So far I got 30% return on my demo account, in 3 days! I have been reading lots about FOREX and technical analysis I believe I am improving by the minute!
I can’t wait till I open an actual; account and become rich…hahahaha
Well I know FOREX is risky business and you have to be smart about it (90% of traders lose in FX).
This post is a follow up to the last post.
So I was looking for different ways to invest and here are the options and conclusions:
1. Mutual Funds: I am already doing that with a nice return but I feel I could do more.
2. Real Estate: I thought about this idea with a friend of mine that actually works in the industry. We decided to postpone it because my credit is not top notch and the real estate prices in Toronto are too high and we predict the bubble will burst anytime soon.
3. Stocks: This was a tempting option since I follow the markets and business news very closely so I have an idea where to invest. The drawbacks are the trading fees and the minimum capital you need is a little high.
4. Futures: Too complex, I didn’t really look too deep into this and I lost interest.
5. Forex Trading: I wanted to try this for a loooong time but I was under the impression that I needed a lot of capital. However, after doing some investigation I found out that you do not need a lot of capital (just $250) to open a mini account. Also, Forex trading is easy, fun and can be partially automated!
I started a ‘demo’ account yesterday night for 10,000 and I am already at 11,000 from 2 trades I automated before going to bed; when I woke up they were done…awesome.
So my plan is to try the demo for a month, see how I perform then open a mini account. I could open a standard account for 2,000 but I believe using a mini account my confidence will build up and I can play it safe before opening a standard account.
Guys, I will keep you daily updated on my demo account.
Cheers,
I have been talking about poker for 99% of my posts, so I decided to change it a bit and I will talk about my personal and professional growth goals for these couple of years.
Health – Lose weight and become 225 lbs @ 14% body fat
In September I was 313 lbs and 32% body fat, through proper eating and exercise I have been able to drop my weight to 291 lbs and 27% body fat. I am confident that I can lose the weight like I did 3 years ago BUT this time I will stick to it.
Fitness – Commute both to and from work on my bike during the summer
I partially did this since I just got my bike at the end of the summer.
Financial – Double my savings
I was a great saver when I had no obligations but once the obligations kicked in I saved a lot less so the challenge is to save while you have obligations as well.
Financial – Diversify my portfolio and get ROI of 20% for this year.
Mainly I have been investing in mutual funds and it has been great but I will introduce stocks in the picture see what happens.
Education – Do my MBA
I will apply for admission this September at York University so I can do it part-time while I work.
Career
I have a lot of goals for this but instead of boring you I will tell you that I am planning to finish all my projects and increase the uptime in the plant.
So that’s it, I will let you know what I achieve and what not at the end of this year.
Brought to you by…
EV
Happy New Year!
I know, i know, i apologize i haven't posted for a while. I was really busy with work and i was under the weather.
I bet all of you are excited about 2007, I am!
First of all, even though i know you are not interested but i want to mention that i have lost 25 LBS since december 1st, i feel great and i feel my poker has improved "a healthy mind in a healthy body".
As you remember i said i was off online poker for good. So i started to frequent an underground poker place in downtown Toronto. Mainly i have been playing tournaments. So far i haven't won any but made it in the money most of the times. The thing is that most players are asian, and i don't won't to offend anyone but i noticed from long time ago that asian poker players are the toughest and riskiest; they see poker from a different perspective than everyone else. I am planning to crack their secret :)
On Jan 2nd, I got an email from PartyPoker that I have a $20 bonus. I said to myself why not use it, i am not losing anything. So i have been playing single-table tournaments and I have been making it in the money (top 3) 80%, I decided to see how far i can take the $20.
As for my poker plans for this year, I am planning to go to Vegas in April to play some tournaments and do what I am doing now; play in the underground place and SNG games online with the bonus i got.
Well I will keep the blog updated and good luck.
EV
