I didn't think I would be able to get any trading in today as the girlfriend was over for awhile. Finally did enter one position on the Dollar Yen as it was resisting hard off the R1. I felt like it had a good shot at heading back toward the pivot point so a position was entered with 20 minutes left to expiry. I only risked $200 because the theme of the week is to not lost the profits from this month, which are over 8k.
May 19, 2013
Good afternoon forex market! We are seeing some very high valuations on the U.S. dollar with talks of the economic easing stoppage. That means that the dollar may be increasing in value. This would raise the currency pair price of the USD/JPY, as it has been doing lately. It is at a 4.5 year high so far.
The new age gambling is binary options. It is a financial tool for traders, but also a really fun way for the everyday gambler to try and make money on stock price movement. It offers individuals the chance to make nice profits of 70% - 85% on their investment by doing something called a high/low option.
May 18, 2013
There are a lot of people getting into binary options trading lately. The only thing that will make these traders more money and allow them to quit their jobs and be full time professional binary market money makers is discipline. It is all about keeping your daily system in tact and actually developing a system that makes sense for yourself to follow. I have seen people tilt, including myself and end up losing thousands because they were just trying to make back a couple hundred in losses.