Wednesday, May 26, 2010

The Volatile Goldmine - Forex Market

I have stopped writing blog since early this month. I focus most of my time in the volatile environment. Most of the amateur players were knocked down during this period. On the 6 of May 2010, I consider that day was a Tsunami in Forex Market. If you are in the wrong positions and no risk management in hand, your equity will be wiped out in a matters of hours. I was slightly affected but quickly take action to encounter it. Dow Jones Index dropped 1000 points in just less then half an hours. Anyway, it was a good experience for me to weather the perfect storms.
If you are looking Gold in the volatile Goldmine, you need to well prepared or else you will be end up nothing. Forex market is not for everyone, you must be prepared for the worst and bring back your equity level. I see a lot of amateurs boast about themselves on the return they can make. For me, a real professional forex player is the one who can bring back the account if they experienced draw down.  From here, they can make money consistently  again. Most of the forex players have the draw down syndrome which eventually burn their accounts.
If you are looking for treasure in Forex Market in long term basic, make sure you equip yourself before starting this volatile games. I just like to play the game and if I lose, I will fight back and win again. That is one of the reasons make the games so exciting. I just loving it.
 
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