Monday, May 7, 2012
Welcome to my blog. I will try to explain how to trade the forex markets in simple to understand language. I have been trading the forex markets for several years. I am what you would call a trader. I started out in stocks, but found that it required way too much money just to get started. At that time in my life I only had a few thousand dollars to play with. I even tried to daytrade, which I don't suggest. I will get into that more later. I have traded penny stocks as well. Then I discovered the commodity markets. I did not need as much money to start and it gave a greater return, which is what I craved. I did not want to work for someone else. I wanted to create an income with my investments. Over the last several years, however, it became increasingly difficult to trade futures. The Margins are out of control due to the inflation of all commodity prices, and much to my dismay, it looks like it is going to stay that way for a long time. That brought me to forex. Very little money get started, and much more flexability. Plus, no commissions, which if you trade like me is a killer. My goal here is to help others find their place in the forex market, based on your available cash to trade with, as well as your tolerance for risk. My methods are simple and can be very easily applied by anyone, but you must have discipline. More to follow, soon. Happy trading!