1. Know your goal.
If you have a journal, write down your goal, a material that you think you can possibly purchase so that at least you can have directions, it would also be better if you have short and long term goals, if you have not started this, start on a mission of achieving short term goals like small stuffs, a gadget that you wanted to buy, in the end, it would be very rewarding, there are things that you will learn about yourself that can help you plan on how you can achieve your long term goals.

2. Focus on what you not on what you WANT.
From your list of goals, you have to be very careful to know on things that you need most. Try to realize if those things are really necessary or if those things can wait.

3. Be prepared on times of emergency.
Always make sure that you have an alloted savings for emergency situations, it should at least cost a month of your income. And just use during times of EMERGENCY only.

4. Be conscious about time.
Basic knowledge about money is to save money on bank, ideally its correct but not very practical since interest rates are higher than depreciation rates. Try to look for other types on investments like mutual funds, stocks, forex, etc. There are risks but theres so much for you to learn and make sure that the money that you are going to use for this are idle money.

5. Choose carefully.
In drawing up your list of goals, you should look for things that will help you feel financially secure, happy or fulfilled. Some of the items that wind up on such lists include building an emergency fund, getting out of debt, and paying kids' tuitions. Once you have your list together, you need to rank the items in order of importance.

6. Don't forget your family members.
if you have your own family, they maybe your whole plan, do not forget to take insurance for yourself for you and for them. At least 3% of your annual income is alloted for insurance.

7. Start now.
What are you waiting for? When? Act now and start now, grab a pen and paper before you sleep or especially if you can't sleep, start asking yourself on things that you need and what are your plans for tomorrow, on the coming week, months and years.

8. Be prepared for some changes.
Your goal may change because of your age, current location or job, be prepared for it, you know yourself, decide the right thing to do.

I doubt that dollar can fight back. I have no idea on US economy, I aint a analyst, but i think that dollar value will drop today and in the future. If you could see the value of EUR versus dollar on chart history for the past few years, its continually droppin although sometimes it goes up but it goes down in double. Someday, I'm planning to be a long term trader instead of a daliy trader...I have to go and have to keep lookin on the chart.

I thought that forex is 24/7, but not in Marketiva, its offline on Saturday morning ( asia pacific time ) and maybe will come back on Sunday 1700 time on New York Time. Good thing that I didnt open a position or else it will be at the back of my head on days of weekends.I earned 8 pips from my last trade, i took a sell position @1.3632 and I just set an exit target of 1.3624 and before the market closed, I had the position and I earned $.20 from my $5 live fund. Total money that I have right now is $6.15826

My free $5 is now 5.45826, that's good news, good thing that I stick to my belief that the EUR/USD will go down last night. Now im on a short position of 1.3666, I just hope that EUR would drop this afternoon.

Been to the stocks seminar yesterday with my friends sa Ortigas. I dont think that i would go here at this time, maybe because as a newbie, I am still enjoying on looking on the live charts like in the forex where you can monitor all the time and you can pull your bet anytime (except weekends)

As of 3PM, there was a news update that EUR may rise up to 1.3684:

8/31/2007 3:43:01 AM After a short upward trend in the early Asian deals on Friday, the Euro moved in a loose range against its US counterpart in the later part of the session. Largely, the pair moved between 1.3658 and 1.3674 during this time period. Upside and downside, the pair is likely to target at 1.3684 and 1.3580 respectively."

Whoa, im on a short position of 1.3666, id like to test if this news is credible or not but i still like to stick with my plan, i have an exit target of 20 pips, I just hope that Id be able to get that, it had it on 19 pips, tsk tsk! I may have to wait tomorrow or wait for the result of Bernanke's speech.

Today the rate of EUR/USD is 1.3660 , im losing almost 38 pips, what more if im playing my own money. I just hope that i wouldnt get a margin call.

At least now i have an extra task here to do in the office. I must pay all my attention to this one before i can go deep about other dramas of my life.

I have to leave the office early because i need to meet my friends in Ortigas to attend on stocks seminar. I just want to see what its all about.

"1.395" is my number. What is it? That's the EUR/US rate in forex, I was so bored here in the office so i tried to sign up on a demo account, maybe 2 months from now I would deposit my own money and start trading, goodluck to me. And now i am enjoying looking at the charts going up and down. Im using my $5 live account in Marketiva and because I was so excited and now I am down to $4.49, but im still dreaming that i can make it $100. daMaybe ill wait for the result tomorrow.

Its all about the money. Everyday people work on their little tasks, either their doing their jobs in the office or running their own business. Everyone has to make their own dough to keep their world spinning, and that includes me. Being employed does not give you an advantage of finding a time on your own and the pay is not enough to have your own house or even a second hand car, it may but it may take years of waiting before you can get it. So most employed people look for other part time jobs, but thats something that i don't want to do. Good thing that i started to read some forums and I finally found the idea of forex. It took time for me to understand its concept, you would not understand it until you try to run a demo account with real money. There are lots of brokers here in the Philippines but their offers are not good enough, its better to settle for international brokers like Marketiva, Oanda and etc. So far, what i tried is Marketiva and i got familiar on its own interface.