Losing is an inseparable part of the trading game. This week was not kind for us. We lost -234 pips. This is exactly why money management is of the utmost importance. We discuss dealing with losses in this post: Let’s talk about losses. The up to date weekly Forex trading results since the start of … [Read more…]
Our signal was not triggered today and we made no trades.
+37.73% Profit Made since June 1, 2014 in the Plain Forex Trade Copier Real Account. +$538 Profit in 3 months for the account size of $1,426. As the name implies, Plain Forex Trade Copier copies our EXACT TRADES into your MT4 account… The Second Those Trades Are Made. If you were a member of Plain … [Read more…]
The total trading result for this week is +36 pips of profit. Prices of major currency pairs spent the most part of this week going sideways in trading ranges with low volatility. If you are new to trading and wondering why everybody keeps talking about the volatility, please read my answer to this question posted … [Read more…]
USDJPY price ran up on the news triggering our stop-loss orders (see previous posts):
Our short USDJPY trade opened yesterday has reached its first profit target this morning for the profit of +19 pips (see the previous post). We are still holding 2 more units with stop-loss orders set at the break even price of 103.79.
The remaining 2 units of AUDUSD were stopped out at break even at 0.9331: We shorted USDJPY today: From: Dave Hughe <plainfx@gmail.com> Date: Wed, Aug 27, 2014 at 7:38 AM Subject: August 27 To: USDJPY Sell 103.799 SL 104.17 P1= 103.61 P2= 103.51
Our AUDUSD buy signal was triggered at night and reached the Profit Target #1 so far: From: Dave Hughe <plainfx@gmail.com> Date: Tue, Aug 26, 2014 at 11:08 AM Subject: New order To: AUDUSD Buy 0.9330 SL 0.9289 P1= 0.9347 P2= 0.9357 The first unit was closed at 0.9347 realizing +17 pips of profit. We are … [Read more…]
Answer by Dave Hughe: Contrary to what many people believe, almost anyone can make a living off trading online. But only after they master the trading psychology and achieve necessary levels of knowledge, skills, discipline and funds. Lacking in any of the things above will lead to failure. Can I make a living off trading … [Read more…]
Our AUDUSD buy signal was not triggered on Monday.