Posts Tagged ‘forex’

Kathy Lien is one woman who knows forex and currency trading so let’s learn a little bit about the oil euro oil dollar correlation from Kathy

By Rich Bitch • Sep 5th, 2008 • Category: My Forex Trading Diary

Let’s face it. We’re not real smart about money and economics. If we were we wouldn’t be here.  Ok, maybe I should speak for myself. I’m not real smart about money and economics. I can’t even tell you in my own words based on my own comprehension of the subject what economics is. I can [...]



Losing money forex trading will make your depression worse so if you’re already depressed you might want to think twice about trading forex

By Rich Bitch • Sep 4th, 2008 • Category: Forex Trading

Suffer with depression? Thinking about getting into forex trading? Does lack of money play a part in your depression? Are you thinking about getting into forex trading in the hope that you will make money and thereby get rid of the depression that’s related to your not having any money? Well, you might want to [...]



Trading forex Friday August 29th 2008

By Rich Bitch • Aug 29th, 2008 • Category: My Forex Trading Diary

This week I have spent more time trading in demo mode than in live mode because I have very little money in my live trading account. I find the more money you have in your account the less worried you are when entering into a trade. I suppose that’s not really a profound finding. It’s [...]



If Japan’s economy weakens what happens to Canada’s economy?

By Rich Bitch • Jul 22nd, 2008 • Category: My forex trading assignments

My forex trading assignment for today is to find out what happens to Canada’s ecomony if Japan’s ecomony weakens. Since I have no clue how to figure out this answer on my own, I am going to email the question to some  forex experts and economics experts. Once they answer the question for me I [...]



Is forex trading a legitimate way to make money?

By Rich Bitch • Jul 16th, 2008 • Category: Ask The Rich Bitch

Dear Rich Bitch, do you really think you can make money in forex trading? I read that 95% of online forex traders lose their money. Doesn’t that mean that forex trading isn’t a good choice for anyone trying to find ways to make money. If the odds are in favor of losing money instead of [...]



Lost even more money today

By Rich Bitch • Jul 15th, 2008 • Category: My Forex trading notebook

Well, I have wrapped up today’s forex trading practice session with another big loss and again for the same reason, taking a chance first of all, and then not cutting my losses soon enough because I figured it would have to turn around. If you’re just learning like me, here’s a tip, it doesn’t have [...]



Someone from Gft forex hung up the phone on me

By Rich Bitch • Jul 10th, 2008 • Category: My Forex Trading Diary

It was around 5 o’clock or 6 o’clock in the afternoon last Friday. I think it was last Friday. It might have been Monday. I tend to lose track of time; but anyway my cell phone rings. I answer it. It’s some guy saying I asked for information about currency trading. “Oh really?” I ask, [...]



Forex Systems

By Rich Bitch • Jul 10th, 2008 • Category: My Forex Trading Diary

What are forex systems? That’s what I’m on a mission to find out. Not so much what forex systems are. That’s pretty obvious. Forex systems are strategies and rules that traders use to trade with/by. But what are the specific forex systems out there that people are trading with? And should newcomers try to utilize [...]



My Money Today 07-10-08

By Rich Bitch • Jul 10th, 2008 • Category: Money & Finance

I have $2.50 on my desk right now. I’m afraid to check my bank account. It’s in the deficit. I don’t really want to find out by how much right now. Maybe later. The light bill is still due. Will need to pay about $300 to prevent it from being disconnected. The other bills [...]



FXCM forex broker scam check

By Rich Bitch • Jul 9th, 2008 • Category: Forex Trading

I am considering trading forex through Forex Capital Markets, a forex brokerage firm located in New York City. Their website can be found at www.fxcm.com. I have been practicing forex trading using their FXCM Trading Station II platform and I have been trying to come up with $5000 to open an account with them in [...]