Insurance for Bloggers

I just read from this news article from Bloomberg that bloggers and micro-bloggers now face getting lawsuits from their posts.

Gives me the shivers. I should be very extra careful on my posts from now on.

The Jademaster

I remember this story from "The New Market Wizards" by Jack Schwager as I was thinking about how I traded lately. I would not say that I am now a seasoned trader and will not make mistakes again but with the confidence I have lately I can say that I am the Jademaster. May the force be with us all.

One cold winter morning a young man walks five miles through the
snow. He knocks on the Jademaster's door.
The Jademaster answers with a broom in his hand.
"Yes?"
"I want to learn about Jade."
"Very well then, come in out of the cold."
They sit by the fire sipping hot green tea. The Jademaster presses a green stone deeply into the young
man's hand and begins to talk about tree frogs. After a few minutes, the young man interrupts.
"Excuse me, I am here to leam about Jade, not tree frogs."
The Jademaster takes the stone and tells the young man to go home and return in a week. The following
week the young man returns. The Jademaster presses another green stone into the young man's hand and
continues the story. Again, the young man interrupts. Again, the Jade-master sends him home. Weeks pass.
The young man interrupts less and less. The young man also learns to brew the hot green tea, clean up the
kitchen and sweep the floors. Spring comes.
One day, the young man observes, "The stone I hold is not genuine Jade."
I lean back in my chair, savoring the story. My student interrupts.
"OK. OK. That's a great story. I don't see what it has to do with making money. I come to you to find out
about the markets. I want to learn about the bulls and the bears, commodities, stocks, bonds, calls and
options. I want to make big money. You tell me a fable about Jade. What is this? You ..."
"That's all for now. Leave those price charts on the table. Come back next week."
Months pass. My student interrupts less and less as I continue the story of The Trader's Window.
-from The Trader's Window,
ED SEYKOTA

First Solar (FSLR) is Blazing Hot

I do not trade US stocks not because I do not want to but because I just don't have the capability to. Last week I told my sister about First Solar (FSLR), I said that this company looks interesting to trade because they have invented a new way to create solar cells that would make the solar power generation costs equal or cheaper than oil and gas electric plants.

Since then FSLR has jumped like more than $1 a day. now it is trading at $154. I see more rise in this as they will probably get more orders from their new and cheap thin-film solar cells. They recently got a billion dollar order from China.

Inviting All Forex Bloggers

I would like to invite people who love to write about forex trading. Just post a comment or send me an email if you are interested.

Unemplyment is Up in Most US States

Whoever said that the worst is over. Unemployment is still up in most states in the US with a highest of 15% in Michigan.

Help Me Buy My Iphone, Iphone Fund Launch

I am launching my Iphone fund today.

I have renamed my toolbar on the right my Iphone Fund. I am kindly requesting all the charitable people in the forex world to spare me some of your Paypal cents to help me buy my Iphone.

If everyone would like to know why I am obsessed with the Iphone, here is why. I made a post long time ago about forex trading on an Iphone. Everytime I check my Google Analytics, that post has always brought me the most visits. It has still been bringing me site visit from Google search up to now.

But up to now I still have not gotten an Iphone yet. It is not that my obsession for it has waned but it is still not available in the country where I live. I am an expat in a country that is so technologically advanced that they can live without the Iphone. In fact an Iphone would probably be just low-tech compared with the phones that they have here. Still I would not exchange it for any of their high-tech phones.

Anyways I may still have to dream and salivate about Iphone until I can move to another country that worships the Iphone.

Your cents will be appreciated. Dollars will not be bad also.

Cheers! Happy Trading!

I AM BACK PINOY FOREX TRADING WORLD!

Hello Pinoy Forex Trading World!

I am back and a I am hot!

I am trading again. I just cannot kick the habit of forex trading. It has been a good run for me since I last funded my account. It was probably 6 months or so I cannot remember but definitely not last year.

So far my NZDUSD trades have been going pretty well. I say trades meaning I already have like 9 open trades and I am still riding it. I am riding the bull wave.

I do not want to sound schizophrenic but I am starting to worry about the string of trades I did because everything is up and green that I am already thinking about when it will end and will it end with a bang. Some people do not get satisfied after all, I am winning but I am still worried.

We cant have it all.

Foreign Exchange Risk Management

Forex can be extraordinarily beneficial to a variety of people. It gives huge leverage rates, incompatible liquidity, convenience to trade on the Internet, and, of course, lots of money if you trade smartly.

Many are reluctant to involve in Forex trading because of its ‘risks’. But you must remember that there are risks everywhere! It is important to learn and manage your risk in forex trading.

One of the best methods to avoid unnecessary risks is avoid fraud dealer. The right Forex broker should be regulated legally and transparent on their investment offer and operations.

Forex trading has plenty of risk built right in. For example you may find a forex broker offering you a leverage of 200:1. but you must keep your trading real and know when your broker is facilitating your trade and when he is not.

Forex dealers may insist on high leverage values as this means more spread income for them. Trading in high leverage may increase your profit and increase your loss too. Careful forex risk management steps, however, can avoid this kind of trading.

Choose a broker that lets you control your risk from the beginning by committing only the amount you need to trade or can bear to lose. In that case you will be in a better position to use leverage wisely and get the most out of your investment with a proper risk management.

Manage Your Risks to Maximize Your Forex Trading Profits
The Forex market is volatile. Fluctuations in the foreign exchange rate between the time you place the trade and the time you attempt to liquidate it will affect the price of your Forex contract and the potential profit and losses relating to it.

To avoid losing all of your investment capital, you should have a pre-arrangement on your risk management profile limiting the Forex dealer not to overtake risk that you cannot handle

Diversification is another way to manage risks in Forex market. Trading one currency pair will generate few entry signals. If you wish to lower your risk in Forex market, it would be better to diversify your trades between several currencies. Try simultaneously trade on different pair of currency.

Avoid too high margin trade. Like any other trading business, the best advice you can get is to learn and practice more before you test your ‘wings’. Rely on the resources like seminars, eBooks, Internet, papers, video courses. You can also try out your skill on the demo account provided free.

Knowledge is the key to handle your risks in forex market. Before entering into the trade, the best thing you should do is educate yourself. What drives currency price movement? How to read analysis data? How to read chart indicators? Immediate settlement minimizes counter-party and operational risk. Trade smartly, and gain the maximum out of Forex.

"An Article from http://www.instantforexincome.com/forex_articles/foreign_exchange_risk_management.html."

Accurate Forex Signals

In a volatile and dynamic market like the forex everyone would require “a set of precise recommendations” or in other words accurate forex signals for successful trading.

Accurate forex signals are for the new or professional currencies traders who do not have time to do their own analysis. Accurate forex signals can also complement their own forecast with others.

A combination of fundamental and technical analysis forms the foundation of accurate Forex signals. Using a variety of technical studies, one can derive various types of accurate forex signals from currency charts.

For example the Simple Moving Average indicates buy signals when currency prices rise above the average line. Sell signals will be generated when the price falls below the moving average line.

MACD or Moving Average Convergence Divergence studies have a signal line that is used to generate a buy signal or a sell signal. An accurate forex signal can be generated with Volume indicators, which reflect the market interest. High volume can indicate the start of a new trend. On the other hand, low volume indicates investor uncertainty.

All considered together can form a relatively reliable set of accurate forex signals about how the market is going to move. The accurate forex signals can also be based on Neural Network analysis of raw market data across variety of Currency pairs.

An ideal forex signal system should take care of the following factors:
It should cover the full market. As long as the markets are open, the system should generate accurate forex signals for all major currency pairs.
The forex signal system must have real-time updates, which is a vital component for success.
The forex signals system should be capable of generating multi time-frame recommendations. World markets operate at different times and so should be the signal provider. The forex signals provider must take advantage of major shifts regardless of time zone differences.
The forex signals must present multiple intraday signals. It should provide different number of trading alerts daily. As a member of any such accurate forex signals service you should receive 1-3 trade signals during each trading day.
The accurate forex signals must have more than one delivery methods. For example you must receive them either via email or Instant Desktop Alert. This ensures that you never miss a signal.
One thing you must remember that no forex signals can be fool-proof. Accurate forex signals can give you good advice about which currencies to trade, but no signal service guarantees that their information is going to be 100% accurate. Reputable forex signal services will show you their historical data on past performances.

As the forex signal services involve a cost or subscription, as an individual trader you need to decide if the cost is worth it. Accurate forex signals can never take the place of trader education.

"An Article from http://www.instantforexincome.com/."

Holy Grail Trading Systems

The Holy Grail has always evaded us novice traders. I was doing an article on Forex Losers and I stumbled upon two trading systems that were proven to be Holy Grails. I read unbiased reviews from real traders testing out the trading systems on real accounts. The results were astounding.

The two trading systems are:

Forex Auto Pilot
Forex-Killer

Forex Auto Pilot was able to achieve a 600+ pips win during the test period of a few weeks while the Forex-Killer was able to bag about 700+ pips.

Pretty impressive for trading systems. Maybe the Holy Grail is just another click away.

Here are the Links to the two trading systems.

Forex Auto Pilot
Forex-Killer

Happy Hunting!