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Hai everyone......
Just call me Viz je...I've just started forex ni...just opened a real account early April '09 ...capital small je.....start from USD500.. it's the only amount that I'm willing to spend for this forex matter...hahaha..okidoki...I start this blog just to share with you all out there about my trades...I hope you all out there have the same mindset like me...positive & discipline when trading wooikey...
Ok.. for the start I wanna share my live....mmmmm not live but recorded live trading sesion from mypast few weeks experience..hhmmmmm quit horrible man...when the1st time I wanna enter the market, when it just negative 10-20 pips I started to sweat......hahaha..but until 21st May '09 my account equity is now at USD7,992.32...and it's still increasing.....mmmmm it's cool right.....You can view my updated statement here.... I'm willing to share it with you...If you wanna know more about how it's work, please register through form below...only registered member that I will entertain ok...REGISTRATION IS STILL FREE..!!You all can monitor my recorded "LIVE" trade at link attached.ooppss I've forgot.....I've opened a real account at www.FxPro.comMoney Management & Trading habits:
Maximum 5% risk per pair.
Your risk to profit ratio has to be minimum 1:2. That means if you are taking a 5% risk on a trade make sure your profit target would be at least 10%.Always have realistic targets.
More trades you take the more you expose your account for losses. No trader in this world can profit from every single market move.
Patience plays a big part in trading. Take the trades only if you are at least 90% sure of profiting from it. If you are not sure stay away from the trade. Staying on the sideline is as good as winning.
Always have a trading strategy … make a habit to stick to it doesn’t matter how desperate you are. Always trust your strategy but not bloomberg or some statement from citibank.
Your charts are your forex 'GURU'. Everything what you need to know about forex is on your charts. You will learn something new everyday from your charts.
Specialize in one or two pairs. Every single pair has it’s own characteristics. No two pairs are the same. Don’t trade all the pairs your broker can offer. If you specialize in one or two pairs very soon you will be able to read the pair like a road map. Stay away from the ranging markets.
Enjoy your trades yaaaa...wish U all a SUCCESS & PROFITABLE TRADESMY FEATURED "LIVE" RECORDED VIDEO21st May '0918th May '0915th May '09
