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TRADER's Journal

Why Do I Trade Forex?
I started trading Forex as a hobby and a on a part time basis for a little extra income/play money but I would like to start trading full time maybe a little further down the road.
Trading Experience
0-2 Years
Best Trade of the Day and Why
Short GBP/JPY 5K 131.036 - 129.908 for about 128 pips
Worst Trades and Why
Long GBP/JPY 5K 124.467 - 123.266 --
This trade was back in January this was going to be my very first Long term trade, all indicators showed that the market was going to move up which it did for about 50 pips and then in a blink of an eye turned and dropped down about 200+ pips in less than 1 sec…. I had just walked away from my computer before I could get back I had lost the 50pips plus the 100+ pip stop…. I heard allot of people lost that day on that one.
What I look at when I trade FX
Slow Stochastic, Moving Average, Parabolic SAR, Elliot Wave, Economic News Releases, Fundamental Analysis (News)
What are my favorite currency pairs
USD/JPY, GBP/USD, AUD/USD, EUR/JPY, AUD/JPY, GBP/JPY
Why do I trade my Favorite currency pairs?
I seem to do better in these pairs really not sure why I have tried EUR/USD but have not got a grasp of that pair as of today.
What Type of Trader am I?
Long Term Trader, Short Term Trader, Range Trader, Breakout Trader
What do I risk on a trade
No more than 5% of account balance.
What are your Favorite Financial Sites?
www.fxcm.com
www.bloomberg.com
www.reuters.com
www.marketwatch.com
www.fxstreet.com
www.forextv

TRADER's Plan

Future currency pairs I want to look into
EUR/USD - USD/CAD
New Indicators I want to Learn
Elliot Wave
Type of Trader I am prone to be
Long Term Trader, Short Term Trader, Range Trader, Breakout Trader
Future amount (in lots) I will Risk per Trader
10K
Future books / websites to further my FX education
www.fxcm.com
Forex for me (dummies)

About Me

  • About fxmicroman
    Occupation
    Network Administrator
    Where I live
    Alvin, Texas
    Hobbies
    Scuba Diving, Gaming, Texas Holdem Poker, Cooking
  • TRADER's Journal
    Why Do I Trade Forex?
    I started trading Forex as a hobby and a on a part time basis for a little extra income/play money but I would like to start trading full time maybe a little further down the road.
    Trading Experience
    0-2 Years
    Best Trade of the Day and Why
    Short GBP/JPY 5K 131.036 - 129.908 for about 128 pips
    Worst Trades and Why
    Long GBP/JPY 5K 124.467 - 123.266 --
    This trade was back in January this was going to be my very first Long term trade, all indicators showed that the market was going to move up which it did for about 50 pips and then in a blink of an eye turned and dropped down about 200+ pips in less than 1 sec…. I had just walked away from my computer before I could get back I had lost the 50pips plus the 100+ pip stop…. I heard allot of people lost that day on that one.
    What I look at when I trade FX
    Slow Stochastic, Moving Average, Parabolic SAR, Elliot Wave, Economic News Releases, Fundamental Analysis (News)
    What are my favorite currency pairs
    USD/JPY, GBP/USD, AUD/USD, EUR/JPY, AUD/JPY, GBP/JPY
    Why do I trade my Favorite currency pairs?
    I seem to do better in these pairs really not sure why I have tried EUR/USD but have not got a grasp of that pair as of today.
    What Type of Trader am I?
    Long Term Trader, Short Term Trader, Range Trader, Breakout Trader
    What do I risk on a trade
    No more than 5% of account balance.
    What are your Favorite Financial Sites?
    www.fxcm.com
    www.bloomberg.com
    www.reuters.com
    www.marketwatch.com
    www.fxstreet.com
    www.forextv
  • TRADER's Plan
    For future trades, please fill out this information
    Future currency pairs I want to look into
    EUR/USD - USD/CAD
    New Indicators I want to Learn
    Elliot Wave
    Type of Trader I am prone to be
    Long Term Trader, Short Term Trader, Range Trader, Breakout Trader
    Future amount (in lots) I will Risk per Trader
    10K
    Future books / websites to further my FX education
    www.fxcm.com
    Forex for me (dummies)
  • Signature
    Don't be afraid of the space between your dreams and reality If you can dream it, you can make it so

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  • Last Activity: Today 02:09 PM
  • Join Date: 09-28-2009
  • Referrals: 0

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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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