Month 1- April activity
Opened demo mini-account, nice client interface, lotsa colours, apa ni 'buy/sell' button, click,click,click. After few days, im now down 600usd. Ok, time to find a trading plan and test it out. Still learning the basics, thanks to irman for loaning me a book on technical analysis.
So far so good, market gave signal for an entry. Placed order with stop/target value, now lets see how it turns out. Can't keep up with 8 on-going pairs!, better stick to 1-2 pairs.
End of april, balance abt $6,100. i like this system. Simple to follow with target limit/stop calculation. Need to to be more disciplined and work on timing and profit-taking.
Lesson, seen high market activity, ah news release. 50++ pips in few minutes, Did a search and found trading in the news is a popular technique, wait i know nothing of inflation rates,PPI,retail sales report, employment growth etc etc. Looks interesting....
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