A Word to the Facebook Junky that Ignores Online Forex Trading - forex news trader expert advisor

A Word to the Facebook Junky that Ignores Online Forex Trading ~ forex news trader expert advisor

Let’s face it. We all love tweeting and facebooking. Whether in offices or lecture rooms, we update our facebook status more often than we do our personal diaries. We tell the world of opportunities coming our way even before ascertaining them and the rosy side of our love life. The sad fact is that the world does not care an inch about all that stuff that we keep putting online at the interval of every hour.

But how much do you use when you are logged into that facebook account or tweeting? Statistic has shown that last year alone the East African youths spent a whooping Kshs. 20 billion on facebook and tweeter. You wonder why telecom companies are swiftly upgrading their internet services. They’ve come to the realization that the East African Youths, particularly Kenyans, are facebook junkies.

It is said that better to be a facebook junky than a drug junky. I believe that both forms of addiction are negative and unnecessary. They are a waste of resources and valuable time. The average youth is concerned more about his online image than the actual image of his real life. Where are you headed with that virtual world? Ask yourself, how much of the 20 billion shillings did you contribute and what benefit did you derive from it. With a little stock taking you’ll discover that at the end of every month you are just as wasteful as a drug junky.

I am not decampaigning any social site; my agitation is aimed at showing you a holistic treatment to your online presence that could contribute positively to your livelihood. A lot of youths are busy pouring venom on their own governments for failure to end youth unemployment through facebook posts. Some are busy seeking for nothing but sympathy by telling the world of how they’ve done their best to  graduate from colleges and schools only to add up to the growing statistic of the unemployed. Well, we said earlier that no body cares about that stuff and at the end of the day you are just on your own.

My agony with these youths that complain about unemployment is that they have not realized just how much they could cash in on the many opportunities that come along with their presence online. Most of these youths have even got laptops which makes it all the more easier for them to make money online.

Next time before you update a facebook status complaining about unemployment, ask yourself whether you’ve tried enough in your quest for self sustenance. Government will not call you for a job. It doesn’t even call PHD holders and you wont be an exception. Log out of that facebook page and seek for one of the innumerable opportunities waiting for you online. After that you can only complain about double taxation when money begins flowing your way. Then, we will empathize with you for your hard earned sweat that government still subjects to double taxation regime.

Below is a small piece about online forex trading, one of the avenues through which you could make money online.

Online forex trading is the best place for Kenyans and other East African youths seeking to make money online. The better part of online forex trading is that you are accountable to no one. If you’ve had a long held dream of being self employed then online forex trading is the best deal for you and every other Kenyan youth. The working schedule for the online forex trader is not fixed and that implies that any Kenyan can use his spare time to make money in the online forex market.

 No qualification is required for any Kenyan who wishes to make money trading forex online. Unlike other opportunities that require a certain level of education, online forex trading can be done by any Kenyan with basic education and the ability to read and write. Making money by trading forex online is a technique that can be understood by any body that reads the materials all over the internet in relation to online forex trading.

Kenyans wishing to make money in the online forex market can begin trading as soon as they have mastered a particular trading strategy and have understood the best currency pairs to trade and the best times to trade. In addition to this, for any Kenyan to make money trading forex online, they must understand what leverageis, the advantages of using limit orderssuch as stop loss orders and take profit orders, and the attributes of a good forex broker.

Making money trading forex online is open to all Kenyans and East Africans who are over 18 years. There is need for the aspiring forex trader to have a bank account through which he or she will transact with the forex broker.

The Kenyan wishing to make money online by trading forex must also have a certain degree of computer literacy. This is because most forex brokers use computer software to support their trading stations. The need for a personal computer is necessary but not essential because online forex trading can be conducted through the cyber cafes. For convenience however, and in order to access the services of brokers that send the forex trading software to your desktop, it is advisable that every  Kenyan who is serious about making money while trading forex online should have a personal computer.

The amount that one begins trading with is not fixed. Some brokers permit opening of a micro account with $ 50 while others require $ 200. Aspiring online forex traders should however try and begin with between Kshs. 10 000 and Kshs. 20 000. This is to make sure that in case of a losing trade, the forex trader has another chance to make money on another day.

Online forex trading is not hard and any Kenyan with a passion to hard work and reading will be good at it in a month- at least as far as knowing how to trade a particular strategy is concerned. Demo trading is part and parcel of learning how to trade in the online forex market. The aspiring Kenyan forex trader can also use the simulators to quickly master their forex trading strategy. The good news is that opening a Demo account or trading using a simulator is absolutely free.

Forex trading is fun and can solely sustain your livelihood if you’ve got the skill and discipline of trading. Skill can be acquired within a month, but discipline is a combination of many factors and is what destroys most of the new traders in the forex market.

Before you begin online forex trading, you should understand the following:

·         Risk Reward Ratio in online forex trading

·         Lot Size and Position Size in online forex trading

·         Margin and Leverage in online forex trading

·         Money Management in online forex trading

·         Limit Orders in online forex trading

·         A forex trading strategy

If you’ve mastered the above aspects of the online forex market, then you are ready to make money as a successful forex trader.
You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars. 
Call us today on 0725 050 419 for the best forex trading orientation.

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Why Kenya’s Makmende would be a bad Forex Trader - forex and dailyfx trading news

Why Kenya’s Makmende would be a bad Forex Trader ~ forex and dailyfx trading news

Kenya’s fictional hero, Makmende, can bring a moving train to a stop. Nothing stops him, he stops everything. Makmende is void of hesitation because he does not know fear. He has more lives than a cat. He is full of admirable strength. Makmende is Kenya’s hero in times of adversity. He can find the terrorist bomber and stop a flood.

But can Makmende fare well in the online forex market? His strength and character may tempt us to answer in the affirmative. But with a deeper understanding as to how the online forex market operates, any keen forex trader would answer in the negative. I highly doubt, whether, despite his innumerable strength and courage, Makmende would get a job as a hedge fund manager even if he had the best book qualification.

The online forex market has no regard to the strong or the week. The forex market has no sympathy to the week and it pays no respect to the strong. In the forex market everyone has the potential of being both a victor and a victim. Pro forex traders are not necessarily men and women of giant physique who take no nonsense. Neither is the struggling forex trader an emaciated little being living by the mercy of others.

The reason why Makmende would be a bad online forex trader is less to do with his physique and much to do with his character. Character plays a greater role in determining the level of our success in the online forex market. Character is never taught, it is the result of acquired habit depending on the nature of the environment. Makmende leaves in a Kenyan environment in which you often meet more than your own share of troubles and in which only the strong survive.

Unfortunately, in the online forex market, strength that is devoid of wisdom can destroy a forex trader. You must have the strength to execute a trade knowing at the back of your mind that it may be a loser or winner in the end. But you must also have the ability to choose only the best forex trading set ups. The size of your brain or body will be of no value if you fool yourself into believing that the online forex market will have regard to your physique. Your stop loss will be hit over and over until you get the discipline of successful forex trading.

Below are some reasons as to why Kenya’s Makmende would be a bad online forex trader.

Adrenalin Junky

An adrenalin junky does not know fear. He has little regard to the traps placed before him. Yet the forex market is a constant beehive of traps that stings whoever has no sixth sense or third eye on how to trade the forex market. Your adrenalin will serve you best at the battlefield but there is no need for it in the forex market. You cannot execute trades simply because you feel courageous enough to do so. There must be justifiable and sufficient reasons behind every forex trade you take.

Your adrenalin may drive you into overleveraging, but it cannot prevent you from the reactionary effects of an overleveraged forex trade. The adrenalin may push you into overtrading, but it may not insulate you from the grave dangers of overtrading in the forex market. Preserve your adrenalin for over things like approaching women. Online forex trading requires only pure wisdom behind every trade you execute.

Brains not Brawls

The single most prized possession in online forex trading is your brain. Use your brain to hunt for the good forex trading setups; use your brain to determine the best risk reward and the best leverage. Whoever masters how to use his brain first, has accomplished half of everything that there is to know in the forex market.

The brawls are left for the adrenalin junky like Makmende. Approaching the forex market with your brawls alone is an attempt at bulldozing the forex market which is simply impossible. The online forex market has no feelings- you won’t get a chance of throwing punches at it. Forex trading won’t stop simply because you approached the market with your brawls, leveraged your whole account, and lost all your forex capital in the process. The forex market cares less about how much of life’s adversaries you’ve overcome. It won’t care that your entire life savings is at risk. Use your brain then and avoid an early and sad exit from the forex market.

Sadly enough, for Makmende, he is an adrenalin junky who relies more on his brawls and little on his brains. He lacks the most important prerequisite to successful forex trading. the reason is because adrenalin junks are dispossessed of patience and as a result they mostly trade the lower timeframes in the forex market. They have the brawls to take the trade setups in the lower timeframes that are nothing but a trap from which to come out, they must lose part or all of their forex trading capital.

Are you possessing any of Makmende’s disastrous characters? If your answer is in the affirmative, then avoid the forex market as you would a scourge. Otherwise, you might end up a worse than you were on your first day of trading forex. Losses in the forex market are inevitable. And the market has little regard to your temperament, strength or physique. Whoever thinks that the three aspects are essential is simply deluded and the clock is ticking for the end of his days as a forex trader. Know yourself and trade forex successfully.

You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars.
Call us today on 0725 050 419 for the best forex trading orientation.

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