Is the Greenback coming back?

This is my last article of this year. I will be heading to Abu Dhabi & Dubai until 28 December 2009. The Forex market remain thin. Euro & Yen has been falling like hell for the last 4 weeks. A lot of traders will ask this question. Is USD coming back?
Well, below are my opinions.
1. November & December Forex market normally not reflect the "real movement" of the market. This is due to many big boys taking rest and unwinding their position for the year end closing.
2. As mentioned early in my articles, Financial Media Mogul is controlled by big boys. Beware when all the news support USD suddenly coming out to create fear in the market. Recently, Dubai and Europe Banks has been targeted by this group.
3. No doubt, in fundamental point of views; US is showing some improving with the perception ahead at least 6 months from now. The treasury yield curve suddenly steepen and now people will use it to compare EUR/USD. No more Dow Jones. Ha....you know what is called financial world now!
4.By the way, I am not in the mood to make any move. I will hedge my position especially EUR/USD. Technically, down trend has been formed.
5.The real party will start again after 5 January 2010.
Merry Christmas & Happy New Year 2010 to all my readers!

December: Holiday for most of the Forex 'Big Boys'.

For the last 3 weeks, my Forex account has been improved a lot and making money while I was travelling and enjoying holiday with my family. The system works for itself. If you were trading Forex market for more than 3 years, you know December is the holiday period for most of the big boys. London and New York are the 2 most active market for Forex transaction. Both accounted for more then 60% of the total Forex market transaction.
Everyone need a rest. During this month, the market volume is thin and it is good for small players to make money. I will keep my spread big so the position won't easily closed up. Big Boys will come back after the New Year with the huge volume and easily move the market. Anyway, if you are a player with small capital, chances for you to make money is to catch up the next big move.
As for me, I would like to see what will happen in the next 6 months since my positions is based on hedging and looking for market move in the range or trend. Sometimes, if market go against me, I will cut big losses which most of the amateur players scare of. My philosophy in Forex Market is "As long as you make money over the time as defined, you are the winner." The return is definitely much better then you park your money in the bank or put in to some lousy 'mutual fund'. 
December is a month for every one to recharge their battery and spend more time with family even you are in the most vicious financial market.

How to trade Forex market while having vacation.

I will be travelling to UK and Europe for the next 16 days. The trip will cover 18 cities in UK & Europe, namely: London, Glasgow, Edinburgh, New Castle Upon Tyne, York Minster, Leeds, Manchester, Liverpool, Birmingham, Warwick, Bristol, Cambridge, Amsterdam, Barcelona, Madrid, Dublin and Oslo.
While travelling, I won't miss out trading Forex Market. In fact, I find more relaxing and make more money while travelling by using swing and hedge methods. Well, I will bring along my iphone  to view market information if I need to. My laptop is used for execute trade. Basically I trade FX based on TA, I already set out a plan for the whole weeks for the entry and exit points. The good part about this methods is you set your mind free from all the 'noise'.. Anyway, it also have the negative side if the market drastically change which you may lose a winning position.
Based on my past experience, I tend to make more money while travelling which prove my trading style is more stick to swing strategy. One of the problem I face while travelling is finding high speed internet connection. To encounter the problem, I have to make sure all the hotels I stay come with high speed internet connection. I plan to buy a local sim card for internet connection which they called " Pay As You Go" a.k.a "Prepaid" in Malaysia.I hope this "Amazing Race" trip will bring a fruitful result for my FX account. 

Don't trust Financial Media.

Financial media as I view it as a tool for the big boys to create fear and greed for novice investors. 2 western famous financial media are CNBC and Bloomberg. I prefer Bloomberg than CNBC even both of them deceive novice investors mindset.
I never say the financial media are lying, but I urge you don't trust them by the time news are being released out. It broadcasts the late news which is too late for you to make the move in the market. Sometimes if you are lucky, you can make some money as the news released. During this time, the big boys will take profit as much as possible. Once they finished, either they will push up or pull down the market, it depends on the situation. They will use news to attract victims come in once they already make the big move, they will slwoly help to push up/pull down to prove their views.
When big boys crash with big boys, the market will be very volatile within a range. If you have time to monitor it 24 hours. This is the best time to make money by applying 'scapling' methods. Big boys can move the market if the market is less volatile too. I personally experienced it 2 weeks ago and saw the big movement of EUR/USD within 4 hours. It normally happened when they have are obliged to FX Options.(A derivative that predicted by real guru that will cause another financial meltdown.)
In the end of the day, if you don't have source to get the real breaking news, please switch off your TV if you want to trade FX for long.

Fundamental=Fun-d-mental

"Buy at bottom, sell at top..." The games which Big Boys always play, most of them will use media to attract victims before start the big moves. (If you follow the news pop up from TV, and buy/sell...chances for you to make money is very little.)
Back to fundamental, USD Index is rebound, all kind of news is giving an impression USD is coming back. Some predict it is just a short term consolidation and USD still remain weak.
Market is all about participants perception, no doubt economic of each country is the most important element that determine the perception. Interest Rate, GDP, Consumer confidence, Trade deficit, Employment Rate...you name it.... All this will create perception for the fundamentalist to make their move in FX market. The so-called self-reinforcing process will create trend up, down, up again...down again and the pattern will continue. It range from 1 minute to more than 1 decade long if you look at the chart.
Back to the topic again, US economic no doubt is improving even a lot of noise to distract novice investors. Most of the indicators are showing sign of recovery. Is the recovery bring back the strong dollar? You will be surprised to see stock market is going up, USD is heading south. Why? the so called "risk aversion" and "risk appetite" explain it all.
Ok, I don't like fundamental a lot but start looking at it since the account is getting bigger and long term trading is in my mind. Fun-d-mental=Making your mental think funny..
I take a pair for your review. I like this pair a lot since it is easy to understand; USD/JPY. Let look at Japan , it is an export based economy. What is the implication of stronger yen to Japan economy? Bad..very bad. The strong yen will make the export more expensive. It will destroyed the corporate earning if yen become stronger and this will affect the overall economy. Furthermore, BOJ maintain almost 0% interest rate. Does this encourage the carry trade? Yes, but the other way round. Big Boys will borrow yen and invest in high yield currency such as Aussie. This explains why the AUD went up for the last 6-9 months. Okay, I guess this simple explanation will give you a clue when to buy or sell yen. Of course there are other elements invovled.
In the end of the day, if you are a long term speculator in FX, fundamental is a very important element for you to understand beside TA.

When the Market Go Agianst You...

Forex is a very vicious market place. If you have limited capital and without experience & proper strategies, chances to burn your account is very fast. Most of the participants come in to the market hoping making fast money and turn out losing money fast.
I heard many participants cannot survive more then 2 years, 2 months and even 2 weeks. You will feel comfortable and confidence once you make money. We are human with emotion attached on it. How about when u start losing money? Our emotions will turn opposite and our brain start malfunction. Even experience traders who survive long enough in the market will experience this kind of feeling.
When the market go against me, how do I face it? I have a philosophy when I accept clients and always ask what level of risk they are willing to take. Most of them will leave it to me, I judge their risk based on different type of variables.  Anyway, let get back to the topic. Most of the time, I will take a break and hedge the position until I feel comfortable to trade again. I will go out for a drink with my friends and have a cup of coffee or green tea. (Starbucks will be my first choice)
Just to share with you, the last 2 days was a terrible trading days when the big boys start taking profit. It shook the USD/JPY and EUR/USD without any sign of fundamental and TA. The market hit few strong supports. In the end of the day, I call up my buddy and have a chit chat and meet up with some investors and prospects. At the time of writing, the market recover nearly 60-70%.
Even you are the best trader, sometimes you cannot predict accurately when the market will move against you. The only way to avoid it is by applying hedging (for me) and cut losses for certain traders. Both will minimize loses and stabilize your emotions. Trust me, when emotion get rid of reality of your brain, You are finished. Always remember, trading FX is not only science but it is an art too. "What Is Scientifically Optimal Is Psychologically Impossible” -Read my previous articles. http://msfx.blogspot.com/2009/06/is-trading-forex-art-or-science.html

Dance with the Market.

The Forex market plays the music almost 24/7, except after New York market closed on every Friday until Monday morning before Sydney market open. The music play wild on certain currencies following the time frame. Since most of the major pairs rely on USD, the music play the wildest during the London-New York overlapping session.
To become a successful trader, you need to find the right time frame that suit you. I spend most of my time in Kuala Lumpur, Malaysia. Occasionally I travel around the world. I normally following the Tokyo-London-New York session which is from GMT 0000-GMT 1200. Yes, during this hours, the forex market is like a wild party, the pairs (music) jumping up and down. If you are an amateur trader and cannot catch up the tune during this session, chances for you to lose money is huge.
Forex is a very unique party and full of different participants with all kind of perception. Some participants dance a for 5 minutes and leave the party. Some participants tend to following the music whole sessions. While the big boys stand on the stage become the deejay.
Some readers still ask me who are the big boys? Let me explain again, they are institutional players, banks, hedge fund managers and people who can influence the market. Most of them will set up the strategy to earn money as much and quick as possible. They have good friends (politicians and policy makers) and information tend to flow to them before it release out to the market. They tend to play different type of music to attract participants to the dancing floor and will stop it once they think the time is right. They will provide all type of liquid and create the illusion to the participants. Emotion will run wild once you see the illusion. To beat them, impossible! The only way to make money in the market, is to join them, listen what type of music they are going to play and dance with the market!
*I am writing this article at Starbucks cafe, (a place to prevent me from fall into sleep while watching people dancing on the floor). 

Trading Forex In Different Enviroment

The wonderful thing about being a Forex Trader is I can trade Forex at anywhere as long as it has internet connection. I like travelling around the world to see different culture.
Most of the time, I execute my trade at my SOHO with 2 laptops on my table. If I have 8 hours in front of screen during London-New York session, I will trade aggressively by applying the so called "scalping" method. It is like playing computer games, chances to make money is there but you need programming your brain well. It is a very tiring too. Emotion sometimes can overtake reality.
While I am travelling, I will monitor the market once or twice a day. I will preset the entry and exit points. Of course this type of trade may go or against you. By applying hedging methods, I tend to like this type of trade. For the last 2 weeks, I was at Kuantan, Malaysia and Bali, Indonesia. I made good money.
Lastly, I do some trading at cafe while have meeting with my business partners. Frankly, it is hard to trade in this environment since the you need concentration if you applying scalping. It is too long for you to see the results if you go for swing method.
In the end of the day, if you want to trade forex effectively, you need to prepare your trading skill in different environment unless you like PC so much and willing to stick in front of the screen 24/7. No body like that, I think.

The confession of a Forex trader.

The October market is wild. All major currencies go up against USD. The market perception is Buy 'whatever' against USD. As mentioned earlier, FX is a game of leverage.If you are using 1:1 leveraging, chances for you to make money is big but the return is very small. Most investors will look else where to get a better return.
To make money in Forex, I apply K.I.S.S concept. "Keep in simple and silly". There are few types of traders which the system they use conflict each other, every systems is applicable in different environments.
To spot opportunities in Forex market, I also very emphasis on technical analysis but only use 1-2 indicators. Too many indicators will make your brain malfunction and thinking too much. I always ask my clients what level of risk they are willing to take. If they have small account only, I will using a very 'conservative' method to accumulate the fund. The negative side of the method is you will miss a 'big win'. The positive site is the account will grow slowly.
For a clients with big fund, I tend to use 2 accounts to leverage each other. One for a higher return  and the second one for a 'steady and smaller' return. Do I make mistakes? Yes, I make mistakes, no trader is perfect. Once I make major mistakes, I will stop trading for a while.
I like to use time frame to leverage my accounts once mistakes are made. It may works for or against me. If I notice it against me, I will cut loses. Most of my prospects surprise to see big loses I cut. In the end of the day, I will tell them "Judge me in every 3 months, not every 3 weeks, 3 days, 3 hours, 3 minutes or *3 seconds.
*If opportunities come, 3 seconds can make money for you in FX market, this type of players called "Big Momentum" speculators. It always works on the first Friday of each month, 830am EST.

Entry and Exit Points

I am delighted to have a reader from a well known forex advisor from USA. I like his fundamental points of views on US economy.
Some of my prospects asked me how to make money in Forex market, they want fast money and huge return. I told them that I am not a machine which can calculate the exact entry and exit points.
To make fast money and huge return, machine is computerized to create fear and greed to attract the victims.If you are a novice trader, you will be experiencing what I explain below.
Let me give you a scenario, you think EUR/USD will go up and buy EUR and target certain profit. Once the market start going up before reaching your exit point, your emotion start playing. You either want to enter more trade or take profit. The first explain greed and the second explain fear in you. Once you enter another trade, the market may work against or for you.
To estimate accurately the entry and exit point is almost impossible. There are always two forces pushing each other to drive the price up and down. If you at the wrong side of the forces, you will be making losses.
There are many types of traders; scalped, swing, momentum, long term traders. The big boys will use all types of methods to affect trader psychology. If you want fast and huge profits, I strongly suggest you don't trade forex, as it may turn out fast and huge losses.
*For forex market, Fast=1 day to 1 month.  Huge=10% per week to 100% per month.

When Fundamental Collide with Technical Analysis

In FX market, generally there are 2 types of traders; Fundamentalist and Chartists . To make money in FX, you can either be one of these or both. It all depends how much capital is in your hand. Keynes is right about human behavior, we have limited resources but want to maximize our return. This create a character conflict between fundamental and technical analysis(TA).

Most of the experienced large capital traders tend to trade based on both aspects to hedge each down fall. Both can generate profit if it has been implemented by following the right systems. Basically if you are a 'small boy' and not 'big boy', most of the time you trade based on TA. Big boys have the sources to get the first hand news and drive the market in split second.

To content with my views, I can show you some events recently cause the dollars sliding down heavily against other currencies. I know most of the readers heard about "the doom day of USD" in the news, and closed the eyes sell USD against other currencies. When you have limited fund, every single pip mean a lot. If you enter the wrong trade and sell USD, you will burn your fingers.

Let me go back to the events. Ausie long term trend is up backed up by strong economy recovery and demand of commodities. Every one will buy AUD/USD. Let say you buy AUD/USD before it pull back and push up again, you will burn your finger with limited fund. AUD/USD pull back 2000 pips created artificially by Big Boys to adsorb more AUD before it shoot up again. Once the announcement that Australia raise interest rate which has been never be predicted. Big Boys laugh all the way, it shoot up nearly 3000 pips.

Financial world is a cruel world, the rich getting richer no matter the economy slump or boom. Those with limited capital need to be extremely careful when they step in the jungle to find the treasure. The wild animals are always waiting their victims!

Profit Vs Consistency in FX Market.

When I flip out newspaper advertisement column on FX seminar and read some very catchy words; 'Making USD50K in 1 month, Turn my account from USD10K to USD71K and the list go on..." I wonder why all the gurus still conduct seminar if they have incredible skills to make money in Forex market. I would say they are better then Soros, most of you know Soros never claimed himself as one of the greatest speculators.

Anyway, are the so called gurus making false statement? I don't know. When you really want to become a FX trader, you must ask yourself what you want. Of course, everyone will give me same answer, that's "making money". I would said "Making money consistently".

To make money consistently in FX market is not an easy task. As written in my previous articles, we are human with emotion attached on it. In fact the whole market movement is driven by emotion and perception. Some new traders can make money as advertised in the newspaper for a while, they will lose back once they are over confidence.

Another group will make money consistently but with a smaller return. This group is a bit sceptical, they tend to believe market is always right. Once they make mistake, they will get out quickly to avoid larger damage. They wont feel they miss the train as they know there is always the next train available to the party. As for me, I make money consistently in every 3 months for my clients. I admit some months like December and October are the volatile months. Volume in December is too thin where as Octorber always consider as the "Bull fight Bear" market. In this particular months, I always remind myself to be careful in the market.

Of course, Soros said before "Market is always wrong." If you have the power like him, you can say so. As I mentioned in my Forex party article, if you are big enough, you can be the deejay of the party and choose the music you like. However, with the size of transaction in FX market today, it is unlikely a single person can manipulate the market. But if you have FX good friends on your side, that is another different story.

Do you need good friends in FX market?

Read the title carefully. Do you need good friends in FX market? Yes! Definitely yes! But sadly, only when you are big enough, you have the chance to approach the "FX good friends".Who are them? Ok, let me make a list here.

1. Uncle Ben 2. Mr. Mervyn King 3.Mr Jean-Claude Trichet. 4.Masaaki Shirakawa Son. If you look at Forex market, it is like a Mafia Games. Those who ignore the rules and gangs, will be eliminated. Media is the good friend of this group. They use it as a channel to attract the 'victims' and 'kill' them easily.

Still not believe? Ok, let me show you some information to prove my views. Before cable drop 4 cents yesterday, everything publish in the financial media is positive about UK economy recovery. Mr. King personally addressed these issues. The amateur players bought GBP/USD as much as possible. Big boys with good friends sell the GBP quietly via their black boxes. Once they finish selling, the pound dropped the most since April versus the dollar yesterday and traded at its lowest in more than five months against the euro after Bank of England Governor Mervyn King said the currency’s weakness was “very helpful” to the U.K. economy.

Do I trade based on news? I think most of the successful traders which do not have the good friends above will switch off Bloomberg or CNBC from Monday to Friday. I read financial news during the weekend while I am enjoying my Caffe Mocha at Starbucks. From Monday to Friday, if I switch on TV, I will watch History, Discovery Channel and National Geography.

Forex: The Emotion Game.

The USD is heading for year low while I am writing this article. The long term speculator must be smiling watching their investment value double or triple in less than 1 year.
Currency market / FX is a gold mine for those who know the game well. As you are growing bigger, the chances for you to play long term strategy is increasing. The power is in your hand once you have bigger capital. The opportunity is always waiting for you to make money. Some of my friend want me to shares the secret of making money in FX. I gently reply them " If you have USD500K in the bank, I advise you take out USD100K for Forex and I will guarantee make money for you in less than 1 year." Most of them open the eyes and look at me. I smile back to them and reply "I know what you are thinking, let me explain how....", I continue "Are you looking for 3% per month, 5% per month or 100% in 3 months? (which is my best record...). Their eyes open bigger.
I show them the chart and start explain one of the methods I use. I also let them know the rules of thumbs in any investment, the higher the return, it come with higher risk. After my explanation, they agree with me but ask me why so many people lose money in Forex. I answer: "Simple, forex market is a game of emotion!" If you take out your emotion, you can clearly look at the big picture.
Anyway, Forex is not the game for those who are too greedy and treat it like casino. I also advise my clients don't open the trading account every week even I give permission them to do that. The more you look at your account, the more it will affect your emotion. Believe it or not, power of attraction is another element affectimg trader psychology. I also set rules for them to follow or else I won't accept them as my clients.

Cash is King! Forex Market is the Kingdom of Cash!

Beside being a Forex Trader, I am also a die hard entrepreneur. In my past experience, I always want to leverage on other assets such as human capital, properties to convert into more cash. I made a big mistake. In business and financial world. My belief is starting to change, (I hope it is not too late :)
Now, everything I do is to generate CASH, I believe Cash Is King and Forex Market is the Kingdom  full of Cash! Trillion of dollars is translated in the Forex market each day.
In business, no matter in the good or bad time, you need cash. In the good time, if you have cash you can generate more cash. In the bad time, you need more cash to sustain your business and if you have extra cash, you have the strongest bargaining power. Tycoons with cash in hand always like to use this phrase in their dealing."Take it or Leave it".
If Cash is King, where is the kingdom of cash? For me, the kingdom of cash is Forex Market, when you step in Forex Market, you are meeting millions of participants. All of them come into the kingdom for one purpose; to make more cash! Sadly, 90% of them come out of the Kingdom lose their cash. 10% of them stay in the Kingdom for a long period of time and hoping more participants will come in. Of course, more and more participants will come in each day to try thier luck. 10% of the participants will be smiling to welcome 90% of participants. We know the dinner is ready.

Create Passive Income with Forex Investment.

I think most of you feel uncomfortable with the article's title. Many investors view Forex is a high risk investment rather than other that  can create passive income such as property investment. In any investment games, if you don't know the rules and trick of the games, I consider it as high risk. Most of the investors think property is a safe investment until the recent sub prime meltdown hit the whole world economic.
Let go back to Forex games. I mentioned earlier that Forex Leverage is a double edged sword which either can 'kill' you or you can use it to 'kill' other participants. Bare on mind, Forex  is a Zero sum games, which mean if someone win, other site someone will lose.
Why I can use trading Forex as my passive income. Firstly, I know the basic rules of this game. Then, I apply hedging in my trading strategy. Rules and strategies are totally two different variable. Without knowing basic rules, you will 'die' in the games. After knowing the basic rules, you must have your own strategies, different participants have their own styles in trading Forex. I prefer 'relaxing' style by applying 'hedge' in my positions. Did I make loses in my positions? Yes, of course I did. When you view my track records, some even shock when they see I cut big losses. But when they see the bottom line over a period of 3 months, they feel comfortable to place their money with me.
Can Forex create passive income for you? Yes, as long as you know the how to play the game, every investment tools can create passive income. The magic of the Forex game is you can get a 'big bonus' if the opportunties come. You must focus and stay calm when the opportunities come. It will appear at least 3-4 times per month if you follow the FX market closely.

Why I still prefer hedging...

Most of you might heard terms called Hedge Fund. I like the word 'hedge'. I have been testing a lot of methods and try to beat the market. The result is not very promising. I believe most of the hedge fund manager strategies and philosophy: "You will never get right all the time!, Mr. Market is always right!". Finally, I go back to my most powerful method which suit my style. In my previous article, I wrote about trading Forex is based on personal style and I strongly prove the statement is 100% right after I went through lot of experiments.
When you trade Forex Market, you must feel comfortable after you place your trade. Once you start to feel worry, your portfolio will start to screw up. You will be making mistake again and again. Few major mistakes will make you feel uneasy and your brain start to malfunction. I advise you to stop immediately and take a rest at least for a day.
Well, I feel very comfortable when I hedge my position, I don't have to worry where the market is heading. I can go out and have a cup of Cappuccino at Starbucks and chat with my business partners on other deals. I don't have to stare at the monitor for the whole day. I only check my position once or twice a day. If I go for vacation, I can hedge it for a longer term or just close all my positions. The most beatiful things is; the return is much higher if compare to I sit infront of the screen. That is my style of trading. Who say you cannot sleep well if you trade Forex?

Forex Party

Bulls is back to stock market! Is the underlying fundamental support the market frenzy? I think the financial media mogul such as CNBC and Bloomberg really doing a good job create the party frenzy and attract a lot of retail investors. To most of the investors, the only way to make money is not miss the train and hope can join the party. Most of them simply "follow" the herd instinct and hoping for fast bucks.
I don't want to touch on stock market since my blog is focus on Forex Market. In Forex market, you are not worry when the music will stop in the party. The opportunities to join the party (make money) is always open as long as you follow the right music. However, most of the FX participants stop at the middle of the party  by choosing the wrong music. Based on my experiment in Forex Lab in my last article, I follow all type of music and try it out. If you want to continue to join the party, you need to follow the tune of the music. If you dance wild while the party is playing sentimental music, you are out. If you dance slow while the music is wild, you are out too. If you are a successful FX trader and have been surviving the party for more than 3 years, you know what I mean.
Yesterday, I read part of the Market Wizard which focus on the FX trader. Surprisingly, I discover if you are really big (I mean you have hundred billions dollar to join Forex Party). You can be the deejay of the party.

Forex Leverage: A Double-Edged Sword

What attract most traders come to Forex market is a very unique word: Leverage. Most of the traders are abusing this word and resulting 95% lose money. In the other hand, 5% of traders will use this magic word to maximize the return.

Human is the creature full of emotion. Emotional such as greed drive people come in to Forex and seek for high return. Most of the traders like to use leverage when they "think" the market is favor for them. My personal experience, if you 'think' the market is always with your site, you are looking for trouble. But 'Thinking' right with Mr. Market may resulting a huge profit if it comes with other concrete variables.

How does leverage work? Simple. If you have USD10,000 and open a forex account with ABC Bank which offer 100:1, it will give you 100xUSD10,000=USD1,000,000 to trade. Let say, you 'think' EUR/USD will move from 1.4000 t0 1.3500 since everyone like USD. Woola..you are right, after 2 weeks, you achieve your target. You will earn 0.0500(1.4000-1.3500)XUSD1,000,000=USD50,000. With capital USD10,000 you earn 5X in 2 weeks. Amazing return! Those treat Forex market as Casino like this style a lot.

Now, if suddenly some big players sell billions of USD against EUR. Ohh.....let see what happen. Since you are very confidence USD will appreciate and not willing to put stop loss or hedge it to avoid market pull back. Once the market move against you only 0.0100 (1.4100-1.4000), you account is totally wipe out!!!

I strongly suggest those who 'think' they are always right don't invest in Forex. Mr. Market is always right, not you!

Experiment In "Forex" Lab.

For the last 2 weeks, I "locked" myself in the "Forex Lab" and doing all kind of experiment on 6 type of major pairs currency. As Non Farm Payroll hit last Friday, USD/JPY spikes more than 200 pips. At the time of my writing, it shoot down more then 150 pips. It shows how volatile the market is. The same volatility shows in other pairs, the only difference is the magnitude and time frames.

Now (Tuesday 330pm EST), the market is waiting for the decisions of Fed on the sign of US interest rate which will be announced tomorrow; Wednesday 215pm EST. All the events stated above consider the crucial elements that move the forex market. Anyway, expectation always collide with reality. In fact expectation shows the "real" market movement which is being controlled by the participants' psychology. The final truth might drive the market in both way or remain sideways(which is unlikely in this volatile market).

To create hypothesis in this vicious market, it is almost impossible. The only way to beat the market is stick to the strong guidelines. As mentioned in my early articles, those who wish to find the Holy Grail in Forex market will dig the grave with their own teeth.

Speculation is Business not Gambling

I bought the book " The Alchemy of Finance" by Goerge Soros few years ago but put it aside. Recently, while I am involving in FX market, I need to read it again. To those who wish to trade FX, I advise you read this book. If you don't understand the contents and terms used by this legendary speculator, don't touch FX market. I feel a bit disappointed when the book tell a little about currency market.(Chapter 3 ) However, the whole book give a very impressive views how the market (both stock and currency market) and the participants interacted by postulating the reflexivity theory.No doubt after reading it, Soros is pro claimed as the legendary speculator.

His theories mostly related to psychology aspects and fundamentals values. Most of the novice investors dislike the terms "speculation" or "speculators". These words carry a bias of negative in their mindset, they prefer hearing "value investing" which is best to describe Warren Buffet.

Whether Buffet or Soros, both of them have one common in their investment priciples. They tend to discover the undiscovered truth before others. I would like to touch on Soros in this article.

As an active participant in FX market, I realise what he wrote is true especially in day trading. Most of my day trading is based on intuition and instinct, I tend to place an order before knowing the reasons behind it. I admit I am not a good day trader and do better in swing trading. However, I will exist the trade as soon as I feel uncomfortable about it. My exist can be profitable or incur losses.

The second element is speculations on the currency movement in long term. Soros admitted he is not good in catching the reversal points which most of the traders failed including me. I have a good friend from Bank of Mitsubishi Tokyo in Singapore who act as my adviser in yen trading. I was told yen will appreciate until 85 (which is a shocking figure to me). He is a pure fundamentalist and have some market information. I made a mistake by hedge it at 95, I set the the trigger at 90, I always provide margin of safety since my fund is limited. While I am writing this article, yen is heading back to 95. It reached 91.87. Catching bottom and reversal making me in doubt now. I rewrite my rules now; never predict the bottom and tops. As a conclusion, I contend speculation is business, not gambling.

Which pair you choose?

Forex Market is just like a market place with more then 50 products to choose. Are you looking something to buy/sell? Which pair you choose? Interesting questions for those who want to involve in FX trading business. Even though there are more the 50 pairs to choose but only handful of pairs that really attract forex trader, namely; EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD and AUD/USD. (Refer live forex quotes on the right)

When we have the capital/equity(term used in fx trading), we need to choose the pair(s) we wish to buy. Keynesian said that with the limited capital, we always try to maximize our profit. Keep that in mind, all the pairs mentioned above have different characteristic and you need to do a careful selection before touching them. Some of these are very hot and can burn your fingers easily. It is not easy to place a trade, the moment you place it, your account is already incur a loses with the spread differences. The spread can range from 2 pips to 5 pips. The 2 pips carry a big amount in your account if you highly leverage it.

I started FX by selecting USD/JPY which I thought is less volatile at that time. I was wrong. In certain events, it turns to be the most volatile pair. Now, I started to look other pairs and start playing with it. I found that every pairs offer different risk/reward concept and also very volatile in certain time frames. Anyway, if you are smart enough to time your entry, every pairs promise you the return in the long run.

A lot of my prospects asked me."Are you guarantee to make money in Forex Market?" I replied them. "Are you guarantee to make money in any business you venture in?" Trading Forex is like running a trading business, you need to know and experience every aspects in the market place to find the opportunities to make money. It is important to see the track records too before you invest in the business. It does not give you 100% to make money, but if it is more then 90%, you should consider.

"In China We Trust"?

I was reading an article written by a local fund manager which he seem to "Pro China" economy performance. I amused by his views. Well, no doubt China has emerged as the biggest 'tai ko' (Big Brother) who is holding more then USD 2 trillion reserve. Wow! That is a big number! You will notice the term "USD2 trillion" and not "EUR", "YEN" or any other form of currency. Almost 65% of the reserve is still in "In God We Trust" hand. Other in Euro, Yen, Gold etc...

Why China is still buying "In God We Trust" paper printed by Treasuries of the USA despite premier Wen Jia Bao critics the safety of their asset under USD.

1.No choice! Yes, no other nation is big enough to issue that kind of debt and of course not to mention serve the debt.

2.Federal Reserve is still the de facto world central bank which have the license to print money and recognised by almost 99% of the nations. By saying this, China can resale the debt to other nations by selling USD dominated debt. (It is unlikely since no other country has the financial muscle to do that). Noted that most of the super power economy nations are already owned the debt of "In God We Trust".

3. The "win-win" situation deal. USA to China:"(Tung Zhi).... You buy my debt, I buy your products" China export the products in exchange for the 'crazy' spending of Americans.

The situation is changing since China want to reduce the dependency solely to USA. But then again, you just can't ignore the country with the strongest purchasing power of 330++ millions population.

Indeed, China is still very much depend on the USA market. The world is entering the state of economy re balancing after the painful lesson caused by the USA. If the USA able to emerge again and learn from their mistake, can we still holding the slogan "In China We Trust!" or should we revert to "In God We Trust!" ...Have a deep thought!

Is "Luck" playing the role in trading Currency Market?

"Is luck playing the role in trading Currency Market?" a good friend of mine asked. I am giving him the answer now. "No"... If you think one trader can make more then 5% per month consistently based on luck, I advise you go to casino. Forex Market(FX) is not for those who want to try their luck. Then what? I was told to conduct FX course too, I humbly quote " I am not qualify." I recommend those who want to spend thousand of dollars to learn Forex simply flip the newspaper and google it will find many "Gurus" in the market.
Many people who go in the FX with as little as USD5000, and thinking to make million out of it. This is totally a wrong concept, it is better you go to the lottery shop and spend your money there. I should turn that statement around, if you have US1 million, you can easily make USD5000 out of it. Sound too little, then you won't survive long in FX market.
Let me share my views with you. If you don't like it, please give me constructive views and not try to promote your stuff here.
Beside all the basic rules which you can easily find on the Internet, trading successfully in FX is based on the personal style.
There are so-called scarp traders can do very well in their trading and make millions per year. This group have at least 2-3 screens in front of them and treat FX like a printing money machine, they act like "money changer" which you notice in the hypermarket. Sell and Buy in the split second.
The second group is so-called "swing trader". They will wait patiently and enter the trade when the opportunity comes. It is not easy to be in this group too. "The more you trade, the more you fail" is applied in this group which is totally opposite compare to the scarp trader.
The third group views trading currency as long term investment and apply "fundamental" analysis 90-100%. The long term investor will buy/sell and hold. If you want to be in this group, please make sure you do your margin calculation carefully. If the market is in your favor, you can make a lot by looking at your screen less the 3-4 times per month. It may go the other way as well.
The final group which I call it the "Ultimate Trader", simple...it combined all the 3 groups above.
When you have big fund and combined with all the basic rules, you can join this group. Can you find the Holy Grail in FX? Nope, I don't think so...

Do Not Fall In Love with the Forex Market... Don't hate it too, the market is always RIGHT!

This is one of the Basic Rules : Like the Forex Market but please don't fall in love with Forex Market! Don't hate it too, the market is always RIGHT!

A lot of people will treat Forex Market "love at the first sight" and hate it once they fail to get her. To "marry" the Forex Market (she/her), it is similar to marry your wife/husband. It is not easy, you must understand the psychology of the person. If she had a quarrel with you and you kept it up, it would create a nasty ending. Once you know her, you will tend to keep quite and stay cool, most of the time the ending will be better. When the situation is calm, you start to talk to her again, then make her laugh, everything will be back to normal. Of course, most of the people go in Forex Market do the opposite way and resulting a nasty ending. If you fight with the girlfriend/wife, most of the time you are loser. If you fight with the market, same it goes. If you hate the market, you will never "win" her heart. To stay long in the "marriage" with the Forex market, you must treat "her" well and remember she is always right! (This might be true in our life too.)

95:05 (Warning: FOREX Market is not for everyone)

I have been requested by someone to write the concept of 95:05 in Forex market. Yes! listen carefully, 95% forex players/traders/investors/speculators (whatever you name it!) lose money in Forex Market. Only 5% can make it and profit from the market, the winners obviously will score high returns with average at least more then 3% per month.

There are no secret why this group of 5% can make money. In fact most of my blogs give a very clear picture on how the Forex market works. There is no short cut, it is just like other type of investment (stock market, mutual fund or even property), you need to know the basic rules. A lot of people jump in the game without apply the basic rules. (Can you use mutual fund style in FOREX? certainly a BIG "NO"). Once you can conquer the basic rules, you must like the game. It is just like any other games and great players; i.e.Tiger Wood hit 6000 balls per day to make him the indisputable world champion. Please don't get me wrong and trade as many as you can in Forex. (The rules in Forex is totally different with golf!).

Most of the players play Forex by treating it like a casino. They think their bets can give them 100% return instantly. Once their bets is right for few times continuously, the "GREED" horn starts growing from the head, they start high leveraging. Then... you know the ending. It is like the same scenario happen in the casino, you will see most of the players lose all the money and the house will always win.

For those who have the Forex account, do you notice there is a very small printed Risk Warning under the customer agreement stated "Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts."

My advice to those who want to trade Forex themselves read and fully understand every single word under this small printed clauses. It carry a BIG meaning before you go in to this "Dangerous BUT High Reward" game. If you think you are not suitable to play this game, stay away!

Is the US Dollar under threat?

For those who trade Forex market, are you wonder USD is under threat? I think USD is seriously under threat due to recent development between BRIC,(especially BC; Refer: http://www.cnbc.com/id/31600755) . What is the short term impact towards FOREX market?

1. There will be substantial reduce of USD translated in FOREX, i.e. In the news above, Exporter and Importer from China & Brazil who used to use USD to finance the bilateral trade will shift the currency to Yuan and Real(Brazil Currency).

2.Big Boys (Hedge Fund, Banks who trade FX) may shift their attention to alternative currency such as Euro, Yen etc. The phenomena can be justified by USD Index which had declined recently.

3.The liquidity comparatively will be reduced. Since FX Market transaction is more then trillion dollars a day, so this will not affect the retail investors like you.

Are the Americans and other contries going to wait and let the USD depreciate in long term?

From the economy aspect, American knows BRIC already fed up buying their debt( paper printed in the thin air), they must do something. Of course different economists have different point of views.

My point of views (I am just a person who follow the logic and the market acceptance).

1. Even the US has the biggest debt in the world and technically bankrupt, one cannot ignore their buying power and population (300++ millions), many countries including China, India, Malaysia etc.... still view the US is the biggest importer. In other words, USD will be used widely if it involves transaction with the US.

2.All the biggest USD debt holders will not let USD depreciate. (It will reduce their asset's value)

3.Americans saving have been increased recently.(USD will be bought home and kept in their banks)

4.White House cannot simply print money as they may find difficulties to find USD takers.

5.If American's "real productivity" is coming back, then USD will be getting stronger again. (Note that Big American MNC is shifting back their resources such as factory back to America).

Above are some of my views.

In long term, USD will not face extinction but will not act as "Big" as in the market. We know China is not keen to float Yuan at this moment, things will change drastically if they are willing to do so. As Chinese is more rational than "Ang Mo", they will do things quietly so their asset will be protected.

FOREX: Long Term or Short Term?

In Forex market, there are different players with different point of views. One will tell you go for long term, it sounds like this " US Dollar is going doom soon, go long term in EURO, JPY etc..." Other will tell you, " US Dollar is still dominate the market, and the economy is showing sign of recovery, buy long term in USD". In the end of the day, you are confused whether going to buy or sell USD; or going to buy/sell USD for short or long term. My point of views, to buy/sell USD against other currency, you must know the participants of the market in the specific pairs. For example, if you trade USD/JPY, you must know the " big players" in the market and the time frame this players enter/exit the trade. It is tough to identify it, we don't have have the crystal ball like the "big boys" have. Even with the crystal ball, the "big boys" may make big mistakes if they are not careful.

Imagine you are watching "Casino Royale 007", a group of big boys playing poker games try to beat each other. All of them have the sufficient capital to 'earn' a seat on the table, in the end, only one winner. In Forex Market, the game is controlled by the different participants. Each of them with specific objective. Yen trader may be is an exporter or importer within specific time frame, they will enter/exit and follow by another group. The dynamic of the market is driven by supply and demand which will always move the price from one level to another level or back to equilibrium. The so-called fundamental and technical indicators for the investors to enter and exit the market will determine the chances to "win" or "loss". To trade long term or short term (or both) in Forex, it is depend how much "chips/capital" and "skills/strategies" you have to create the winning against losing chances. Of course, before you go in the market, you must willing to face the consequences and learn from it. Just like other games, practice makes perfect.

When "Big Boys" rules the game...

In Forex Market, there is a group who consider as the "house" in the casino. I refer them as 'Big Boys". Sometimes they are also known as "Market Maker".(In other word, they 'make' the market). The movement of this group is driven by their motive and objective. Who are their enemy? In the free market which is controlled by the wealthy capitalism, they only afraid of one enemy; (The Government). When the big boys "attack" the market by "directing" the price movement to their target, they will use various ways to 'shake' the novice investors emotion. When you look at the price movement, you will notice this group will always come in during and after the 'big fight' over. They are using massive capital to move the market to their destination. The 'big fight' is the point where it named "Resistance and Support" in financial term. Back to the history of 'Asian Financial Crisis' in 1997, some of greatest speculators punished the Asian Currencies including Malaysia Ringgit (RM) by using the same methods. When Malaysia Central Bank also known as Bank Negara facing outflow of huge fund overnight, the speculators 'dump/sell' ringgit. At the point the market could not absorb the massive capital outflow, RM experienced free fall from USD2.5 to USD 3.8. Economists and political leaders blamed the speculators, 'hot money' and 'asset bubble' phenomena. The speculators viewed the 'loop hole' in the supply and demand curve and punished the so called 'cronyism' system. The fact is if our country like Singapore which have huge reserve to counter the outflow, we would not experience this terror moment which make us 52% 'poorer' then Singapore. Who to be blamed?

When Machine "Crash" with Human....

While I am writing this articles, the Forex live platform window is beside it. I am seeing a Machine (which is preset) fight with human. Em...., sound like Terminator movie. Yes, when you look at the technical side, it will show the Resistance(R) and Support (S). In fact, every R&S is the point where the fight or "crash" will happen. Once the positive fundamental and 'noise' created by the market is stronger then machine, it will break to other level. If is the noise momentum is slow down, machine will win. The fight is consider "the crash" between rational(machine) and irrational (human).It happens over and over again in the Forex market. To make money in Forex market is not easy especially when you only can choose either machine or human. With the big fund(bullets) and real machine(black box) in hand, the house will always win unless you do your homework carefully. You will feel tired and even sleepy when you see the fight (red and blue color blinking). To avoid these senario, you can hedge(protect) the position by varios methods. In long term, those have more bullets will always make money faster and easily. It sound unfair, but this is the capitalism world, like it or not, you have to accept it.

Forex Market Vs Stock Market

For those who is familiar with stock market, you may want to take a look in Forex Market as another alternative investment portfolio.

Firstly, lets look at some key differences between the Forex market, and the Stock market. The Forex market can be traded 24 hours per day, but the Stock market is only open 8 hours per day. This fact alone creates a very large advantage in favor of the Forex market. It is considerably more expensive to trade stocks, than it is to trade currency, as the cost of Forex trade transactions are minimal, when compared to stock trade commission fees. However, it should be noted that due to technological advances over the last four or five years, the cost of stock trades have become considerably more reasonable.

Another Stock market flaw, is the fact that investors can fall victim to unscrupulous companies who may manipulate their stocks to a certain extent. Manipulation in the currency market is far more difficult to accomplish, if not impossible to do so. The fact that there are only six major currencies to be traded in the Forex market, is a clear advantage over the multitude of stocks available. Selecting what to trade and when, is much easier to accomplish with the Forex market. The leverage and liquidity found in the currency market is far greater than found in the Stock market, and the currency market as a whole is much larger than the Stock market.

For those who are wanted to know how to create passive income in FOREX Market, you can reach me at mikesmt@gmail.com

All the best in your investment!

Is Trading Forex an “Art” or “Science”?

Science is knowledge that developed and proven through experiment. Art is something abstract and as contrasted with scientific or technical subjects. Generally; Art=Psychology of Trading and Science=Technical Analysis. Once you view the chart (which most of the traders do), you need to know both aspects. Science will affect Art and vice verse. Both elements will always drive the price movement and once the expectation changes, so do the price direction. Smart speculators will always find the loophole of the financial system and use “Art” or “noise” to affect the price movement and novice investors emotion. They are the front liners; in every level, they will buy low (or sell high) while novice investors will always buy high (or sell low). But you will ask, “how low is low?” and “how high is high?”.The answer is “how much risk you willing to take and how deep is your pocket?” I would suggest you must have substantial capital stand by if you plan to invest in FOREX and always remember the basic rules of the games. I end this article with a quote:- “What Is Scientifically Optimal Is Psychologically Impossible”.

"Reflexivity" by Soros Vs Equilibrium Theory In FX Market.

Once again, I like to touch on this 79 years old man and the way he views market participants and reaction. Most of you who read his book will find a term called "reflexivity".

Wikipedia explains "Reflexivity is discordant with equilibrium theory, which stipulates that markets move towards equilibrium and that non-equilibrium fluctuations are merely random noise that will soon be corrected. In equilibrium theory, prices in the long run at equilibrium reflect the underlying fundamentals, which are unaffected by prices. Reflexivity asserts that prices do in fact influence the fundamentals and that these newly-influenced set of fundamentals then proceed to change expectations, thus influencing prices; the process continues in a self-reinforcing pattern. Because the pattern is self-reinforcing, markets tend towards disequilibrium. Sooner or later they reach a point where the sentiment is reversed and negative expectations become self-reinforcing in the downward direction, thereby explaining the familiar pattern of boom and bust cycles"

Well, for those who understand it, which "belief" you choose? My point of views;

Equilibrium defines supply (SS) and demand (DD) will meet in one point. Can this happen in FOREX Market? FX market is just like other market which driven by DD and SS, whether in short or long run, you will see the price come back to the original point.

"Reflexivity" will shift the demand and supply curves sharply where "noise" overcome "emotion". Behind every "loud noise" is back up by the strong force who eventually move the curve. If you are in FX market and follow the gullible "noise" at the point which pattern changes, it will burn your ass!!!

Economy (The Illussion Created by BIG BOYS) in FOREX Market

For those who read my blog, you notice that I like to use the term " BIG BOYS"... Btw, you will ask me, who the hack are they? In Mathematics Equation; BIG BOYS=CAPITALISTS . Economy= "A system in which a country’s WEALTH are controlled by private owners for profit, rather than by the state". Overall economy is an illusion created by the capitalist to capture country's wealth. In FOREX market, capitalist use it as a platform TO CAPTURE World's wealth. The capitalist will define the economy (the strongest element/variable effect FOREX Market) through channels like TV, Internet, Books etc.... Once you look at the 50 years economy chart movement, easily you can see up and down, in every cycle, it is well defined and implemented by the big boys. They will "eat up" all the followers and believer along the way... Same concept it apply to FOREX market, the big boys already layout the up coming daily, weekly, monthly, yearly chart to create GREED & FEAR in the market and "shake" the emotions of the decent retail investors like you. How to overcome it? The answer is become emotionless and do a complete study of the big boys movement, once you get it, let the system run automatically. But beware, if you are getting bigger, they will start looking at you.

What is the impact of "Carry Trade" to FOREX Market?

For those are familiar with FOREX Market, you will heard a term called "Carry Trade". In plain language, Carry trade is borrowing money from the country with low interest rate and fund the purchase of asset with higher return in the other country. Simple, if Japan offer 0.25% interest; it is wise to borrow Yen and fund the US Treasury which offer 5% return.

Investopedia explains Currency Carry Trade

Here's an example of a "yen carry trade": a trader borrows 1,000 yen from a Japanese bank, converts the funds into U.S. dollars and buys a bond for the equivalent amount. Let's assume that the bond pays 4.5% and the Japanese interest rate is set at 0%. The trader stands to make a profit of 4.5% (4.5% - 0%), as long as the exchange rate between the countries does not change. Many professional traders use this trade because the gains can become very large when leverage is taken into consideration. If the trader in our example uses a common leverage factor of 10:1, then she can stand to make a profit of 45%.

The big risk in a carry trade is the uncertainty of exchange rates. Using the example above, if the U.S. dollar was to fall in value relative to the Japanese yen, then the trader would run the risk of losing money. Also, these transactions are generally done with a lot of leverage, so a small movement in exchange rates can result in huge losses unless hedged appropriately.

I think you should get the clear picture now. The impact of carry trade can be very big if the economic experience "earthquake". One of the scenario it happened is back to end of 2008 and early of 2009. During this period, the Japanese unwind the carry trade (convert back USD to Yen) and it shifted the demand curve thus Yen appreciate tremendously. Again, to protect this kind of event, you need to hedge it properly. I am learning another hedging tool: FOREX Options. I need to experience it before sharing with you. At the same time, I feel very comfortable of my return in Forex with my current strategies.

Greed Vs Fear In Forex

In any investment, Greed and Fear will effect the players; investors(IV) or speculators(SP)- also known as market maker. Do you want to be an IV or SP? My answer is both in Forex Market. The speed of the Forex Market movement like thunder, shooting up very fast and so do coming down. SP will push up or down depend on their objectives while IV will sit there and wait. Forex- Spot Market is also associate with Forex Options. Those who had paid or collected the premium will do everything to move the market to their objectives. Anyway, wise SP or those who owns the "black box" can create fear to the normal players like you. Since FOREX unlike Stock market where u can view the order flow and exact volume, only those big boys have the real control of the pricing can move the market. This explain why normal retails investors are like the "deers" or "rabbits" running on the ground, while the big boys are "eagles" and "lions" watching from the high ground, when timing is right,....you know the ending...

How to make Money in the most liquid and volatile market in the world?

IS FOREX Trading risky? The answer is "Yes" or "No"

Yes: If you treat it like Casino by over leveraging your initial margin. Simple: If you have USD5000 to start with, leveraging 1:100 (you play up to USD500,000) will burn your ass once the market against you in 100 pips. Eg. You buy EUR/USD and if the market move 100 pips against u, you are finished. (IT CAN HAPPEN IN LESS THEN 1 SECOND!!!)

No:

1. You must know simple calculation. USD5000 pips max leverage is 1:1. Now,at least you have 5000 pips to deal with.

2. Hedging. (My definition of hedging is based on Deutsche Bank platform which allow you to sell/buy stop. Most of the platform allow you stop loss only)

3. Set yourself like machine: emmm.... we are human, this is the toughest part. "Torture your brain first"...Beside all this, you must know the psychology of the players ( Banks, Investment Banks, Hedge fund....those like Soros kind of player) ...Of course like all games, first hand news will be the best trading tool. If you have good friends like Ben Berneke, Obama, Jean-Claude Trichet, let me know.

Most of you have simple knowledge in investing will ask me...what about fundamental, technical analysis..etc..

My answer: Emotion=Fundamental + Technical

Come on.....All these are created by the big boys to "eat" you. My advice. "Turn off Bloomberg and CNBC" if you want to start trading in FOREX!!

Trading Forex is like running a Trading Business

Most of you heard about George Soros, the guy from Budapest, Hungary. He "break the Bank of England" and make $1billion in a single day... Wow! 24 hours and make $1 billion which able you ranked as Top 20 richest man in Malaysia. The fact is he is using $10billions to make the $1billion. Which mean he make 10% return in a single day.

Not surprising me in FOREX you can make this kind of return in one day, but to have $10billion?? that is another story.

I started view FOREX as a Gold Mine since Jan. 2008. Since then, I have been making little money for my Australia Trip in end of 2008. My other business, property development not doing so well due to the credit crunch.

Anyway, in Jan 2009(After my Australia Trip, I make some awesome return through a combined account with an investor. Unfortunately, I forced to close the account due to some problems created by this so called investor)

I am hoping to liquidate part of my property and focus more time in FOREX. Be frank, you need big $$$$$$$$$ to make $$$$$$ in Forex...I know the games by "throw" myself in the market...Even Soros make 10% per day, so when u heard those who make 100% per day, all the best to them.

I will start my FX company soon... Currently, I am a self trader in Forex Market. I have gone through a lot of frustrating, exciting, thrilling and rewarding moment.