My Road to Financial FreedomMy Road to Financial FreedomHere I will try to post my experiences I make every day in the Forex market. I am a student of OrangeRoshan, and with his teachings I know I can become a successful trader. Please join me in my hunt for pips. Articles
Some books that helped me
2007-04-02 15:09:00 Here are a few books that I have read, and they all helped me become a better trader.Book DescriptionJapanese Candlestick Charting Techniques, provides an in-depth explanation of candlestick plotting and analysis, conveying to the reader, in easy-to-understand language, the author’s years of practical experience in this increasingly popular and dynamic approach to market analysis. It includes hundreds of examples that span the equity, futures, fixed-income, and foreign exchange markets and shows how candlestick charting techniques can be used in almost any market.Book DescriptionMaximizing the trader’s state of mind is the key to successful results. Conflicts, contradictions and paradoxes in thinking can spell disaster for even a highly motivated, astute and well grounded trader. Mark Douglas, a trader, personal trading coach, and industry consultant since 1982, sends the message that "thinking strategy" will profoundly influence a trader’s success rate. Douglas addresses five... More About: Books , Some
SRDC VI (long term trading)
2007-04-01 17:11:00 Yesterday was amazing, OrangeRoshan spend a little over 5 hours online with us to teach us a new trading method. SRDC VI.He was online with us from 2am his time. He is sacrificing his sleep, not to mention all of the work he puts in updating the Forum with new information, answering all the questions, and running all of his other businesses. I have no idea how he does. All I can hope for that one day I can be like that, and pay back.....Anyway, I could go on for hours about Orange, he is truly one of a kind!!The new method is used on higher time frames and will allow me to be a lot more relaxed about my trades, no need to constantly look at the charts anymore. I will be able to spend more time with my wife, and I can actually focus on my work.Everybody that was online in out VOIP tool was just amazed on how easy the setup is, even the exit is very simple, no more guess work.With the support of the whole group and can see that my goal might be reached before the year is over... More About: Trading , Long , Term
Forex Basics
2007-03-29 22:28:00 What is FOREX? The Fore ign Exchange market, also referred to as the "FOREX" or "Forex " or "Retail forex" or “FX” or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of about $2 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined! Forex rocks! What is traded on the Foreign Exchange? The simple answer is money. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the Euro dollar and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY). Because you're are not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a parti... More About: Basics |
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