Friday, December 25, 2009

Master a strategy and use it very well

This is what will happen to you when you don't know how to the tool for the job.
You'll end up hurting yourself!
Learn the tools well and master it!
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Wednesday, December 23, 2009

I Signed Up for Foreign Exchange Trading Account

Finally, I signed up for a foreign exchange trading account. This will now be another source of income. In addition to the income that I am getting from trading stock options.

You might ask, why do you need to trade in FX when you are already trading stock options? Well...the answer is because, FX trading is simpler than stock options. With a solid trading plan and risk management discipline, it is easier to trade FX by watching a handful of currency pairs.

For those who want to improve in their technical analysis in trading FX, I recommend that you read this book from John Person. His concept on pivot points in combination with candlestick analysis is very powerful and will make very objective trading decision.

Tuesday, December 22, 2009

Recommend Options Trading Books

Guys, If you are serious about learning and become profitable in stock options reading, I recommend the following books.

Paul "Bear" Bryant Prayer

This is the beginning of a new day.
God has given me this day to use as I will.
I can waste it or use it for good.
What I do today is very important because I am Exchanging a day of my life for it.
When tomorrow comes, this day will be gone forever.
Leaving something in its place I have traded for it.
I want it to be a gain, not loss – good, not evil.
Success, not failure in order that I shall not forget the price I paid for it.

Why Trade Options?

Watch out for my blog soon... :)