Early to bed and early to rise - Till you get enough money to do otherwise.

Being rich doesnt always mean having money, It means being happy with the amount you have.

It takes a brain to earn money, but a heart to give it..

Until you are happy with who you are, you will never be happy with what you have..

After the game, the king and the pawn go into the same box..

Sunday, September 8, 2013



Here is a SYSTEMATIC WAY to become a trader:

1. Decide what kind of trader you want to be

Do you want to be a day trader or a swing trader? Do you want to trade stocks, futures, forex or options? Do you want to use fundamental analysis or technical analysis? Do you like to rely on chart patters or on indicators? - There's no "right" or "wrong" way to trade. Every trader is different. For some traders day trading is easy. Other traders don't like making quick decisions and rather take time to analyze the charts in the evening.
Note: THIS is probably the most important step! - So make sure you know what trader you want to be.

2. Find a strategy that suite YOU.

There are thousands of profitable trading strategies out there. But you have to find one that works for you. As an example, if you like a high winning percentage, you should consider a scalping strategy like "The Seahawk Strategy". If you are looking for a trading strategy that takes advantage of trends with a smaller stop loss than profit target, then you need a trend-following strategy like "The Simple Strategy". Make sure that the trading strategy fits YOU, otherwise you'll never have the discipline to follow the rules of the strategy.

3. Get a charting software and a trading platform

Once you completed the first two steps, you can now select a charting software and a trading platform that supports YOUR trading style and YOUR trading strategy. Don't do it the other way around! I've heard from many traders who FIRST select their charting software and then wonder why you can't display the indicators or time frames that your trading strategy demands.

4. Practice the trading strategy

Never ever trust ANY performance statistic unless it's your own! You need to practice the trading strategy that you selected for 3 reasons:

Make sure that you understand the rules and can EXECUTE the strategy.
Make sure you're comfortable with the strategy.
Make sure that the strategy is actually making money

5. Learn chart reading to improve the performance of your strategy

A trading strategy is either trend-following or trend-fading. To date I haven't seen a "hybrid" strategy. A trend-following strategy performs well in trending markets, but has more losing trades in sideways markets. Therefore it's important that you practice your chart reading skills to easily identify whether the market is going up, down or sideways. Trade a trend-following strategy like "The Simple Strategy" in trending markets, and use a trend-fading strategy like "The Ping Pong Strategy" in sideways markets.

6. Understand money management

It is a proven fact that without proper money management you can lose money despite having a profitable trading strategy. You MUST understand money management if you want to become a professional trader. You might have heard of Larry Williams, who turned $10,000 into $1,000,000 in only 12 months. I asked him about his secret, and he said he couldn't have done it without flawless money management.

7. Create your trading plan

There's a huge difference between a trading strategy and a trading plan (check out my other blog post for more detailed information).

8. Execute your plan on a simulated account

Yes, a simulated account is not the same as trading with real money. But if you can't make money on a simulator, chances are slim that you will make money on a real account! Take your time and practice your plan. Make sure that you make consistent money on the simulator before committing real money to trading.

9. Execute your plan with real money

Start small - grow big! Even if you already traded larger size on a simulated account, start with the smallest number of contracts or shares possible when trading real money. Keep in mind that trading real money is different than trading on a simulator. Fills will be different, and you might experience some emotional pressure. Make sure that you still make money on a real account before increasing your position size.

10.Use money management to grow your account

You can't trade small lots forever! If you want to become a trader and make a living trading, then you need to increase your position size. But as I said earlier: Without proper money management you could lose money despite having a profitable trading strategy, so make sure to apply solid money management to grow your account.

note :
Trading is a business. It's a profession. And like any other business it needs planning. STRATEGIC PLANNING.
 Tags: Forex, How to trade forex, Forex Strategies, Best Strategy, Forex trader, How to be a good forex trader, Forex Trading

Thursday, August 22, 2013

Keyboard Shortcuts

Keyboard Shortcuts 100+

(Microsoft Windows)

1. CTRL+C (Copy)
2. CTRL+X (Cut)
...... 3. CTRL+V (Paste)
4. CTRL+Z (Undo)
5. DELETE (Delete)
6. SHIFT+DELETE (Delete the selected item permanently without placing the item in the Recycle Bin)
7. CTRL while dragging an item (Copy the selected item)
8. CTRL+SHIFT while dragging an item (Create a shortcut to the selected item)
9. F2 key (Rename the selected item)
10. CTRL+RIGHT ARROW (Move the insertion point to the beginning of the next word)
11. CTRL+LEFT ARROW (Move the insertion point to the beginning of the previous word)
12. CTRL+DOWN ARROW (Move the insertion point to the beginning of the next paragraph)
13. CTRL+UP ARROW (Move the insertion point to the beginning of the previous paragraph)
14. CTRL+SHIFT with any of the arrow keys (Highlight a block of text)
SHIFT with any of the arrow keys (Select more than one item in a window or on the desktop, or select text in a document)
15. CTRL+A (Select all)
16. F3 key (Search for a file or a folder)
17. ALT+ENTER (View the properties for the selected item)
18. ALT+F4 (Close the active item, or quit the active program)
19. ALT+ENTER (Display the properties of the selected object)
20. ALT+SPACEBAR (Open the shortcut menu for the active window)
21. CTRL+F4 (Close the active document in programs that enable you to have multiple documents opensimultaneou sly)
22. ALT+TAB (Switch between the open items)
23. ALT+ESC (Cycle through items in the order that they had been opened)
24. F6 key (Cycle through the screen elements in a window or on the desktop)
25. F4 key (Display the Address bar list in My Computer or Windows Explorer)
26. SHIFT+F10 (Display the shortcut menu for the selected item)
27. ALT+SPACEBAR (Display the System menu for the active window)
28. CTRL+ESC (Display the Start menu)
29. ALT+Underlined letter in a menu name (Display the corresponding menu) Underlined letter in a command name on an open menu (Perform the corresponding command)
30. F10 key (Activate the menu bar in the active program)
31. RIGHT ARROW (Open the next menu to the right, or open a submenu)
32. LEFT ARROW (Open the next menu to the left, or close a submenu)
33. F5 key (Update the active window)
34. BACKSPACE (View the folder onelevel up in My Computer or Windows Explorer)
35. ESC (Cancel the current task)
36. SHIFT when you insert a CD-ROMinto the CD-ROM drive (Prevent the CD-ROM from automatically playing)

Dialog Box - Keyboard Shortcuts
1. CTRL+TAB (Move forward through the tabs)
2. CTRL+SHIFT+TAB (Move backward through the tabs)
3. TAB (Move forward through the options)
4. SHIFT+TAB (Move backward through the options)
5. ALT+Underlined letter (Perform the corresponding command or select the corresponding option)
6. ENTER (Perform the command for the active option or button)
7. SPACEBAR (Select or clear the check box if the active option is a check box)
8. Arrow keys (Select a button if the active option is a group of option buttons)
9. F1 key (Display Help)
10. F4 key (Display the items in the active list)
11. BACKSPACE (Open a folder one level up if a folder is selected in the Save As or Open dialog box)

Microsoft Natural Keyboard Shortcuts
1. Windows Logo (Display or hide the Start menu)
2. Windows Logo+BREAK (Display the System Properties dialog box)
3. Windows Logo+D (Display the desktop)
4. Windows Logo+M (Minimize all of the windows)
5. Windows Logo+SHIFT+M (Restorethe minimized windows)
6. Windows Logo+E (Open My Computer)
7. Windows Logo+F (Search for a file or a folder)
8. CTRL+Windows Logo+F (Search for computers)
9. Windows Logo+F1 (Display Windows Help)
10. Windows Logo+ L (Lock the keyboard)
11. Windows Logo+R (Open the Run dialog box)
12. Windows Logo+U (Open Utility Manager)
13. Accessibility Keyboard Shortcuts
14. Right SHIFT for eight seconds (Switch FilterKeys either on or off)
15. Left ALT+left SHIFT+PRINT SCREEN (Switch High Contrast either on or off)
16. Left ALT+left SHIFT+NUM LOCK (Switch the MouseKeys either on or off)
17. SHIFT five times (Switch the StickyKeys either on or off)
18. NUM LOCK for five seconds (Switch the ToggleKeys either on or off)
19. Windows Logo +U (Open Utility Manager)
20. Windows Explorer Keyboard Shortcuts
21. END (Display the bottom of the active window)
22. HOME (Display the top of the active window)
23. NUM LOCK+Asterisk sign (*) (Display all of the subfolders that are under the selected folder)
24. NUM LOCK+Plus sign (+) (Display the contents of the selected folder)
25. NUM LOCK+Minus sign (-) (Collapse the selected folder)
26. LEFT ARROW (Collapse the current selection if it is expanded, or select the parent folder)
27. RIGHT ARROW (Display the current selection if it is collapsed, or select the first subfolder)

Shortcut Keys for Character Map
After you double-click a character on the grid of characters, you can move through the grid by using the keyboard shortcuts:
1. RIGHT ARROW (Move to the rightor to the beginning of the next line)
2. LEFT ARROW (Move to the left orto the end of the previous line)
3. UP ARROW (Move up one row)
4. DOWN ARROW (Move down one row)
5. PAGE UP (Move up one screen at a time)
6. PAGE DOWN (Move down one screen at a time)
7. HOME (Move to the beginning of the line)
8. END (Move to the end of the line)
9. CTRL+HOME (Move to the first character)
10. CTRL+END (Move to the last character)
11. SPACEBAR (Switch between Enlarged and Normal mode when a character is selected)
Microsoft Management Console (MMC)
Main Window Keyboard Shortcuts
1. CTRL+O (Open a saved console)
2. CTRL+N (Open a new console)
3. CTRL+S (Save the open console)
4. CTRL+M (Add or remove a console item)
5. CTRL+W (Open a new window)
6. F5 key (Update the content of all console windows)
7. ALT+SPACEBAR (Display the MMC window menu)
8. ALT+F4 (Close the console)
9. ALT+A (Display the Action menu)
10. ALT+V (Display the View menu)
11. ALT+F (Display the File menu)
12. ALT+O (Display the Favorites menu)

MMC Console Window Keyboard Shortcuts
1. CTRL+P (Print the current page or active pane)
2. ALT+Minus sign (-) (Display the window menu for the active console window)
3. SHIFT+F10 (Display the Action shortcut menu for the selected item)
4. F1 key (Open the Help topic, if any, for the selected item)
5. F5 key (Update the content of all console windows)
6. CTRL+F10 (Maximize the active console window)
7. CTRL+F5 (Restore the active console window)
8. ALT+ENTER (Display the Properties dialog box, if any, for theselected item)
9. F2 key (Rename the selected item)
10. CTRL+F4 (Close the active console window. When a console has only one console window, this shortcut closes the console)
Remote Desktop Connection Navigation
1. CTRL+ALT+END (Open the Microsoft Windows NT Security dialog box)
2. ALT+PAGE UP (Switch between programs from left to right)
3. ALT+PAGE DOWN (Switch between programs from right to left)
4. ALT+INSERT (Cycle through the programs in most recently used order)
5. ALT+HOME (Display the Start menu)
6. CTRL+ALT+BREAK (Switch the client computer between a window and a full screen)
7. ALT+DELETE (Display the Windows menu)
8. CTRL+ALT+Minus sign (-) (Place a snapshot of the active window in the client on the Terminal server clipboard and provide the same functionality as pressing PRINT SCREEN on a local computer.)
9. CTRL+ALT+Plus sign (+) (Place asnapshot of the entire client window area on the Terminal server clipboardand provide the same functionality aspressing ALT+PRINT SCREEN on a local computer.)

Microsoft Internet Explorer Keyboard Shortcuts
1. CTRL+B (Open the Organize Favorites dialog box)
2. CTRL+E (Open the Search bar)
3. CTRL+F (Start the Find utility)
4. CTRL+H (Open the History bar)
5. CTRL+I (Open the Favorites bar)
6. CTRL+L (Open the Open dialog box)
7. CTRL+N (Start another instance of the browser with the same Web address)
8. CTRL+O (Open the Open dialog box,the same as CTRL+L)
9. CTRL+P (Open the Print dialog box)
10. CTRL+R (Update the current Web )

Thursday, January 24, 2013

Major Currency Pairs in Forex Trading

Major currency Pairs In Forex Trading

As you know, each State has its own currency in the international market given each currency special symbol Symbol know him to facilitate the interaction between traffickers without errors occur for example, may resemble several countries in the name of the currency with which the dollar is the name of U.S. currency and the currency of Australia and the currency of Canada and many other countries Even talking errors when buying and selling was internationally agreed that each country's currency is given its own code symbol known in different parts of the world.

For example, the U.S. dollar is the code USD short US dollar

The Canadian dollar symbol is a CAD short for Canadian dollar

The symbol of the Australian dollar is AUD short for Australian dollar

Thus each currency tracking any special symbol state symbol know.

And you, in principle, you can buy and sell currency of any country of the world. But trading the currency market is concentrated mainly buying and selling four currencies:

Euro: a single European currency symbol EUR.

Japanese Yen: which is the currency of Japan and Symbol JPY short for Japanese yen.

Sterling: It is Britain's currency symbol GBP short for Great Britain pound.

The Swiss franc: which is the currency of Switzerland and Symbol CHF short for Confidralic Helevitica Franc.

In the currency market is 80% of the trading in the sale and purchase of the previous four currencies.

But compared to what?

When you want to buy the euro, what would pay interview? When you want to sell the euro so what you'll get?

And when you want to buy the yen, what would pay interview? When you want to sell the yen so what you'll get?

On the U.S. dollar

Dealing buying and selling predecessor currencies, it will all be against the U.S. dollar.

Remember we said that currency trading is in the form of pairs pairs When you buy a currency must sell - pay - against which other currency, and vice versa. The currency that you get is the currency you are buying and paid by the currency is the currency in which it sells.

In the currency market when you buy euro interview will sell the U.S. dollar, and when you sell the euro will buy interview the U.S. dollar.

When you buy the yen interview will sell the dollar, and when you sell the yen will buy interview dollar.

Thus of the pound sterling and the Swiss franc.

You may wonder: Why are most of the transactions in these currencies in particular? Can not buy and sell other currencies?

Answer: Did you ever think that you go to the ATM and requests buy Thai Baht?!!

If you try to find it difficult to find the ATM sell you Thai Baht


Because few people they can use the Thai currency in your country.

But if I went to the cashier to buy or sell the U.S. dollar or the pound sterling example Vstgdama easily because there are a lot of people are dealing with these two currencies acceptable understanding not only in the United States and Britain, but from various countries around the world that demand for them is high.

And because the euro, the yen and the pound sterling and the U.S. dollar are the currencies of countries with the largest economy in the world, and because most dealings between states and individuals are one of these currencies is why is 80% of the trading in such currencies.

The Swiss franc doubt that the Swiss economy on the strength of ايقارن economy the previous four states only that the global custom made Swiss economy and its currency is the safe haven franc at major international calamities, but I doubt you know that most of the world's richest men keep their money in Swiss banks ..!!

Because the U.S. dollar is the most important of these currencies at all.

Is the main currency for all of the previous four currencies.

When you buy the euro dollar you pay when you sell you get dollars.

When you buy the Swiss franc dollar you pay when you sell you get dollars.

As well as for the yen and the pound sterling.

The dollar is the common currency against all currencies where they are treated every other currency unit against the dollar:

Euro against the dollar EUR / USD

GbpUsd GBP / USD

UsdJpy USD / JPY

Dollar against the Swiss franc USD / CHF

This currency is called the four when they bought and sold against major currencies dollar Majors.

Other currencies

In addition to dealing in the previous four currencies against the dollar, you can also buy and sell currencies of other countries in the currency market was also higher against the dollar, such as:

U.S. dollar against the Canadian dollar USD / CAD.

Australian dollar against the U.S. dollar AUD / USD.

When you buy the Canadian dollar would sell - will pay - the U.S. dollar, and when you sell the Canadian dollar will buy the U.S. dollar.

The same thing applies to the Australian dollar.

Of course, you can buy any currency against the dollar, for example, you can buy the Saudi riyal and sell the dollar as you do when you go to a money exchange.

But in the international currency market, the majority of currency speculators do not exceed that we have mentioned is concentrated 80% of the deal on the four major currencies against the dollar.

This gives the advantage of focusing the stores to the forex market from other traders to other markets.

Currency hybrid Croses

You may be wondering what if I wanted to buy the currency without pay U.S. dollar, but I have to pay - for sale - another currency?

What if I wanted to buy the euro and sell sterling interview? Is this possible?

Answer: Yes possible we have said that you can buy and sell any currency against any other currency.

You can buy the euro and sell interview sterling EUR / GBP.

You can buy the franc and pay interview Japanese Yen CHF / JPY.

So you can buy any currency against any other currency without the need of the U.S. dollar.

Called currency to be bought or sold against currencies other than the U.S. dollar denominated hybrid CROSES.

The most famous hybrid currencies which are traded in the currency market are:


EurJpy EUR / JPY.


British pound against the Japanese yen GBP / JPY.

British pound against the Swiss franc GBP / CHF.

But as we mentioned earlier, the vast majority of traders are focusing on the sale and purchase of four major currencies mainly, and there are those who prefer to deal in trading some hybrid currencies.


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