Menu

Forex trading in philippines

2 Comments

forex trading in philippines

It makes me sad when a friend wants to pursue a dream that is in line with yours, the journey could be fun with a close philippines besides you, but chose not to pursue his dream because of a shorter term goal and temptation of instant gratification. Like I always believe, the road to success is a lonely road. You will lose friends because not all people see the same opportunity and the future that you want to see. A successful person is courageous to continue to go on, even after losing all that he has, and even if the journey is his, alone to pursue, he will still go on. Being focused on a goal is important in any endeavor. Spending all your effort and time on a single business is what makes it successful. See the visionaries of our time. I will be honest with you. Since you have started your way to forex trading. Never expect to earn money with it. Not at least the first few years. Even more if you have another job and doing this part time. That is the truth. Do not expect to beat the market by being a part time trader. Do not expect to be rich with a half-assed effort. Doing that only means you are underestimating the market. It could be a retrace. Weekly philippines also showing weakness. Trade at your own risk. I was in a hiatus for 1 week. That is because I participated in a martial arts, full contact, knockdown karate competition. And I was injured. It took me a week to fully recover and so I am back. You may watch the video below to what kind of karate I practice. During those times, I kept on back testing my strategy. Day in, day out and I will backtest my strategy later tonight before I go to sleep. I want to make sure that I will follow my plan. To make it second nature. The reason being is I want to solidify my plan. I want to have a fixed, concrete goal. If I say, I want to be a millionaire by the yearI should have at least a plan to achieve it and a confirmation that it can happen, that its possible. And its definitely possible. With back testing, the shortest time I can reach this is 3 — 5 years. If and only if I follow my plan. Every broken plan will only delay me further. Another goal of mine is to have all the time in the world. Forex is forex ultimate vehicle to obtain ultimate freedom. I see myself doing 1 — 3 trades per month but the profit are enough for me to last a year. This is possible with the strategy I am back testing. I just hope that the market does not change enough to make it invalid. Crazy as it may sound. The only missing piece to all this plan and trading is patience. A lot of it. All things come to he who waits. I just have to keep the idea in forex head, that I will be a millionaire in 3 — 5 years time, the only payment for that is discipline and patience. Not a bad trade off in my opinion. Since because its more related to the real story in the comics and Peter Parker is a fun character, sarcastic and witty, like the real spiderman in the comics. You should watch it. I opened the trade a few days back. You can actually see the first time I blogged about this trade. Its a trade going for the short side. Right now, as of this writing, it has given us good amount of profit and the risk is now zero. Which means, I can add more position to it. Take a look at it, I think its awesome. I am guessing that it will continue to go down. They think they know where the price will go. You see, trading is simple. Its not easy but simple. You just have to bet whether it will go up or down. I opened this trade yesterday. As you know, I have been a contrarian trader. I like it when a lot of people shout the same stuff. Then majority of the people who are trading will want out. What did you say? Your mentor told you not to be bottom fishing? When looking for the bottom or the top, you need to find a way to determine a valid support and resistance lines and you place your trade near those lines. Actually, I think for me, one of the best skill to have other than try to sit around and wait patiently is to find support and resistance lines easily. It trading with practice and I suggest you start trading live immediately or do demo trading and try to look for those lines. There are tools to help you with that, fibonacci retracements, stochastics, rsi, zodiac signs, horoscope and my favorite, constellations. At this writing we are currently up by I think its a good attitude to have. I am now heavily invested into USDJPY. With 4 positions on the pair, I always look out for the nearest resistance to place my stop loss. Play defensive as one might say. But it seems pretty good trade so far. More forex trading before sleeping! The chart looks like this:. By the way, this is on daily chart. I see no reason to go long though. And I think I understand why some people would depend so much on the strategy. But in my experience in messing around with the news as a forex trading strategy, while waiting for the news to come out, like for example, the interest rates. Its hard for an ordinary person to predict what would be the interest rate. And with time pressure on your side before the news broke out, its just a matter of guessing now. I see a lot of this in stocks and currencies philippines. Its a great trade and the reason I closed is because of the strong resistance. As a rule of thumb for me when trading forexI get out when I am confused. As proof, a doji formed. But does it have to be that way? Philippines used forex bet big on position only to find myself in a hole when the position becomes a lost. Ignoring the fact that if you want to be successful in forex trading, I think, the wisdom of the old rich people are still the best advice. This rule have been integrated into my trading system. Being contented in making small but sure profits instead of betting the house for a once in a lifetime lottery trade. Small but sure, consistent profits is much better than luxurious profits with high risk. Look at what happened when the news went out for EURO. The situation there is terrible. Just one news and down it goes for more than pips in a few hours. I think the GBP will be next. Will it go up? Sure, but I think it is short lived and just a bluff. I think the short term traders may have made the pairs too overbought. Forex its a good opportunity for most of us to make money out of it. There was a confirmation of this about to happen in the daily chart. The reversal pattern and the cloud plus the green and red line all indicates a bearish flag. This is a high probability trade and we may see some consolidation tomorrow by making a new low then pulling back, then breaking all the way down. Leveraged trading may not be suitable trading all investors, so please ensure you fully understand the risks involved and seek independent advice if necessary. Forex Philippines Forex Trading Philippines Learn Forex Trading Search. Skip to primary content. Skip to secondary content. Forex Philippines About How To Trade Forex Brokers Social Trading Contact. Posted on June 16, by ForexPhil. Posted on June 15, by ForexPhil. Update on USDJPY Trade I opened the trade a few days back. Update on EURUSD I opened this trade yesterday. Where do we stand? Posted on June 14, by ForexPhil. The chart looks like this: Update Feb 9 Exit Trade I exit the trade with Posted on June 13, by ForexPhil. Do you trade with the news? Posted on June 12, by ForexPhil. Posted on June 11, by ForexPhil. Why did I choose bear?

INTRODUCTION TO FOREX TRADING (TAGALOG)

INTRODUCTION TO FOREX TRADING (TAGALOG)

2 thoughts on “Forex trading in philippines”

  1. aleksandro699 says:

    After Slim speaks up in favor of shooting the dog, Candy reluctantly allows Carlson to take the dog outside with his Luger and a shovel.

  2. AMikheev says:

    The telephone company adds lightning protection devices outside, but the primary purpose of these devices is to protect their network from indirect lightning strikes (where lightning strikes near but does not actually hit the lines.

Leave a Reply

Your email address will not be published. Required fields are marked *

inserted by FC2 system