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15 trades, 8 losing, 5 break even, so only two winning trades. So a terrible win rate (13%). This is what I need to focus on, i.e. stop taking trades unless I understand why they are high probability trades. This is a great example of the importance of risk management and as my...

Forex Volume Calculation When placing a trade using the Metatrader 4 platform, as well as specifying my Stop Loss, I also need to specify the Volume which will determine how much I am risking (and how much I will make if the market goes my way). For Forex trades I use an online...

For August 2016 I am up 1.8%, this being my first profitable month since March. I made 7 trades, 2 winners (long USD PLN still being open), 2 break even, and 3 losers. I have been away for half the month on holiday, hence this may be a factor in stopping me over trading this...

A great Forex trade I almost did in June 2016. I had shorted the AUD NZD on 8th June as the price bounced off the top of the downward channel it was in, and before the NZD bank rate statement. The trade worked perfectly, but I messed it up by making my stops really tight closer...

One thing I need to do to improve my trading results is to close my positions before my target is hit when appropriate based on price action. This video by Stephen Bigalow explains the 12 candlestick patterns he recommends to use which provide reliable and relatively frequent...

My Forex trading income for the first two weeks in May. For my closed trades I am down 2.4%, but have two open trades with stops above entry points so they are in guaranteed profit. My focus this month has been– Long GBP and USD (the best of a bad lot)– Short emerging...

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...