TGIF - again near weekend

The stock markets....were choppy and except for the blue chips counters the rest of the other shares were dead and being dumped. Just wild swings.

For forex, the EURO managed to strengthen as the week "wear" on while the USD weaken, same goes for the JPY.

For myself....loss money in stocks but made from forex. Now I am growing in confident when trading forex, no matter which pair but I would prefer USD/JPY and EUR/USD pairs for the low commission.

For the week...I made less as compared to last week. This week my aim was not as sharp as last week when I scored well with EUR/USD and USD/JPY pairs. This week I am into all pairs...as long as the price movement is within my set-up. Since I am not too sure how the reactions from the different pairs...I tend to take profit quicker and my trade is more closer to that of scalping for pips. And also....I was "caught" with some of the trades but somehow still managed to close with a small profit for most of my trades.

Why I do the above??? Basically I was trying to test out my method to see whether can it work for all pairs, with this week's result I think it can but to be sure I will
push for it for the whole month. And at the end of the month, I still in the "black" then my method works. That would be GREAT....becoz forex is even better trading tool as compared to stock. It is 24hrs 5 days/week thingy. While the stock market is a 9 to 5 thingy here and still may not allow to "short" when market turns. While for forex...can "short and long" as long as account is funded. Then no one can fully controlled the forex market while stock markets are controlled by the big boys.

True....forex is not a easy thing to fully understand and learnt. I had a hard time for the past 8 months until I found the "trick" for it. I am so far....winning 95% of all trades which is why my confident is high. I can trade whenever I am free and as long as I can focus. Must be fully focus on it...and that is the only way to have a profitable trade, no short-cut or risk losing that trade.

Another thing....do not set daily winning target as that may increased the stress level plus forced one to trade just to make some pips which is wrong concept. I would rather focus to do well and if winning then I would continue until the moment I screwed up one single trade....I closed and stopped all my trading immediately to regroup and rethink what went wrong to cause my losses. That way...I trade and learnt at the same time. And thru....trading with REAL $$$$ only can one picks up the important skills for doing well for forex. It is different....for everyone. Meaning my method may not "work" for others....while others' method may not work for me. I tried teaching my wife and kids....frankly they only managed to give me the "alien look". When I am the one who do the trades....they seem happy and look like they know what I am doing but last night while I called back from office to my wife, she was "blur".....stressed and failed to execute the trades fast enough.

Yes...I only more or less get the "hang" of it, I am now confident enough to teach whoever want to learn to make some spare money or passive income. So far....no one has taken up on my offer. FOC....the way to make $$$ trading forex just one to two hours a day at anywhere in the world where there is a Internet connection. To me, how much you want to make a day, a week and a month depend mainly on how much time and efforts one want to do it.