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Thread: My Trading

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    Default My Trading

    A couple of people have been asking about my trades, i.e. what I trade and when.

    As I said to Neno before I was appointed moderator of the FOREX forum, I don't consider myself to be an expert, i'm still very much learning and experimenting with different trading systems.

    May I also stress that I am a FOREX moderator, not a tutor, as I do not feel qualified to teach this subject. However, I do want to keep these threads helpful, so an exchange of dialogue will be welcome.

    I will publish any trades I make on ROL, for information purposes only, so people can see what I am doing and witness any profits or losses I make. I accept no responsibility for any losses people may make by following my trades.

    If people find my log useful, it will be up to them if they use it or not. I don't purchase signals from anyone, nor will I ever, but I will encourage people to try it for themselves.

    Hopefully, we will learn from each others successes and failures.

    I am happy to accept constructive criticism from anyone with more experience, so stay tuned for the nail biting world of trading the FOREX.

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    Currently watching the GBP/USD at 1.9776 and think there may be a sell (short) position developing.
    I'll give it some more time and see what happens before making the trade.

    All the indicators I use are pointing to taking a short position, but I need further confirmation.

    Also watching GBP/JPY for a short position at 228.24.

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    Senior Investor Adster's Avatar
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    Are you paper trading Col or using real money?
    Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.


    Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.

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    Quote Originally Posted by Adster View Post
    Are you paper trading Col or using real money?
    Currently paper trading with a view to moving to a live account in January.
    I am confident to spend real money now!

    On the subject of paper trading, it is best to treat the trades as though they were real money, so that you get familiar with the emotions that arise. It teaches good money management skills and patience.

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    Quote Originally Posted by investor View Post
    Currently paper trading with a view to moving to a live account in January.
    I am confident to spend real money now!

    On the subject of paper trading, it is best to treat the trades as though they were real money, so that you get familiar with the emotions that arise. It teaches good money management skills and patience.

    A mate of mine went on a course last week at Heathrow airport. He has paid for some software to show trends/where the market is going etc and is paper trading it this week. He intends using the Dow Jones markets as it fits in with his self employed job and can be done in the afternoons/evenings.

    Start off small and build your bank up mate. I did this with sports trading and now am confident in using big stakes.

    Course once the dinar hits you can use bigger stakes anyway once you're confident etc.

    Make sure you have the discipline side conquered!, look to make a certain amount per day and be happy with it.

    Good luck, keep us updated how you're doing please as it'll be interesting.
    Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.


    Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.

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    Exactly mate, got to be careful of greed.
    I picked up 300 pips last week on one trade and exited when I thought it was about to reverse.

    The trade continued on in it's original direction and I found myself getting angry because of the early exit. Those 300 pips were worth about £1500 and were achieved in four days.

    Note to self: Control those emotions!

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    Nice! ;)

    And for any members interested in learning FX, babypips.com is a fantastic free resource! (and they've just updated it!!)

    Love the Branson quote btw investor. ;)

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    Quote Originally Posted by inspira View Post
    Nice! ;)

    And for any members interested in learning FX, babypips.com is a fantastic free resource! (and they've just updated it!!)

    Love the Branson quote btw investor. ;)
    Thanks inspira.

    Babypips is an excellent site, I have used it a lot.

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    OK, here we go.

    Decided to stand aside with the GBP/USD for the moment, too much sideways action.

    I have entered short (sell) on GBP/JPY at 226.46

    Lets see what happens!

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    Quote Originally Posted by investor View Post
    Exactly mate, got to be careful of greed.
    I picked up 300 pips last week on one trade and exited when I thought it was about to reverse.

    The trade continued on in it's original direction and I found myself getting angry because of the early exit. Those 300 pips were worth about £1500 and were achieved in four days.

    Note to self: Control those emotions!

    Yes, that's the downside and its a pity there, it got the better off you otherwise you could be dining grandly around London's top haunts...

    I'd say also, fine tune with those "over cautious" decisions to exit... excitement with confidence is driven by a healthy dosage of adrenaline...

    Nice start on this field... I look forward too in monitoring whatever can be gained here...


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