WHAT IS FOREX TRADING?IS IT GAMBLING?

In this post, I would like to share with all the forex traders out there.Do you really know what is forex trading all about?In this opportunity, I would like to stress out and hightlight that forex trading is about CONFIDENCE, CONSISTENT, DISCIPLINE,MONEY MANAGEMENT, and it is mainly about know WHAT THE HELL ARE YOU DOING.Is it sound interesting instead of making profit or end up with losing your capital?I think most of the experience traders know about the reality of forex trading.There are always a lot of time where you end up with losing pips,but...no matter how many times u loss, as long as you follow your money management, and i'm very sure you will not have a margin call if you apply the good money management.

1. MONEY MANAGEMENT (THIS IS WHAT I APPLIED IN MY TRADING)
   Let say you have decided to risk at least 25usd from your total account, from your technical analysis, you noticed that it requires 100pips stoploss.Therefore the maximum value for 1 pips is equal to 25usd/100pips= 0.25usd.If the market reverse that means,you only loss 25usd.Thats is the right way how you should apply the basic money management.If your trading capital is 1000usd,that means it requires 40times straigt losing for your trading to demolish your capital.Is is possible to have 40times straight losing if you just have 2 trade per day?
   
2. CONFIDENCE (IT WILL GROW WHEN YOU HAVE A SUCCESS TRADE)
   Forex trading is also about the confidence inside you.Do you know why 95% of new traders failed?Lack of confidence is one of the reason.It doesn't make sense if you just start trading yesterday, and you decided to manage a high risk trade with 1 lot or 10 lot,without having a lot of experience on volatility of forex market and knowing the fundamental basic that effect the forex market(such as US election day yesterday-OBAMA wins!!!congratulation.)I started to grow my capital after 1 year struggle to understand about forex market.To achieve that,I'm facing a lot of losing money including having a margin call on my account.
   
3. CONSISTENT(JUST TRADE AS USUAL)
   Trading requires consistency.There are always a lot of opportunity for you to make profit in forex market.Always everyweek you will find that there are a huge volatility in forex market.If you follow your trading strategy and trade as usual, I'm very sure that you will make 1 or 2 best trade in a week.That trade can be used to cover your losses, or grow your trading capital.Is it sound fun?
   
4. DISCIPLINE(FOLLOW YOUR TRADING RULES) Do you have an experience making profit and losing trade.If u realize, there are always time where u make profit when you are really follow your trading rules.The time when you suffer loss is when you neglect on your trading rules.So, lets concentrate on your trading rules, so that you can become a discipline trader. HAPPY TRADING!!!!!! :)

tips: avoid trade during christmas because of low volume which make forex market more
risky.If you are really want to trade during Christmas week, make sure you reduce the
risk.Low volume can make forex market choppy..

The new market sentiment 'OIL PRICE'..

Agak lama saya tak update blog carisignal ni.Sehinggalah saya ada masa hari ini.Jadi student ni sebenarnya banyak masa.Lagi2 student engineering yg dah final sem.Memang bnyakkk sangat masa.Ok..Lets continue with our business.Baru2 ini sy dapat update dari mentor sy tentang new market sentiment yg berlaku dan apa yang trader2 dari seluruh dunia pikirkan skarang.Tidak lain dan tidak bukan adalah oil price yg boleh kita jadikan panduan utk kita masuk buy@sell.Anda boleh lihat setiap kali apabila oil price break high sebelumnyer..USD akan jatuh..Nice..Sebagai contoh, pair USD/JPY,apabila strategy technical anda mengeluarkan signal sell, anda akan confirmkan dgn oil price pada waktu itu.Sell hanya apabila anda benar2 yakin yang OIL price memang sedang naik.Mudah bukan?Waktu utk trade oil adalah dari pukul 9mlm-2.30pg(waktu malaysia).Sy ubah waktu trading sy dari waktu ptg ke waktu mlm,bermula jam 8 mlm.Bukan apa,sy tak mau ada false signal jika sy trade di petang hari, sebelum oil market open.Memandangkan FOREX market adalah peperangan diantara BUYER & SELLER, jadi..sy berpendapat,adalah perlu utk mengetahui apa yg trader2 dan 'big boys' sedang pikirkan sekarang.Focus pada oil price.K guys..Happy trading.

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