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WHY HAVE
YOU DECIDED TO ENGAGE IN TRADE ON THE FX-MARKET?Money or
lifestyle?
The answer
may be simple, but I believe that it is different for each of us, that it is
mixed, connected and, finally, it can change with time.
 I trade FX
because of lifestyle!
Let me
share my story.
My wife and
I each own our own company and also manage them. In the years there has been
more than enough money in our family budget and we adjusted our lifestyle
accordingly. More time off and we reduced the number of work hours per week to
approximately 30 hours. Therefore, we have beautiful family life, as we know it
in the EU.
 My family's
current lifestyle is such that we spend July and August on vacation. Yes, two
months on vacation, and my wife and I still keep contact with the seat of the
company and coordinate work.At least five
times a year we take a one week vacation. I am currently writing this article
by a swimming pool in Ljubljana, capital of Slovenia. The kids are swimming and
my wife and I are drinking tea. This is our vacation before Christmas. (New Year's
decoration of Ljubljana)4 years ago
I came in contact with currency trade (FX-market). Then, we put our money in
management a…
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Boris avatar
Boris 30 Dec.

MY DREAM IS TO WIN A LOTTERY. ONE MIO EUR IS ENOUGH.

hakala avatar
hakala 30 Dec.

@ Boris: Than you should play lotto, not trade :)

hakala avatar
hakala 30 Dec.

@ Milani: Thank you my friend.

hakala avatar
hakala 30 Dec.

@ musmus: Thank you my friend.

musmus avatar
musmus 30 Dec.

I think you will have some problem with real live trading like we all had.But with common sence you will provale and you will be sucessfull.I wish you all the best.

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23/100
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HOLY GRAIL
 
I HAVE IT!
 
You
don't believe? Keep reading!
 
OK,
I admit, I won't mislead you with some strategy that is HOLY GRAIL. After many
centuries of trading, from village markets of the middle ages to the largest FX
market, NO ONE has yet presented a strategy, which would bring ONLY POSITIVE results.
 
However,
I do have two strategies, which brings more in than out. There is a problem
though: it is impossible to make an automatic robot, which would do trading
automatically. THIS MEANS, THEY ARE DEPENDENT FROM THE TRADER.
 
PROBLEMS:
 
1)        It’s not all about technical analysis, you
must also consider fundamental elements. In short, this means that you are not
selling gold when stock market indexes are dropping. Second example is
correlation between currencies and the third example is reports of central
banks (for example: we will hold EUR/CHF over 1.2 at any cost).
 
2)        Candle stick shapes. Many times, shadows
of candles tell more than the trend direction.
 
3)        What is shown by indicators,
divergences, peaks, pivots, previous day trading, day of the week and month,
holidays in certain countries, economic and political news …
 
As
you see, there are many …
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lolka1 avatar
lolka1 28 Dec.

Holly gral is good plan.

musmus avatar
musmus 29 Dec.

It is no holy gral outthere. We only have our strategies and discipline.

Boris avatar
Boris 30 Dec.

hOLY GRAIL DOES NOT EXIST

hakala avatar
hakala 30 Dec.

@ Boris: What do you mean? I have just wrote you maine Holy Grail.

musmus avatar
musmus 30 Dec.

This article realy speaks about core problem of FX trading. I too have some friends, that have lost all their money by trading FX. Stupid them. First school tnah work!

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21/100
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WHAT   IS  THIS ????
Well, my friends: IF  I 
WOULD  TRADE  FX  LIKE  FORREST  GUMP  WAS 
LIVING  HIS  LIFE, I  WOULD  BE  A  MILLIONAIRE!
I think, discipline is No. 1. enemy
of all my trades.It is No. 1 reason for my negative
trades.
Forrest Gump represented discipline
in a way, that this was not a problem form him.
 
1. Example
He did exactly what his Mama told
him to do. No questions asked !!!!!!!
She said: Stupid is what stupid does!
So, if I do some stupid thing,
then I'm stupid. Example: I do not have to do this or that trade, because we
all know, that has not broken the trend line...
And than I ask my self: Am I stupid
or am I deaf?
2. Example
Forrest's eternal love Jenny
said:  RUN  FORREST,  RUN
!
And that is what ALWAYS got him out of trouble.
OBEY  ME, said my mentor for
FX trading!
And what do I do?
I don't, because I don't have
discipline. If I could trade only intended trades, I would be a millionaire
like Forrest Gump.
I just have to trade 2 types of
trades. No more.
MAKE PIPS
KEEP PIPS
REPEAT
And repeat in a stile of Forrest Gump.
Just do, what you were told to do!
Nothing else!
Go Forrest Gump! I love you man.
After all this about Forrest Gump,
I should write somet…
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Anita avatar
Anita 28 Dec.

+1 for you.

lolka1 avatar
lolka1 28 Dec.

Good plan and trade like FORREST GUMP with discipline

musmus avatar
musmus 29 Dec.

Discipline like Forrest.

Boris avatar
Boris 30 Dec.

tHE BEST ARTICLE HERE

musmus avatar
musmus 30 Dec.

Since it is the end of the contest, I must say, that yours articles are realy good. You are not speking about strategies, because we are all full of them. Good luck with new project next year.

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5/100
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Trading GOLD on FX-trading platform or market, is NOT SAME as trading one currency (EUR/USD, GBP/USD, USD/JPY).
 
It's a little bit more SIMPLE.
 
That is good for you!
 
Why?
 
Because, we can make some comparison with free market of gold. Gold is a metal, people like it, industry like it, investors like it. At this moment, we have GLOBAL financial crisis, or at least in Europe we have it! There is practically no one investing in real estate, stocks are falling from the sky, deposits in banks are LOW.
 
Where should we invest our money? Where should or could invest money Asia, South America, India?
 
There are two or three currencies to invest to, but CHF for example was so getting so strong, that the Swiss National Bank lift the price of EUR/CHF to 1.2. Now it is not so effecitve to invest in this currency.
 
OK, here we have GOLD. We know, that this is a great way to invest. So we buy gold. The price is going to the sky. For the last 3 years, the price was going up in a nice manner. On the magical value of 1.900 $ for one ounce, the price made a correction. 21 % if we are counting!?
 
If you would check on the internet for articles about production cost for 1 ounce of gold, you …
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lolka1 avatar
lolka1 29 Dec.

Nice hammer on daily today forming.

Boris avatar
Boris 30 Dec.

GOLD CRASHED LIKE A ROCK

hakala avatar
hakala 30 Dec.

@ Boris: How far down you think it will go? If you add 20 % to your assumption, you have the perfect reason to buy and to put SL under your assumption. But you never know how far down will it go, therefore, you can not do long SELL.

musmus avatar
musmus 30 Dec.

It is not good to buy gold now.

musmus avatar
musmus 30 Dec.

Gold is great opportunity to earn a lot of money.Some are seling gold to other and live on commissions.Smal money.Others trade gold and earn big bucks.Live long and prosper to trade like big boy do.

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