February 11, 2014
This morning, February 11, 2014 I just don't know what came into my mind and I got to go online to check our account in Forex. "Our" because it is a group project and my email is the one that we decided to pass to our professor as an official account. The account that she will be graded on. To be clear to you (whoever reading this) I need to define what my topic I am talking about here in my blog post which is Forex. But what is Forex to be exact? The foreign exchange market (Forex, FX, or currency market) is a global, decentralized market for the trading of currencies. The main participants in this market are the largest international banks. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. (Source: http://en.wikipedia.org/)  |
| Forex logo (edited by Lovely :D) |
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| Forex.com Homepage |
Now that we all know what is Forex (foreign exchange) is. It sounds interesting right? Because it talks about money. And it made me interested too. When my professor orients it and she said that it is a game. It fascinates me more. It is our project in our Finance subject. Our goal is to make our $ 50, 000 initial balance bigger. If our tradable balance became $ 49,999 below our final grade project would be 5.0 or 3.0 (as for effort in the documentation). Here is the basis of the grading system if we got the total tradable balance of: $ 62,500 =2.75; $ 75,500 = 2.5; $ 87,500 = 2.25; $ 100,000 = 2.0; $ 150,000 = 1.75; $ 200,000 = 1.5; $205,000 = 1.0
In the beginning, my classmates and I are really confused just to create an account. It's really confusing though, because it is the first time that we encounter that kind of game(?) But with the helped of each one of us, we definitely created it. Some of us created a sample account just to be familiar and know how it works. January 23, 2014 is the first day of our real forex account and it will end on February 20, 2014. It is a big challenge for us. Especially the one's with an internet connection at home, because we are the one who are really responsible for the account. It is a group project and we need to have a good cooperation as a grup. For me, I want this project to be individual. I'm not saying that I'm that good with this kind of task, but because I don't want my group mates to suffer if I got a low tradable balance since I'm the one who is checking it time to time.
This project seems easy at the first time I played it because on the first week I gained a tradable balance of $86,000+. And I even taught some of my classmates on how to play it correctly. They messaged me on my Facebook account even if it's late and I answer it right away. It is a big sacrifice for me because even if I'm not in the mood to go online and I really wanted to sleep is I need to do so just help them. They're my classmates and friends too, so I want to voluntarily share my knowledge with them. I just wish they appreciated all of it. lol
Forex made me realized so many things. It tested my patience, trust with my group mates which are my friends, setting aside some of my not so important habits. I think this is the most affected area--- by hobby in blogging and updating some of my accounts on other social networking sites. I surrender most of my time just to check and play forex. But I know that this is worth it. These past few days I'm really inactive to Tumblr and I really miss blogging. And even Tweeting (haha.) I just wish it's already February 21 so I can go back to my original scenario everyday.
After a week of not checking our account and lay lowing due to some instance with my group mates, later this morning a thought came into my mind, "Nakakamiss din pala magforex. Nakakamiss yung nakatitig ka sa "positions" at iniintay tumaas yung value nung goods." So yeah. I'm back to Forex world. Welcome back to Forex World Lovely.
You can recover all your loss. "Tiwala lang." sabi nga nila. It is not yet the end. We don't have so much time left so we need to have extra effort. So, sa mga classmates ko na sure akong nakakarelate dito, kaya natin yan. Matatapos din yung stress natin. Malapit na. We can do all of it. At sa mga groupmates ko, sana naman nainitindihan niyo ko dun sorry by the way. I hope na natuto tayong lahat.
Sincerely,
Lovely
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| with my friends and groupmates |
In the beginning, my classmates and I are really confused just to create an account. It's really confusing though, because it is the first time that we encounter that kind of game(?) But with the helped of each one of us, we definitely created it. Some of us created a sample account just to be familiar and know how it works. January 23, 2014 is the first day of our real forex account and it will end on February 20, 2014. It is a big challenge for us. Especially the one's with an internet connection at home, because we are the one who are really responsible for the account. It is a group project and we need to have a good cooperation as a grup. For me, I want this project to be individual. I'm not saying that I'm that good with this kind of task, but because I don't want my group mates to suffer if I got a low tradable balance since I'm the one who is checking it time to time.
This project seems easy at the first time I played it because on the first week I gained a tradable balance of $86,000+. And I even taught some of my classmates on how to play it correctly. They messaged me on my Facebook account even if it's late and I answer it right away. It is a big sacrifice for me because even if I'm not in the mood to go online and I really wanted to sleep is I need to do so just help them. They're my classmates and friends too, so I want to voluntarily share my knowledge with them. I just wish they appreciated all of it. lol
Forex made me realized so many things. It tested my patience, trust with my group mates which are my friends, setting aside some of my not so important habits. I think this is the most affected area--- by hobby in blogging and updating some of my accounts on other social networking sites. I surrender most of my time just to check and play forex. But I know that this is worth it. These past few days I'm really inactive to Tumblr and I really miss blogging. And even Tweeting (haha.) I just wish it's already February 21 so I can go back to my original scenario everyday.
After a week of not checking our account and lay lowing due to some instance with my group mates, later this morning a thought came into my mind, "Nakakamiss din pala magforex. Nakakamiss yung nakatitig ka sa "positions" at iniintay tumaas yung value nung goods." So yeah. I'm back to Forex world. Welcome back to Forex World Lovely.
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| Currency Pairs |
Sincerely,
Lovely
