I called up RBC (who provides me my car loan) and found out that I owe much less than I previously thought. Below is the amount I would have to pay to get out of my loan today.

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The foreign exchange market (forex, FX, or currency market) is a form of exchange for the global decentralized trading of international currencies.

It is essentially the same as buying stocks but is much more volatile. However, what is nice about the Forex market is that there are not restrictions on who can short units. This makes it possible to make money while pairs decline or rise in value.

As with any investment having a plan is key to success. You cannot just ‘guess’ and expect to receive great returns. Luck only goes so far. I must say though, that my first few days of trading were extremely lucky. I really had no idea what I was doing but still managed to come ahead by almost $200. With this, I opened 2 other accounts and decided that I would diversify my Forex investing/day trading(whichever you prefer to call it).

One of the accounts is automated through the use of an Expert Adviser (EA for short) which is just a robot who trades for you. I will refrain from talking about this here for now as I will eventually be making a series involving them. My second account is also automated but by a signal provider. This is basically a ‘professional’ trader who sends his buy/sell signals to a signal provider who distributes them among followers. I have been having great success with both of them.

As I mentioned, I increased my account by $200 in my first week. This money I split three ways. I put $100 in each of these three accounts. I will not lie, I blew my manual trading account and do not use it anymore. Instead, if I make manual trades I do it through my EA account. Since I blew the account though, I have only been up. Mind you, there are obviously some unprofitable trades. Yet generally, I am up. I have been averaging lately about 1-3% a day. Again, I will save how I do this for another post.

To provide you with my first official account balance updates. 

My EA account currently has a balance of $138.93. A 38.93% increase over my initial investment.

My signal provider account currently has a balance of $179.82. A 79.82% increase over my initial investment.

I will leave you with that

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I have finally found a nice relaxing Saturday morning in which I am able to dedicate an hour to providing a post to you all! (Although you will not see this until Monday) It seems to have been a very good time for self-improvement lately as I have gotten many things done that I have been wanting to do for a few years now.

To start off with something I am VERY excited about; I have started courses towards a degree in Business Administration. I am only doing individual courses at the moment (Due to time constraints) however, as my personal time frees up a tad I will be adding more and more. Currently I am taking Financial Accounting 1, it is not much but it is stepping stones into seeing if going back to school is actually for me. I have not been having many problems with this, it is rather quite easy actually, I was surprised. Mind you, it is a first year course.

In regards to my debt and line of credit, I have been steadily paying it off, and had it almost paid off but then everything with school came in, so all of my school related expenses (and a few others) are now on my line of credit. It now sits at approximately $1,900. I am quite lucky as my courses will be reimbursed by my employer, I am just required to complete and pass the course before they will give me the money. However, they will not reimburse interest paid, but I am pretty sure I can handle paying a few dollars for a $1,000 course.

I have increased my savings by another $100 a month. This now gives me $200 a month going into my RRSPs, and $100 going into my self-directed TFSA. Once my line of credit is paid off (again) I will upgrade this amount to include the minimum of $375 I have been paying off on my line of credit each money. This will definitely help my investment amounts.

Something I have been having a ton of fun with lately is something a lot of you might cringe towards. I have started, slowly, investing into Forex. I will obviously be posting about this because it is super fun. But I will be saving this for another post.

Anyways, I hope you all have a great day and I hope you are having as much fun as I am!

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Stats for March 2012 (stats from Google Analytics except for feeds which is provided by New StatPress plugin) 

Visitors – 368

Pageviews – 500

Feeds – 301

Avg Time/Visit – 3:35

Alex Ranking - 420 425

I did not do as well as I hoped I would have. I believe this is due to me not posting for the past few weeks. However, I am still content. 

So thank you everyone for your help! Have a wonderful friday!

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