*Official* Forex Trading thread.

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Mr.Canberra

Mr.Canberra

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Forex Trading Journey

lovesleeping1981 said:
Wtf! Power!!!
Click to expand...

Profit/Loss (Realised)
30/06/16 - 30/06/17: [2016 ROI 27.61%: S$4003.67]
31/07/17: S$1264.09
31/08/17: S$5806.60
18/09/17: S$2700.01
Click to expand...

My intention is not to hao lian but for friendly competition and share my journey.

My cut off month for computation is June as this is the month that I started electronic trading officially in 2016. Before that I punt physical cash at money changers. USD and CHF.

You can see the ROI for 2016 is quite modest as compared to Jul, Aug and Sep 2017. That is because I started standard lot punting from Jul 2017 onwards. Have traded with only mini lots previously.

This is the part that I did not include previously but have already offset from total profits. So that means without these losses my profit will be a little higher.

05/07/16: -S$317.75 (Forex GBP/USD, NZD/USD)
18/04/17: -S$795.44 (Forex GBP/USD)

Additional info for the nosey folks. Lifetime investment losses including Forex is close to S$20,000.

In the first 1-2 months it was a very nerve wrecking period because I was trying to figure out how margin trading works and at the same time learn all the trading fundamentals. Over time I slowly have a grasp and understand on the dos and don'ts.

In the beginning I was losing money because humji when see position drop to negative few hundred bucks I quickly cut loss. Only to see the position recover eventually over time. Can be days, weeks, months. Then I have a crazy idea. NO STOP LOSS. Try it and see how. And so here I am today typing this now. :s13:

Posting my trading performance is a good way for me to ownself check ownself. And most importantly posting out those losses is a good reminder to continue to ban myself from trading the cursed GBP! Pui pui pui! :D

Not trying to sound too preachy but I want to say this again. Capital preservation is the top priority. Gradual capital appreciation over time is better than one time windfall because you will get complacent with euphoria.
 
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Mr.Canberra

Mr.Canberra

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Mai Jump Lah!

xersion said:
Got any temple to recommend near bedok? After eat can jump
Click to expand...

lovesleeping1981 said:
If want to jump into water, better not eat beforehand. Last time we were taught not to eat before swimming as tummy will be painful. Haha.
Click to expand...

greedy0011.jpg


:s13:
 
Mr.Canberra

Mr.Canberra

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EUR/USD

Those who are thinking to long EUR/USD from 1.20 level better think thrice.

Once traders take profit the drop will be at least 100 pips.
 
Knight_Rider

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