My FOREX Mistakes

So I've been playing with a demo account for a little while now and the last few days I've been going backwards at an incredible rate!

I seem to have had the amazing ability to buy a currency just before it drops like crazy :(

So after I initially lost a large amount of money due to just buying without thinking, I managed to build back up to my starting capital and then turn a bit of a profit. However my last few days has undone all the good work I did in building back up to a profitable place and now I'm down about $8k. I think I need to implement a rule to never buy during a bearish market.

In some more positive news I've been doing a bit of reading over on the investopedia site about the different methods used in technical analysis, mostly I've been using the Bollinger Bands, and the Parabolic SAR.

Related

1. Latest progress plus more...
2. Timing is Everything
3. Amazing what a couple of good trades can do
4. I really should also look at fundamentals
5. DAMN I SUCK

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