Sunday, September 16, 2007

Currency Trading

I attended an interesting seminar on trading currency. In the past I lost some money in currency but the game is more controlled and advanced. I think I will try it but need to study more before jumping in. I think the most important point is to have the correct mindset which is to treat investing as a business and not as gambling. It is not due to luck but a mechanical process that be be used again and again. The best way as I have done is to read all the books I can on this subject and try a demo account. This will allow me to test my theories before hitting the water.

I did the same strategy recently when investing in the stock market. I tried to learn by joining a game sponsored by the stock exchange. I had learned a lot and I am not investing directly in the market rather than via brokers or investing in unit trusts. I hope I can do the same in currencies. It is a bot more risky because the swings are more volatile. So I should be more careful.

It is now I think the end game with the boss man's project. I think I have made some progress and I am just exaggerating the extent of the problem. But the issue is real and I am be seeing the true picture than the others who seem concerned. What is clear is that I should increase my engagement with him. There is too much here say and double talk and misunderstanding spread by other people so I need to establish a direct channel to him. This is the missing link in the project actually and I can achieve a lot with his direct supervision.

1 comment:

Anonymous said...

I just wanted to compliment you on putting together an informative Forex trading post. You may want to check out our unique forex signals site that predicts the exact minute that a major upward or downward short-term trend is going to happen for multiple currency pairs. We tell traders this all the night before and offer a free trial at http://www.iforexsignals.com to try it out. We would love to hear your feedback.

Forex Trading Signals