Catatan Harian Prediksi Forex...

How to be Better Investor?

8 Jan 2010

Sometimes we make decisions regarding our poor investment. That `s why we keep making the same mistakes: to involve our emotions.

Here are some common mistakes that we do:

Greed: Many people can resist the temptation that `s why it is important to have a different account for investment.
Pride, we tend to let the pride of ownership inflate the value of our investments. Like all parents think that your child is the most beautiful, but that is not always the case.
Lust: we tend to jump in when we heard some news, but perhaps it is better not to react so fast, because you can save time and dollars.
Envy: the tendency to want what other investors can lead you to chase stocks or mutual funds, with yields more recent, but it may be a losing strategy.
Rabies: The most damaging mistake that we can do is to make the investment decision, because we are angry. It is better to focus on its portfolio `s best goals of individual investments.
Sloth: you must always watch your investments from scratch, it doesn `t matter if you don` t like something. It `s an issue of intellectual assessment.

The best advice you can receive is to know what you're doing, don `t do business or invest personally like any other work without any emotion.

If you want to be a successful trader you need to know 2 things. The first is money management. You've probably heard dozens of times, some of you may also have implemented some form of management in their Lotto EA or trading strategies and I believe it will, just as it is.

In order to perform a proper money management you have to understand what the concept behind the two words is. Eventually you realize yourself that the number of games you intend to trade in your next should not be chosen by a function, the only variable that is how much money you currently have on your account. This can be achieved only with a certain kind of strategies we need to identify and describe first.

The Meaning of Money Management.
A concept is only 2 words: Money and Management.
To manage means to handle. When we talk about Money Management we are talking about money. What we want is to have direct control (management) for the way in which we invest our capital.

Now, when we place an order we have control over its volume (lots) are not included in "money" is directly involved. If we are managing our money with the knowledge, we must be able to translate this book for our currency deposit in order to estimate the potential losses associated with the order.

Traders Success
We had heard many times that if we want to win in Forex must never risk more than 2%. Be ', which allows you to keep in mind and we will see that it works.
What you do is just to quantify it is much more than 2% of capital and avoid the risk more than the sum time next time you open a position ... Sounds stupidly easy ... so why not you done?

If you want to win you must be willing to lose
At a first glance can say: win = good, missing = bad.
Following this reasoning is driven to believe that loss prevention is a good starting point for the long journey to becoming a successful Trader.
These strategies do not use Stoploss and let the losses grow until the market is finally back in their favor and the position becomes profitable.EAs developed on those strategies usually show very good profits and not losses at all (win relationship is usually more than 95%). This behavior is still stable for a relatively short period and when the loss is unexpected and is great ... sometimes a single series of losses is sufficient to exhaust the account empty. And 'the typical mistake of beginners who try to code his first Grail. There.Systems like this was working well until the market has a strong tendency in one direction, but it becomes very dangerous when the trend disappears or changes of direction.
Ignoring the loss is certainly not the way to go if we want to see our capital growth in the long / term, medium term.
We want our strategies to be able to survive in the toughest conditions you can find out there so you want to avoid using a system that works only for short periods, introducing the risk of losing much of our capital, when the things go wrong.

There Is No Safe Trading without Stoploss
Before coming to describe how to implement Money Management in a practical way, it's worth remembering something that kills a large number of beginners and experienced traders Traders.Many without the use of SL is difficult. That the codes tend to think that an EA will take care of everything, after market close and open positions babysitter ready to quit when things go wrong. Nothing could be further from the truth when they place a heavy truth.In SL I do not know when the position will close when the market turns against you ... actually you can not be certain that it will be closed to all! How can we expect then to manage your money with the knowledge?
A strategy that does not use hard Stoploss CAN NOT 'implementation of sound money management!
Level of SL are always chosen by looking at the current market conditions, the so-called price action. Who uses a fixed SL (say, very common 20 or 50 pips) probably has a very narrow view of the market and trade in general. SL, in fact, must be large enough to avoid being swept away when the market retraces back at you ... but not too large or you would have a very limited performance compared to the risk that's on the market.
As a general rule:
you want to have a lot of support / resistance levels as possible between current prices and your SL
This will ensure that, if the market turns against you has the ability to slow down and get back in the right direction before hitting your SL.

I hope we can help you achieve your goals and understand a little 'more about Forex and how to trade in it.

Things that money has cost us what we do

5 Jan 2010

There are somethings that money has cost us what we do, not paying attention, here are some of them :

Credit Card: Make sure you want to get the best rates and deal, stop paying more. If you do not receive a change in fair agreement for another company.
Debit Card: If you pay by debit card please be sure to write down the amount so you know what they have in you account, and will not pay for rejecting controls. It also makes it easier to track your money.
Ingnoring bank charges: Make sure you know what your bank is charging and try another bank that will not charge their office or not.
Investing in the right things: Create a weekly to-do list of your financial decisions (saving and spending) and then prioritized in terms of bang-for-the-buck over time.
Expenditure, without goals: if the money spent, but don `t why and where you need to pay attention to your spending habits and change them if necessary. Don `t waste your money.
Track spending: knowing exactly where your money is going.
Exercise: think this will help my finances, you notice that when you exercise to reduce your medical bills, so get moving and get a healthy lifestyle.

some mistakes when we use credit cards

1 Jan 2010

There are a number of errors we credit that really affect our credit score and cost us money to see what they are:

Late Payment: Even if you just too late for a few minutes it will cost you extra, interests and more.
Paying only the minimum: Credit cards holding that the time you pay the debt. It will not necessarily affect your credit score, but that does not mean that a good practice. Send in only the minimum payment "is certain to keep you in debt longer, and you go to one heck of a lot more in interest to pay," says Francis.
Buy on a card just for the rewards: It won `t affect your credit score, but you can get in a lot of debt without you noticing. Be careful with your shopping.
Missing a payment of: Not only will you be hit with fees, interest and other penalties if you miss a payment, but you'll probably see a rise in your interest.
Having too many cards: "There is rarely a good reason to get a new card if you have a general-purpose card, a rewards card and got a low interest rate card," says Cunningham.
Maxing a map: This really affects your credit score, because they evaluate how to manage credit. "It means you are not saved enough money to cover unexpected costs.
Playing the game transfer: It is not a good game to transfer credit from card to card, they just see how much debt you have.
Debt Arrangement Plans: Besides bankruptcy, debt settlement is the worst thing you can do to your credit score, "says Francis.
Getting a Cash Advance: You may feel like free money, but the truth is something else: You probably have a fee associated with the advance, and you'll probably pay a higher interest rate than you would using the map associated
Using a map on a pinch: When the refrigerator went on the fritz or the furnace conked by mid January, you may not have the resources to fund the immediate replacement. Fitting the bill on a credit card - and pay quickly over a few months - is a pretty solid option, says Cunningham.