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.
