Train and Milling Patience
Lin Wei is the youngest college Shoulin monks in northern China. On one when a group attacked a rebel from the South Shoulin village near the university.
Because the enemy is too many, then some monks shoulin down helped drive the enemy from the village. Battle with empty hand and weapons so great, so many monks the wounded.
From the castle shoulin, Lin Wei could only watch his colleagues fighting. Lin Wei, clenching his hands and ran to retrieve war supplies such as bamboo and sword. He desperately wanted helping his friends in battle.
When the newly opened main gate, there was screaming loud Lin Wei echoed until the ear pain. It came from the teacher. He banned Lin Wei to fight, because the consideration of a case. Wei Lin pleaded with her teacher to take part in combat, but teachers said only. "At one time, when the learning is complete,
then I allow you to Lin Wei to fight. "
From the illustration above can be described as his case a "trader", to always introspection." What have I learned? or Is have enough knowledge to dive in the world in real forex trading this?.
Traders are "high-quality", will not go into the arena if not complete "weapons". Patient to continue practicing on a demo before entering the "real". Traders do not ignore the high-quality the demo. Demo for him is a guide of success, Every transaction of the demo is "recorded", the "print" and then back "The analysis" then on "check the profitability of his strength.
It does not matter whether the trader is already "old" or "new", if not diligent to "ask", if not diligent to "analyze" primarily "to make a demo deal", refused to "different" from Most traders will be TTS or logo affixed to the sea
aka "Just into the sea."
The patience to continue to explore the world of knowledge in this forex trading
is a prerequisite for long-term success. Sometimes many which asked "How long do I must Demo Account? usually I replied "
1. Until you feel comfortable with your own trading "
2. Comfortable with the security of your equity.
3. Comfortable when you grow and Equity
4. Comfortable also "do the right thing" when your Equity reduced.
Once again, patience holds the key to successful trading in this trading world.
Simple EMA and Bolinger Band
Red = EMA 5
Blue = EMA 50
and the Green = Bolinger Band 20
then there are three entry points ..
1. Crossing the midline EMA 5 bolinger band or like I call the mid bolinger
2. Crossing EMA 50 with EMA 5
3. Candle bodynya the overall position is outside the band bolinger
Movement direction I see in H4 while for go to the market, I use M15 time frame this also means that if the H4 direction is still down, I will be patient to only take advantage of all crossing the support down and let all the crossing that does not support. then if use SL, then located in the outer bands bolinger.
If the clay image that I display, then the M15 I will still sell for position, because H4 was beckoned down.
Also for the record ... usually when the 5 EMA crosses with mid bolinger, the nearest target is the EMA 50 and the farthest is bolinger outer bands ... with EMA EMA five crossing 50 has the closest target in outer bolinger while for the third entry, usually the closest target is the mid bolinger and EMA 50.
I also recommend if make this model, must be in a condition ready for the trading profit .. so then brush, do not chat or be left in, just pursue profits, do not chase pipsnya .... good luck ..
BAWAG Scandal
BAWAG Profile
Bank für Arbeit und Wirtschaft is a bank in Vienna, Austria with the mission as a bank serving the Commercial banking, Investment banking, private banking and asset protection clients. Established in 1922 and on October 1, 2005, the bank's merger with investment institutions Österreichische Postsparkasse (PSK) and the name was changed to "Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG", abbreviated to BAWAG PSK Actually a majority stake Österreichische Postsparkasse (PSK) has been controlled by BAWAG. But only in the year 2005 the merger occurs.
BAWAG scandal nearly ruined by Refco in 2005 with the existence of bad debts amounting to 425 million, giro and ditotal bonds amounting to 1.4 billion Euros for Forex transactions. People who are related to internal party named Wolfgang and Helmut Elsner Flöttl.
Unable to survive because of the large losses that the U.S. investment firm Cerberus Capital Management bought BAWAG with funds amounting to 3.2 billion pounds.
Refco Profile
Refco is a futures brokerage firm that includes forex trading, indexes and commodities. Founded in 1969 under the name "Ray E. Friedman and Co.." or shortened by Refco. In 2005, Refco transaction volume reached $ 4 billion in 2005, with customer numbers reaching 200 thousand people. Refco also included in the list of brokers in the Chicago Mercantile Exchange
Wolfgang scandal Flotti&Helmut Elsner
elsner.jpg
Financial scandal began on October 10, 2005 where the CEO (Chief Executive Officer) and concurrent leader Refco, Phillip R. Bennett hid $ 430 million funds for unbeknownst to investors and auditors. In April 2006 Bennett crimes known to the customer file from Bawag PSK Group (a member of the investment firm / hedge fund Liberty Corner Capital Strategy, Refco place to borrow money.) Bennett can be concluded to borrow money to BAWAG. Bennett handed the money $ 430 million to investment firm Ross Capital.
flotll.jpg Wolfgang Flottl was a trader at Capital that mentradingkan Ross Bennett funds which amounted to $ 430 million. Before the public know the embezzlement of funds by Bennett, so Bennett borrow money again for 350 million Euros to the BAWAG to close the fund amounted to $ 430 million. BAWAG internal party which approved loan limit is Helmut Elsner Bennett. Problems began when the investment made by Wolfgang losers. This is where the complicated process of happening. Finally, the Austrian Central Bank and Financial Market Authority, the body knows there is something wrong and investigate BAWAG's involvement with Refco.
Bennett eventually arrested and required to pay all its debts. Overall Bennett, Wolgang, and General Director of BAWAG Helmut Elsner was arrested authorities.
For committing acts detrimental to speculation and fraud that the bank BAWAG (4th largest bank in Austria), in the end (derived from AustriaTimes) Helmut Elsner and Wolfgang Flotti each sued for 09.05 years and 2.5 years in prison.
BAWAG bank scandal would eventually bring the total nine people were prosecuted into custody. The huge losses experienced by BAWAG result in this company sell to Cerberus Capital Management LP in 2007.
Here is the error made by his prison sentence Elsner which resulted in quite severe:
1. Helmut Elsner banks lend funds to the U.S. futures at Refco Inc., which was in the bankruptcy.
2. Helmut Elsner also plead guilty has been lending money to Wolfgang Flotti because lending is based on risk and without liability. More than that, Elsner also did not disclose the amount of money lent after the fund had loaned it out, since the act of speculation. He was also found guilty of receiving bonuses and retirement benefits that should not have received if from the beginning he has caused substantial losses.
While for Wolfgang Flotti not described in detail the action he did. However, as a hedge fund manager, he is being prosecuted for the actions of an improper use of funds, fraud, and deception in reporting.
However, despite all that, according AustrianTimes, Wolfgang and Helmut Elsner Flotti still have the right to request review of their case.
Soros and the Asian Monetary Crisis
Because the beginning of this crisis is clear. All this stems from a dirty game that is international currency speculators to bring down a number of currencies in Asia. One powerful speculators who have capital, and therefore most big role in this crisis, is George Soros through its financial management institutions. No wonder if the Prime Minister of Malaysia at that time, Mahatir Muhammad, states, George Soros must be responsible for the monetary crisis that hit several Asian countries began the second quarter of 1997.
Mahatir linking globalization with this crisis. Mahatir said, Once we receive and apply the globalization of economic freedom in our country, economy and our money to attack the great powers of world finance and those that are benefited by this system. Mahatir added that the results of 40 years of hard work just vanished Malaysian nation in a few weeks due to work some people and there is no international law than anything that can be used to deal with people like this.
Prime Minister Mahathir's remarks, "Trading money is immoral deeds. "The fact it shows that the currency trading or foreign exchange tend to harm the weak. Currency speculators did not hesitate to shake the stability of a country for their own benefit. In monetary cases in Indonesia, mid-year 1997 was a period when the payment of corporate debt-maturity private corporation with around 8 million dollars. Not to mention if the SOEs are also taken into account debt maturities and government obligations to pay the mortgage debt and related interest, which is big enough, which is around six billion dollars. That is, at that time, demand for dollars increases. At that moment, the currency traders bought the dollar and then sell at high prices. As a result, thousands of Indonesian companies went bankrupt, prices have soared so high that the number of poor people increased sharply, and the Indonesian government is now burdened with debts amounting to 1.5 thousand trillion rupiah.
Sri Mulyani was appointed a director of the world bank
World Bank President Robert Zoellick said Sri Mulyani Indrawati, a leading finance ministers and said she would play an important role in helping to lead the bank's move to strengthen its client support and implement reforms.
Sri Mulyani appointed as finance minister of Indonesia since 2005, directing the economic policy of one of the largest country in Southeast Asia. In his new role, Sri Mulyani will supervise or oversee the three areas namely the World Bank Latin America and the Caribbean, Middle East and North Africa, and East Asia and the Pacific, the statement said.
Sri Mulyani will be joining the World Bank on June 1, and will replace Juan Jose Daboub who completed his four-year period as Executive Director on June 30, the bank said, as reported by Reuters.
He confirmed the news and still have to wait for approval and permission from the President. "The news was true and now I will still of course depend on the approval and permission of Mr. President," he said to the press after a seminar in Jakarta, today
Forex Class
Some people open a real account without sufficient practice time just because they made a few times their profits in the demo account! We will learn later what it is
demo account and why it's important. What is clear, open a real account without
good practice with the same fighting without a gun. Suicide.
To that end, Learn Forex understand the need for an educational module appropriate and targeted to all beginners in learning forex trading. The hope is no longer beginners forex confusion and asked: "Where I have to start learning forex
Me? " Yes of course the best place for you to learn is in school. We spent nearly one third of our lives with the school. Now, if there are schools for doctors, engineers, architects, and more. If so the right school for you and I to learn forex trading Forex School yes. This school is not a name. Still generic. So
we refer to this Forex School.
Each module is designed to make ordinary people understand the concept of trading.
Starting from the macro picture of the forex investment up to the smallest detail
though. Entering the higher levels, you will be given more in-depth knowledge about the psychology of forex and more money management.
Do not disconnect your forex schools middle of the road! Stay tuned based on the sequence, do not jump around and remain consistent studied. Each class had to pass though sometimes tedious. Ok, here's our forex class division. Classes will be divided into four levels.
1. Sitting Duck
In the first level is called Sitting Duck Class. Here You will learn the basics of investing and a little common sense forex. This class is for you who are still fairly common in investment world.
About why we call the "Sitting Duck", it is because the newbie is still classified as an investor Beginners can become easy targets as well as various types of fraud
market volatility. The forex market is not suitable for the "sitting duck".
They are a class of people who see the world of investing solely about profit without knowing they're there in the area dangerous and there are 'predators who lurk'. Danger in the form of risk market and the fact that the world of investing course. Just the same as any other business that is in it there is a good person
and evil people who are looking for prospective prey.
2. Walking Lamb
The second class is called "Walking Lamb. You already can be estimated Start walking and no longer sits like a duck (the target tender). Sheep can recognize a wolf and be away from him toward safer place. But however remains a sheep sheep. A sheep that runs remain a sheep. Do not have a enough ability to avoid enemy let alone repay. Learn things that are more advanced about forex here. You've started entering the forex from a practical side and no longer mention the concept the only real basis of well known and not needed anymore when you begin actively trading.
3. Running Pig
Yup, pig run. Somewhat vulgar but most forex traders are stuck here. A pigs can run fast but difficult to turn and no agile at all in his run. Fast indeed, but do not have enough the ability to see what was happening in front of them. Likewise
Most traders behave like this. They assume the know this and that theory and the theory was proven a few times in the past, they felt they had discovered the true key of the trading the truth and then entered in real trading with blind. Market forex trader is full of graves like this.
4. Fox Hunting
Well here it is the last class of our forex journey, Not in a hurry but that does not mean timid. Brave but not remiss. Know when to come in and attack, when to exit and when to shut up and continue to lurk patiently. No idealist but realistic. Quickly changed following the market movements cleverly and make the market as their quarry. May be a dangerous game but they have been preparing all possibilities that could happen so they deserve to be called fox hunting. Not much can reach this stage, to those who speculate and gain profit from the market consistently.
