Sunday, February 19, 2012

FOREX

Recently , 2 group of channels came together at the right time to guide me in Forex , which develop the BELIEVE to make money through this exciting financial asset

It gives me a platform for me to apply what i have learnt from ACCA P4 , in real money terms ! Mario favourite quote- CONSISTENTLY PROFITABLE ! is exciting with 5% ROI per month .With fundamental with technical analysis, it will helps in backing up my choice of trade.

here are the questions before start trading :-
Whether to buy / sell , it depends on when i exit .
when to enter .
how much to buy
when to exit
whether to move Stop loss
Identify trend / range before using indicator
Trend- trend / range - oscillator
candlestick to read

Mastery is the state where , you have undergo
- learning
-earning
-creating

Be BETTER , to be EASIER !

5 factors that will impact the forex - government policy, natural disaster, economy , international trade, political factor.

remember it is to 4 DECIMAL PLACES

match Strongest/ weakest ( BUY)

follow TREND ( fail once - sacrifice one SL) > REVERSAL ( fail always )
trend is the series of higher highs and higher lows ( at least 3 peaks ). SL = previous low

Calculate for range - 10% (EP) 75% (PT) 1/2 ( SL)

Risk = x.pip to SL.pip value / capital

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