things to come.

In certain cases the signal does work. In a different situation, it fails. This is because the person giving that signal is also a small trader. His study is based on either technical or fundamental with no real money to back it up.

If that person is good, he will have enough followers and the total money traded towards his signal will back him up and make the currency move. If that person have very few followers, then he is swimming alone in a sea full of sharks.

That is what most of us do. We do not coordinate and we work alone in forex. Thats why the sharks are taking their time and making easy picking of us, swallowing one at a time. It doesnt sounds good but its the truth. Now you dont have to wonder why most people fails and why banks keep on making huge profit.

If you want to take forex signal, take it from someone who you can trust from inside the banks. They have a lot more info and study on forex. The amount of info, knowlegde, manpower and money is impossible for any of us to compete.

For some people who manage to find a method to be profitable in forex, its a good thing. You have found a way to take advantage of the system. The system after all is developed by human and human by itself is full of weaknesses.

For those of you who is losing, its time to think about swimming alone is a sea of sharks. Time to find friends and help each other out in terms of knowledge and money power.

Dont get me wrong, I am in profit today. I have found a way to take advantage of the system though its like a mouse, stealing food one little bit at a time. Better to profit a little than losing all the time but for how long are you willing to be the small fish. Always jumping in and out of trade. Hoping for the trend to hold long enough for you to gain a little profit.

In order for me to grow in forex, I need to team up. It has long been in my mind, just looking for the right opportunity and people. Anyone here think the same?
Read More... Résuméabuiyad
Friday, January 23, 2009

ALL IS DOWN

GbpUsd is not going up, celcom 3g is not getting better. Trading is getting slower. Looking at the daily chart GU is still a downtrend. Only time will tell in the mean time I stumble upon a system worth looking into. Its not mine but it is beautifully created taking into account the strength of trend. A style that is safe to me.

Trend has it momentum, when you enter when the momentum is strong enough the price will continue it course. Thats how you profit as a small fish
Read More... Résuméabuiyad
Thursday, January 15, 2009

Bold 2009 Prediction for You

Here's my bold prediction for you in 2009!

You will break your trading resolutions by the end of February.
  • You will abandon your trading plan
  • You will fall into the same destructive trading patterns you resolved to change
  • Your account will earn the same or less than in 2008
I know this this sounds harsh, but statistically speaking, that's what will happen to most traders. So, are you going to let this happen to you?

True, statistics cover populations and not individual traders. The fact is, its traders who are outside of th enorm and trade with focused discipline that really achieve their financial goals. When is now the time to re-focus with discipline and dedication and really commit yourself to your trading plan?

Today is January 15, 2009 and February is just around the corner.

Let this be your wake-up call!

Be honest with yourself and focus with the discipline of a seasoned trader on staying true to your trading plan or risk becoming a statistic!

Happy "Disciplined" Trading!!

ForexJourney.com
Read More... Résuméabuiyad
Monday, January 12, 2009

GU IS CLIMBING

In my long last post I mentioned I was waiting for 1.4650 level. It did reach and a bit more down. At the moment it is at 1.5000. Its a slow climb and looking at daily chart it is still a downtrend but if it maintain its course, it will go uptrend soon.

Still having trouble with internet. Celcom 3G is not as stable as it used to be. I cannot upload and having trouble login to forex account. Anyone else having problem with Celcom 3G??
Read More... Résuméabuiyad
Friday, January 9, 2009

How to Use Elliott Wave Analysis to Boost Your Forex Trading

A Free Trading Video From the World's Largest Market Forecasting Firm

This video lesson features Elliott Wave International Senior Currency Analyst, Jim Martens, demonstrating how you can use Elliott wave analysis to identify opportunities in your Forex trading.
This is just a short excerpt. For a limited time, you can access the full $79 online trading course, FREE.
Visit Elliott Wave International for your free access.

You'll get all the details behind the analysis you see in this video preview.


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Happy Trading!!

Forex Jourey
Read More... Résuméabuiyad