My Forex Blog

Hi, my name is Karin and I have been investing in HYIP and autosurfs for 4 years. Seen my share of scams and folded programs, that is for sure. So for the past two years I have been learning to trade forex, and this year I have finally become successful. I hope you can learn too. That way, you dont have to hand your money over to some "admin" and hope that you get it back with some profit.

[Most Recent Quotes from www.kitco.com]

Wednesday, January 03, 2007

Starting off the New Year Right!

“The trouble with not having a goal is that you can spend your life running up and down the field and never scoring.” - Bill Copeland

I dont know who Bill Copeland is, but he sounds like a pretty smart guy.



So 2007 has begun, I am feeling both optimistic and pessimistic at the same time, LOL.

This is the year when I give up entirely on HYIPs and autosurfs (yes, I still have a tiny bit going in a couple of so-called "programs", but I will be withdrawing whatever I can).

This is the year that I will *REALLY* make money with forex.

Last year I made good money, but it basically just made up for what I lost in the December 2005-April 2006 time frame.

From here on out, it's going to be profits all the way!

I am fairly happy and comfortable with my HPC (Hedged-Pair/Carry) trade although I am also experimenting with another pair.

I am working on something I call the Daily20 and also a longer-term trend system. I would like to have a couple of different systems that are completely unrelated, that each generate good steady gains.

I hope to open a Roth IRA with Tradestation sometime before April 15 and get that working for me.... tax-free is definitely the way to go. I used to use TradeStation when I traded futures, and I love their platform for automating trades.

If things go really well, I will be looking at greentradertax.com to set me up properly as a trader and minimize what taxes I can, before going full-time, sometime in 2008.

The current plan is December 1 2008, but maybe I can move it forward a few months...

:D



Come along with me.....