Hi, I am Michael and I have been trading forex over the past 5 years as a part-time day trader.
I have tried many methods and strategies and they are more towards technical analysis. Of course, there are losses on the way which I have to bear. Sometimes, my emotion control over my strategy and this affect my result. From these experiences, I have learnt about money management, like when to place my trade, my stop loss and my target so that I can keep my losses to the minimum. And to win a trade, I need to know which strategy to use for different trading situation.
The purpose of this site is to help anyone who is interested in forex, to find out more about forex, how-to info, its trading methods and strategies. Hope that you can have a head start on making money in forex. Enjoy!
Founder of Make Money in Forex
4 thoughts on “About Me”
Forex trading is just like any other financial investment tool. Takes money and some smarts and patience. Although there are a lot of perks with forex trading such as 24 hour trading, largest liquid market, and very high volatility, one should still educate themselves as you would on any type of investment. Unless you just do not care about your money. First I would recommend learning up on some technical analysis. Just search that phrase with forex in front and you will find millions of resources. Then educate yourself up on fundamental influence on the currencies. Everyone finds there own knack at trading the forex market so don’t blindly fall into a so called forex guru’s marketing trap.
Thanks, Gaby for the advise. I am still working on this site and would like to find the best resources to add.
They are typically employed by MNCs to hedge their currency positions.
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