My earlier post was moved to the classified section because i mentioned the word "ebook"...so I will not talk about any of that here. Furthermore, I created an EA and backtestsed the system and it was not pretty...another scam.
I have previously traded without any system in place: I have not been using any technical indicators, nor have I followed the economic events in the past. I have been making my trades when I felt like the pair is going to move in a certain direction, primarily based on it's average price over the past month or so..
I will now start to develop an actual system and this is where I will track my progress. I appreciate and welcome any feedback and suggestions.
I would not suggest following my trades though, because this in an experiment
Background:
======================
I am 21 and have been trading for about 8 months. Nothing too technical, mostly just random trades here and there . I openned my account with $250 and went to $920 in 4 weeks...then learned a lesson on using stop losses (lost $600). Turned that $320 back into $900 pretty quick and then learned my next lesson with a margin call - don't trade so many lots! (lost that $500 back). Once again, turned that $400 into my current balance - $959.
My FX info:
======================
Broker: Forex.com
Beginning Balance: $959.00
Margin: 1:200
Lot size: 10,000
Currencies: I will probably stick to GBP/USD, USD/JPY, EUR/USD
I don't spend much time in front of the computer, so I bought a pocket PC and use MetaTrader 4 Mobile (da bomb!) for charting; and ForexTrader.wireless for trading.
I do not have any positions open right now and will start on Mon!
Here we go!!!
Admin - plz don't move/delete this thread; I am not going to endorse or advertise anything here
I have previously traded without any system in place: I have not been using any technical indicators, nor have I followed the economic events in the past. I have been making my trades when I felt like the pair is going to move in a certain direction, primarily based on it's average price over the past month or so..
I will now start to develop an actual system and this is where I will track my progress. I appreciate and welcome any feedback and suggestions.
I would not suggest following my trades though, because this in an experiment
Background:
======================
I am 21 and have been trading for about 8 months. Nothing too technical, mostly just random trades here and there . I openned my account with $250 and went to $920 in 4 weeks...then learned a lesson on using stop losses (lost $600). Turned that $320 back into $900 pretty quick and then learned my next lesson with a margin call - don't trade so many lots! (lost that $500 back). Once again, turned that $400 into my current balance - $959.
My FX info:
======================
Broker: Forex.com
Beginning Balance: $959.00
Margin: 1:200
Lot size: 10,000
Currencies: I will probably stick to GBP/USD, USD/JPY, EUR/USD
I don't spend much time in front of the computer, so I bought a pocket PC and use MetaTrader 4 Mobile (da bomb!) for charting; and ForexTrader.wireless for trading.
I do not have any positions open right now and will start on Mon!
Here we go!!!
Admin - plz don't move/delete this thread; I am not going to endorse or advertise anything here