Forex Education 3: Make Money in Forex Trading

How to Earn Money in Forex Trading Lots of Money (Image Credit: KimDioninc from flickr.com) Got stuck in the Pre-School of BabyPips’s School of Pipsology… But it’s not the school’s fault. The blame is on Mumsie FX. How the heck does a middle-aged woman figure out the moneymaking secrets of Forex? Aside from reading all available materials that everybody can find on the Internet, that is....

Forex Journal: Week of May 10 to 16, 2010

Finally! After a long time of waiting, my mt4pips.com account for FXStreet’s contest is now up and visible for everyone’s eyes! Can you see my awesome chart? Haha. I just discovered that trading with different currency pairs is so exciting! However, this week was not so good for me. (But why am I grinning instead of crying? Hehe!) My weak points were slowly showing up—which is actually...

Forex Journal: FXStreet – Trader of the Year Contest

Hello, everyone! On May 3, 2010, I joined FXStreet.com demo contest. Anybody here who did the same? Yay! I would love to hear from you, guys! First, I would like to thank my friend Mtu Pienga for inviting me (actually, he did some badgering to convince me–hehe) to join the contest. Yup, he invited me twice so I decided to sign up. (The truth why I refused the first time was sheer...

Monthly Review: Is it possible to trade Forex with only $250???

Hey, guys! Nobody has sent any emails yet. So, the invitation is still open. If you think trading GBP/JPY with only $250 is impossible, please send me an email saying… “Stop this craziness, young lady! You can’t possibly trade G/J with a stupid-crazy-small forex account of $250! Think again” I dare you (Disclaimer: said account is in demo not live sooo…) Here’s the result of my...

Forex Journal: Week of April 26 to 30, 2010

Hello, guys! This weekly review is very, very late! But it’s better late than never Besides, I posted it here just for my own good! Serves a friendly reminder every time I see my blog. He-he My gains for this week: I made a total of 129 pips. It’s been a good week. Yes, really. I’m quite happy to see that my once malnourished account was plumped back to having $240.75. I posted my trade...

Forex Journal: Trades Review for April 27, 2010

Hello guys! Today, I took two trades—both ‘bearish’ to GBP/JPY. My first trade made 10 pips while my second trade 54 pips. Not bad? Original Trade Setup: Trade #1 Entry: 145.33 Stop loss: 146.08 moved to 145.23 Take profit: 144.33 Trade #2 Entry: 144.89 Stop loss: 145.89 Take Profit: 143.40 =-=-=-=-=-=-=-= I shorted GBP/JPY at 145.33 after I spotted a regular bearish divergence both on...

Forex Journal: Week of April 19 to 23, 2010

It should have been a “very” good week if only I followed my trading plan. I was able to ride the uptrend on the GBP/JPY but was not able to hold on my original trading plan. (Ha! So my problem wasn’t the execution anymore? Grrr…) When would I learn that I should trust my trading plan?! (Echo: trust my trading plan… trading plan… plan… plan…) But hey, it really had been a crazy...

Forex Journal: Week of April 12 to 16, 2010

This week was crazy! I still didn’t know what happened but I guess I was possessed by a powerful and crazy soul who had been a loser during his time! LOL I called him “Friday trade monster”. He kind of look like this guy: Overall, this week was terrible. All my trades were executed badly. I didn’t want to end a negative week so I had to force trades. Grr… They were the three...

Forex Journal: Week of April 5 to 9, 2010

This week was a horrible week! I took only two trades–and guess what?! They both had negative results. Haha! The first one was a short on GBP/JPY at 143.28 which made a swooping -101 pips! I took this trade on a crazy Friday and was left open over the weekend. So, it joined list of hapless trades that were badly affected by the forex gap. Good for the bulls, bad for me! Grrr… The...

Forex Journal: The Return of the Come Back – Part II

I hope anyone reading this has already read the ‘Part I’ that I posted at MeetPips.com. And if you’re wondering what kind of a title this post has—well, I really love the sound of this title. Maybe because I feel like I’m coming back from to forex trading, right from just not ‘actually’ trading forex. Hmm, sounds confusing? I’ve been very busy ‘making myself busy’ these past...