Forex Howto

02 Oct, 2006

Progress

Posted by: Milton In: OLD Archives

I thought I’d update on how my trading is going, since I made my last post, it did swing the way i was expecting which was good, as I made back all my losses and added about 1.5% to my starting capital :D I should mention that I’m using 1:20 leverage, so the 1.5% could be 7.5% if I was on 1:100 leverage, though losses hurt much more as well. My current money management plan is to keep the leverage low until I’m nailing every single move (including the timing).

One thing that I’ve found quite good for anticipating big moves is this tool from Oanda. It shows you when the major markets are going to be open and then you can anticipate the breakout/down.

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About FOREX Howto

Forex Howto is a site that I setup some years ago, I neglected it for a couple of years and now it's back online.

It will have my progress as I explore the world of Forex trading and my experiences in trying to profit from it.

If you need to contact me, just leave a message on any of my posts and I'll be sure to read it.

About me: I'm a 31 year old aussie living in Sydney, Australia.

I work as a programmer and hope to someday use my programming skills and growing knowledge of FOREX and markets in general to run live automated trading systems (all going well they'll be profitable).

A couple of pages which might be of interest to new traders: