5 Essential Rules of FOREX trading

6 02 2009

a) If you can’t take the risk, DONT TRY TRADING FX. FX is the highest risk instrument available.

b) If you can’t control your greed, DON’T overtrade or chase after TINY PROFITS using HUGE LEVERAGE.

c) If you can’t control your emotions, DON’T do revenge trade after you lose.

d) IF you have no money management, PLEASE stay away from FX.

e) IF you have no patience, DONT EXPECT TO WIN BIG.

Credit to AdamG1981





Whatt ??

5 02 2009

EJ reached R4 !!! … if i didnt put the trailing stop earlier, i will very serious amount of CASH !! …sigh ..

thats it .. after this, trading time.. im not going anywhere. if anyone comes, i throw him/her out .. i dont care ..





hmmm…i need more capital

28 01 2009

i think i will need more capital .. its hard to trade with a small capital … another 1-2k usd would be nice .. i can lower my trade risk and protecting my capital better ..

anyway, here’s yesterday trades. one lost and one gain . as you see, the chart is already far because after the loss, i just close the computer. to avoid me trying to trade again .. and with the revenge emotion with the losing trade.

i cant recall who said it. someone said that trading is 5% mechanical knowledge and 95% emotions ..

27-ej-2355





LiteForex

22 01 2009

well well well.  something happends today. i was unable to access the server and my entry all are wrong ..

EJ entry : 114.76 but opened at 114.16

EU entry : 1.2932 but opened at 1.2941

GU correctly opened but 25 trailing was not triggered.

i just can get the access and guess what .. -219pips of STILL opened/floating positions. i just hope it will breakeven.. or it will hit my SL.

owh.. this reminded me of something else. they have terrible support and sometimes really late withdrawal .. looks like im gonna search for a better broker.

Update : they still dont tell us (their clients) what happened that day. is it a server crash or something .. but they did tell that if anyone have a loss, they will cover the loss and deposit it back to ur account.





Bored ….

30 12 2008

im kinda bored so i want to take a trade tonight. the high spread really troublesome but at least i managed to bag 37pips. going to sleep now. good night !

31dec-sell-gu2





Really Wide Spread ?

22 12 2008

i just noticed that today my broker spreads are insane ..

EJ : 12pips
EU : 9pips
GJ : 24pips
GU : 12pips

and here is what the broker support forward me to ..Well, at least now i know when i gonna have a long vacation and reserve hotel room at my vacation spot three months earlier .. hahaha





‘Common Error’ : i hate that thing !

19 12 2008

First trade taken today ..

19-dec-sell-gj-1

i cant even make a pending order after that trade is closed and still cant.. i keep getting ‘common error’ and its really really really annoying …missed two trades ..