Thursday, 23 June 2011

journey start

It was 3 years back when the first time I know there is an investment which operate 24 hour, 5 days a week while I talking to my friend, Mr. K in a restaurant. That time I am so excited to know more and want to invest in this investment because my friend told me it can trade 24 hours, any time and any where. What I need is just a computer and an internet connection. More important is: I can become rich very fast and no need to go to work early in the morning everyday. Besides, I can do what I dream off and same time I can create wealth to myself and family. I think it is what everybody want when they start investing or trading.

After that night, I try to do some searching on internet and discussion with Mr. K. Actually, Mr. K is a beginner also; or I should say he know a little bit more than me. The first indicator we came across is Bollinger Band, BB which we think it is the holy grail for forex trading. The idea is, once we see the BB open, the breakout is going to happen. So, open an order according to the direction. Set the stop loss vs take profit ratio as 1:2. which mean if the direction reverse, we will lost 1 while it is move according to direction we will earn 2. Then, we open an account in an online forex trading company and put in USD 250 as our initial capital in forex trading. This is how I start my journey in forex trading.

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