Below is a very good article which I coincidentally came across while browsing the net. It did make me "thinking" which I believe worthy for all of us to at least re-check our own trading strategy or philosophy. I would recommend a visit to Chris's blog, which contains lots of good points and fresh perspectives regarding forex trading.

When I first started trading years ago, I had no idea about the type of trader I wanted to be.

All I knew was that I wanted to make money trading. I didn’t really care how I was going to do it.

I mean… did it really matter how I traded, as long as I made money in the process?

As it turns out, this question was far more important than I’d initially thought.

- Go to school and get good grades

- Graduate from university and get a good job (preferably as a lawyer or banker)

- Work for a couple of years, save money

- Get married, have kids

- Invest in the stock market

- Climb the corporate ladder for the next 30 – 40 years

- Take vacations 14 days a year (if I’m lucky)

- Get the 5 C’s: cash, credit card, condominium, car, country club membership

- Retire at 65, kick back and relax

InstaForex always provides you with the latest updates on international market events as well as company's news. Today we would like to tell you about an exceptional situation. Despite its originality, it demonstrates the unique opportunities you can get on exchange market. Recently, one of our clients Akhmad Arief made the daydream of millions of traders real. After two weeks of active trading, he managed to increase his start-up capital up to $1,000,000!

This story began when Akhmad opened his $1,000 trading account with InstaForex in the beginning of July. During two weeks he was trading such currency pairs as GBP/USD and EUR/USD. Nobody expected that he could become a millionaire by the middle of the month using risk strategy!

"We have never seen such trading before and will hardly see soon. Even in conversion to the working days the yield was 100% per day during 10 days in a row. The profit volume is astonishing as well as the length of such win-win and risk strategy as the client used all the money on his account for the next deal. But every time lady luck was on his side," - Aleksey Badjyanov says, representative of the Dealing Department.

The chart shows the balance of #2065757 live trading account. Within the first two weeks of July, the account holder earned over one million US dollars with the initial deposit slightly more than one thousand US dollars. Eventually, the account balance was running $1162092.42. The second half of July appeared to be far less successful for the customer: he lost all his profit.

Having earned $1,000,000, Akhmad decided not to stop. However, Forex market is known to be very unsteady due to frequent oscillations and change of trend directions. Successful deals were followed by deals opened against the trend direction which led to profit loss.

Of course, foregone million disappointed the trader. However, Akhmad is not in despair and is already planning to win again. For him, as for many other traders, this situation was indicative of endless possibilities on exchange market which proved that one can make up a fortune out of modest capital! Nevertheless, it is important to benefit from the achieved results and also not to be affected by the astounding success.

Interview with Mr. Ahmad Ariff

InstaForex: How long have you been working on Forex?

Ahmad Ariff: About 5 years, starting from 2007 until now. Before, I used another platform with another trading system (different from MT4) that limited me to less money I could earn. Then my friend recommended me InstaForex that used MT4, so I can trade higher trading volumes.

InstaForex: It’s a dream of every trader. How did you manage to make fortune from such a small initial deposit?

Ahmad Ariff: Depends on the graf (high-recommended to sell, low-recommended to buy), besides, I used Forex trading signal, RSI, PPO, stochastic, technical analysis, and future fundamental analysis.

InstaForex: What currency pairs have you traded?

Ahmad Ariff: My favorites are EURUSD, GBPUSD, and AUDUSD.

InstaForex: Why have you chosen them in particular?

Ahmad Ariff: For me, fundamental points of these currencies are easier to read and forecast.

InstaForex: What leverage have you chosen for trade?

Ahmad Ariff: I start with 1:200. And I will change this parameter if I need in the Client Cabinet. This is a very attractive feature ofInstaForex.

InstaForex: Did you plan to earn such a huge amount when started trading?

Ahmad Ariff: Of course, yes.

InstaForex: You made a dream of million traders come true, what do you feel after losing it?

Ahmad Ariff: Really really frustrated... I was not in front of my PC when it happened. I was engaged in outside work during that time... so I couldn't close my open position.

InstaForex: Do you plan to repeat it and get a million back?

Ahmad Ariff: Yes!

InstaForex: If you succeed to make a million again, what will you spend it for?

Ahmad Ariff: Clear all my loan, buy a new house, new car, do other investment and some charity's work.

InstaForex: What in your opinion helps traders earn on Forex: their skills or good luck?

Ahmad Ariff: Skills are very important, as a trader, a lot of new traders, should learn some basics, such as indicators, patterns, technical analysis, and fundamental analysis, but good of luck not all traders get it.

InstaForex: Do you think your profit was a result of your hard work or just an accident?

Ahmad Ariff: I've 5 years experience as a trader. It is hard to become rich with small initial deposit, but if you've a lot of money, let's say USD100,000 and more, you can rapidly earn money in short term... believe it!

InstaForex: What will you advise the beginning traders?

Ahmad Ariff: For new trader, please learn some basics, follow your leader, ask them why, why and why and most important is gain experience in trading.

Competent active trading and compliance with you trading strategy make it possible for every InstaForex trader to reach the most cherished objective and add a new name to the list of the most successful traders.

Good luck in trading with InstaForex!

The material is prepared by InstaForex PR Department with the consent of the owner of the trading account № 2065757 Akhmad Arief. In October, in the terms of ShowFx Asia in Singapore there will be a video interview with the trader which will be published on GC InstaForex resources.

_____________________________

Dipetik dari laman web rasmi InstaForex (27 Oktober, 2012, 04:00 AM)

Nelayan Forex:

SubhanALLAH! Betapa hebat kuasa ALLAH yang Maha Pemurah lagi Maha Mengasihani. Sesungguhnya, tiada yang mustahil dengan kekuasaanNya.

Maka benarlah firman ALLAH SWT  di dalam kalamNya; surah Ya-Seen, 82-83:

82. Sesungguhnya keadaan kekuasaanNya apabila Dia menghendaki adanya sesuatu, hanyalah Dia berfirman kepada (hakikat) benda itu: Jadilah engkau! Maka ia terus menjadi.

83. Oleh itu akuilah kesucian ALLAH (dengan mengucap: SubhanALLAH!) Tuhan yang memiliki dan menguasai tiap-tiap sesuatu dan kepadaNyalah kamu semua dikembalikan.

- WALLAHu Aklam -

Khas buat adik-adik yang bakal menduduki:

SPM, SPMV, STPM, Matrikulasi

2012

Semoga ALLAH merahmati kalian dan kita semua!

Amin Ya Rabbal Alamin.

Allah ta^ala berfirman:


وَاسْتَعِینُوا بِالصَّبْرِ وَالصَّلَوةِ

Maknanya: “Dan mintalah pertolongan dengan sabar dan sembahyang”.
[Surah al-Baqarah:45]

Selamat Hari Raya Aidil Adha

Maaf Zahir & Batin

Taqzim:

Nelayan Forex

10 Zulhijjah 1433

Malam semalam aku menghadiri Annual Dinner syarikat tempat ku bekerja. Meriah majlis tersebut. Manakan tidak, ia sempena 35 tahun ulangtahun penubuhan. Mengenangkan sejarah syarikat, mahu tidak mahu, aku tabik hormat pada Dato' Seri yang memang 'terbaik'.

 

Hadiah dari ALLAH! Ya, semuanya dari-Nya. Dia tetap beri apa sahaja yang kita hajatkan asal kita berusaha. ALLAH Maha Pemurah Dan Maha Pengasih. Yang kafir pun diberi-Nya. Asal sahaja kita berusaha. Kita yang Islam patut rasa malu kalau kita malas berusaha.Dan memang aku sendiri pun sering termasuk dalam golongan yang berkenaan. Sentiasa mencari alasan sedangkan sebenarnya malas untuk berusaha lebih! Maka memang aku tak layak mengeluh dengan hadiah dari ALLAH kepada Dato' Seri dan legasinya.

 

Tahniah Dato' Seri...

 

Dan tahniah juga buat saudari Muslimah yang memenangi hadiah utama Cabutan Bertuah sebuah kereta!

 

Alhamdulillah...

SELAMAT HARI RAYA AIDILFITRI

1 Syawal 1433H

19 Ogos 2012M

Silap kata terucap

Salah sikap terungkap

Mari lengkapi kemenangan ini

dengan saling bermaafan

Asali fitrah kembali diharap

Wadah putih bersih tersantun dimunajat

Salam Lebaran

Mohon maaf zahir dan batin

Semoga redha-Nya milik kita selamanya

Amin wa InsyaALLAH

Taqzim,

Nelayan Forex

SubhanALLAH! Demikian betapa ALLAH swt bersifat Maha Adil bagi sekalian makhluk ciptaan-Nya.

Iktibarnya..

Mampukah kita selaku trader memperhalusi keupayaan diri untuk layak diizinkan-Nya 'melihat' kemana arah harga pasaran?

Ya ALLAH, hanya pada-Mu kami berserah diri...

Mungkin sedikit terlewat. Kurang sihat sejak minggu lepas. Namun semoga masih belum terlambat untuk aku mengucapkan Selamat Meraikan Ramadhan al-Mubarak 1433H buat semua sahabat Muslimin dan Muslimat sekalian.

Moga-moga kedatangannya membasuh segala noda dan dosa sejak setahun yang lampau dan menjadikan kita insan baru yang lebih bertaqwa kepada-Nya.

Amin wa InsyaALLAH.

Mohon kemaafan segala kekhilafan,

Nelayan Forex

5 Ramadhan 1433H

Pagi Isnin.

Maka pastinya semuapun serba perlahan. Cuti rehat hujung minggu menyebabkan seluruh sistem badan 'shutdown'. Dan lumrah 'enjin' yang semakin berumur, nak panas pun lambat selepas seketika berehat. Itu belum lagi kalau cuti seminggu!

Hari ini Lautan Forex dijangkakan lebih sunyi dari kebiasaan. Malahan silap-silap haribulan, mungkin laut mati hingga ke malam. Manakan tidak, 4 pelabuhan utama bercuti kelepasan bank. US sempena Memorial Day. France, Germany dan Swiss sempena Whit Day. Hembusan bayu paling hampir pun hanya menjelang jam 11 malam nanti melibatkan UK.

Hah! Bagaimana dengan tangkapan hari ini? Rezeki rahsia ALLAH. Maka, kita berserah sahajalah sambil terus merancang, berikhtiar dan berdoa.

Selamat bernelayan!

Salam Jumaat.

Lama benar jemari ini tidak menari-nari di dada hamparan Traderlog ini. Tiada alasan, sebenarnya! Hakikatnya, menulis bukan perkara mudah. Meski sering terlintas sesuatu di kotak fikir untuk dikongsikan, namun lintasan itu sering sahaja dipintas oleh elemen persekitaran. Tidak kurang juga tumpuan kepada tugasan harian di samping aktiviti BERNELAYAN menghambat masa santai yang sememangnya terhad. Akhirnya, fokus menulis sekadar berlabuh di pinggiran.

Ironinya, aku gemar menulis! Malah, setiap detik pasti ada sahaja yang ingin ku kongsikan untuk tatapan pengunjung Traderlog ini. Jadinya, hari ini aku memaksa diri meletak tepi kekangan yang ada. Sambil bertugas, sambil juga melabuhkan pukat di Lautan Forex, sambil juga menulis! Wah! Tiga dalam satu. Harapanku jangan pula ada yang terlepas pandang lantaran terlalu asyik dengan penulisan ini (Aku baru sahaja melabuhkan tali umpan pertama Pukat Mutiara sekitar 10 minit yang lepas).

Hmmm... apa yang ingin aku kongsikan hari ini? Banyak sangat yang nak dikisahkan hingga akhirnya tak mampu membuat pemilihan. Tak mengapalah! Aku akan tuliskan secara "rojak" apa sahaja yang terlintas pada tika dan saat ini.

Pukat Mutiara!
Pukat Kuda!
Pukat Cincin!
Pukat Hanyut!
Lukah!
Bubu!
Joran!

Mmmm... demikianlah antara teknik-teknik yang ku gunakan sepanjang menelusuri Lautan Forex. Teknik-teknik itu ada yang ku pelajari dari para Sifu yang terhormat, ada pula yang ku lakukan modifikasi dan adaptasi bagi menyesuaikannya dengan gaya bernelayanku, dan ada juga yang ku perolehi terus dari ilham kurnaan Illahi yang Maha Pemurah lagi Maha Mengasihani. Alhamdulillah!

Teknik-teknik di atas pula dibantu oleh beberapa radas dan alatan yang sebahagiannya ku perolehi secara percuma dan sebahagiannya pula ku beli sebagai pelaburan bagi membantuku membuat keputusan yang terbaik dalam urusan entry dan exit. Ada juga sebahagian lagi peralatan yang 'datang' sebagai pakej melalui sesi pengajianku dengan Sifu-sifu yang berkenaan.

Radar Kuda!
Radar CSM!
Sonar AIMs!
Sonar Mutiara!
Sonar SAR!

Demikianlah! Yang terpapar di atas adalah peralatan favourites ku! Ertinya, setiap kali aku turun ke laut, paparan-paparan tersebut ku wajibkan terlebih dahulu tersedia, terutamanya jika aku memilih teknik Joran pada ketika itu! Beberapa elemen wajib lain yang ku pastikan tersedia adalah laporan kajian cuaca dan tiupan bayu, sifir Pukat Mutiara (jika menggunakan teknik tersebut pada detik itu), dan juga log WMP! Alhamdulillah! Aku gembira dengan apa yang ALLAH anugerahkan. Meski belum mampu dan layak bergelar "Jutawan Lautan Forex", namun menelayani Lautan Forex benar-benar membawaku bertambah dekat padaNya, pada keluarga dan pada diriku sendiri... Alhamdulillah!

Permisi dulu untuk ke solat Jumaat sebentar lagi, insyaALLAH. Jom!

Taqzim,
Nelayan Forex

Commentary of the EUR/JPY pair :

The pair EUR/JPY has validated last friday a return above 110, comforting our bullish feeling and is currently testing the resistance at 111.

The pair is still moving above its medium term bullish slant (purple line).

All indicators are now bullish.

We continue to advise long positions as far as 109.50 is support.

The breakout of 111 and 112 will both give a new buy signal.

In case of return below 109.50, we will wait the breakout of 109 to advise short positions.

This is a trading method which has been around for some time now. Many people have reported good success rate with it. In this method, we are going to trade 3 pair at the same time, the 3 pairs together form what we call a 'Currency Ring'. The main property of a Currency Ring is that, altogether, they share the same number of currencies. The most popular rings are as follows:

As you can see above, each ring consists of 3 pairs. What you should also note is that each ring consists of 3 currencies. For example, if we take the following ring:

We can see that we have 3 currencies present in this ring namely GBP, CHF and JPY. Now when we are buying the GBP/CHF and the GBP/JPY, we are infact also buying the cross pair CHF/JPY as well.. So, we have to actually also open a buy position on the CHF/JPY pair as well to stabilize the account.

After we have done this, we wait for the currencies to move and when we decide to take some profits, we close all the orders altogether. The aim is not to make profits from each individual trades, but to make an overall profit from all the 3 trades together...

You should use the ADR, Average Daily Range indicator to know how much the pair has already moved before entering into the trades. You dont want to trade a currency ring when all the 3 pairs has already move beyond their 75% daily range... The best spot is when the currencies has moves 25% of the daily range, then you open your trades and wait for the currencies to reach the 50%-75% daily range before closing your trades... You should not be waiting for a fixed profit level to be reached, you should just be satisfied with whatever you are getting and get out of the trades.

You can use an equity trailing EA which will trail the overall profits on the account. Trailing the entire account profit is better than trailing individual orders separately.

The best currency ring to trade are those that has the most activity is the GBP/USD, USD/JPY and GBP/JPY. As you can see, all the 3 currencies present in this ring are the Big Movers of the market.

It is advised that you trade only 1 currency ring per account as this will decrease undue drawdown that your balance can suffer with these type of strategies. It is also better in the sense that you will be able to study the behaviour of each ring separately and may better assess their performance.

You should always start with very small lots initially... for example, if you have a 10,000usd account, you can start with 0.10 lots and then increase it as your balance increases. Compounding your earnings is among the best ways to increase your profits and grow your account.

The last trading week of the quarter was uneventful as investors celebrated the equity market performance… European stocks were had their best quarter since 2009, up 7%, while Japan’s Nikkei index rose nearly 20% in the quarter, for its best performance in 24 years. MSCI’s benchmark emerging equity index was up 13.7% on the year. In the US, the S&P500 rose 12%, for its best quarterly performance since Q3 2009, while the DJIA had its best Q1 since 1998.

The main focus for the early week was on the Fed’s policy direction for QE3 as comments from Chairman Bernanke affirmed accommodative policy must continue. He noted that though the data is getting more encouraging the recovery is not yet self sustaining, and that policy options remain on the table if things get worse. Final Q4 US GDP met most expectations at +3.0%, however there were some worrying signs in durables goods and other manufacturing numbers; and without doubt, investors will be focusing on the upcoming NFP release next week for direction of USD…

In Europe, a stronger EFSF/ESM firewall fund was announced with a total of €800B, just in time for heightened tensions in Spain, where the government insisted that it did not need to consider a bailout for its banking system or request access to emergency funds.

In energy markets, crude prices fell as WTI crude, which nearly hit $109 last week, was down to $103 by Friday. Equity weakness in China helped lower prices for industrial metals somewhat, although copper prices still closed out Q1 up 11%.

With Friday being Good Friday in Europe with most banks and market closed, Friday’s NFP could be extremely volatile IF we get a strong surprise.

Need a signal for potential ENTRY coordinate? Analysis based on Currency Strength strategy, Support-Resistance technique and Candlestick morphology screening.

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A Holistic View in Forex Trading

Written by Nathan Tucci on March 5, 2012
______________________________________


You know, we always talk about the market like it is this wild beast that will tear you up and down relentlessly. Believe me, I get the analogy.. I have been chewed up many times myself. But, in the broad view of the Forex market, it has actually been rather mild over the years.

Sure, any pair at any time can spike 100 pips in the blink of an eye when you aren’t ready for it, but I am talking about a holistic, larger point of view. After all, a 100 pip spike may cost you a thousand dollars, but the price of the currency has hardly changed at all… a 100 pip move is a change of about one penny in the actual value of the currency.

Now, don’t get me wrong, I understand that the fluctuation of the market, even by a few pennies, is significant; but if we take an outside, objective view, the movement of a few hundred pips is no big deal.

Certainly, some currencies have moved enough to make very large changes in the world’s financial scope, but these kind of changes are made from years of consistent trending—not a few week rally.

A larger view of the currency markets shows us that, for the most part, different economies currencies are floating back and forth, constantly being held in check by the bounce or fall of a few pennies on the dollar.

I believe that a larger view of these markets and what they are really portraying can help us in our trading. I know that many Forex traders have a distorted view of the worlds’ economies because of what they see on their charts.

Let me give you an example:

Over the last several weeks, I have been stuck in some CAD/JPY shorts as the Canadian Dollar has been sky rocketing ESPECIALLY against the Yen. Now, to me, this run of Canadian strength has been brutal, and I cannot believe how weak the Yen has been.. It is driving me crazy.

HOWEVER, Imagine this:

A Canadian gentleman named Adam leaves for a trip to Japan on February 3rd (the same day I entered my Cad/Jpy short). Adam exchanges a thousand of his Canadian dollars for some Japanese Yen.

It turns out that Adam’s Japanese hosts are very kind and he ends up not having to spend a single Yen while he is there. He stays for about a month and arrives back to Canada on March 1st.

When Adam gets back to Canada, he exchanges his Yen back for Canadian dollars, expecting to get his thousand dollars back, and only receives 930 dollars.

Adam is a little annoyed that he just lost seventy dollars for no reason, of course, but seventy bucks really isn’t that big of a deal.

Meanwhile, I am basically making the same deal he did—trading Canadian dollars for Japanese Yen—yet I am losing thousands of dollars.

This happens because the leverage in Forex gives us a distorted view of the market. I made a little video to exaggerate my point.




Obviously, I am being completely unreasonable in the video, but I wanted to make the point that sometimes we do tend to have an unrealistic view of the market.

As a Forex trader, you should understand that any time a currency could move a hundred pips against you and it really means nothing. It is a simply penny fluctuation in the pair for one reason or another.

Keeping this holistic mindset while we trade can help our success… I will be writing an article soon, about exactly HOW I think it can help us be more successful, so stay tuned for that.


Thanks for reading!

Nathan

Markets started out calm and in a wait-and-see pattern during this past week, possibly due to the flood of central bank liquidity and the lack of scheduled high impact releases… However, trading picked up as demand for USD soared as traders detected a harder line from Fed Chairman Bernanke in his semi-annual monetary report to Congress on Wednesday, when he noticeably excluded any reference to QE3.

In Europe, ECB lent approx €530B in its three-year LTRO to around 800 European banks, which is roughly inline with the previous LTRO result. ECB officials also warned that there would not likely be a third round of LTRO coming, and data out on Friday suggested that much of the net new liquidity from the operation was parked in the ECB’s overnight facility. At the EU Leaders’ Summit on Friday, 25 of 27 EU nations agreed to implement the new fiscal pact, but they deferred final approval of the second Greek bailout package to next Friday, when the results of the private debt swap (PSI) should be available.

Earlier in the week, the ISDA ruled that the terms of the debt swap did not amount to a default, meaning that Greek sovereign CDS have not been triggered. And the focus was shifted as sketchy reports (later denied) of a pipeline explosion in Saudi Arabia propelled front-month WTI crude above the $110 handle. However crude futures closed out the week lower, down 2.8%, snapping a three-week winning streak.

In the US, economic data out this week were strong, with the second reading of the Q4 US GDP figures a bit stronger than expected at +3.0%. Regional manufacturing surveys also continued to be very robust, not metioning the Consumer Confidence readings…

All in all the market will be focusing on this coming week’s US NFP release, along with Mario Draghi’s ECB Press Conference…