My Forex trading income for April 2016. 15 trades, 3 wins, 3 break evens, 9 losers. Interestingly I have been wrong most of the time this month, but because of my risk management I am down only 1.44%.
After the first three weeks of April 2016, I am down 0.6%. Out of my 12 trades I have only had 2 half decent winners, but because of my strict risk management, I have lost very little. As my virtual mentor repeatedly says, with Forex trading it is not about how many trades you...
FX Trading – My First Attempt When I first tried to make money FX trading, I worked really hard at it for two years, and eventually wiped my account in acts of desperation and frustration. I came to the conclusion that it was not possible for amateurs to be successful. I...
My Forex trading income and trades in the last two weeks of march 2016. I’m up 4.3%, making for the month a total of 7.9%. In these last two weeks, I made 6 trades, only winning on 2 of them, but for my losing trades I lost between 0.3% and 0.6%. I’ve detailed my two...
After my first two weeks of March Trading Forex, I am up 3.6 %. My two EUR positions carried over from last month almost immediately lost me 2.2% (from start of the month), so not a great start to the month. Since then I have effectively (two positions I stepped into with three...
This video shows a great example of how wild and random price action can be on Non Farm Payroll Friday. I’ve used the EUR USD for this example. One correction to what I stated in the video (it’s 4:30 and I’ve only had one coffee), when interest rates rise (or...
As I talk about my Forex trading activity to friends and family, occasionally I do get asked questions on how to start Forex trading. I tried Forex trading for the first time few years ago, tried to work everything out myself, and eventually lost my whole account, coming to the...
In February I started trading with a live account. I made 6 trades, the first four all losing, with a total loss of 2.5%. In the last two weeks of Feb I made 2 trades, shorting the EUR USD. These are both still open and are currently up 9.4 So for all 6 trades i am up 7.4%. I...
in my first two weeks of Feb I made 4 trades, all losing, the total loss being 2.5%.In the last two weeks of Feb I made 2 trades, shorting the EUR USD. These are both still open and are currently up 9.4%. With all my trades I am only risking between 0.5% and 1%.