Finding My Niche

In my sessions with Wealthy Affiliates, the Week 2, class has a section on finding your direction. Here I have been struggling. I guess that is common difficulty. When I first joined with them, I set my Niche to be Stocks/Online trading. Over time I have sort of drifted away from that but now am coming back.

As of today, I plan to start concentrating more on the forex market. I started my education in currency trading in 2004 and have dabbled in it ever since. (I must confess, not very successfully.) I have currency platforms for manual trading and autotrading from GlobalTec Solutions and over the years have used both. Most of my currencies trade now are done via the autotrader called CommandTRADE FX. I like this autotrader but there is a lot to know before you consistly make money with it.

Yesterday I purchased another autotrader called Forex MEGADROID. They claim a trade accuracy of 95.82%. This product uses a trading platform called MetaTrader and then they embed a module into it to support the autotrading. The installation was fairly straight forward for both the MetaTrader (trading station) and MegaDroid modules. One key piece of information, when you purchase the product is that they use ClickBank to process the order and use ClickBank's order receipt number as the authenication code for the MegaDroid module. I must of entered an incorrect email address as I have never received my receipt from ClickBank and don't have the ClickBank receipt. (My mistake) I will report more on this product later after I have my receipt number. Most of the internet reviews are positive.

On actual trading, I mostly trade the following: GBP/JYP, EUR/JPY, USD/JPY, AUD/USD, and EUR/USD. For some reason I seem to like the Japanese (yen) pairs.

If you are interested in trading currencies there are a lot of articles on the internet that explain currency trading. How much you need, etc.

Last night was a very good night for trading. Currency selloff was consistent all night and out of 21 trades, I took 1 loss which I manually took. Boy do I like it when this happens. This doesn't happen that often. My trading started at 8:30 pm and I closed out of everything at 7:57 am with over 500 pips. (A pip is the smallest price increment in forex trading. It actually stands for "percentage in point".)

No, I haven't forgotten about ChuckyTrader.com. If you haven't checked it out lately, do so...

Back to my studies. I am now learning more about article writing and Squidoo, and Hubpages, GoArticles.com and USFreeAds.com.

Later...