Archive for: November 10, 2006

I did not realise that the forex market is so huge until I started to take interest in learning forex trading. Every day more than $1.5 trillion in currency trades are executed. That really dwarfs the combined daily volume of all the major exchanges in the world. This makes foreign currency exchange ( forex ) the top investment opportunity in the world. Advancement in internet technology , more relaxed regulations and globalisation have made currency trading accessible to every investors. And you know what … ? I need as little as US $500 to start trading forex , compared to the minimum sum of at least US$2000 for other types of trading like stocks , options and commodities futures and so on. But that does not mean good news , as the US $500 could be gone sooner too. It is not about the minimum starting capital in any kind of trading. Needless to say , this minimum sum attraction really sucked in a lot of beginners’ money. …

I started a blog … ( reminds me of a similarity with Bee Gees’ song titled ” I started a joke ” )

I used to have a misconception that blogging is only for young boys or young girls who want to write their personal diary online. Can you imagine a half century old folk learning blogging , joining myspace and posting in youtube ? Yes , that’s me ! How can I be left behind by the world ? We need to blog ! That is the way of life now. We need social networking , digitally. I am used to social networking , physically , in my business and working life. As a social drinker , I thought going for a few beer at pubs after work is the only way to socialise …

The idea of social networking websites is to let users build online profiles that promote their interests or hobbies or profession and help them connect with friends and friends-of friends around one of those interests. Recently I …

I just started to blog about trading now. But I always like to explore other traders’ blogs. Nestled somewhere in their writings is often a nugget that helps me to improve my own trading skills. I love to read other traders’ trading rules and their mindset or trading habits that makes them successful. 

To be frank , my first impression is that trading does not really need rules. You buy or sell a stock at your wish. You decide to get in and out of a trading position anytime you wish. You decide when to trade and when not to trade. If you are trading online at home you could even decide to trade half naked , have a bottle of beer by your side and all the freedom you want. Who cares ? The only rule probably is that you need to have sufficient money in your trading account to take a trade.  Why make things more difficult then by having the need for rules ?

All I can say now is that if anyone were to trade without a set of …