Friday, October 19, 2012

How to Sustain in Forex


 I have been in forex for 2 years and found out that the main keys to sustain in Forex is consistency, discipline and patience and most importantly self-belief !

The below passage has it all > ...Share with you guys !

How to Become Successful at Forex Trading


How Do You Become a Successful Forex Trader?


Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail …

In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.

Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analysing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.

A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!

Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).

When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.

Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:

1. They stop trading all together

2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.

Or

3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.

The forex traders who go on to achieve greatness:

(a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.

(b) Wait for market conditions that suit their trading style.

This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.

Trading success is a result of consistency, discipline and patience and most importantly self-belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

 


Sunday, March 6, 2011

So Simple Pizza


Friday, October 1, 2010

沙姜鸡肉片 Sand Ginger Chicken

What is Shajiang (Kaempferia galanga) ?

Kaempferia galanga aka aromatic ginger, sand ginger, cutcherry or resurrection lily, it is found primarily in open areas in southern China, Taiwan, Cambodia and India, but is also widely cultivated throughout Southeast Asia.
I love the aromatic of sand ginger but many cannot stand it.
My mom brought back a lot of sand ginger and its leaves from hometown Kulim.
The aromatic of the ginger makes me recall my childhood moment .
Mmn....cannot resist the sand ginger dish cook by my late grandma 30 years back...
I decide to cook something with sand ginger.
Here is how i cook the dish.
1) Cut sand ginger and garlic into pcs
2) marinate some slices of chicken with salt,sugar,dark soya sauce, corn flour
for about 10 minutes.
3) heat up the wok with oil
4) add in 1) and stir fry
5) add in 2) and stir fry until fragrant
6) add a little bit of water
7) add in the sand ginger leave
8) cook for a while and serve hot

Photo a bit blur...however.. dish taste yummy !

后记:沙姜可化痰行气、消食开胃、健脾消水去湿和防疫等功效。

Friday, August 27, 2010

北京游之 长城 (居庸关)


你们大 人只管拍照,
其实,长城 怎比得上我们手中的冰其淋 啊 !
好吧! 看在冰其淋的份上,勉 强笑 一个吧!

嘿嘿!不是很肥哩,舅舅的技术有到家!

Saturday, August 7, 2010

北京游之启程

启程于大马国际机场

乘搭香港国泰航空

看看咱们乘坐的飞机,是如何起飞的 ?

转机于香港国际机场

香港国际机场, 拍个照留念!

乘坐港龙航空去北京

到达咯 !北京国际机场

北京国际机场 - 2010 六月十三
北京游的第一天

北京夜之风貌

Wednesday, June 2, 2010

Orange Butter Cupcakes


Ingredients A
1. 175g butter
2. 225g sugar
3. Rind of 1 orange

Ingredients B
1. 125ml UHT milk
2. 1/2 tsp orange juice

Ingredients C
1. 250g flour
2. 2 tsp baking powder
3. 1 tsp salt
Ingredients D
1. 3 eggs
Method
Preheat oven to 175 ºC. Cream (A) till light and fluffy. Stir in (B) gradually. Fold in sifted (C) ingredients. Beat in eggs one at a time.Spoon batter into paper cups up to eight-tenths full. Bake for 10 to 15 minutes.

Monday, May 31, 2010

Picket Fence