Archive for December, 2008

Dec 31 2008

Trading currency; Ignorance is Not Bliss!!

Published by debtbuster under Forex Trading

So the new trading currency venture has started, a bunch of bucks have been committed and the computer is pinging away as the automatic Forex trading system goes to work. The trouble is it feels like I am burying my head in the sand and keeping my fingers crossed… very tightly!

 

There is a lot happening and I don’t know much about it, the thirst for knowledge becomes overwhelming.

 

The more one looks at the charts, the more one wants to understand what is happening.

 

Having traded shares I had an understanding of ‘Moving Averages’, ‘Support and Resistance Levels’, ‘Trend Lines’ plus a few other terminologies often used in trading. But now there were a bunch of new ones that appeared critical to an understanding of Forex trading.

 

I found a huge amount of information on trading currency, but much of it was fragmented and not brilliant for a layman’s mind. Then I met Dr Pipslow, the ancient and revered master of Forex wisdom, who after many years of self imposed exile and meditation, is believed to have attained the ultimate understanding of Forex.

 

The good Dr. together with a few other colleagues of great wisdom created the School of Pipsology, which is probably the ultimate guide for the newby trader. It will take you from pre-school to college graduate via many pages of high quality tutorials plus exams to keep you on your toes.

 

With this knowledge, I was capable of comprehending what was happening on screen, even to the point of trying to predict what was going to happen next. A great way of finding out just how little I did know!

 

The School of Pipsology also has a brilliant Forum that will both bewilder and amuse, but underneath is full of insights and trading techniques from people with a wealth of experience in trading currency.

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Dec 31 2008

Forex Currency Trading System

Published by debtbuster under Forex Trading

When searching for good ways to make money, one system that kept on cropping up was the Forex currency trading system. Currency trading was something I had always considered exclusive to the ‘top end of town’, the Big $$$ Boys. But as I discovered, things had changed!

 

Over the years we’d done some share trading and had both made and lost money. Following the Enron crash with the total loss of that investment, our focus had switched from shares to real estate (and we all know where that’s gone currently).

 

I felt very unsure about putting money into an type of investment where I had no control and where profit or loss could be influenced by traders and management.

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Dec 31 2008

Good Ways to Make Money

Published by debtbuster under General Discussions

Good Ways to Make Money in a Lousy Economy.

 

The general opinion seems to be that everyone is looking forward to 2009, with the hope that it will be a better year than what we have just experienced; I know I am, because 2008 could be summed up as an unmitigated disaster.

 

Christmas was a few days away and the family excited. The year was just about over, nothing else could possibly go wrong now… How wrong we were! Just to give us a final kick in the ribs, my daughter was admitted to hospital with suspected appendicitis! Luckily it turned out to be a false alarm, but it left us flat and wondering what else the gods could chuck at us before the year was out!

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