New Computer + PTC-Forex account update.

It is now a done deal, my old computer is no more, emptied and sent to retirement. I am now running on a great Intel 3.0 dual core and I love it! :)

This is in part why it took so long for me to post new things in here. Now all my data has been transfered on my new computer and I am ready to roll again. I also halted the PTC-Forex account activity two weeks ago after 3 straight weeks of activity during the month of February. I will resume trading with this account in one short week.

Speaking of the PTC-Forex account I opened 5 weeks ago, it is time to see the actual state of the account:

Initial funds invested: $5.00
Account after 2 weeks: $7.07
Week 3 gain/loss: +$3.80 (+53.7%)
Account after week 3: $10.87 (+117.4%)

I took great risks during week 3 and it paid off. A +50% gain in an account during a single week is really an impressive figure. I took great risks ''money management wise''. I used as much as 75% of my account in a single trade at one time. A very risky move that will eventually crush my account if I keep doing it again.

After three straight weeks of trading, I have more than doubled my initial funding. This is the power of Forex trading speaking. Any experienced forex trader can really make unlimited gains with only a few dollars.

As I wrote before, I will continue my demonstration and resume trading on my forex platform 2009 PTC earnings in a short week of time. I will also invest even more funds in this account as many of my PTC sites are due for a routine payout check during the month of April.

I will also give more details on a whole system to make money on the web without investing a single penny out of your pockets. Start from scratch, with no strings attached. You manage your success all the way from ground up.

-''Give a fish to a man and you will feed him for a day. Teach a man how to fish and you will feed him for his entire life.''

I will create a very detailed post in here called ''Success system'' in a couple of weeks. It is a 100% free way to earn money online. Everything you will need to know and every link will be included in this post. Even if you are totally new to all of this, you will have the same basic tools to succeed online.

Have a great week everyone.

Good second week.

My PTC-Forex account has grown once again, for the second consecutive week in a row.

As my risk level was lowered, my gains were a little more limited. But I also was unable to trade for a period of 48 hours last week because of sickness. I felt horrible tuesday and wednesday to the point of not being unable to leave my bed.

But all in all it was still a great week for the GBP/JPY buyers like me. Last week, I was able to buy it at 136.00 and close the deal over 140.00. The pair is stagnated up there and could fall a bit before going more up. I will wait for it to go around the 138.00 level before buy it again.

Here are my last week stats:

Initial funds: $5.00
PTC-Forex account at start of the week: $6.33
Last week gain/loss: +$0.80 (+12.6%)
Total gain/loss after 2 weeks: +$2.13 (+42.6%)
PTC-Forex Account today: $7.13

Trading resumes tonight at 5 PM Eastern time.

These figures might not impress you right now but while my Paid To Click earnings continues to come in on a steady basis, my initial $5.00 I have deposited two weeks ago is growing at a respectable pace. Of course, I will eventually inject more funds in this account as more earnings will come in from those sites during the month of March.

I intend to demonstrate the power of Forex trading to you with this exercise. Matched with the possibility of funding a mini-Forex account thru simple clicks on PTC sites, this method truly becomes an UNLIMITED source of online income for any excellent Forex trader.

In a word, YOU can make hundreds of thousands of dollars without spending a single penny out of your pockets.

Have a good week everyone.

PTC-Forex account: +26.6%!

Yes, it was an incredible first week for my PTC-Forex account that I launched sunday evening.

From the $5.00 I have deposited of my past PTC earnings, I have made $1.33 of profit during the first week alone. I took some risk and it paid off, exactly as planned. Among those risks, I have bought the GBP/JPY below the 131.00 level and closed the deal well over 135.00.

Make money or go home, that was the plan. And it worked pretty good.

The PTC-Forex account today: $6.33 or if you prefer +26.6% from it's origin. I do not expect these kind of results every week and I will reduce the amount of risk also. But all in all it is a good start for this tiny account.

Let's see what the future holds, have a great week dear readers.

Additions to come.

As I prepare for 2009, I came up with a few resolutions for this blog.

First of all, my paying PTC list will be cleaned up, updated and refreshed. Then more paying sites will be added to the list during the early part of 2009. At least five new PTC sites are on trial right now and they will be added as soon as a first payment will be made. The list should grow, and double early next year, to at least 15 to 20 paying PTC sites before the year is over.

Then there will be more posts than the actual rate of 2007 and 2008. Different ways to earn cash online without investing a single penny will be discussed, tried and tested in 2009. And for those of you already aware of this world, you know that this site is (this far) only merely scratching the surface.

Online affiliate marketing is another lucrative way to earn cash online. No doubt. But for some affiliates, investments including ad costs are included in their strategy. For the present moment, it is the only reason why online affiliate marketing has not been a topic on this blog.

For the same reasons earlier last year, I have decided to pull the forex trading articles and posts away from Making Sense. A blog will be dedicated to forex trading and another one for online affiliate marketing to maintain a good and clear topic segmentation beween my blogs.

At the end, the sole purpose is to create a multitude of income streams for myself. And that is for free. My online newtork is still in a basic shape but I am steadily building it forward.

For example, if a single blog brings in $250.00 a year (and that is really a basic thing to achieve), a hundred of blogs (and a lot of spare time to add content to each of them...:) ) will potentially bring in $25 000.00 a year.

I wish to you all a prosperous year 2009.

Coming soon.

Today I have decided to tell what is up for next week.

First, I will create my very own Forex blog. I already found the blog title and I am also preparing my return to the forex market very soon. So I want to separate all about it from Making sense. The main topic in here is about 100% free ways to make money online from home and I intend to keep it like it is.

The new blog will completely be focused on the market analysis thru japanese cadlestick charting. The early stages of the blog will be more informative and will mostly talk about how to read japanese candlesticks and their patterns in the most simple manner possible. Then, after the educative portion of this blog life will be over, a more practical day-to-day analysis will be posted.

I do not have any expectations as of right now for this new blog coming soon. But there is personnal excitement to be able to discuss about this amazing and powerful analysis tool that are the japanese candlesticks.

Also this week I will upgrade my list of paying Paid To Click sites. A couple of payouts requests have been made last week, and for a couple of them, prooving themselves as paying programs.

Have a profitable week everyone.
Frank.

Withdrawal.

After 10 weeks of active daily trading on my FOREX platform, I have made some substantial gains. Very close to a 33% account increase in fact.

But those first two weeks of november showed me some signs of danger. I have used too much of my capital at the same time and risked a lot. Something I haven't done in the previous 8 weeks. I even at one point lost ALL OF MY PROFITS in a single evening early during the month. But I managed to make all of it back in a short period of time. Again, it is clear that I managed to make it back using too much of my available capital. This was becoming very dangerous and I knew that very soon I would lose big time.

So after making back nearly all of what I had gained, I decided to withdraw more than half of my account. First, it will give me some money to spend on bills. (a good thing) Then it will really reduce my losses in case I decide to use too much capital again.

So for those 10 full weeks, here are my stats:

Profitable trade %: 83.67%

Profit/loss (10 weeks) : +32.78%

Profit/loss year 2007 (including 3 crashes) : +20.17%

I will now clean the stat sheet because my account has been modified in it's total balance. I am beginning a new phase that will last until December 31st. Let's call it a HOLIDAY PHASE. The holidays are just around the corner and I will probably only trade 3 or 4 days a week. Beginning this week, a brand new stat sheet for this holiday phase will be held to end 2007.

My account now contains only $150 USD. I have no open positions at this very moment and will keep track of every trade I make and publish my results either late fridays or during saturdays. This phase will last more or less 6 weeks and I really have no objectives in terms of what my account should contain on december 31st... In fact, any profit will do just fine. :)

I will keep track of my yearly profit/loss % until the end of this year then reset all of my stats, including the yearly stats to zero for the beginning of 2008.

P.S. Do not invest money you cannot afford to lose on the FOREX markets. Every position is potentially dangerous.

Spectacular end of month.

The end of october was really a good period on my forex platform. I had good results overall even if my profitable trade % is lower than I would like. But the most important part is making profits eh?

Here are the stats for the entire month of october:

Profitable trade % monthly: 82.81% (289/349)

Profit/loss monthly: +26.34%

Profit/loss yearly: +15.42%

P.S. Do not invest money you cannot afford to lose in the forex market. Every position is potentially dangerous.

Keeping it rolling ahead.

Stability and consistency is key in the FOREX world. Last week was a profitable one once again, upgrading my record to 5 profitable weeks out of 6 since the re-launch of my FOREX account. But a small dip in the performances are detected. Nothing really alarming, just asking for more focus and attention by my part before opening a position. I have made a couple of bad trades, a thing I keep on doing once a week. Last week was wednesday, registering a -105 pip day. This explains in part why I stand under 90% profitable trade this month.

The road ahead looks good anyway, a little bit more rigor in my work will pay it's dividends. As soon as I will achieve this, I will set a new single week record. I can feel it coming soon.

Here are my stats as of today:

Profitable trade % this week: 89.06% (57/64) (+477 pips)
Profitable trade % this month: 89.10% (139/156) (+1103 pips)

Profit/loss this week: +5.58%
Profit/loss this month: +15.41%

Profit/loss Yearly (including 3 account crashes): +9.56%

P.S. Every position is potentially dangerous. Do not invest money you cannot afford to lose in the FOREX markets.

Record week.

A fifth week with my new and improoved FOREX account, a fourth profitable week out of five. This week has been particulary good on earnings. The work was solid but a few holes in the strategy kept me under the 90% profitable trade barrier.

Here are my stats for this first week of october:

Profitable trade % this week: 89.13% (+626 pips)

Profit/loss this week: +9.83%

Profit/loss yearly (including 3 account crashes) : +2.61%

As you can notice in my yearly stat, I have made back all the money I lost learning forex. This week marks a new step in my trading career. Every pip won is profit for me from now on. A very interesting phase...

One thing I am proud of: I have made pips and money on the USD/CAD pair when everybody said to long the pair. The USD/CAD is going down BUT not for technical reasons. Every technical trader has shouted long! a long time ago already. But still, it is now dropping under 0.9900 and to 0.9800 today. The technical analysis is not enough, its going down for fundamental reasons, nothing else. And there are many fundamental reasons backing up this downward push. The oil prices and the vigor of the canadian economy versus the United States since many months now.

So in a word, do not only base decisions on technical analysis. Many learned it the hard way this week once again...I am sure of that.

P.S. Every FOREX position is potentially dangerous. Do not invest money you cannot afford to lose in FOREX.

Chaotic week to end the month.

After a respectable 3 profitable weeks in a row, the last week of spetember has been a roller coaster ride for me on the FOREX markets.

First, a string of bad decisions has lead to the loss of all my monthly profits plus 20%. At this very point, many would've panicked. I rolled up my sleeves and started being profitable again. Then on friday some more profitable trades reduced the weekly loss to a total of -10%.

Here are my weekly stats and a monthly total.

Profitable trade % this week: 68.67% (57/83)
Profitable trade % month: 86.14% (230/267)

Profit/loss this week: -10.02%
Profit/loss this month: +9.17%

P.S. Each position is potentially dangerous. Do not invest money you cannot afford to lose on the FOREX market.

An inch from perfection.

Here we are, another week is over, this one ends up as a third profitable week in a row for me. The results are very good once again but I am not satisfied at all with my decision making.

The only non-profitable trade that I made this week has got me angry and I reacted immediatly without thinking and planning. The result: a very dangerous long position was opened on the GBP/JPY pair. A position so dangerous that on wednesday it was eating up close to 20% of my account at it's worse point. Hopefully for me, the GBP/JPY went back in the 233's today relieving me of all pressure.

This will be considered as a wake up call. The FOREX market is unforgiving and I should consider myself lucky to get out of this week unharmed. As you will be able to see below, even if you are close to perfection a single trade can potentially crash your entire account.

Here are my numbers for the week and the month:

Profitable trade % this week: 97.3% (36/37) (+984 pips)
Profitable trade % month: 94.02% (173/184)

Profit/loss this week: +8.4%
Profit/loss this month: +19.19%

P.S. Every FOREX position is potentially dangerous. Do not invest money you cannot afford to lose in the FOREX market.

Better decisions = better results.

So another week is over, a second profitable week in a row for me on my FOREX platform.

I improoved the quality of my trading and only had to close 2 non-profitable trades all week long. A short lapse of impatience reminded me of past mistakes I used to make all the time, so I focused on what I do well and there I was, back on the right track.

Here are my numbers for the week, also a small combined overview.

Profitable trade % this week: 94.56%
Profitable trade % month: 93.20% (137/147)

Profit/loss this week: +6.32%
Profit/loss month: +10.81%

So all in all this week have been satisfying, I managed to increase both my winning trade % and my profit % this week in comparison to my first week back.

Steady wins the race so I have no expectations other than being profitable for next week. It does not matter right now how much I make next week in terms of profit %. I will not try to absolutely increase my profit % compared to this week. To absolutely want to increase it no matter what would much likely mean greedy and risky trading.

I absolutely don't want that to happen.

P.S. Each FOREX position can be potentially dangerous. Do not invest money you cannot afford to lose in the FOREX market.

Feels good to be back.

This week was officially my comeback attempt on my FOREX platform. My results looks very good on paper as in fact the quality of my trading was more than ordinary.

Here are my numbers for this first week of september:

Profitable trade %: 91.6%
Profit/loss: +4.49% account

So all in all a profit was made, even thou a lot better decisions could've been made. The febrility of coming back and the impatience is a dangerous combination. I am looking forward for next week. We will see if I can improove my decision making and efficiency.

P.S. Do not invest money you cannot afford to lose when trading FOREX. Each trade is potentially dangerous.

Getting up.

Tomorrow will mark the beginning of my new attempt at profitbility on the FOREX market. My funds will be available in just a few hours.

Now, the size of my account versus what I trained on has no comparison. I will now have at least 600% more available funds to trade with than the maximum size my account ever contained during my 4 month initiation period.

I will restrain myself to a very tight money management plan, and will automatically install a stop-loss on each and every trade. A thing that I lacked and paid dearly with my poor pennies...:) The market can sometimes be very unpreditable and spectacular. The market is also never wrong.

For example, during my short 4 or 5 week inactivity period, I was a spectator to a GBP/JPY major movement. It traveled thousands of pips on the way down from it's high around 251.50 all the way down to the 217.xx area before going back up in the 232.xx at the end of last week. All that during a few weeks of time.

That was a 3500 points travel on the way down, followed by a 1300 trip back up. All that in just 5 weeks. Great opportunity for those who know where they are going, but also it means great danger and great losses for those who adventure themselves with bad money management.

I feel ready for the next step: profitability.

P.S. Do not invest money you cannot afford to lose in Forex trading. Every trade is potentially dangerous.

Crash.

Well there it is, the final real fall of my first FOREX account has been completed during the course of July.

I have made a number of crucial and (let's say it) dumb mistakes over the course of the last 2 months. Making mistakes is in fact totally normal for a new trader. The ones I made could've been avoided and thus, money not lost with a bit more experience and especially more focus by my part. This right here is some kind of my mea culpa... ;)

I learned a lot thru my first 4 months of active FOREX trading. A lot of useful and permanent knowledge of how this humongous system works. But I also learned over the course of my life that in order to succeed, you must fall a couple of times before achieving your goals...

And when I fall, I get up, remember why I fell in the first place and then I try some more. That is just me.

That is exactly what I am planning to do in august. I will fund my FOREX account once again, some time between now and the end of the month. Then I will get up from my fall and continue.

From now on, Money Management will be closely monitored. Every trade will be opened with an efficient stop-loss. A trailing stop-loss will be implemented on some my winning trades to give myself a chance at catching some more profitable trades that I often missed out. All those measures will increase my overall efficiency, reduce the size of each of my losing trades while increasing my gains.

This far after 4 months, all of this costed me around 40$ to learn what I now know. It is not a huge loss considering that some people can waste thousands of dollars while experimenting and learning to trade FOREX.

P.S. Every FOREX trade is dangerous. Do not invest money you cannot afford to lose in FOREX.

Learning curve.

During june, my first serious losses happened with FOREX. (in fact, I crashed twice making the same mistake twice) My knowledge of the market increased a lot during the month. I now understand how japanese candlestick works and how can some price pattern can appear in different time frames. I now am using all time frames available to trade; something I wasn't doing during my first two months. The small loss I suffered, (not even 20$ in total) showed me a lot about the mistakes I was constantly making.

After I crashed myself for good the second time, I took all my PTC earnings I had left and decided to inject them in my FOREX account. Ironically my total account looked like I never crashed once my deposit has funded my account. So it was a perfect opportunity to start fresh, with a better overall strategy. It already pays off as my % of profitable trades has increased.

Since the start of this month of july, I had changed my schedule, began a new job, and I have gained about 1% of my total account. BUT I learned that every drop in the ocean is important... During this month, I will apply what I learned in my first 3 months of trading and expect being a winner once july is done.

P.S. Every forex trade is dangerous. Do not invest money you can't afford to lose in forex. Forex is not a get rich quick scheme.

Fibonacci course completed.

Last night I stayed up as I finally got a hold of what the Fibonacci reports are. And as I installed it on my GBP/JPY chart, I went in the zone. Any FOREX trader knows that GBP/JPY can be extremely tricky and burn you to hell in a snap of the finger.

But I was in the zone and the Fibo report I had calculated was perfectly accurate. So as everyone was awaiting for that pair to finally drop around 239.00, it started going down fast. But to the naked eye, we could clearly see that after breaking a small resistance it was losing steam and was not breaking that second resistance line. As soon as GBP/JPY touched 239.69, the second resistance line, a strong buy was a gutsy but an accurate move. I didn't have a lot of margin left but took the bet anyway with a neglectable quantity. Well, I was right and the Fibo report wasn't lying...it shooted up, then a bit more, stayed stable for quite some time, taking some more steam. Shooting up in the surroundings of 241.45 a few minutes later.

At this very point I sold my long position I had taken. I was tired, but learned a good lesson. Looking at the +175 pip gain I have just dug out I said: ''Wow, so this is how Fibo reports works...''
:D

I have been live trading for close to 2 months and I doubled my initial account size. I really am glad of my performances. I do not break records but am getting the job done. I really am looking for some more reading as there are aspects that I still am not aware of.

P.S. Every FOREX trade can be dangerous. Never invest money you cannot afford to lose.

Hammering the USD/CAD nail.

While in a beautiful strong downtrend making it swing all the way back to 1.0803, the USD/CAD goes back close to it's initial 1.0850 this far today. I had sold close to everything while down there, and have refueled a fresh batch of new positions. I am hammering the nail on that pair now.

This will surely bring in enough to beat any week or even month I have been trading. All this in one in a single move. Now all I have to do is sit and wait for the results.

I have also taken the occasion to make my first cash deposit thru my Egold account. Such a deposit was needed to validate any withdraw I eventually want to make in the future. I used my Egold that I gathered thru time on paying paid to click programs.

P.S. Do not invest money you cannot afford to lose. Each trade can be dangerous.

My first +100 pips day.

Yesterday was a good day for me as the USD/CAD short positions I took on sunday added to my yesterday trades made me win a total of +100 pips for the first time. There is a first in everything.

At the end of that particular day my total account showed a beautiful +12.5%. I cannot imagine how happy I would be if my account already had 1000$ in it. :) To add to my gains, once I closed everything I had left this morning, I went to take a shower to later visit a friend. Just as I was leaving, I decided to take a last glance at that USD/CAD.

Well, during the time I was in the bathroom it went back up where it originally was, so I opened a new set of short positions and went to my friend's place. A beautiful free +100 pips...

To me, FOREX is like a drug now. :D

I am getting addicted and want to learn even more about it. I will attack the Fibonacci ratios chapter very shortly as it seems very interesting.

P.S. Every FOREX trade is dangerous. Do not spend money you cannot afford to lose.

Keep your ears and eyes open.

Yesterday, I heard in the news that the Bank of Montreal made a financial prediction about the value of the canadian dollar versus the US dollar. The bank predicted that the canadian dollar will be worth the exact same value as the US dollar before the month of september 2007 is over.

At the beginning of 2007, the US dollar was worth around $1.18 CAD. It then started to slip regularly to finally close this week just under 1.10$ CAD. Already close to a -8% slip this far for 2007. I made most of my first FOREX gains on that regular tumble.

Now with that announcement it really looks like there is still another -9% USD depreciation to come until the summer is over. That means another 900 points fall to come. A pretty interesting long-term information for a FOREX trader.

As soon as the market will open tomorrow, I will open a big short position and hold it for a few weeks...or until it stops dropping on a daily basis. Sometimes during a fall in a currecy value, there is some resistance plateaus, a good opportunity to close a short position. On such resistance, the value stops it's drop and starts going back up again just a bit. If you are aware of such resistances you can close your positions, wait for the small raise and open another short position to fully benefit the small raise.

If you are successful, you can easily exploit such a 900 point long-term drop and register an even better performance. Exploiting the resistances can transform a 900 point market drop into a 1000 point net gain for example, just by closing your position and opening another one a bit later after the small temporary market raise.

Open your ears and your eyes, all the info you need to be successful is out there to be exploited.

P.S. If you are not familiar with FOREX trading be very cautious because every trade is potentially dangerous.