Plat-K

In this post i try to search why Forex trading so popular. and i find about forex trading become so popular that wrote by james wooley.
Forex trading has become extremely popular in recent years, thanks in so small part to the internet. Forex trading used to be conducted mainly by large banks but now many private traders can trade the markets using their own money. So why is forex trading so popular?

Well the main reason people are drawn to forex trading is because of the potential money that can be made. If you consistently win money from trading and increase your stakes as you go along, then your earning potential is unlimited. This is made easier by the fact that you can use leverage to trade. In other words you don't necessarily need a lot of capital to trade large positions because if a broker offers you 1:200 leverage, then you only need $500 to trade a position worth $100,000.

Of course if it was that easy to make money then we would all be millionaires, but the point is that it is possible to make a lot of money if you have a good strategy. It certainly beats traditional share dealing where you need to put up all the money if you want to buy shares in a company, and so the potential rewards are a lot smaller.

Another positive feature of forex trading is that the markets are open 24 hours a week during the working week so you can therefore still trade the markets even if you have a full-time job during the day. Liquidity isn't an issue either because even if you take a large position during the middle of the night, for example, you should have no problems getting filled as the currency markets are heavily traded all around the world and at all times of the day.

Another reason why many people are being drawn to forex trading is that there are now a lot of forex brokers advertising online. It is very easy to open an account and in a lot of cases you can start trading soon afterwards. Most brokers now offer a solid trading platform as well as useful extras such as free charting software to help you make trading decisions, and a free demo account so you can practice with pretend money before trading for real.

Indeed it is the fact that forex currency pairs conform extremely well to technical analysis that makes forex trading so popular. People all over the world are analysing charts and spotting the same trading patterns so it becomes a sort of self-fulfilling prophecy where the same trading patterns happen over and over again.

So overall it's easy to see the appeal of forex trading. There is potentially a lot of money to be made, and the great thing is that you don't necessarily need a lot of money to start off with. The use of leverage means your profits can multiply very quickly, but conversely you can also lose money quickly as well, so it's important that you adopt a solid trading strategy if you want to become a successful trader.


Written By: James Woolley

Sunan Kudus
From Wikipedia, the free encyclopedia
Sunan Kudus (or Ja'far Shadiq, d. 1550), founder of Kudus, is considered to be one of the Wali Sanga of Java, Indonesia
He is said to have originated the wayang golek, and founded the masjid at Kudus using (it is said) the doors from the palace of Majapahit. He took the place of his father, Sunan Ngudung.
History
He was Jaafar As-Sadiq son of Sunan Ngudung and Syarifah (sibling of Sunan Bonang), sons Nyi Ageng Maloka. It is said that he was a son of the Egytian sultan who migrated to Java. In the kingdom of Demak he was appointed as Commander in Chief of the army battalion. He went forth with Sultan Prawata, battling against Adipati Jipang, Arya Penangsang.
Dawah
He learned a lot from Sunan Kalijaga and apply most of the methods in dawah taught by Kalijaga. Kudus then fled to Central Java to the most empty place there such as Sragen, Simo and also Gunung Kidul.
He was so tolerant to the local culture and even more softer than the other wali up to the point that if someone said to have be having difficulty making dawah in Kudus they will refer back to Sunan Kudus as the most successful person in this area. He makes good use of the symbols appeared in Hinduism and Buddhism and manifested it into architecture especially mosques, minarets, entrance gates and ablutions symbolizing the Noble Eightfold Path of Buddhism. This is a compromising kowtow made by Kudus to his people.
On one occasion he deliberately called the locals to listen to his sermon by tying his cow named "Kebo Gumarang" in the mosque courtyard, the Hindus whom revered cows as their deity soon became sympathetic after listening to the explanation made by him in Sura al-Baqara. Up until then those people in Kudus refuse to slaughter bulls and cows because of their ancient beliefs in the sanctity of cows.
Sunan Kudus also complied stories on tawhid into series and made the crowd became enthusiastic in listening to those stories. This is the Javanese version of 1001 Arabian Night prior to the The Book of One Thousand and One Nights during the Abassid Caliphate.

Courage Under Stressful Conditions When the Outcome is Uncertain

All the foreign exchange trading knowledge in the world is not going to help, unless you have the nerve to buy and sell currencies and put your money at risk. As with the lottery “You gotta be in it to win it”. Trust me when I say that the simple task of hitting the buy or sell key is extremely difficult to do when your own real money is put at risk.

You will feel anxiety, even fear. Here lies the moment of truth. Do you have the courage to be afraid and act anyway? When a fireman runs into a burning building I assume he is afraid but he does it anyway and achieves the desired result. Unless you can overcome or accept your fear and do it anyway, you will not be a successful trader.

However, once you learn to control your fear, it gets easier and easier and in time there is no fear. The opposite reaction can become an issue – you’re overconfident and not focused enough on the risk you're taking.

Both the inability to initiate a trade, or close a losing trade can create serious psychological issues for a trader going forward. By calling attention to these potential stumbling blocks beforehand, you can properly prepare prior to your first real trade and develop good trading habits from day one.

Start by analyzing yourself. Are you the type of person that can control their emotions and flawlessly execute trades, oftentimes under extremely stressful conditions? Are you the type of person who’s overconfident and prone to take more risk than they should? Before your first real trade you need to look inside yourself and get the answers. We can correct any deficiencies before they result in paralysis (not pulling the trigger) or a huge loss (overconfidence). A huge loss can prematurely end your trading career, or prolong your success until you can raise additional capital.

The difficulty doesn’t end with “pulling the trigger”. In fact what comes next is equally or perhaps more difficult. Once you are in the trade the next hurdle is staying in the trade. When trading foreign exchange you exit the trade as soon as possible after entry when it is not working. Most people who have been successful in non-trading ventures find this concept difficult to implement.

For example, real estate tycoons make their fortune riding out the bad times and selling during the boom periods. The problem with trying to adapt a 'hold on until it comes back' strategy in foreign exchange is that most of the time the currencies are in long-term persistent, directional trends and your equity will be wiped out before the currency comes back.

The other side of the coin is staying in a trade that is working. The most common pitfall is closing out a winning position without a valid reason. Once again, fear is the culprit. Your subconscious demons will be scaring you non-stop with questions like “what if news comes out and you wind up with a loss”. The reality is if news comes out in a currency that is going up, the news has a higher probability of being positive than negative (more on why that is so in a later article).

So your fear is just a baseless annoyance. Don’t try and fight the fear. Accept it. Have a laugh about it and then move on to the task at hand, which is determining an exit strategy based on actual price movement. As Garth says in Waynesworld “Live in the now man”. Worrying about what could be is irrational. Studying your chart and determining an objective exit point is reality based and rational.

Another common pitfall is closing a winning position because you are bored with it; its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he reenters the game he is a serious threat to gain more yards – this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains – so why close it?

If you can be courageous under fire and strategically patient, foreign exchange trading may be for you. If you’re a natural gunslinger and reckless you will need to tone your act down a notch or two and we can help you make the necessary adjustments. If putting your money at risk makes you a nervous wreck its because you lack the knowledge base to be confident in your decision making.

Patience to Gain Knowledge through Study and Focus

Many new traders believe all you need to profitably trade foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months; some are initially successful and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.

To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge base without taking any shortcuts, thereby assuring a solid foundation to build upon.

created by : Jimmy Young on "GoForex"

When the going gets tough, the tough get going. This adage often brings back the memories of my past days when I was trading initially in the currency exchange market. Indeed, there's nothing more hurtful than losing your invested money in the FX market. But, online currency trading is like life where you're got to learn from your wrong moves and keep moving on. Learning the basic skills of online forex trading could be easy but, practically, one needs to acquire the advanced skills to play safe through thick and thin of FX trading.

I have traded in forex for many years and, if you count on me, I must tell you that the secret of successful trading lies largely on the hunch and intuition of an trader. Technically expressed, you should have the accurate forex alerts and forex signals to be able to make the right moves in the currency market. However, this is easier said than done as the skills of the Currency Trading Signal takes a long time to master. This is why while a few people are able to boost their forex pips in a short span of time, the others take a long time to achieve the same or maybe, some of them get frustrated and just give it up! The reality is that not many people are ready to be entirely devoted to the perilous process of online forex trading.

Having said this, I still wonder why some people choose to be a dare-devil and risk their money instead of simply following an established and renowned Account Forex Online Trading. I began trading in 1997 and there is one important thing I have learnt in my trading career so far, i.e., you have to got to be patient to learn the tricks of making right moves at the right times and profit from your trading.

Since I have led quite a successful career in forex trading, I have been sharing the tips and tricks of online currency trading with many traders around the world through my G7 Forex Trading System which as you know has remained pretty successful for many traders so far. My G7 Forex Trading System is an easy-to-follow, step-by-step trading manual offering in-depth online forex trading review.

If you visit my site (www.forex-science.com) you will find many of my existing customers are pretty satisfied with the performance of their investments and in fact, most of them have been able to increase their forex pips drastically. You would be surprised to know quite a few of them haven't traded for a long time! Now, this is what we call success in the forex trading, eh?

created by: James on "GoForex"

The Forex is essentially risk-bearing. By the evaluation of the grade of a possible risk accounted should be the following kinds of it: exchange rate risk, interest rate risk, and credit risk, country risk.

Exchange rate risk. Exchange rate risk is the effect of the continuous shift in the worldwide market supply and demand balance on an outstanding foreign exchange position. For the period it is outstanding, the position will be subject to all the price changes. The most popular measures to cut losses short and ride profitable positions that losses should be kept within manageable limits are the position limit and the loss limit. By the position limitation a maximum amount of a certain currency a trader is allowed to carry at any single time during the regular trading hours is to be established. The loss limit is a measure designed to avoid unsustainable losses made by traders by means of stop-loss levels setting.

Interest rate risk. Interest rate risk refers to the profit and loss generated by fluctuations in the forward spreads, along with forward amount mismatches and maturity gaps among transactions in the foreign exchange book. This risk is pertinent to currency swaps, forward outright, futures, and options (See below). To minimize interest rate risk, one sets limits on the total size of mismatches. A common approach is to separate the mismatches, based on their maturity dates, into up to six months and past six months. All the transactions are entered in computerized systems in order to calculate the positions for all the dates of the delivery, gains and losses. Continuous analysis of the interest rate environment is necessary to forecast any changes that may impact on the outstanding gaps.

Credit risk. Credit risk refers to the possibility that an outstanding currency position may not be repaid as agreed, due to a voluntary or involuntary action by a counter party. In these cases, trading occurs on regulated exchanges, such as the clearinghouse of Chicago. The following forms of credit risk are known:

1. Replacement risk occurs when counterparties of the failed bank find their books are subjected to the danger not to get refunds from the bank, where appropriate accounts became unbalanced.

2. Settlement risk occurs because of the time zones on different continents. Consequently, currencies may be traded at the different price at different times during the trading day. Australian and New Zealand dollars are credited first, then Japanese yen, followed by the European currencies and ending with the U.S. dollar. Therefore, payment may be made to a party that will declare insolvency (or be declared insolvent) immediately after, but prior to executing its own payments.

Therefore in assessing the credit risk, end users must consider not only the market value of their currency portfolios, but also the potential exposure of these portfolios. The potential exposure may be determined through probability analysis over the time to maturity of the outstanding position. The computerized systems currently available are very useful in implementing credit risk policies. Credit lines are easily monitored. In addition, the matching systems introduced in foreign exchange since April 1993 are used by traders for credit policy implementation as well. Traders input the total line of credit for a specific counterparty. During the trading session, the line of credit is automatically adjusted. If the line is fully used, the system will prevent the trader from further dealing with that counterparty. After maturity, the credit line reverts to its original level.

Dictatorship risk. Dictatorship (sovereign) risk refers to the government's interference in the Forex activity. Although theoretically present in all foreign exchange instruments, currency futures are, for all practical purposes, excepted from country risk, because the major currency futures markets are located in the USA. Hence, traders have to realize that kind of the risk and be in state to account possible administrative restrictions.

reprinted from : goforex

Here are some of the most common terms used in FOREX trading.

Ask Price ¨C Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask Prices are shown on the right side of a quote ¨C e.g. EUR/USD 1.1965 / 68 ¨C means that one euro can be bought for 1.1968 UD dollars.

Bar Chart ¨C A type of chart used in Technical Analysis. Each time division on the chart is displayed as a vertical bar which show the following information ¨C the top of the bar is the high price, the bottom of the bar is the low price, the horizontal line on the left of the bar shows the opening price and the horizontal line on the right of bar shows the closing price.

Base Currency ¨C is the first currency in a currency pair. A quote shows how much the base currency is worth in the quote (second) currency. For example, in the quote - USD/JPY 112.13 ¨C US dollars are the base currency, with 1 US dollar being worth 112.13 Japanese yen.

Bid Price ¨C is the price a trader can sell currencies. The Bid Price is shown on the left side of a quote - e.g. EUR/USD 1.1965 / 68 ¨C means that one euro can be sold for 1.1965 UD dollars.

Bid/Ask Spread ¨C is the difference between the bid price and the ask price in any currency quotation. The spread represents the broker's fee, and varies from broker to broker.

Broker ¨C the intermediary between buyer and seller. Most FOREX brokers are associated with large financial institutions and earn money by setting a spread between bid and ask prices.

Candlestick Chart - A type of chart used in Technical Analysis. Each time division on the chart is displayed as a candlestick ¨C a red or green vertical bar with extensions above and below the candlestick body. The top of the extension shows the highest price for the chart division and the bottom of the extension shows the lowest price. Red candlesticks indicate a lower closing price than opening price, and green candlesticks indicate the price is rising.

Cross Currency ¨C A currency pair that does not include US dollars ¨C e.g. EUR/GBP.

Currency Pair ¨C Two currencies involved in a FOREX transaction ¨C e.g. EUR/USD.

Economic Indicator ¨C A statistical report issued by governments or academic institutions indicating economic conditions within a country.

First In First Out (FIFO) ¨C refers to the order open orders are liquidated. The first orders to be liquidated are the first that were opened.

Foreign Exchange (FOREX, FX) ¨C Simultaneously buying one currency and selling another.

Fundamental Analysis ¨C Analysis of political and economic conditions that can affect currency prices.

Leverage or Margin ¨C The ratio of the value of a transaction to the required deposit. A common margin for FOREX trading is 100:1 ¨C you can trade currency worth 100 times the amount of your deposit.

Limit Order ¨C An order to buy or sell when the price reaches a specified level.

Lot ¨C The size of a FOREX transaction. Standard lots are worth about 100,000 US dollars.

Major Currency ¨C The euro, German mark, Swiss franc, British pound, and the Japanese yen are the major currencies.

Minor Currency ¨C The Canadian dollar, the Australian dollar, and the New Zealand dollar are the minor currencies.

One Cancels the Other (OCO) ¨C Two orders placed simultaneously with instructions to cancel the second order on execution of the first.

Open Position ¨C An active trade that has not been closed.

Pips or Points ¨C The smallest unit a currency can be traded in.

Quote Currency ¨C The second currency in a currency pair. In the currency pair USD/EUR the euro is the quote currency.

Rollover ¨C Extending the settlement time of spot deals to the current delivery date. The cost of rollover is calculated using swap points based on interest rate differentials.

Technical Analysis ¨C Analysis of historical market data to predict future movements in the market.

Tick ¨C The minimum change in price.

Transaction Cost ¨C The cost of a FOREX transaction ¨C typically the spread between bid and ask prices.

Volatility ¨C A statistical measure indicating the tendency of sharp price movements within a period of time.

In recent months, the job market has become increasingly competitive. But even as the economy slows, and there are increasing numbers of job seekers in the job market, there are many professionals who have been incredibly successful in conducting fast, effective job searches. What do they have in common? How are they doing it? Here are nine tips to speed your own job search and drive it to a fast, successful conclusion.

Know what you want and go after it. Starting a job search without knowing what you want will almost certainly end in frustration. Think about it: If you don't know what you want and what your job target is, how will you know who to contact and how to conduct your search? If you are uncertain about your career goals, it is critical that you spend some time and energy now - before launching your search - on self-introspection and analysis. Knowing what YOU want, what YOU are passionate about, and what YOU bring to the table will provide you with a confidence that simply can't and won't be matched by many of your competitors in the job market. This is the crucial first step to any job search and is essential for long-term career success as well.

Know and sell your personal brand. When you think about your next career move, how would things be different for you if employers and recruiters actually sought you out? Personal branding (the process of clarifying and communicating what makes you and your unique value proposition different and special) allows you to make a name for yourself. It differentiates you from your peers and helps to position you as a leader in your field - as a specialist and an authority who knows how to do a job and fill a particular niche in the workplace better than anyone else. Once you are clear on your personal brand, you can use it to project a cohesive brand image and value proposition throughout all your job search activities, and do so in a way that addresses the specific concerns of your target audience. By knowing and promoting your brand, you achieve instant, precision-like focus that positions you as the ideal candidate for the specific type of opportunity that interests you. You gain immediate competitive advantage.

Be able to clearly articulate who you are and what you have to offer. While this may feel uncomfortable to you, the simple truth is that a job search is a sales and marketing campaign: a sales and marketing campaign in which YOU are the product. Through the process of personal branding, you must identify what differentiates you and paint a compelling portrait of your unique value proposition. But, don't stop with just promoting this in your resume and then become tongue-tied when someone asks about you and your candidacy. You will hear the "what do you do?" or "tell me about yourself?" questions over and over, both during your job search and throughout your entire career. Don't wing it! Preparation is the key to confidence and the key to making a lasting, positive, and memorable first impression. Be ready with a 30-60 second pitch that immediately and confidently conveys to the listener who you are as a professional and what it is that you offer.

Learning to play guitar is an exciting and enriching activity that can bring hugh rewards in self confidence and personal satisfaction. Guitar provides gratification for people and learning to play guitar is just one way that you can have this enjoyment for yourself and others. The method you decide to use to learn to play guitar is up to you. While playing is not something you pick up overnight, it’s not impossible to play a guitar. It just takes determination and practice...practice...practice!

Guitar

Guitars come in all sizes, shapes and types. There is the acoustic guitar which has a hollow body and doesn't require an amplifier, although some do have pickups mounted on them for playing through an amp for more sound. These guitars can be played with either steel strings or nylon (more for classical style) on them. Some are flat and arched tops, and come with different width necks and scale lengths. You can buy a 6 string or a 12 string acoustic guitar. There is also the electric guitar which is played through an amplifier. These are somewhat easier to note than the acoustic because the strings are not as heavy a gauge and usually the strings are closer to the frets so it take less effort for your fingers to note the strings. If you're looking to buy your first guitar start small by buying an inexpensive one or borrow one from your friend. Before buying a guitar you should get some advice form a guitar teacher or someone that knows the guitar on how to decide whether you should learn to play guitar on an acoustic or electric guitar, and just what to look out for if you choose to buy a used guitar.

Lessons

Today with the Internet, computers and video, guitar lessons can be taken as if you had a guitar teacher, showing you where to place your fingers, the fine points of picking, and what pentatonic scales sound like, all in high definition video. There are video lessons of impressive quality for any style of guitar playing. There are CDs with information on almost any style of guitar playing you can think of. There are hundreds of web sites that even offer free lessons, most of which are very well created and can certainly be applied to your practice habit.

Strings and Tuning

There are many different varieties and gauges of strings. There are strings that are steel, nylon, bronze plated, nickle plated, flat wound, round wound, light gauge, heavy gauge,etc. In the early stages of practice, when you're learning how to play the guitar, your fingers will become sore and tender from noting the strings, but over time they will become hard and calloused.

Tuning your guitar involves adjusting the pitch of each string so that they play the correct note. Tightening the tuning peg raises the pitch of a string, while loosening the peg lowers the pitch. Since beginners usually have a hard time telling whether or not a string is in tune just by ear, it is often a good idea to purchase an electronic tuner.

Beginner

Start with proper training from the beginning regardless of what type of lessons you choose, and learn to play guitar the right way before bad habits are formed. Start with a beginner program and then progress from there as your ability and understanding grows.

Learning to play guitar is like many other activities, it takes effort and determination but the reward is very much worth the effort. Learning to play guitar is like learning any other skills. One important thing to keep in mind when learning how to play guitar is that playing should be enjoyable. Learning to play guitar is like a long journey...you don't get there overnight.
By: Lamar Deane

Dear Trader:

In order to became a successful trader you will have to learn how to avoid some of the most common mistakes and also applied some basic rules for your daily trading. There is not a set of rules, system or trading methodology that will guarantee your success in this business, but all of the winners will tell you, that is all of their personal rules together, that maintain them in the trading business. You may recognize that some of this rules are similar to other information that you have previously read, this only confirm their importance and the frequency in which many traders repeat the most commonly mistakes. There is no a particular order in which this rules or principles are written and all of them are essential for a successful trader.

1)Always trade with a plan, many traders does not have a trading plan, they just trying to guess if the price is going to go up or down.

2)Learn the fundamental and technical conditions of the markets that you pretend to trade; state and projection of the economy, economic data, overbought and oversold conditions affect the price action.

3)Invest in education, lets be honest nobody was born a successful trader, all of them had passed a hard preparation in which they have invested in courses, advisory services and trading tools. Don’t be afraid to invest in yourself, find a good course and a tuition services who guides you throw the process to be a professional trader, must of the most successful traders invest in advice.

4)Learn the particular specification of the contracts that you decide to trade, contract size and specifications, tick value, margin requirement; all this basic information will help you avoid basic mistakes.

5)Learn how to place the correct order, there are many types of orders, please learn all of them, many traders don’t understand that a stop order becomes a market order at the moment that the specific price is reached.

6)Don’t let second guesses abandon your original trading plan, stick to it, many traders make their homework but instead of placing an entry to a trade where they originally pretended to do, they just jump in pressed by their own stress, be patience.

7)Always trade with a stop, this is a basic rule on the trading bible, frequently a trader cancel or change their stop, this will only increase your losses on the bad trades.

8)Let your good trades run by trailing your stop, if you maintain small losses in your bad trades and you let your good ones run you will secure a good risk/reward trading strategy.

9)Support and Resistance Levels work, floor traders use extensively this areas to enter or exit a trade, try them, they simply work.

10)Over trading and scalping its not the same thing, inexperienced traders over trade, many successful day traders initiate every trade as a scalping letting it prove itself for a longer run.
by:Arthur Stern