03 June 2010

Salam for you all great trader..

Today is my 1st trade since im active back and plan to focus for long term period. .

Here The Trade Report, , :-

Trade Pair : GBP /USD
Time Frame Chart : 15Minute
Order : Sell
Entry Point : There is crossover on momentum Moving Average. . Signal crossover come out. .
RSI below 50 level. . Stochastic pointing down. . MACD bar went negative from
positive. .
Result : Winning Trade
Pips Gain : 44
Remarks : Trade closed due to Trailing Stop which is i have been set since the profit more
than 50 pips. . At the beginning of trade ,i've been set the Stop Loss at the most high
swing. . But since everything goes well and i see a good momentum,i set
Trailing Stop to maximize the profit. .

Anyway,eventhough this is juz demo account, it is good start for me. .
I forget that for this broker, 0.1 lot = 0.1 usd
Thats why i juz make a little profit. . .Cheh :)

Thats all for today. .

Salam Pips :-)

Born to be a trader

Salam..
today is holiday,so i prefer juz so stay home and doing analysis and some research to enhance my skill of trading..

Ok,im sure got someone were born to be a trader..Maybe me or u or someone else..

We all want to be success trader,for a long period and be a financial freedom..But thats not easy as it was..All is need high determination and ability to do whatever it takes to become Professional Trader. . To become professional trader,we must work and trade professionally. .

Quality work produce quality result, , ,simple ehh?

A new trader might begin like this . .>>

1st Month : Learn about Forex Currencies,what move it,about broker,and all basic thing. .
2nd Month : Be a friend with chart,getting know the basic indicator,learn the system and how it
works..Then,start open demo account. .
3rd Month : Continue the demo for second month. . Remember to have day report for your
daily trade and monthly statement report. .
4th Month : Keep doing your demo. .This is the last month for your demo account. . Based on
the report,u could see your improvement in the result and this would determine
how much your ability to make % of profit in a month. .
5th Month : Start live Account with 100usd. .(why 100usd?-this amount consider not too high)
Eventhough you loss all your account,it is not too pain compare than 1000usd. .
When everything goes well,you can redeposit with higher amount. .

This juz a simple picture. . Juz take it as learning session. .

Have a great day

Salam Pips :-)

The Power Of Money Management

Salam guys..

Its been long time already since i didn't update my blog..quite busy,modem broke out,sim card cannot read,,ayoyo...a lot of excuse ehh...hehe:-p

Now I feel fresh to start trade again and a lot of news and changes i think..
By the way,im still use the same system that i have been using before and maybe just change a little bit..Why?because i already prove that the winning ratio is much better and quite profitable..

For all trader whose still look for a perfect system,let me share with u guys,..
There is no perfect sytem in this world..Even the very good system produce 60% profit and friend of mine is consider among very successfull trader produce around 50% profit a month..

Ok,lets go through..
This is vey simple Money Management that most trader overlook..

Start with 1000usd in your account. . .

Capital : 1000 usd
Percentage of risk per trade : 3%
Lot per trade : 0.1 (depend on broker. . 1pips = 1usd)
Amount risk per trade : 30 usd
SL : 30 pips TP : 40 pips
Percentage of Winning ratio : 60%
So,
Every profit u cash in : 40usd
Every loss u cash out : 30usd . . . Get it??

Let say u trade from tuesday to thursday(monday n friday no trade due to opening and close day of market-no stress eh:), . , .total 12 trades a month right?. .
With 60% percentage of winning ratio, u should make 7 profit and 5 loss a month . .

Profit : 40(usd per trade) x 7 = 280
Loss : 30(usd per trade) x 5 = 150
Net Profit = 130usd

130usd is 13% out of 1000usd..and u could consider profitable trader if u could mantain it every month..Its not too hard is it?But u should be discipline and always follow ur money management rules..And dont forget 13% should blow up ur account if u apply the power of compound interest..find urself..hehe..

Thats all for today,.

Salam Pips :-)