Take a break

http://forgifs.com/gallery/

Forex - Pip and Spread

Pip is smallest change in price in forex. For example eurusd move from 1.5031 to 1.5041, means it has increase 10 pips(1.5041-1.5031=10) For 5 decimal platform, MT5 maybe 1.50312 to 1.50412=100 pips.

More info on pip

http://hubpages.com/hub/What-is-Pip-in-FOREX-Trading

Spread is the pips broker charge you once u open position. Broker dont take commission from you as compared to equity trading. They charge you pip!So, in short, they still charge you 'commission' but use different terms only.Refering to the picture above, eurusd sell is 1.5030, buy is 1.5031, so the spread will be 1.5031-1.5030=1 pip. That means ,once u open buy /sell eurusd, broker charge you 1 pip. Dont worry about the calculation, it will be automatically calculated in your Mt4/5 platform.

Trading on NON FARM Payroll(NFP)

This is the most volatile period on forex price. Non Farm payroll(NFP) is released most of the time on 1st Friday of each calender month at 8.30pm(Malaysia time , GMT+8).Check your forex calendar for NFP release

Forex Calendar

Remember to set the timezone(GMT=8 for Malaysia) and DST OFF
Price is very volatile during news time. When you see result is red means bearish and green is bullish on prince. When black (no change)colour...normally price will drop. Take note that sometimes when news resultis red but price can go up. When you notice such incident, prepare to buy as market movers dont care about news.It takes experience to monitor news


http://www.forexfactory.com/
http://www.fx360.com/calendar/Index.aspx

Forex Market players

We are only nano traders. They can wipe us easily if we in wrong direction

Fibonacci

This is a leading indicator and it is widely used.Price is expected to retrace or rebound or move to certain level as indicated in fibonacci study lines. I try my best to explain fibonacci in layman terms.Fibonacci indicates human psychology level. How do you measure Mr Universe or Ms Universe body figure to qualify him as a winner?The proportion on their body tell us that he/she is thw winner as our human mind psychology says it. Why is credit card designed in such a measurement? Cause our human psychology tells us such measurement is ideal.So, same thing when apply in trading. Price is expected to move to certain levels in fibonacci line.

Definitions:

http://www.investopedia.com/terms/f/fibonacciretracement.asp

Insert fibonacci in MT4

http://www.youtube.com/watch?v=mM46TgKViv8&feature=related

Using fibonacci to trade videos

http://www.youtube.com/watch?v=-I2zh2k8ETg
http://www.youtube.com/watch?v=U-dqfwmjRnk&feature=related
http://www.youtube.com/watch?v=lP9z6kw1Deg&feature=related

http://www.youtube.com/watch?v=OER9_078fsk&feature=BFa&list=ULyVcwv-ItTOE&lf=mfu_in_order

Parabolics SARS

Work better on longer time frame eg daily chart. But beware on sideway market..it doesnt work in sideway
Definition:
http://www.investopedia.com/terms/p/parabolicindicator.asp
Videos to use Parabolics sars to trade
http://www.youtube.com/watch?v=ogT22oqgjnQ
http://www.youtube.com/watch?v=Sl2AeJz4TZk&feature=related
http://www.youtube.com/watch?v=H5lLFzTjb-s&feature=related
http://www.youtube.com/watch?v=v1tkZ1I8hZg&feature=related

MACD-Not Mc Donald but pronounce as Mc D

Work better on long time chart eg daily

Definition

http://www.investopedia.com/terms/m/macd.asp

Video on trading using MACD

http://www.youtube.com/watch?v=k9nds4OpA2I&feature=related
http://www.youtube.com/watch?v=IlK6ELbCm8g
http://www.youtube.com/watch?v=OR8vwFv-5iU&feature=related

Pennant, flag, wedge - chart pattern

Another chart patern-another few & easy to use pattern. Dont confuse yourself. Just remember ,price break above pattern is buy and break below is sell

Definitions:

http://www.investopedia.com/terms/p/pennant.asp
http://www.investopedia.com/terms/w/wedge.asp
http://www.investopedia.com/terms/f/flag.asp

How to trade using chart pattern videos

http://www.youtube.com/watch?v=SqCFhhou3SM
http://www.youtube.com/watch?v=TzqDzQwPJnE
http://www.youtube.com/watch?v=wIrWaNYLCs4

Channel trading- price action

Another frequently use indicators- drawn by using joining to high and 2 lows with straight line as shown in diagram.
Definition of channels
http://www.investopedia.com/terms/c/channel.asp
Insert/drawing line in mt4
http://www.youtube.com/watch?v=Hxsj0hii1II


More channel trading video
http://www.youtube.com/watch?v=G5DRkNzl4rk
http://www.youtube.com/watch?v=VltvgjLBuBo
http://www.youtube.com/watch?v=D_H-c5uVac8&feature=related
http://www.youtube.com/watch?v=0GOzvKTqJhY&feature=related
http://www.youtube.com/watch?v=i3i-2XrGFC0&feature=related

Support & resistance- price action

Once price break previous resistance , it will move further up and vice versa as shown in the diagram.
Details of support & resistance
http://www.investopedia.com/articles/technical/061801.asp#axzz1T24QZX8o
Video on using support & resistance to trade
http://www.youtube.com/watch?v=6BM7HvlOMOw
http://www.youtube.com/watch?v=EYfXyFT6lag&feature=related
http://www.youtube.com/watch?v=_o1G1-98CrA&feature=related

Moving Average- one of the most used and effective indicators

Moving average- price above moving average is buy, price below is sell.

Definition of movind average(not important to know)
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages

Set up moving average on MT4 platform

http://www.youtube.com/watch?v=2yFQ5Z6_Ids

Other useful moving average video tutorial

http://www.youtube.com/watch?v=gw-1AhbYP8Q
http://www.youtube.com/watch?v=hFYa4_Y3Blk&feature=mfu_in_order&list=UL

Block facebook , porn, etc

Today spend a trip to my client place and upon request, i installed an easy to use software to block his employer pc from acessing facebook and few other software. It is a freeware and with easy to use interface.

Can give it a try on your kids computer, kepp them safe from porno , gambling and adult material website.

To download:

http://www.thewebblocker.com/download/

French fries -Mc Donalds style

http://www.youtube.com/watch?v=2tuuElRJi20

However, still cant match Mcdonald french fries as Mc Donald use different oil.Their oil are specially formulated and their potatoes are specially planted as well. Mc Donald signed contract with certain farmers to plant their version of potatoes as what I read from the internet

Coleslaw recipee...almost similar to KFC coleslaw

http://www.youtube.com/watch?v=q_wFGzjTtaU

I tried it and it is easy to make. Very easy and nice dessert. You can replace buttermilk with mayonaise.If you use mayonaise , dont add vinegar as mayonaise contains vinegar. Add sugar to taste.

But you cant make exactly 100% taste with KFC coleslaw as their mayonaise is specially prepared.

Exploring Trading platform MT4/5

Some youtube video will do the explanation
http://www.youtube.com/watch?v=9a83-a9Gnms
http://www.youtube.com/watch?v=jMkRByATpNo&feature=mfu_in_order&list=UL
http://www.youtube.com/watch?v=mwUsu6bZBts&feature=BFa&list=UL3jXGkh0tcJs&index=4
http://www.youtube.com/watch?v=XCs_m7CA49I&feature=related
http://www.youtube.com/watch?v=Vdt56Yiida8&feature=mfu_in_order&list=UL
http://www.youtube.com/watch?v=DmIBwiumksU&feature=related
http://www.youtube.com/watch?v=0ekyxo3RM00&feature=mfu_in_order&list=UL
http://www.youtube.com/watch?v=GmvheahbYv0&feature=related
If you take those paid course, they wont give u much time for you to learn how to use MT4/5 as they need to squeeze everything in 2 or 3 days course.Trading is a wide scope of concept. Can you learn it in 2 or 3 days? You end up finishing the course with information overload. Using internet freemedia..take your own sweet time to understand the concept one by one.

Forex basic tutorial

I found a nice link below
http://www.learnforexpro.com/learn-forex-trading-tutorial.php
http://www.learnforexpro.com/learn-forex-trading-tutorial2.php
Basically , when you are using online trading MT4/5 , you are trading the spot market(OTC over the counter is done in the bank counter eg u buy usd notes and keep.
In eurusd pair...when eur streghtening with usd maintain eurusd will up(bull) and vice versa.Same, in eurusd, when eur maintain , usd strenghtening, eurusd will down (bearish)
It is just mathetical division...100/1=100 , 100/10=10 , 100/100=1
Leverage is to enable small capital to control bigger lot..as in forex not much people can trade 1 standard lot with leverage 1:1 unless you have big capital.So, they comes out with leverage to enable more market participant in forex trading.Normally trader choose 1:100. Newbie will choose higher leverage eg 1:500 or 1:1000
Forex profit? your mt4/5 will calculate automatically for you
Margin call? When your free argin reach 0, broker will close your account automatically without any warning.
Sell limit , buy limit..i will post some video later how to execute order using mt4 in my next post

Japanese candlestick

Japanese candlestick chart can recognise some pattern to detect market direction. Works better on longer time frame eg D1(daily chart), W1(weekly chart), Y1(yearly chart) but there is no 100% accuracy.If there is 100% accuracy, I already a billionaires.Trading is based on probability, risk reward and money management.


More details on the link below
http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Harami.html
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_pattern

Lazy to read? watch youtube video
http://www.youtube.com/watch?v=nggV_iX7JP8&feature=fvsr
http://www.youtube.com/watch?v=jMmUV8JBLsg&feature=related

My objective is to enable you to learn trading technical analysis free of charge using free internet media

Meaning of candle and bar in trading chart

Normally traders select candlestick chart
Youtube video tutorial

http://www.youtube.com/watch?v=_0xTkyhcYY4&feature=related

http://www.youtube.com/watch?v=foo49abDNIg

Penalty kick in football history

This cruel world....

Trading course series- Free of Charge

Nowadays, trading(be it on financial, equity, option, commodities, etc) has gain popularity in these modern and money demanding society. Many of us trade in the hope to gain financial freedom. But there is estimated 90% to 95% traders lost their money in the trading world and it does not seems as easy as it seems. New and novice traders dreams will be crushed mercilessly.

Apart from paying hefty fees attending unregulated commercial trading course, most of them find themselves lost more than ever after attending such courses.

Just like any other thing , trading itself can be learned from the internet free media if given more patience without having paying heavy trading course fees. How many of you earn find yourself earn consistently after a year or 2 after attending those course? Those who had taken the course will know the statistics and I am not an exeptional one, being one of the victims.

In view of that, I will post trading guidance to those who are keen to make their first step into this financial world trading.I will summarize to the best of my abilities to cover the syllabus similiar from all those paid courses I have attended. My guidance consist of links to other free media internet resource. (That is why you dont have to pay me anything). And please do not do any live trading until your demo account earn consistently.

My posting serve as a free educational purpose only and not be liable for any legal suit damages.

(warning: trading is a risky business)

To start with , you can download free charting software from

http://instaforex.com/downloads.php for free demo forex account with charting, you can select either meta trader 4 (4 decimal places) or meta trader 5( 5 decimal places)

Guide to open demo account after download
http://instaforex.com/open_demo_account.php
For video how to use the platform to transact in demo account
http://instaforex.com/video_trading_with_instaforex.php

be bold to explore the platform as you will be trading using virtual money only

More info and basics on forex

http://instaforex.com/useful_information.php

I will follow up with knowledge and basics in my material(using internet freemedia, will have a lot of free links) you need for trading in my subsequent post. MY AIM IS TO ENABLE YOU TO UNDERSTAND TECHNICAL ANALYSIS FREE....Stay tuned!!

(There are a lot demo forex account offered.I randomly choose the link above and has no hidden agenda behind)

Virus ,worms, trojans, rootkits, rogues, dialers, spyware busters

AVG and Malwarebytes

These 2 free for personal use software can save you a lot of cost of computer repairing.
Both can complement each other , working hand in hand to clean viruses and the like.

My experience, even you have Kaspersky Internet Security, Norton, Mcafee antivirus..some malware , trojan , worms , rootkits , etc still cant be cleaned without Malwarebytes anti-malware.But having only Malwarebytes anti malware alone also wont solve the case as some viruses cant be cleaned by itself. It needs some other antivirus programs as well. Thus I recommend Avg free personal edition.
To download Malwarebytes and Avg free editon :

http://malwarebytes.org/products/malwarebytes_free

http://free.avg.com/my-ms/download-avg-anti-virus-free

(Please take note that Malwarebytes free edition do not have real time protection. It means , you need to manually scan your computer when you suspect infection. It wont disinfect , warns automatically upon infection.)

Malaysia and Spore Invest Fair

Thumbs up for investment fair but beware of the commercial private trading courses offered in the fair. Courses ranging from rm few thousands to above ten thousands.

From my real experience, trading can be learned free of charge from the internet using free media such as facebook, youtube , forums and the like with patience. Beware of those commercial trading course offered and most of all will end up losing more.

There is no holy grail in trading. You simply cant predict the price movement. Trading is based on probabilities, risk reward ratio and money management.

A MUST READ BEFORE YOU PLAN TO SIGN UP TRADING COURSE
Don’t be a maverick: If you new to the forex , avoid wasting your money on new courses. Scout around for products that have stood reputation over time. Traders with experience will be able to guide to extremely good resources.
Get away from free mentality:
There is a lot of free information available on the internet but most of it is of average quality. Since any person can post content, reliability is a big issue. Avoid wasting time on useless banter, especially at forums. Remember you always get what you pay for. Free is actually a myth. You are paying for it with your time. I personally know many successful traders who have invested thousands of dollars in their training.
Costliest is not the best:
There are many $10000 forex seminars which in actuality deliver less information than a $18 book. They only have a high perceived value. You will not always pay for good content. A lot of what you will pay could be financing their good marketing.
One at a Time:
The human brain works best when it learns a new concept and practices the new concept. At all costs, avoid the mentality learn till I feel confident. Learn a concept or strategy, practice it and then move on.
Stay away from bold claims:
If someone makes a bold claim to you and tries to sell “make 10 pips a day consistently guaranteed” ask yourself….. If he is so good at this why is he selling it? Be rest assured there are no one hidden secret in forex trading…

Here are some course review..think trice before you loose more

http://www.forexdna.com/education_revInfo.php?id=44
http://www.forexdna.com/education.php?code=1

Power of Technology

Experience the power of technology

Wax in paper cups

Disposables paper cups are coated with wax to prevent water seeping into the paper.When hot liquid is poured into the paper cup, some wax will be dissolved and drink together with the liquid.Over the long run , this will create problem in our stomach. Using glass , the world most least reactive material(asyou remember in your schooldays science projects, acid can be stored in glass and blood is stored in glas tube in hospitals.

Ceramic mug is another good choice other than stainless mug but never ever use plastic ones