Azril Wrote.. "copy from his note".

Forex and Me

I started learning Forex after I ended up penniless from HYIP (High Yield Investment Program) back then in 2004. I remembered back then, I have joined several HYIP programs together with a very close and good friend of mine. We were convinced to join the program as we were referred by a senior from our school who claimed profited from the investment. To cut things short, the program operator claimed that his account was freeze. We have already made 400% return from our investment during that time, but none could be cash-out.

The idea to learn Forex later came to our mind because of all these HYIP programs claimed that they have profited from Forex trading. It was in 2005. Since then, we kept ourselves busy looking for Forex education and gurus - from several forums, blogs and articles which related towards it. Eventually, my friend found a mentor, who we called ‘Godfather’. We started out with Marketiva platform and trade our virtual account. I did not learn much as I did not have PC and internet connection. I only relied on reading materials. I read a lot of Forex books for the rest of the year, but still couldn’t practise it anyhow.

In mid-2005 to 2006, I was busy with some physical businesses. I ran a kiosk in Subang Uptown selling accessories. The businesses were bad. Inappropriately, I turned into larger business in mid-2006, a franchise food kiosk named 1901 in 1 Utama. As the kiosk was operated by my staffs in 2007, I began to continue studying Forex at home from several new books I printed out. Luckily, I got myself a notebook from my mom. It was her old Acer notebook, but yet still functioning till today. I began trading my virtual account and at the same time selling electronics on Lelong.com.my. My trading system was really bad at that time; I almost could not implement any of the system I learned from my studies. I even joined a Forex discussion at UTM, Johor and met a number of seasoned traders. Then, I started to meet several so-called Forex Gurus whom I know from forums.

By the end of 2007, I met Yaqen. He wanted to purchase a mobile phone from me at that time. But we ended chatting about ourselves instead of the purchase he intended at first. Unlike other gurus I knew, he did not claim as one. He claimed himself a street trader. We have similar idea – making money is an art. He found Forex suits him well, while I was still struggling to find one. We started exchanging ideas and thoughts. We became great friends ever since. In early 2008, I invited Yaqen to stay with me as he got problem with his internet connection at home. As a returned favour, he thought me everything about Forex (but I could not absorb them all) and we traded Forex side-by-side. I remembered that I have doubled my virtual account within 2 months. We stayed together for nearly 2 months. After he left, I invested USD 500 into my account. Just within 1 month, all the money has gone. Again, I failed.

But I kept in touch with Yaqen. Both of us were busy during that time; I started to spend more time at the kiosk and went to class at night, while Yaqen started 9 to 5 job, and trade clients’ accounts at night. We used to chat about our problems. He always wanted to quit his job, while I always looked for new opportunity. I closed my kiosk in 2008 and became a freelance writer, writing about property, technology and electronics.

Just recently this year, I decided to start this investment group. Yaqen agreed to join as his big funder just withdraw all his investment and gave Yaqen nearly RM 10,000 from the profit which he had spend ‘wisely’ on his 1-week trip to London. =)

For all these years, Forex really fascinate me. I really want to conquer it, but I don’t think it is one of my traits.

avoid from nightmare.

This quater make me remember about last year. I dont want to speculate anything about this end of year but what we can see in higher timeframe (weekly) the trend doesnt stick at their own way.


In technical analysis most of us still expect this is only retracement in wave 4 but how good the accuration according to our technical analysis. Is it a new engagement will come. So what is your mind set now ? bullish or bearish ?.

trader in bullish site always waiting a good oppurtinity for Buy / Long.
trader in bearish site always waiting a good time for Selling / short.

So what site you are ?

Important to us determine the current trend. Are sure there is no trend in Correction mode ? then what happen to smaller timeframe. the trend is there.. only what mind set u programe in your mind.

Here i wanna share some Technical analysis from my opinion about GBPUSD.


the formula is buying > selling. ( buying is greater then selling.) for this moment. so you should know what mind set for trading u should programme in ur mind.