trading

How to become a walking disaster

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Following on from my recent article 10 Steps to a happy life heres some top tips to ruin your life, its much easier to do and following these tips will guarantee success.

The good thing about ruining your life is it can begin much earlier than creating a happy One, you don't even need any Money.

Step 1

Don't get any education

Not gauranteed to work but it makes a good foundation for the other steps so do it properly, bunk off school, mess around in class and most importantly never ever revise for any exams.

Step 2

Be really dificult

Never show anyone any appreciation for anything. Never say thankyou or please for anything, if you follow this step properly your parents might even throw you out when your 16. Maybe you can even get put into a home before that if your really good - I mean bad.

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Trading News 20-04-07

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And now for something different, as you may have noticed I've touched on Trading and Investment in the past but unlike debt (on which I have vast experience) and entrepreneurial ventures (I am a real life delboy), the world of high finance and investment is not something I have much experience in. I've traded FOREX before and well the trading didn't go to badly, I think like many novice traders the bit I struggled with was not trading.

So I have found someone who is a bit of a market wizard to give some market insight and news, his name is Matt Shaw. Matt trades in a slightly unusual way it's called fixed odds trading and its a tax free way to invest your cash (here in the UK).

More details of Matt can be found on his website a link to which is at the bottom of this page.

It has been a tough and tantalising week!

At least I have the weather on my side ... well it is on all our sides I suppose...

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Trading terminology

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Investing in financial markets can be daunting because of the terminology used, it also makes the world of trading (which is in my oponion educated gambling) seem more glamorous.
Heres some of the more common trading terminology and what it means.
PIP - Used in the world of FOREX Trading, PIP stands for Price Increment Point and is the smallest unit of trading in FOREX.
FOREX - FOREX stands for FOReign EXchange, and is the trading of one currency pair against another.
SPREAD - The point or pip difference between the ask and bid price of a currency pair, spread is how forex brokers make they're money.
ASK -The ASK price is the price at which you can buy units or PIPS of whatever it is your trading for.
BID - The BID price how much you can sell for in your chosen market.
BULL - To buy stocks, shares or whatever. You would be a bull if you beleived what ever you were trading was going to increase in value.

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Free Forex eBooks

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At the bottom of the page are some free forex ebooks, some I found some I paid for.
Forex? What is it, anyway?

The market

The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forex™).

Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.

How does one profit in Forex?

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Fixed or Spread Trading which is better?

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Whats the difference between these 2 trading methods?

Trading the Spread is where you can make a possible endless profit or loss, which can be locked in with Stop Loss and limit orders - if you trade £10 per point, for each point up or down you make or lose money per point. Depending if you traded Long or Short. Spread betting is more volatile than Fixed Odds.

Spread betting could be said to have leverage to its power. But leverage can work against aswell as for you.

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