Saturday, January 22, 2011

Amacam trade? Ok?

Salam

Bagaimana kita tahu samada cara dan teknik trade yang kita praktiskan semakin baik dan menunjukkan kemajuan atau sebenarnya tiada langsung kemajuan sebaliknya semakin merosot. Pada pendapat saya ...dan hanya saya seorang...

Kemajuan mungkin dapat dinilai apabila;
    1. Dulu deposit SELALU, tapi sekarang deposit juga cuma KADANG-KADANG
    2. Dulu kena stop out SELALU, tapi sekarang JARANG-JARANG atau tak lagi.
    3. Dulu close -ve post memang BANYAK, sekarang masih -ve tapi semakin KURANG
    4. Dulu trade 10 post  RUGI 8 post, sekarang 10 post masih RUGI cuma dalam 4 post.
    5. Dulu tak pernah UNTUNG, sekarang tak pernah RUGI walau untung tak banyak.

Secara tak langsung pendapat ini mungkin dapat menjawab beberapa persoalan yang selalu saya terima berkaitan perkembangan trade saya. Pada pendapat saya, belajar cara trade yang betul dulu, untung akan datang dengan sendirinya dan bukan SEBALIKNYA. Tak untung tak apa tapi jangan sampai rugi.....betul?

" I'm newbie and will never stop learning"  

How Do You Succeed In This Business?

Salam ...
Saya terbaca dalam artikel BKForex mengeai persoalan yang biasa kita dengar iaitu bagaimana untuk belajar cara trade yang terbaik....bagaimana?
**Petikan dari artikel BKForex
He was like so many eager traders I've seen before.  A well groomed, earnest young man who looked at me expectantly as crowds of people swirled around us at the annual Dubai forex trade show.

"Tell me," he said, "how do you succeed in this business?"

Normally I would have launched into my stock answer about learning the key economic calendar events of G10, the importance of following the latest news and the need to practice on demo account. Blah. Blah. Blah.

However, something about the guy touched me and I replied with complete honesty.

"Want to really know how to trade?" I asked rhetorically.

"There is only one way. You open an account and just trade."

"But what about education, what about training?" he asked surprised at the bluntness of my answer.

I smiled and  shook my head."If you were studying to be a lawyer, a doctor or an engineer, that would be the way to go.  But trading is different.  In trading you need to do first and learn later. Until you've done one thousand trades you can't even begin to understand this game"

Trading is indeed different. It requires practice first and education second. That may seem counterintuitive but it is not. Trading at its core is the discipline of learning to minimize your mistakes. \Trading is such an unpredictable endeavor that it can never be taught in formulaic way like engineering. In trading professional perfection is impossible even if you know all the proper rules.

 To master trading you need to experience the frustration of selling when you meant to buy, the utter shock of an instant  three hundred point price move against you, the annoyance of seeing the spreads widen just as you are about to reach your profit target and a million other little disasters that they never tell you about in trading school.

Most importantly you need to learn about yourself. What mistakes will you make when you trade? Will you trade without a stop? Will you add to a losing position? Will you trade in revenge for an unexpected loss? Will you rush your entry? Will you exit too soon? Will you do all of this and more?

Only after you've traded blindly for a while can you begin to understand what it takes to succeed in this business. And only then will you become receptive to a proper trading education. Trading is first and foremost an exercise in psychology and although many gurus will promise to provide you an ironclad mindset, the truth of the matter is that this skill can't be taught. Confidence comes from competence and competence comes from endless rounds of practice and thousands of mistakes.

So if you really want to learn how to trade just trade. And keep trading and trading and trading and just like a baby who stumbles hundreds of times before he finally finds his balance and learns to walk, you will eventually begin to master the market.



**kita hanya dapat mengenali potensi dan kelemahan diri sendiri hanya apabila trade menggunakan account 'real'...tak percaya?

Thursday, January 13, 2011

Team Kuda Central


Salam…

Tread kali ini adalah tribute utk TKC iaitu Team Kuda Central.

Untuk pengetahuan semua, saya adalah pengguna tegar system "xXxtreme" yang diperkenalkan oleh "Secret Success Management" atau dikenali juga dengan nama Team Kuda. Mr Jazz adalah cikgu/wakil bagi kawasan tengah berpusat di Bandar Equine Park.

Oppss!! Jangan salah faham, saya bukan nak promosi atau menjual system sebab saya bukannya ada http://www.share.perjanjian.komisen.gaji.elaun @teamkudacentral.com pun tetapi lebih kepada berkongsi pengalaman . Kalau dah sesuatu tu bagus, kita kena ler kata bagus dan begitu juga sebaliknya. Memang kat luar tu banyak orang yang jual System, EA, Indicator dan sebagainya dan tak terkecuali juga dengan Team Kuda yang turut menjual system ini. Sesiapa yang sudah lama dalam bidang forex ni pasti setuju yang tak ada mana2 Sistem, Ea atau Indicator pun dalam dunia ni yang 100% tepat. Oleh itu menjadi kesilapan dan kesalahan besar diri sendiri jika kita menyerahkan sepenuhnya tanggungjawab MEMOREX kepada system atau EA yang dibeli sebaliknya kita perlu membuat keputusan sendiri apabila hendak membuka position.

Balik kepada sistem yang dikenali sebagai xXtreme, ianya perlu dijalankan secara manual dan bukannya secara auto, maknanya kita kena duduk depan computer dan execute system dengan penuh rasa tanggungjawab. Maknanya untung atau rugi adalah tanggung jawab kita sendiri dan bukannya system atau orang lain. Sebab itulah orang dulu-dula kata, belajar kena ada CIKGU. Tak faham BERTANYA. Rajin buat LATIHAN. Belajar dari KESILAPAN. Dalam ertikata lain, jangan asyik MENUNDING jari, jangan sibuk cari KESALAHAN orang, jangan BODOH SOMBONG dan jangan SYOK SENDIRI……tu jer.

Kelebihannya system ini dapat menunjukkan bila masa sesuai untuk buka post dan bila masanya kita perlu duduk diam. Satu yang saya suka system ini adalah ianya mengajar kita mendisiplinkan diri sebab kita hanya trade bila ada signal sahaja, kalau tak ada signal tu duduk jer diam-diam dan jangan buat apa-apa walaupun dalam hati meronta-ronta nak buka position dan tangan tu rasa gatal-gatal jer nak tekan keyboard.

Kesimpulannya, bila ada sahaja signal kita memang boleh hasilkan paling kurang 50pip dan paling tinggi saya pernah capai ialah 100pip (orang lain yang dah master mungkin lebih) dalam masa yang singkat. Itulah salah satu dari kelebihan "xXxtreme".

Lampiran dibawah adalah contoh bagaimana 100USD++ dihasilkan dalam masa 1 ½ jam dengan syarat kita buka position bila ada SIGNAL sahaja yer….jika langgar pantang, tanggung sendiri.


  
Lampiran 1.0


p/s: TKC atau Team Kuda Central yang diterajui oleh Mr Jazz pada pandangan saya adalah yang terbaik yang pernah saya temui. Sebagai cikgu, Mr Jazz sentiasa berkongsi pengalaman dan penemuan beliau dan trade dilakukan secara live setiap hari JUmaat di Mc D Equine Park…..secara LIVE!!!

Saturday, January 8, 2011

Top 10 Myths about Forex

Forex is a market where exchange of one currency with another currency takes place. It's the market which provides accessibility and liquidity to the traders to buy and sell one foreign currency in exchange of another.

Forex traders seek profit in buying currencies low and selling them high. This kind of trading became more popular with the widespread of the on-line Forex brokers. There is a lot of information available about Forex on the web. However there also many myths surrounding the foreign exchange market:

  1. Forex trading is easy. Many people that want to dive into the world of the foreign exchange market believe that the Forex trading is easy — you just read a book or two and then you will be able to earn daily profits with just 2-3 hours trading daily. Others think that they can buy a profitable strategy and it will make them rich in Forex. In reality that's just a myth. Succeeding in Forex isn't easier than mastering any other profession — it takes time, money and a lot of practice.
  2. "I will make money in Forex, if I can trade stocks successfully." Success in stock market doesn't imply that you will get success in Forex market — there are many differences between trading stocks and the spot currencies. First of all, Forex market requires a lot of hard work and dedication as this market is open for 24 hours a day. You cannot just sit in front of your computer for the whole day and night, so the best way is that you should find the most suitable time periods for trading. Second, "buy&hold" strategy simply won't work in Forex market. Third, you don't have that much information about currencies as you can get from the companies' reports and statistics.
  3. "I can make profit whenever I want if Forex market is open 24 hours a day."Once again, you won't be sitting in front of your PC for the whole day to be able to trade 24 hours. You'll have to develop automated trading software to get the advantage of 24 hours a day working schedule.
  4. "I can be a successful Forex trader just following someone else's signals." Many beginning traders get burned by the blind signal-following. That's like putting away the whole responsibility for your actions to someone else. That may sound cool, but in reality you end up with the huge losses. Learn to rely on your own knowledge and skills. Remember that there were no great signal-followers in any financial market.
  5. No commission is to be paid in Forex market. You only have to pay the spread, but you don't have to pay the commission. And what's spread? It is the difference between the buy and sell price of the currency pair at the same moment. You may end up with the major part of your profits in the broker's hands if you plan to rely on the short-term trading.
  6. Forex is a scam. Some skeptics and disappointed traders think that Forex is just some new fad to scam people for their hard earned money. Although there are many scams that are hiding behind the "brand" of Forex, that doesn't mean that the Forex itself is a scam. There are many institutional Forex brokers, regulated Forex account managers and other solid companies in the market to whom you can trust.
  7. "I need to exactly predict the market outcome to be profitable in Forex." There is no scientific method to know something in advance in the market with a 100% certainty. There would be no Forex market if you could know the exact currency rates beforehand. Trading is not the game of certainties; it's a game of odds. One of the first things that new traders learn is to think in the terms of probabilities and risk-to-reward ratios.
  8. "I need to use a very complex strategy to be successful in Forex." It's a popular myth, in which many on-line sellers would want you to believe. The main requirement to be successful in Forex is a self-discipline and money management. There are many traders that make consistent profits with rather simple and old strategies.
  9. "I need to have a lot of starting capital to get profit in Forex." Big capital investment won't help you in Forex. You don't need a lot of money to diversify in currencies and you can't move the currency rates with your trading orders (you'd need billions of dollars to do that). Actually you can trade with a very a little capital, because Forex trading is almost always leveraged with the broker's money.
  10. Forex is gambling because it's completely random. Although there is no certainty in Forex (as in any financial market) it doesn't mean that it's completely random. And it's certainly not a gambling, since your success in this market depends mostly on your skills and experience, not on your luck.

Knowledge is power — so it's better for you to learn distinguishing some stereotypical myths from the real thing. Don't fall for the promises of getting some easy profits in Forex, but don't be afraid of the market just because some people think it's not possible to earn there. Be rational — this quality will help you either if you are going to trade in Forex or not.

Sunday, January 2, 2011

Capitalism - "Currency Meltdown"


Wall Street - Money Never Sleeps