Introduction

This blog, despite the way the name may sound, is about forex trading. Forex is short for Foreign Exchange, and relates to trading different currencies. Basically you buy one country's money against selling the money from another country. If the currency you buy gets more valuable in relation to the currency you sell, then you make money. If not, you lose money.

Forex trading is an investment, but one that doesn't have to take a lot of time and one that doesn't require a lot of money to start. The more you have to seed your account, the faster you could conceivably use the money you make from it to replace your current income of course. The flip side to that is, the more money you risk, the more you stand to lose if things don't go your way, and they won't all the time. Like any investment, there are risks. Managing your money is a skill as or more important than your actual trading most of the time.

So, you may be asking, "What's up with the title? What does that have to do with Forex trading?" Even if you're not I'm going to tell you. Feel free to skip ahead if you don't want to know. The scroll bar should be to your right.

My family has always enjoyed going to the horse races. No, we didn't consider it an investment strategy, it was just a fun day out. Like any group, of course, everyone had a different method to try to win, or at least break even. My grandmother was a very conservative better, and I'm told that my grandfather often used to complain that she would always pick the favorite and then bet it to show, which means she would win something if the horse chosen most likely to win the race came in first, second or third. She wouldn't win very much, but she'd get something back.

That is the essence of my forex trading, pick the winners, trade conservatively, and make sure you have enough money left in case things go wrong. I don't use huge margins, in fact my current goal is to bring my margin down as far as possible. I don't risk everything on one trade. I don't try to get in at just the point where things are starting to move, or wait until they are just about turn. I put my money on what look to be sure things, and then assume they will turn against me as soon as the opportunity presents itself.

So, that's the title, that's how it relates to Forex trading, and that's pretty much my time for this post. I future I will be putting up my methods, tracking my successes and failures and hopefulll providing some helpful tips from personal experience.

For now, I encourage you to check out some other learning resources on the net, specifically:

Babypips

Forex Indicators Guide