FOREX MADE SIMPLE

Hi,

I am Chien Nyiap. I would like to share with you some simple proven methods to make consistent recurring income from forex trading. It can be done with convenience from any part of the world as long as internet connection is available. I have been trading many years in Stocks, Futures and Stock Options and believe me FOREX is truly a profitable investment. You can multilply your money by 10% to 30% monthly ! There is no need to have very big account, you can start small and make pip by pip, day by day and year by year. Guess what, it is 24 hours nonstop trading ! Just take a look at my trading statements, there is almost 100% gain, zero loss ! Heh...heh....heh.

For those new traders, if you think you are ready to trade, please view the following video before taking the "plunge".

HAPPY TRADING !

Some Useful Thoughts on Trading:

Can you beat the market? Many academics will tell you no. The markets are just too efficient in the long run. Those who appear to be winning are simply lucky fools who will get their comeuppance eventually. Are the efficient theory proponents right? I really don't know. Certainly the challenges are daunting. In any given year the only 10-20% of all market participants managed to beat the averages. Still, regardless of whether the professors are correct or not, traders will continue to trade for the very same reason that climbers continue to climb Mount Everest - the human spirit will always try master a challenge.

Following are my four rules for beating the market. They are by no means the definitive last word on the issue - they are simply my opinions - but I hope you find them of interest.

1. Have an edge.

There are only two type edges available to most traders in the market - informational and behavioral. (For now let's forget all about execution edge because most retail traders will never have it , and even if they get it, it will evaporate too quickly to be of any practical use) Informational edge is simply what we call fundamental analysis - and most retail traders ignore it at their own risk. Fundamentals are the primary drivers of price actions . To trade without knowledge of fundamentals is like driving blindfolded by "feeling the curves" of the road. Chances of a crash are almost guaranteed.

The second edge is behavioral which is simply another way of saying know your technicals. Technical analysis despite its fancy geometry and mathematical indicators is nothing more than an attempt to handicap human behavior. I believe that technicals work better on ultra short term time frames when price action is not subject to ever changing news flow, but that's a matter for debate. What's incontrovertible is that techs are an important compliment to fundamentals. We always trade in alignment with both and that approach provides us with our edge.

Recognize that ALL edges will disappear over time as more and traders attempt to exploit them. That why the search for edge is never ending process. That's why the game is so hard. The most successful traders are the ones who are flexible enough to adapt to the new market environment that inevitably forms every few years


2. Don't be greedy

I know that the standard trading advice is made your winners bigger that you losers, but I have never had success with that approach. Markets are generally not that generous. The standard refrain is that you need to be correct 50% of the time on a 2-1 reward/risk trade to make money in the long run, but in my experience the market produces strict 2 to 1 payoffs only 30% of the time making that strategy a loser. Floating profits are just that - floating. They can hit an iceberg anytime. That's why I've never found a better way to manage risk than to take partial profits early and try to ride the rest to glory. When it comes to trading a bird in the hand IS worth two in the bush

3. Be Humble

It is incredibly seductive to pound your chest when you are winning and proclaim you are the Greatest, but Mr. Market will bitch slap you mercilessly just when you think you have it all figured out. K and I are blazing hot right now, but we spend most of our time ruthlessly challenging each other's assumptions and come up with many more reasons to rule OUT trades rather than to rule them IN. Having done this for a long time we are the biggest skeptics of our own hype. We know just how tough this game really is. This brings me to my final point


4. Trade One Pip at a Time

The best way to make a millions in trading is to never try. Novice traders always approach trading with a hidden desire of hitting it big. The marketing literature of our business is littered with take "$10,000 to $1 Million in Just one year" pitches. That's not trading - that's the lottery! The real business, as many of you who have been for several years know, is remarkably prosaic. Two steps forward, one step back. Every basis point of return is a cold calculated battle with the market. In the end wealth, like all things in life, is built one brick at a time. Perhaps the reason why so few people make money from trading is because most simply don't have the patience or the equanimity to withstand Mr. Market's inevitable blows. But if you really like the game, the intellectual and financial rewards are well worth the challenge.

HAPPY TRADING !


YOU COULD ACTUALLY ACHIEVE FINANCIAL FREEDOM BY TRADING FOREX, ANYTHING BETWEEN 10% TO 50% PER MONTH IS ACHIEVABLE, PROVIDED YOU KNOW HOW !

I MANAGED TO MULTIPLY MY MONEY 200% JUST IN ONE (1) MONTH AND ZERO LOSS !! BELIEVE IT ? CLICK THE FOLLING LINK TO SEE BY YOUR OWN EYES.

http://www.scribd.com/doc/23244820


Do you like to know how I did it, contact me at:
chiennyiap@yahoo.com 0r call +6019-213-8811


HAPPY PIPPING