So... What is this blog all about ???

Hi everyone! thanks for dropping by my blog here at PIPS PASSION. After having this blog on for awhile, i did infact got some very constructive advise from visitors... Well, i suppose i did not take into account the general public who arent so into trading to understand what is being written here. So here i would try to make an effort to explain.

In short FOREX (here after refered as FX) trading is the business of trading money. YES! Money! In the past FX is only traded by large instituition and banks as it required tremendous amount of capital to make a descent profit. But ever since the advent of the INTERNET and RETAIL FX. the FX landscape had since been changed. Now more and more individuals (like me and you) are hopping onto the RETAIL band wagon and trading FX at the comfort of their home/offices.

At present the FX trading arena is growing rapidly with daily turn over volume reported to be over USD 3.2 trllion! FX is a highly liquid and volatile market and trading it carries some amount of risks. but hey... isnt that we are always exposed to risks on a day to day basis ? e.g. like when driving a car isnt that extremely risky ? well, u might ask how come driving a car is extremely risky when you can confidently say that you had been driving for the past 5, 10 or 20 years ? So you see,you as an experienced driver might say this, but to an inexperience driver or a person who never drove before, their risk factor would be way much higher.

So, the same concept applies here in trading FX. With your own experience and also learning from the experience of others and also with a thirst for knowledge one can really minimise the risk in this business. My blog here serve as a tool for me to communicate with the public to expand my knowledge and experience in the trading arena to achieve elite performance in this industry. Trading is always my passion ever since i started to mingle with stocks about 5 years back. Hence the name for this blog "PIPS PASSION".

For you who is reading this blog and wanted to learn to trade FX, you might want to check out the following sites which i reckon would get you started in the right path. Trading is not easy but with enough passion and determination one will be able to make it big! again my believe "Elite traders are not born, they can be made."

happy trading to all !

reference :
www.babypips.com
www.forexfactory.com