Violent Period of Time for Forex Trader

The last week of the month is always a dangerous period of time to trade forex. I don't know why but maybe a lot of important economic news were released, which affect the market movement towards the trend. The market still stay on trend, but not in the right movement. The range of movement is a bit higher than usual. So, if your account is very 'sensitive' you may need to avoid making any trade during this time.

If you want to make any trade, make sure your account is big enough to avoid any stop out during the opposite movement. Technical indicator doesn't show you the right precise direction of the market, but still ... it's good to trade aggressively during this time. I still need to learn something about this phenomena after my account was cleanly wiped out for trading the dangerous time.

First week of the month is the best time to trade forex. However, you have to be aware of NFP news release every Friday (first Friday of the month) to avoid losing a big movement. Happy trading and be a good trader.

"Stop Out" You Hit Me!

I was hit by Stop Out (S.O.) while trading FOREX today. It's Wednesday and I feel bad that my FXOPEN trading account go flat. However, I still manage to stay "green" because I've made more than 5000 cents pure profits after two weeks of doing this. I've withdraw around $50 so far, but unfortunately ... after a big profits from Babypips (Pick of the day) trade idea, I tried to be smart which end up with Stop Out.

The problem is, I go against the trend without any stop limit. I set the profit limit and leave. When I check it again, everything is close due to Stop Out. On daily time frame, the movement is turning red (going down), but H4 time frame suggest a blue movement (going up). As I put my trust into the wrong time frame, I go flat. Now, I understand that my technical indicator is compatible with 4H time frame. Next time, I have to trust H4 time frame pattern.

Why Network Marketing Is Not Direct Selling?

Controversial question. Most people get it wrong by saying that network marketing is equal to direct selling. Network marketing in a modern perspective is no longer equal to direct selling. Network marketing and direct selling are not the same thing.

If you sign up for any network marketing company out there, try asking your up-line or any of your group leader about this question. Their answer may determine their understanding about network marketing.

Trade Forex For Side Income

Many people trade forex for a living. As for me, I trade forex for side income. Forex trading is a risky business, but the reward is pleasing. Other group of people do the MLM business for side income. For some people, asking someone to sign up for a network marketing business is like asking a tiger to eat grass. People who feel this way can trade forex to make money for their side income, if not for a living. "I don't want to disturb other people!" they said.

Network marketing people minded focus on developing something (business) that will have no ending. It will keep going on even after death. This is the beauty of network marketing business model. But, it's not for everyone. For people who feel comfortable of getting the reward for what they do, forex trading is a good answer. Why don't you trade forex for side income?

Whether you choose to trade forex for side income or not, it's your decision.

Message From My Inbox

Maybe you think you know what "coaching" programs are. Well, I bet you don't know it the way Chris does it. This guy is GOOD at it, and he can help you achieve mind-blowing success so fast it'll make your head spin. Just listen to what his students say. It's unreal. That's a tremendous opportunity on its own, but now I'm going to make it even better ...

Well, almost anyone know what coaching is all about. But then, who is this Chris guy? The main thing is, this guy talk about internet marketing. You know, make money online kind of thing. Above is a fraction of message from someone, in my inbox. Maybe, you have receive the same message before. What I want to discuss here is the way these big guy write message that make money.

First, he is promoting something from a guy name Chris. It's a coaching program which is very familiar for most people. But, he make it different by looking at "coaching" from Chris point of view. Really nice tactic. Then, he explain briefly why Chris coaching program is good. Common sense, who want to explain the bad side, huh?

Lastly, he write "I'm going to make it even better" which mean, he offer some bonuses for those who sign up via his affiliate link. When someone sign up, he got the money. But, it's important to keep in mind here that this is an opted message for an email list. Without targeted name list, it's useless to write message like this.

Why People Trade FOREX?

People trade forex for various reason. Most of the time,
the reason is money. People want to make money, and
forex is one way of making big money very fast. But,
forex trading is dangerous, if you don't know how to
do it properly. It's one of the fastest way to lose money
other than being rob.

However, people who trade forex are aware of this risk,
so they risk the amount of money they can afford to lose
so that they can keep their normal life style. It's clear that
the primary reason for people to trade forex will always
be one, and that reason is to make money.

Weekly Forex Trading Outlook

Usd/Jpy is trending down based on 4H time frame.
Forex trader may short the pair to make profits.
Gbp/Usd and Eur/Usd is going up (based on 4H
time frame). Usually, at the beginning of the week,
I put demo account into the test. When the trend is
clear and stable, then only I put my live account
into the trade.

Oh, by the way, I choose FxOpen as my broker.
MetaTrader4 is my official trading platform.

REDtone Mobile: An Introduction

REDtone Mobile work closely with Celcom. However, REDtone does not belong to Celcom. In their smart move in communication industry, REDtone introduced a hybrid plan, which combine both postpaid and prepaid plan. Celcom, Digi, and Maxis are three main companies in Malaysia which operate the same business and competition is tough.

Now that REDtone mobile get into this competition, things are getting harder. Question may come out, asking whether REDtone Mobile can survive in this gigantic competition. Can REDtone fight the big boys like Digi, Maxis, or even Celcom? If REDtone can fight Celcom, it doesn't matter to Celcom at all because Celcom can still make some profits through their joint venture with REDtone. It's a win-win situation for Celcom and REDtone. The question is, why REDtone joint venture with Celcom? Why not with Digi or Maxis?

One significant uniqueness of REDtone Mobile is because they offer a rewarding business opportunity for their customer at all level. This is the strategy for REDtone Mobile to survive. Those who interested to make money (instead of spending money) with REDtone Mobile can sign up for RM100 to get a starter pack, loaded with RM80 airtime for 2 months. You can make money when you refer someone to sign up with REDtone Mobile. Recurring commission awaits every month. What a cool opportunity from REDtone!

The only problem is, it's not easy to ask people to change their mobile number.

Why Bad Thing Happen To Good People?

Bad thing happen to good people because good people doesn't exist. The answer is very simple, but sometime, people don't get it. Doing a lot of good things doesn't guarantee that bad things will not happen. Inversely, doing a lot of bad things doesn't guarantee that good things will not happen. So, it's not easy to explain something like this. Good thing always happen to bad people, and good people sometime struggle with bad thing.

According to Equilibrium Theory, bad things and good things happen mutually. This mean, if one good thing happen, another bad thing happen. The scale may not be the same, but the magnitude is equal. But, keep in mind that this is just an assumption.

Approaching NFP

At the end of Asian trading session, GBP/USD fall down like a falling rain from the sky. I was able to capture some pips from this bearish trend on a daily time frame. The slope was steep enough to make the next trade. Situation like this creates a sense of corrective bullish trend.

EUR/USD also behave the same way on 30M time frame. However, I won't be able to capture any green pips because I set the sell limit too high, so I missed the big move. The same corrective bullish trend was expected for this pair. So, we have to wait for any significant movement of the market before we can execute any trade (just to be save).

This week, we have to be careful because NFP news release on Friday will shake the market on a gigantic scale. Non-Farm Payroll (NFP) is a very sensitive economic news.