Today I followed my friend-partner's advice of just putting a minimal amount on each currency pair I'm interested in to track its movement. Basically I was on EUR/GBP, EUR/USD and GBP/USD. That I'll leave as open positions to track over this week. Basically I'll try to establish the relationship these 3 pairs share since they are largely dependent on one another.
My current theory is that since the EUR/USD and GBP/USD tend to appreciate/depreciate in the same direction. The difference in the volatily of these 2 pairs would make a difference to the EUR/GBP. In general, the GBP/USD is alot more volatile than EUR/USD. To be very honest, I don't know what's the exact relationship, and therefore I'll need time to find out. As of now, I opened long positions on all 3 pairs at 11am this morning. Currently, there is almost no change for the EUR/USD. GBP/USD is down 56 pips. And EUR/GBP is up 21 pips. That still seems to make sense still as the value of GBP goes down, and EUR's value stays constant, EUR/GBP appreciates.
I received my pay from the job agency for my efforts at the starhub roadshows. I don't feel extremely elated to receive my pay, but it sure makes me less unsure of how I'm gonna survive the coming days with 70 bucks in my bank. And that gives me an indication of how I would feel when I get my paycheck if I choose to work in future. The sigh of relief that there are no more tight finances at the end of the pay cycle. But that's not what I desire, in fact, not anyone's desire at all. All of us hope to have good things in abundance. The only difference is who is willing to take the risk. I'm gonna take a risk soon using an alternative method of finding students for my tuition. Being alive is about running risks, someone said.
I'm sort of in a slump. I'm beginning to doubt I can make it to riches or wealth. Not that I've tried hard enough, but it's just a sentiment. Which I can recognise it is not supposed to be since I haven't even attempted to get rich. In any case, all things go through the cycles of ups and downs...so I shall sit this out and believe in what my friend tell me: "I'm sure you'll make it big."
And I want to tell everyone else who are trying and failing and facing difficulties the same thing, that if we all endure and continue working and learning along the way, I'm sure we'll all "make it big."
Monday, 18 December 2006
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1 comment:
Don't give up man. Everyone has the potential to become financially free and rich. Its just about doing the right things.
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