Warren Buffett's Qoutes

Warren Buffett, yes, the name speaks for itself, one of greatest investor of all time and probably the best in my generation, who has built steady portfolio over a span of years until now. He's no doubt the very best out there, books written about him, movies starring hims, magazine have him on cover pages; the man are just so good at it, and today, I'll bring to you some of his quotes which I consider the best, which seems simple but simplicity is the name of the game.

• On earnings: "Never depend on single income. Make investment to create second source."

For most people these days, they have a job and they earn a living from that job, despite of using that currently-free money to invest elsewhere, they insist on keeping it for future usages but they won't know that, in a year, price of certain good would be double, which in verse mean that their saving amount has been cut by half in value despite of save sum of money.

• On spending: "If you buy thing you do not need, soon you have to sell thing you need."

Warren Buffett

• On savings: "Do not save what is left after spending, but spend what's left after saving."

Saving first, keep yourself a safe boat when you have some trouble, but remember to invest afterward to make second source income.

• On taking risk: "Never test the deep of water with both of your feet."

Meaning of this quote is that, never all-in in any situation but to test it first, if everything go according to plan, then make the full bet. For example, when you analyses a stock and you are certain that the stock is so bullish, you would need to test it first by for instant, buying 5 shares, if everything goes as what you expected, then buy another 10 shares, that would make it a safe bet.

• On investment: "Do not put all your eggs in one basket." 

This's another type of mistake that investor usually have, which's put all his/her eggs in one basket like betting all on a certain stock despite of diversify his porpolio.

• On expectations: "Honesty is very expensive gift. Do not expect it from cheap people"

Don't expect too far and good things won't come from cheap people.

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Big surge of buyers

Yo, how you doing guys :)

A bit update from the last month contest, well, it's been like a whole month since the last contest, which I finish second, well it's a bit sad but it's well expected since I have very slim chance to overcome the odds. But I believe that my anticipation is right about the bull move. I did notice a big surge of buyers, greatest amount of buyers I've seen in last three month and in subsequent days, an even bigger surge of buyers stepped in, which result in almost 400 pips bull move this month so far. Well, not bad if I decide to bet but since I'm on vacation, therefore no trading until very next month, I think.There's no sign of stopping, no stopping volume, no No-Demand, there's still very big demand and I believe there'll be more upmove until the charts say otherwise :)

Here's a little chart, what do you guys think?

How to Choose a Forex Broker

Babypips.com is where I start learning how to trade Foreign Exchange market and I believe that most aspiring traders should start there since they have an absolutely easy-to-understand, well-formatted forex school for all of trader wannabe. Not only it's easy to understand, the writer also use characters in babypips to make the school a funny place and a pleasant experience before trader step to the biggest challenge- actual trading.

Choosing Forex Broker is probably a kick-start for every wannabe, so choosing a good one is the first thing we have to do, and which's better place than babypips for a guide of "how to choose a good Forex broker".

Here's full article on how to choose a forex broker, full credit for babypips.com team, they've done an excellent work.
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With so many different choices out there, how does a Forex "newbie" pick a broker? Chances are most new traders have no idea on where to start - and that's okay!  We're here to help!  We have put together a simple three step process to help you find a broker that YOU think will best suit YOUR needs.  You might be thinking now, "Three steps? That's it?"  Yesssiirrrr!
In the first step, you will go through some of the main questions you need ask yourself when reviewing different brokers.  Then you will take a look at different brokers and their available features. We have put together a comparison guide by taking some of the most frequently asked questions across the internet, and surveyed some of the most frequently asked about brokers out there, so that you don't have to. 
With this guide, you can narrow your choices down and take the final step of talking with different brokers and demo trading on different platforms. Simple, right? Let's begin...

 

Step 1: Do your research

Before comparing brokers, do you know what to look for? No? Well, here are a few of the main questions you should ask yourself:

1. Is this broker registered with any regulating authorities? Check to see if your broker of choice is registered with the National Futures Association (NFA) or Commodity Futures Trading Commission (CFTC) if they're based in the US. If the broker is based in the United Kingdom, check with the Financial Service Authority (FSA). If the broker isn't registered with any of these or any other recognized regulating firm, then you may want to think twice before signing up with them.
2. Dealing Desk or Non-Dealing Desk broker? Does the broker offer fixed or non-fixed spreads? How wide are the spreads? These questions are more significant to those traders who like to take quick profits on a few pips. Large and/or variable spreads can cut into the profits of this type of trading strategy.
3. How much or how little leverage will a broker give you?  We highly recommend you review "Leverage the Killer"before deciding on how much leverage would be suitable for your trading style. The phrase, "Less is More," can save every newbie
4. Of course, you’re not going to start trading with real money right away, right? Well, when you do having a winning strategy and you are ready to trade live; knowing how much risk capital you have to start with makes a big difference. If you have $2000 or less to start with then you probably want to start trading "micro" lots. Not every broker has this feature.
5. Does this broker credit or debit daily rollover interest? Some brokers either do both, deduct interest, or neither.  This information is important to traders who hold positions overnight.
6. Does this broker over premium services such as charting, news feeds, and market commentary? How important are premium services to my trading?

 

Step 2: Compare brokers 

 

Let's not beat around the bush, now you need go to Broker Comparison Guide.

 

Step 3: Open demo accounts and ask questions.  

 

Pick at least two brokers that fits most of your criteria and open up demo accounts. Trade in different market environments. Learn all the different features of each trading platform. If you have questions, don't be afraid to ask. Many brokers have excellent customer service support and would be happy to answer your questions.
Most demo trading platforms are very similar to their live counterparts, but not exactly the same. There may be a difference in speed of execution, slippage, and platform reliability (most of the time live accounts are more reliable than demo accounts). When you do have your strategy down and you are ready to move to a live account, start off small, test the waters, and see if this particular broker will suit your trading needs.

Meet Various Reputable Forex Brokers

Compare Different Forex Brokers

Regulaltion of Different Countries Regarding to Forex Brokers

Glossary

Broker: Common name used to define, generally, firms that act as the middle-man in the financial markets. There are two types of brokers, market makers (dealing desk) or ECNs (non-dealing desk).


ECN: Electronic Currency Network. Directs the client straight through the interbank market, usually resulting in tighter spreads. Most ECN's have a fixed commission per roun/turn lot.


Leverage: The use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment.


Lot: Pack in which trading units are being sent to the market. There are 3 types of lots: mini and regular. A micro lot consists of 1,000 units units of the base currency. A mini lot consists of 10,000 units of the base currency. A regular lot consists of 100,000 units of the base currency.


Margin: The amount of equity contributed by a customer as a percentage of the current market value of the securities held in a margin account.


Market Maker: Middle-man between the interbank market and the retail user. The interbank liquidity provider charges the market maker a small commission for providing access to tradeable volumes. The market maker also charges commission to its clients (in the form of spread, direct commission or both) to provide them access to tradeable prices in the currencies market.


Pip: The smallest price change that a given exchange rate can make.


Spread: The difference between the bid and the ask price of a security or asset.

STP: Straight Through Processing. It is the complete streamlining and automation of an entire transaction. In other words, as soon as a trade request is made, there's no manual intervention — gone is the to and fro of phone calls and faxes to authorize, confirm and settle trades. No manual intervention also, of course, leaves no room for human error.This allows traders to place orders that match off electronically with a broker's bank feeds without interacting with a “middle man” whose job is to try to make money trading between customers.

[Source: babypips.com]

Goldman Sachs rules the world?

Maxine Croxall had a frank interview with BBC, he expects Eurozone market to be crashed and he did state a statement which may shock a lot of people "Goldman Sachs rules the world".

From what I'm seeing, the Euro was on the downfall against most major currency, it has been on the fall for the last two month, but last few days, I see big surge of buying on Euro futures, is it a sign of recovery. We'll see. We'll see what happen in 2012, it's expected to be an extraordinary year. We'll see...

Here's the full interview. What do you reckon?

VSA youtube channel

Head off to youtube and search the keyword "VSA", you could find plenty of related videos, most are decent and good for newbie but the really genuine information that you all are looking for, only a few have it. And who is more trustworthy than my mentor :p He has his very own channel and share the info for free, all his knowledge and set-ups, his understand of the market, the truth behind market movement,.. not many videos but basically cover all your needs. Of course, you would need much more in order to start making money but this's a good start, so here's a few of his videos:

The truth behind price movement



No demand and No supply explained, VSA



Trade diary, redistribution short set-up




Enjoy! You can subscribe to his channel, I'm sure you'll be swimming in a wealth of knowledge.

Peace! 

Never say never

Hello guys and girls!

I don't have any trades this week on trading account since it's holiday period as you all know, part of the reasons is because my lappy got infected and as a result can't seem to run now; every single time I touch on the keyboard, the screen turns black, can't do nothing about it...

However, there's an event that rescues this boring week which's the regular monthly contest held by Trade2win, this's a contest which has been running for a year now and I manage to win on 2 months, it's not a greatest achievement in the world but I'm happy that I'm the only one who manage to win it 2 times, it's not easy though, there're 80 traders who are actively battling for the prize. So, this month, I manage to stay 2nd place until now and today is the last day, I probably need a miracle to win it. It seems to me that the 1st place dude mirrored my trade and he got big winner as well as mine in the last trade, therefore the gap between he and I are staying the same, which's 10k by now. I need a great bull run today with maximum risk on and hope that he makes some mistakes in order to claim first place. Let's hope though. My anticipation is that there're a big buying surge emerged last few days, the current chart is also appear as head-and-shoulder formation, so I'm on the buy side. I don't know when the bull run will start, I really hope that it kicks off today. Never say never

Current Euro futures chart, I'm hoping for big bull run today...