Category Archives: Forex

Forex Trading – The Best Business?

Posted on by
Reply

picture-2 My open trade (150+ pip, indicated by blue arrow (buy order)

I think I’m inlove with businesses. Once I see an opportunity, I always wanted to pursue it. But like all busy people, time is the major problem. The most exciting part in doing business is the first few years of it. Its the most exciting where a lot of problems happening and problem solving is a thrill rush. But when I have an idea for a new business, I always do a check to my long term goal. After a few years, 20 or so, I want to retire. Or make money / trade anywhere / anytime and the only business that I can think of that fits the criteria is forex trading.

When I think of food business. I think of customer service (which I hate). Then think of forex where customer service is not present.

Forex trading is the best business model in my opinion and my long term goal should be (logically) go this way. Studying and learning more about forex and testing strategies should be mandatory if I want to be profitable in this trade.

What do you think? Do you think forex trading is the best business model?

Forex Trader Primer in the Philippines

Posted on by
5

Though, I have been on the look out for forex seminars here in the Philippines. I’m somewhat disappointed that most seminars that do come out are for 100% newbies. Most of these information can be found on the internet. But in the Philippines, not much information (offline).

It got me thinking. Maybe, I should create some series of forex trading primer so people who are behind the fence might be able to go in and try forex trading. Forex trading is just one way of trading different markets. Once you are good at it, stock market can be easy as a breeze. Although in a newbie perspective we know that the stock market can be kind of daunting.

Together with my forex forecast. I’ll try to get some articles up for newbies and hopefully get my forex forecast weekly before the market opens. That is, if I get enough time on my hands. I’m currently managing a couple of businesses.

I do apologize. But stick with me. This will be really cool.

Till then

Forex Forecast and Indicators

Posted on by
Reply

Starting today, I’ll be making some forecast of what I think will be the movement of the forex market. The analysis will be done weekly on daily charts on some major currency pairs like EURUSD, GBPUSD, USDJPY. So if you’re trading with these pairs, I invite you to share your thoughts and analysis with me as we journey towards a successful trading week.

Never Trade on Mondays

Posted on by
3

I’ve been reading some beginner stuff about forex trading and one thing that caught my attention is that many experienced trader always advice not to trade on mondays. The reason behind this is because you want to know what will be the starting setup for the coming week so letting the first days alone is crucial. It also has the less volatility when it comes to pip movement.

I don’t know… Since I started trading, I’m never been more excited about mondays. When I was still in a full time job, I despise mondays! But now, I’m excited and I can’t even sleep sometimes.

What do you think? Do you trade mondays?