Today's Crab Apples! 24 July, 2009

>> Thursday, July 23, 2009

*click on the image to see closer how much profits are made : )*

For those of you who are new to the concept of forex, THIS is how you trade on my dear platfrom MARKETIVA. I'm not promoting it per se, but it's probably the most trusted and the simplest one to use yet.

All this TALK of just forex has got alot of people drooling the floors, but it gets tough to visualize amidst the sea of technical jargon. well? HERE IT IS!! haha.. if you look closely at the pictures, u will see a column named "points" (aka pips). These number will represent the profits made in terms of points, regardless of the investment size.

As long as it's ALL GREEN, u are a profit maker, and you are what we call here, A MOTHER FOREXER. hahaha. Everyone will come across RED pips regularly but as long as you learn to manage your risk properly, you can avoid losing the BIG BIG BIG BIG BIG sums of money (like i did... at least i lost weight) trying to learn the market.

I will be posting more info on this and as Don Corleone once said, I'll make you an offer you can't refuse. No horse heads though. AND I PROMISE YOU I WON'T POST MILES OF CRAPPY TESTIMONIALS!!! They SUCK big time.

YOU can learn this stuff if u have half a brain.

I'll be teaching anyone who's here in Malaysia, with very one-on-one classes, maximum 5 - 7 students at a time. And it's WAYYYY CHEAP! I will teach till u get it. For those overseas, I'll be giving online tutorials via a CHAT messenger of your prefference and u get extra reading materials.

As of now, if you'd like more info, just drop me an email at leaving me your name, address and phone number, and i will call you on a dime. : )

To the rest of you Mother Forexers and PIP Farmers out there, GOOD LUCK! wait for my daily news columns : ) adieu!



>> Wednesday, July 15, 2009

The Skinny on Forex Trading

What is FOREX?
The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or "FX" or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of over $4 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined! Forex rocks!

What is traded on the Foreign Exchange market?
The simple answer is money. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the euro and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).
Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.

In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to the other countries' economies.
Unlike other financial markets like the New York Stock Exchange, the Forex spot market has neither a physical location nor a central exchange. The Forex market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.
Until the late 1990's, only the "big guys" could play this game. The initial requirement was that you could trade only if you had about ten to fifty million bucks to start with! Forex was originally intended to be used by bankers and large institutions - and not by us "little guys". However, because of the rise of the Internet, online Forex trading firms are now able to offer trading accounts to 'retail' traders like us.
All you need to get started is a computer, a high-speed Internet connection, and the information contained within this site. was created to introduce novice or beginner traders to all the essential aspects of foreign exchange, in a fun and easy-to-understand manner.

What is a Spot Market?
A spot market is any market that deals in the current price of a financial instrument.

Which Currencies Are Traded?
The most popular currencies along with their symbols are shown below:

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Forex currency symbols are always three letters, where the first two letters identify the name of the country and the third letter identifies the name of that country’s currency.
When Can Currencies Be Traded?

The spot FX market is unique within the world markets. It’s like a Super Wal-Mart where the market is open 24-hours a day. At any time, somewhere around the world a financial center is open for business, and banks and other institutions exchange currencies every hour of the day and night with generally only minor gaps on the weekend.

The foreign exchange markets follow the sun around the world, so you can trade late at night (if you’re a vampire) or in the morning (if you’re an early bird). Keep in mind though, the early bird doesn’t necessarily get the worm in this market - you might get the worm but a bigger, nastier bird of prey can sneak up and eat you too…

Time Zone

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The Forex market (OTC)
The Forex OTC market is by far the biggest and most popular financial market in the world, traded globally by a large number of individuals and organizations. In the OTC market, participants determine who they want to trade with depending on trading conditions, attractiveness of prices and reputation of the trading counterpart.
The chart below shows global foreign exchange activity. The dollar is the most traded currency, being on one side of 86% of all transactions. The euro’s share is second at 37%, while that of the yen is third at 16.5%.


PIPPIN TIME!! - Daily Forex News Calendar

>> Monday, July 13, 2009

Welcome everyone! Let's start PIPPIN!!!


Korek the Forek!! A place for all beginners to start, cut your losses and start trading like a professional : )

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