Take Part In Forex Contests!

If you want to know how good your trading is, you can always take part in Forex contest help by various websites.

Recently, i took part in a forex contest organized by FX Pro.

Visit Product Page	Visit Product Page	Visit Product Page

It only take a few minutes to register and every contest will have different time lenght.

Some would last 2 weeks while some goes on for a month.

For example, the one that I am in now goes on for the whole month of May 2013.

So, where can you find these contests?

You can find them in MyFxBook.com

Sign up with an account and you will be able to link MyFxBook to your trading account to see how your trading is fairing up.


At the time of this post, my position is at 304 out of 4234 competitors.

My account is up by 57.65%.
It is a long way behind the top guy who has registered a 7982.6% gain in just over week.

These high flyers are mostly trading Gold and Silver.

I checked them out of course :)

So why enter Forex Contents?

There is a prize money!

For this one, the winner will get $3000 funded into a FX Pro account.
So, to get the money, you need to register as a FX Pro user. Of course, you can trade with the money or withdraw it out after 1 day.

Pretty good huh... You can practice and win money at the same time.

The 2nd place will get a $2000 account and 3rd will win a $1000 account.

So, if you come across any forex contest out there, you can simply join the contest to see how well you perform againts traders from all over the world.

So, wish me luck.

Stop Losing Money In Forex!  Start Winning Consistently With THIS SYSTEM. CLICK HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

Your Forex Trading Strategy Is Everything

A good forex trading strategy can mean the difference between failure and success.

No sane person would jump into the forex market blindly.

You might as well set your money on fire if that’s what you’re going to do.

Sensible investors study the market carefully first, learn the ins and outs of currency trading -- and even then, before they launch into it, they devise a smart forex trading strategy.

The market is constantly changing and is not always predictable, true.

But you still need a strategy, one that allows for unknowns and surprises.

Your strategy should begin with how much money you can afford to lose.

That may sound like a negative outlook -- after all, the goal is to MAKE money, not lose it -- but common sense tells you that the forex market is a gamble.

There are precautions you can take that will make you less likely to lose your initial investment, but there’s no way to guarantee it.

Your strategy must allow for the possibility that you’ll take a bath, and for that reason you should never invest more than you can afford to lose.

Another good tip for your trading strategy is to avoid putting all your investments in one currency.

What’s the old saying about eggs and baskets? Yeah, don’t put ‘em all in one.

Spreading them out makes it much, much less likely that you’ll be wiped out, the way you would if you relied on one currency and it bottomed out.

As you prepare your trading strategy, make yourself aware of what the market is doing right now.

Is it trending upward, or downward? What’s the general mood among traders? They all have a strategy, too, and are eager to know what others are thinking.

Consider also what your timeline is.

How long do you want to stay in the market before taking your profits and getting out?

Your strategy must also involve learning the timing of the business.

Timing is everything: Too late or too early and your potential profit evaporates. As you learn to gauge the market and make trades at just the right time, your profits will increase.

A good strategy will factor in this learning curve and allow for a few mistakes at first.

Above all, to prepared to accept surprises when it comes to forex trading.

Strategy can only get you so far. The rest is ingenuity and a little bit of luck.

Stop Losing Money In Forex!  Start Winning Consistently With THIS SYSTEM. CLICK HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

How Is Forex Trading Different From Stock Trading

The foreign exchange market is also known as the FX market, and the forex market.

 Trading that takes place between two counties with different currencies is the basis for the fx market and the background of the trading in this market.

 The forex market is over thirty years old, established in the early 1970's.

The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies.

The difference between the stock market and the forex market is the vast trading that occurs on the forex market.

There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily.

The amount is much higher than the money traded on the daily stock market of any country.

The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries. The

What is traded, bought and sold on the forex market is something that can easily be liquidated, meaning it can be turned back to cash fast, or often times it is actually going to be cash.

From one currency to another, the availability of cash in the forex market is something that can happen fast for any investor from any country.

The difference between the stock market and the forex market is that the forex market is global, worldwide.

The stock market is something that takes place only within a country.

The stock market is based on businesses and products that are within a country, and the forex market takes that a step further to include any country.

The stock market has set business hours.

Generally, this is going to follow the business day, and will be closed on banking holidays and weekends.


The forex market is one that is open generally twenty four hours a day because the vast number of countries that are involved in forex trading, buying and selling are located in so many different times zones.

As one market is opening, another countries market is closing. This is the continual method of how the forex market trading occurs.

The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar.

However, in the forex market, you are involved with many types of countries, and many currencies.

You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market.

You Can  Make $1622 in 45 Minutes With This System. Download It For FREE HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

Daily Forex Report- 10 April 2013

Here is today's report on the Forex Market.

Source: www.askmariosingh.com

In general, no economy intends to lead global recovery since economic activities are highly sensitive to the direction of policies. The Euro Zone crisis is definitely not over and the two largest economies in the world present signs of entering another cycle after implementing aggressive monetary policies. It is still too early to say who will be the emancipator in 2013; it could be the U.S., China or even Japan.

Overall, sound performances of global equities are merely driven by the trimmed tail risk born last year, due to various global central banks squeezing out risk premia as much as they can, especially the European Central Bank (ECB). There is less correction across the board until now, which still echoes with low Vols and a “bull run” in the near term. Merge & acquisition (MA) deals increased sharply this year, while the rest of the world presented decreased activities. 

Back to fundamentals, imports from the two largest economies deteriorated since the beginning of 2010, largely due to the outbreak of the Euro Zone debt crisis. In other words, U.S. and Chinese growth failed to increase external trading revenue in the currency bloc.

Chinese economic challenges and equities market in the near run       

The Positive Side:
China’s 4Q Gross Domestic Product (GDP) expansion rebounded to 7.9%, exports and industrial production showed strong momentum in 1Q, while retail sales tumbled as Xi’s corporate luxury spending and corruption knocked off. In addition, private sectors and small- and medium-size enterprises (SME) grew more confident on the back of government infrastructure spending, since the HSBC Flash China Manufacturing Purchasing Managers’ Index (PMI) rarely outperformed the official PMI. A lower-than-expected Consumer Price Index (CPI) in March eased recent concern that officials intend to tighten policy after a massive infrastructure investment.

Many challenges ahead:
On the shadow banking curb ruling, it may be too early to assess the real impact of infrastructure stimuli announced last year and its sustainability. Limited financing channels in the second and third quarters added to worries over the implementation of those projects. Fortunately, the amount of social financing suddenly surged in the fourth quarter. With the size of shadow banking estimated at as much as CNY30 trillion, or around 15% of total assets in the Chinese banking system, many call for more regulations on financing activities. Regulators already stepped in to curb shadow banking growth by tightening wealth management products (WMP), preventing systematic and default risks, financing stress may again appear among the SMEs.

You Can  Make $1622 in 45 Minutes With This System. Download It For FREE HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

Forex Trading In Malaysia

I came across an interesting article about forex trading in Malaysia.

I once read that there was a Forex firm that was closed down by the authorities because our law do not allow any companies to be set up as a forex broker.

But with the internet, individuals can easily register with a foreign forex broker to trade forex. The down side is that we are not protected by the law in our own country.

Therefore, I think the smart thing to do is to have only a certain amount of capital in the forex broker that you are using. Always withdraw your profits into your bank accounts.

Anyway, here are 4 facts about trading forex in Malaysia that I found in another website:

Source: www.forextradingmalaysia.net 

New to forex? No worries. You need to start somewhere. It might as well be today. Before venturing in the exciting world of forex trading, you must understand these 4 FACTS.

1. Forex is technically “not legal” in Malaysia. Let me elaborate. Bank Negara Malaysia does not allow any deposit-taking by to take place by any representative (authorized or unauthorized) of a forex company. All deposit-taking must be done by persons registered under Bank Negara. However, if you trade on your own, you are entitled to use money as you wish, whether to trade or to gamble it away in a casino. It’s up to you. Your life, your call. The Malaysian law is hazy on this. I have not seen or heard of anyone yet who is arrested for trading forex. I won’t guarantee that this will never happen in the future so don’t take my word for this.

2. All forex brokers have HIDDEN FEES. There is no such thing as a totally honest forex broker. Their main purpose is to make profit, whether it is from charging for deposits, or charging for withdrawals, or charging from each transactions made through the spreads, forex brokers will find a way to squeeze some money from any activities made while using their services. Take for example FXPRIMUS. They position themselves as being an honest forex broker. I agree with them to certain extent. However, some things are not stated when they sell their services to you. When you try to withdraw money using wire transfer, they will charge $50 USD  just for that to happen. $50 USD is a lot for most of us Malaysians. That’s equivalent to RM150. So, for some, FXPRIMUS might not be the right option. Regardless of this fact, they are still quite decent and worth checking out.

3. Finding a good mentor to teach you how to trade correctly can be very hard. This is a FACT. Not many successful forex traders in Malaysia are willing to teach how they got to that stage. The skills gained from forex are earned through closed doors. No fan fare, no hype and gimmick. True mastery is gained in front of the computer with deep thinking involved. But once you do find a great mentor, it won’t be as you expected it to be. It may be in form of an e-book or a simple advice from an obscure blog or a discussion in a forum. Check out this website for more insight on finding the right forex mentor.

4. Forex traders in Malaysia are divided into different camps and groups.Let me explain.  Malaysian traders who trade with easy-forex will find it more easier to communicate and get support if they join groups such as easyforexmalaysia.com or Mocfx. If you happen to trade with Instaforex, there is a group for you to join in Malaysia. You could go to Carigold to find such groups or simply register with an established group such as instaforexmalaysia.net. One thing that I notice is that it is not advisable to trade with different brokers at the same time. This is the vibe I got by reading long discussions in online forums. It’s not that you can’t, its just that the sifu in these groups will only accept you if you show loyalty to their preferred forex broker.

 I believe that there are many forex traders out there. I think successful traders will be happy enough to be the 'silent millionaire'. If they are making a good living out of it, why spend more time promoting through seminars or classes.

To me, all of the seminars out there are just out there to attract newbies and in the end, promote something. To be fair, you can't blame them for it. They provide something and in return, hope that you will be their customer.

So, think twice about it....

You Can  Make $1622 in 45 Minutes With This System. Download It For FREE HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

Create Passive Income With Forex?

We all know that we should have multiple sources of income and a passive income is something that all of us would really like to have. But can we create passive income with FOREX?

In Forex, we need to trade (buy/ sell) in order to have a profit. So, does that counts as a passive income? I guess not......
But it can definitely be a method of an income source that you can generate from home.

Lets dig in more....



Forex is one huge industry that we cannot stand aside and ignore. It is a 4 trillion dollar industry and we see so many blogs and websites talking about making money from Forex everyday on the internet.

But let's get things straight first. Can we make money from Forex? The answer is <strong>YES</strong>.
Like the stock market, if you know how to trade the currencies, you will have a good chance of making a profit.

Another plus side of Forex is the small amount of investment that is required if you want to get into it. Most brokers offer good leverage and allow their customers to start with a $100 investment. better still, you can trade with a demo account before putting in your money.

With the leverage, you can have $100 in your forex trading account but you can trade like you have $100,000. This depends on your broker.

We cannot deny that Forex is a money making method because we will be able to find so much info about it on the net. Of course, some are real and some aren't. Just do a search on Youtube and you will see the astounding results of individuals and companies showing you tips and systems.

The real question is How Do You Trade Forex?
Well, if you do a little bit of research on the internet, you will come across something called EA. These EA's (expert advisor) are programs that you can use to help you trade the FOREX market.

There are a lot of them available in the market to day. You can get them easily but you must do your research before you purchase them because it seem to be a hot niche in the internet. You will come to realise that there will always be a new EA in a couple of weeks. So, check things out first.



Can we make passive income through FOREX?

Now, this must be the question most people are asking on the search engine...

The answer is YES but it depends on the level of knowledge that you are willing to gain. But first things first, you need to get a partner. What i mean was a reliable FOREX BROKER

There are a lot of brokers to choose from but here is one that I am currently using, it is called FX PRIMUS.

They are an award winning broker that provides great connection with their super fast servers to ensure your trades go well. In addition, their spreads are low so you make money easier.

Anyway, just to show how powerful Forex can be, i have put up my trades for April 2013...

So, you can really make money from home with FOREX.

You Can  Make $1622 in 45 Minutes With This System. Download It For FREE HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!