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Sunday, 23 February 2014

My new pigeon firm.

How to start an online business. I have only one pair pigeon. Now I am going to start a pigeon firm. But i have no idea on "How to start a pigeon firm?". How many pigeons I need to start a pigeon firm? What types of foods I need to collect for pigeons? I have decided to but five pairs of pigeon (  five pigeons are  male and five pigeons are female). Why i am thinking to buy five pairs pigeons ? If I buy five pairs mature pigeons, they will give at least five pairs new pigeons within one month. The next month they can give another five pairs. Totally I will have fifteen pairs of pigeons (five pairs parents pigeons and ten pairs baby pigeons). Then i can sell some of them for money. Even I can sell all the new born pigeons. WoW ! How much money I am going to earn. But before starting a pigeon firm I need to think about a big cage which can contain at least fifteen pairs of pigeons. I have bought some  boxes which are made of paper and wood. I have bought these boxes from fruits seller shops. Fruits sellers throw away their fruit boxes after selling their fruits. so you can buy the boxes for cheaper price. And it is the easy way to start a business when you have not huge money. I also don't know how to buy pigeon and where will I go to buy pigeon? so I am going to take helping from one of my brother-in-law. He knows a lot about pigeons. He will buy pigeons for me. Let us see what happen.

Friday, 21 February 2014

How to earn $1000 monthly by Forex trading reducing risk of account.

Dear Friends, Do you ever think how you earn $1000 monthly from your one trading account? We know we can do it easily. We can earn even more monthly. Yes we can do it. But it needs more risk. Even we may blow up our accounts. So we need to make a plan every month. Look, How i am going to make the plan. step1: First we will choose some pairs. This is not that we need to trade a pair all the time. If any pair become unpredictable we need to avoid it. The pairs which we can predict easily we will trade only those pairs. Step 2: After choosing some pairs we need to draw some support and resistant lines. We can see different time frame to have more clear idea. You must calculate how much opportunity you are going to get. Suppose you think that a pair GBPUSD will go 300 pips up and then will go down 90 pips within a week. So you are going to open a BUY position and you are going to get at least 100 pips from the setting. So we can say that you got one opportunity. Now to earn $1000 from the position you need to open a position with lot=10. Happy? But think it is too risky using ten standard lot per position. If your analysis go wrong you are going to loss huge money.So you can not rely on the position only. You need to look for more opportunities. But be patient. Your target is only $1000. You will not earn more then $1000 for the month. You will not be more greedy. As I show in the example you can look for more opportunities for other pairs. Now you can tell me that "Hey! why will I not use big lot size as I get opportunity?" It is because we are not taking more risk. We may earn or not but we are taking a small risk. We can find out more opportunities from more pairs. Step3: Now imagine that you got 3000pips opportunity from different pairs or from a pair from its ups and down for a month. Now write or take a note of some important points. Where you will buy or sell etc.Now look at the calculation below:
1. If we earn 10pips, lot=100 we earn$1000
2. If we earn 20pips, lot=50 we earn$1000 .
3. If we earn 50pips, lot=20 we earn$1000 .
4. If we earn 100pips, lot=10 we earn$1000.
5.If we earn 500pips, lot=2 we earn$1000.

Thursday, 20 February 2014

Is Forex hard or easy ?

This is a nice question. If you have experience of trading you may ask this question. Is Forex really easy or it is hard. In my view Forex is easy from some angles. One is to trade you need only a computer , internet connection download mt4 or mt5 software, log in to your account and Buy or Sell. And you will make profits after one minutes. How easy! in another view Forex is hard. When you lose again and again or when you open positions but the market goes against your direction. You all the time think one direction but market goes the opposite direction. You want price of a pairs will go down but it goes up, you think price will go up but it goes down. You think price may go more against you and you need to close your losing positions and after closing your positions with loss the price goes to your direction. Sometimes you think price will not go more against you and you keep positions opening. But price continue to your opposite direction. And finally you lose all money. How hard Forex is! To avoid these kinds of hardness i think it is better not to trade everyday, every month. Because there is some moment when Forex market act as you wish. These moments are for you to opening and closing with profits. Sometimes Fores market show a clear view and we can catch more pips trading these moments. trying to trade always bring hardness.