Sayamoza Move Forex Market

Why do we trade? To be sure, trading allows us independence, the opportunity to work for ourselves. Trading also offers the prospects of a lifestyle in which evenings and weekends need not be consumed by work. Some of us crave the competitive aspect of trading, doing fresh battle each day. Others approach trading as a puzzle to be solved, deriving a sense of intellectual achievement. Finally, there is income. A successful trader can make seven figures in a year—and many of the traders I know are living proof of that.

So why do they trade? Once you have the money, all of trading lifestyle advantages could easily be yours. Needs for competition and intellectual stimulation could be met in so many other ways. Why do traders remain traders long after they've won the game?

Perhaps we can illuminate this question by asking it of practitioners in other fields. Why do artists continue their craft long after they receive recognition for their paintings, novels, or films? Why do elite Special Forces troops stay in units that test their mettle even after they've earned their coveted badges? A gifted athlete such as Michael Jordan earned plenty of money and honors and, in fact, did retire on a couple of occasions—only to return to his game. Why?

There is something deep here that speaks to the nature of productive work. People retire from jobs and even careers, but they never abandon their callings. For some, work means something more than earning a living or achieving a lifestyle. Work is their path in life. It is the way they have chosen—or perhaps that has chosen them—for self-expression and self-development.

Suppose the pastor of a large, successful church wrote a book, made significant money, and promptly retired from the clergy and all religious life. What would that say? Surely, we would think, this person's faith could not have been too heartfelt. But why should our productive work mean less to us than the clergy means to a devout pastor? Presumably, the religious life meets deep, important needs for the pastor. Is it really so different for the artist?  The athlete? The trader?

The great professions are those that serve as personal playing fields. They are the arenas we choose to express and develop ourselves. In mastering a discipline, we cultivate self-mastery. In writing a poem or placing a large trade, we capture—in a single act—our vision of how we see the world at that moment. The great occupations are great precisely because they are such meaningful playing fields. Long after we've earned fame and fortune, the calling remains to be more than we are, to return to the arena and do battle with our limitations. The profound urge to extend the human grasp is common to all the great callings. To run faster, to capture more beauty, to predict ever better: in no small measure, our work is our pursuit of the godlike, however fleeting.

Maybe it is our different images of the godlike that animate our career choices. If my deepest view of godhood is that of a meek and all-forgiving Christ, perhaps I will be drawn to an occupation of service. If my deepest view is more akin to the ancient Greeks, whose gods sent heroes on quests, then my calling may be on a battlefield or a playing field. Either way, in work we find something divine within ourselves. Whether as scientists, monks, or traders, we strive for those moments when we are just a little closer to perfection, a little nearer to immortality. That is why we trade.

Advice and Thoughts for Neophyte,

Intermediate, and Advanced.

What you need to know before you even think about trading the forex?

Only a few years ago, most people had never even heard of trading the foreign currency exchange (also known as the forex). Even now, many have never heard of it. But so much information is available on the internet that if you’ve heard or seen the term, all you have to do is simply type it in a search engine and a mass of information is available for free — though that information can be bad or good, misleading or correct. In writing this blog, my goal is to provide accurate and useful information about how to trade the forex.

During the early stages of the forex, traders who wanted to participate were required to post quite a bit of money with a brokerage, bank, or trading firm. Today, however, if you want to trade the forex, you can trade mini accounts, also known as dollar accounts.

Moreover, you can open these mini accounts with as little as $100 USD to have a taste of what it’s like to trade live — which allows you to test the emotional side of trading as well before you make a decision to pursue an exciting day trading career. These dollar accounts (currencies will be referred to as USD from this point forward) allow you to earn or lose approximately $1 USD per point (called a pip) per contract (called a lot). If you’re successful and you develop some confidence in your trading ability, you may even open a standard account with brokers and participate with the big guys, such as banks and other institutional groups, at an average of $10 USD per point per contract.

You can trade for a living.

Really. You can.

The question people ask me most often is, not surprisingly, “Can I be successful at this?” Mostly, they ask me the question after a devastating loss. It’s a natural time to ask the question, but it’s a horrible time to answer it yourself.

Why? Because you can be successful, and every time you start to feel depressed about losing, you stop believing in yourself. If you stop believing in yourself, you stop working as hard, and if you stop working as hard, you start to make more mistakes, and a vicious cycle begins. Losses bring depression which brings more losses, and then before you know it you’ve lost your entire first account.

You don’t have to trade that way. There is a better way to trade.

I trade currency for a living, and so can you. Maybe it will take you more than a year to become successful. Maybe more. But you can do it. You don’t have to be better than most people at math. You don’t have to score high on an IQ test. You don’t have to be the smartest person you know.

You just have to be disciplined.

The Hard Way

I learned how to trade the hard way. By losing. Over and over. Think of a stupid mistake that traders make: I made that one. Think of another one: I made that one too. Only by keeping excellent records, staying determined, and learning from my mistakes was I able to being to trade profitably on a consistent basis. But along the way I learned that if you would rather flush your profits down the toilet, you should do the following things:

1. Trade as much as possible. Trade all the time.
2. Never close a losing trade.
3. Always close a winning trade as quickly as possible.
4. Never test a trading system. Trade it live ASAP - (As Soon As Possible).
5. Fund your first live account with all of your savings.
6. Fear: losing, winning, trying, failing, and succeeding.
7. Ignore the trend.
8. Don’t ask someone better than you for help.

Anyway, you get the idea. I did all of this stuff, and much more. Boy, I was really stupid. But that is all over now. Once I turned the corner to profitability, I never looked back.

The Basics

Before we get into specifics, I want to make sure you have a basic knowledge of currency trading. You might want to skip introduction section if you know what a pip is, how margin works, and that kind of stuff.

I hope this information has helped you to become familiar with foreign currency trading and the forex markets. If you want to partake in this kind of trading, try to set aside some money and open up an account with an online broker. Start slowly, then as you get the hang of it, work your way up to larger trades and higher volume. However, do not gamble your nest egg on currency trading because inexperienced traders can lose everything they have rather quickly in spite of the relative safety of the forex market.

Good luck and happy learning and trading in forex market,

There is a lot to discover about the foreign exchange market and you will need to understand how it works if you plan to take practical steps towards becoming a successful forex trader.

You will come across several different terms for the forex market. Forex and FX are both short ways of saying 'Foreign Exchange'. It may also be called the currency market, the foreign currency market, the currency trading market, etc. All of these terms refer to the same international market on which the currencies of the world are exchanged and traded.

The forex market is not situated in one particular place. Practically every country is involved so there is a possibility of trading currencies in most countries. Because of this, the market runs 24 hours a day, five days a week. The week starts on Monday morning in Sydney, Australia (that is, 5 pm Sunday EST in the USA) and ends at 4 pm EST on Friday in New York. During that time it is always possible to trade currencies somewhere in the world.

The forex market is a surprisingly recent phenomenon. Up until the 1970's, currencies had been stable relative to one another since the second world war. What was called the 'gold standard' gave every currency a value in relation to the US dollar. This system was introduced in order to maintain a stable world economy.

However, in the early 70's the USA abandoned the gold standard and the values of the different currencies began to change. Banks immediately began to exchange currencies for profit, buying low and selling high, instead of only making exchanges when they needed to transfer money from one country to another. In effect, each currency became a tradable commodity. This was the beginning of forex trading.

The value of a currency is, in a sense, the value of the nation whose currency it is, so just like companies on the stock exchange, if a nation is successful the value of its currency increases and if it is going though a crisis the value drops. These fluctuations can be great and can happen very fast. The sums involved can be huge too. The total value of transactions on the forex market now averages almost $2 trillion dollars a day.

The market is still dominated by international and investment banks, major corporations and other large financial institutions. However, it is possible to trade as a private individual through a broker and with the rise of the internet this has become much more popular. There are now a large number of people involved in forex trading through their home computers, although because they trade much smaller amounts than the institutions, they only account for around 2% of the total forex market.

The most common exchanges involve the US dollar against other currencies (especially the euro, British pound, Japanese yen, Swiss franc and Australian dollar) but it is possible to trade any one currency against another. Many of the automated forex robots used by individual traders concentrate on lesser pairs such as the pound against the euro.

The foreign exchange market is huge and an individual trader can feel like a tiny ant dodging around the feet of elephants. But anyone can get into it if they have a little capital that they are willing to risk. Some brokers will let you start with as little as $250. Before investing any real money, however, it is best to practice with a forex demo account while you learn the foreign exchange basics.

“I re-define the meaning of Self Absorbed.”

Name: sayamoza

Race: Homo Sapient

Age: Depends on the year

Location: Northern Shorelines

Religious Background: Islam

Current Religion: Love Peace

Marital Status: Very
to the John Smith (see pic's)

Occupations: Artist, Writer, Web Designer/Developer, Joker, Maid, Chef, Dancer, Flirt, Naturalist, Philosopher, Animal Psychologist, Spoiled Child, Trader.

Favorite Foods: Indonesian, Arabic, Indian, Italian, Japanese and anything with garlic or chocolate (but not together).

Favorite Comedian: Robin Williams (he's a friggen genius)

Favorite Authors: Richard Bach, Mark Twain, Neale Donald Walsch, Sanaya Roman

Favorite Sitcoms: Friends & Mad About You (does this mean I'm shallow?)

Favorite Places: Grand Cayman, Belize, Tortilla, St. Croix, St. Thomas, Turks & Cacaos, Hawaii (any bit of land surround by swimming-blue turquoise water)

Favorite Memories: Snorkeling with wild dolphins off Buck Island and JoJo the local wild dolphin in the Turks & Cacaos, swimming with manatees in Florida, diving with stingrays in Grand Cayman, riding horses in the ocean, laughing till it hurt, dancing till I was wet, being loved

Favorite Fantasy: Doing arrest a citizen's on someone that driving slow in the right-hand, passing lane.

Favorite Position: (see illustration)

Favorite Hobby: Making lists of my favorite things.

Biggest Fear: That I won’t make a difference.

Biggest Loves: Making a difference, baby animals, dancing, a good debate, reading, laughing, anything by/in the ocean, scuba diving, walks, writing, accomplishing, changing, painting, loving and being loved.

“Someone sent me a
  picture postcard of the earth.
  On the back it said,
 “Wish you were here.”
- Steven Wright

Biggest Dream: Everyone is happy.

Heroes: Albert Einstein, Oprah Winfrey (anyone with guts enough to stand up for what they believe, regardless of the ridicule).

A Bit of History:
I was born in Jakarta, and Jakarta wasn’t conservative enough, I was raised by strict Padang-Islam parents. They instilled in me a strong work ethic and a sense of responsibility. All of which is rather unusual for an artsy-fartsy type.

I attended Java University in Central Java and received my Bachelor of Fine Arts in 1989 and set off for a career in sales. Sales? Yes, sales. I wanted to make the big money. I had that “good with people” quality so I figured why not profit from it. I did pretty well in it but there was one small problem. I hated it.

I quit sales and found a job in an art department at a TV station as a graphic designer. I was in heaven. Advertising, commercial art, on-air graphics, I was finally doing what I loved. I distinctly remember thinking to myself after a week on the job, “I can't believe they're actually paying me to do this!”

Once again, I quit as a graphic designer at a TV station. Then I worked in one of the insurance office. I managed to work my way up to branch manager in 3 years. After that I held various positions for different companies.

In the evenings, I did forex trading work at home. And now, I am a fulltime foreign currency exchange in Indonesia. All in all, I've been working in the forex market for over 5 years.

in my spare time I like to learn about things that are totally unrelated to my forex trading. I know a little bit about everything, but I'm an expert at nothing. I'm 5'10" and I have dreamy black eyes. I love long walks on the beach..... Ok, I better stop before this turns into a personal ad.

I met and married a brilliant man who somehow manages to be responsible, sweet, and generous while at the same time being arrogant, infuriating, and a rebel. We've been married now for over 15 years.

Anyway, so I was born, raised, worked, and married. No kids, two cats. What else is there?

“My life has a superb cast,
but I can't figure out the plot.”
- Ashleigh Brilliant

Personality Type:
I've talked with several people who said they appreciated knowing my personality type which is ENFP (borderline INFP). ENFP stands for Extroverted, Intuitive, Feeling, Perceptive. If you'd like to read more about personality types or take the test yourself, go to the Keirsey Temperament Sorter (based on Myers-Briggs test)

Thank you for stopping by and get to know me better