Step #1: Develop a Trading Strategy.

Every guru in the market will tell you “wow how much you can make if you follow my systems blah…” Well let me tell you, you should learn “How to lose money first”. “Huh? You must be nuts! I trade to win money not to lose it?” The reason is simple: you need to know where is your bottom line. It mean how much can you afford to lose in a single trade? By determining how much risk can you afford, you can determine the risks versus the rewards. Then stick with the plan.

Step #2: Continuous Learning

Continuous learning is a key factor to trading forex successfully. In today highly wired world, we can access almost anything via the internet. There are a lot of free publications and tools on the internet for you educate yourself. The more you know, the better of your chances being successful in forex trading.

Step #3: What to learn

Forex trading is an art and it is also a science. You need to know not only the fundamental and technical skills, but also the psychological part of it. Most of the traders use technical skill for forex trading. But if you combine all skills and trade, your probability of success is greater than those using only one type of skill.

Step #4: Trade to Win

You need to treat Forex trading like your own business. You are only allow only very little or the best no margin for error when you consider the risk factors involved. Taking any kinds of short cuts will prove to be a critical mistake on your behalf, so avoid the temptation to do things easier.

If you are truly serious about making money from Forex this is what you must do now

i have found a great site talking about how to make money forex trading even if you have zero experience

click on the link to find out more.

happy trading!

Bill Gates is no longer be the world richest man, warren Buffett has overtaken him!

Riding the surging price of Berkshire Hathaway stock, America’s most beloved investor has seen his fortune swell to an estimated $62 billion, up $10 billion from a year ago. That massive pile of scratch puts him ahead of Microsoft  co-founder Bill Gates, who was the richest man in the world for 13 straight years.

it’s good for Bills to own the honor for such long time

Gates is now worth $58 billion and is ranked third in the world. He is up $2 billion from a year ago, but would have been perhaps as rich–or richer–than Buffett had Microsoft not made an unsolicited bid for Yahoo! at the beginning of February.

So now we see wheter the CEO of google can beat warren buffet or not..

more information please go to forbes.com

A millionaire decides to throw a massive party for his fiftieth birthday

and something happen ..

clipped from www.jokes-o-matic.com During the party he grabs the mic and he announces to his guests that down in the garden of his mansion he has a swimming pool with two great white sharks in it. �The man who dares to swim across that pool gets any of my riches he desires.� The party continues with no one in the pool, until suddenly, there is a great splash and all the guests of the party run to the pool to see what has happened. In the pool is a man swimming as hard as he can. The fins come out of the water and the jaws are snapping and yet this guy just keeps on going. The sharks are gaining on him but somehow this guy reaches the end and he gets out of the pool, wet and soaked. The millionaire grabs the mic and says, �I am a man of his word. Anything of mine I will give. My Ferrari’s, my house, absolutely anything. For you are the bravest man I have ever seen. So sir, what will it be?� The guy grabs the mic and says, �Why don’t we start with the name of the idiot that pushed me in!�

]]> http://millionairechat.wordpress.com/2008/03/05/millioanire-party-guest/feed/ 1 sengko blog it http://millionairechat.wordpress.com/2008/03/04/the-next-internet-millionaire-reality-tv-show-contest/ http://millionairechat.wordpress.com/2008/03/04/the-next-internet-millionaire-reality-tv-show-contest/#comments Tue, 04 Mar 2008 05:57:06 +0000 sengko http://millionairechat.wordpress.com/2008/03/04/the-next-internet-millionaire-reality-tv-show-contest/ ]]> Joel Comm who well know as adsense tycoon on the internet and made millions of dollars online.He launched this The Next Internet Millionaire Reality TV Show Contest last year to attract people to join him as join venture partner.

Would you be the next internet millionaire?enjoy the video:-

Ashley is the head of whateverlife.com, with eight dollars borrowed from her mother. Now,the website grosses more than $1 million a year.

She start her web business with  creating and giving away MySpace background. The designs are cheery, colorful and whimsical, with lots of hearts, Ashley’s favorites. The site has huge numbers of visitors and attracted advertisers. Ashley’s first check was for $2,700. The next was for $5,000, the third for $10,000.

The checks kept coming and the business kept growing-to the point where she could afford to buy a brand new four-bedroom house for her family.Has the price of Ashley’s business success been the loss of a part of her childhood? She doesn’t think so.

Keep in mind that she is only a 17 years old teenager.