Trading Day 2 open — Balance: $422.56 In the 90-80% MM class 100-90% class: $470-423.03 What happens today? Hehe today will be a very exciting day! I expect very big moves because the Greek parliament will vote on the new austerity (read more ...

My trip from amateur to proficient forex trader

Trading Day 1 close — Balance: $422.56 Loss/win: -19.48 My first real day in forex was a lose My problem was that I believe that the market was going down but it continued to go up. I was too bearish and it led to many problems. I am very ...

My trip from amateur to proficient forex trader

Hehe thanks =D A little update: Not going really good, at $424 and 1 more dollar and will need to go down to 90-80% class in my MM strategy. But a funny thing is that I don fell anything! I am only feeling a small irritation because I need to go ...

My trip from amateur to proficient forex trader

Trading Day 1 open — Balance: $442.04 Next MM class: $423.03 (D $19.01) What happens today? Looks like the eur/usd is in a short down trend I thing till will continue until 16.00 GMT when the “CB Consumer Confidence” comes out. How I’m feeling ...

My trip from amateur to proficient forex trader

My trading system Goal: • Have many opportunities and have good R/R • Follow the KISS rule! Time frame Use daily to get the most important S/R. Use the 30min to understand the current market condition and get the less important S/R. Use 1min and ...

My trip from amateur to proficient forex trader

Trading plan Me and my goals Why do I want to be a trader? I love the Intelligence challenge and I want to see if I can handle it. As a student I don’t have nothing to lose and I have the possibility to devote every hour of every day to forex, the ...

My trip from amateur to proficient forex trader

what the news?

EURUSD

Hallo now I have read the whole “Trading in the zone” and I am very, very happy that I have read it now, before I start trading. Because I never have traded for real I think I it make it very easy for me to adapt to the five fundamental rules. 1. ...

My trip from amateur to proficient forex trader

Trading in the zone: chapter eight — At the most fundamental level, the market is simply a series of up and down tics that form patterns. Technical analysis defines these patterns as edges. Any particular pattern defined as an edge is simply ...

My trip from amateur to proficient forex trader

Trading in the zone: chapter seven — This chapter is about probability and how it effect trading. Casinos make consistent profits day after day and year after year, facilitating an event that has a purely random outcome. At the same time, most ...

My trip from amateur to proficient forex trader

Trading in the zone: chapter six — Let’s summarize chapter six! If there is such a thing as a secret to the nature of trading, this is it: At the very core of one's ability 1) to trade without fear or overconfidence, 2) perceive what the ...

My trip from amateur to proficient forex trader

Trading in the zone: chapter five — Very abstract chapter this was! Not much information about trading instead a explaining of how the mind and association works. I will not get into the philosophy but I love the scenario in the end of this ...

My trip from amateur to proficient forex trader

Trading in the zone: chapter four — As the last chapter end, the next beings. My words of wisdom =P Let begin with seeing what separates a good trader from a bad. The think that separates the best traders from everyone else is not what they do ...

My trip from amateur to proficient forex trader

Trading in the zone: chapter three — Ohh this is a long and painful chapter =P but lets begin! Chapter three is about explaining what responsibility really means and trying to get to the core what a bad trader does wrong. This chapter really ...

My trip from amateur to proficient forex trader

Trading in the zone: chapter two — Chapter two really get me thinking! Forex is place with unlimited possibilities and unlimited freedom to creative expression. A place without any roles and you can in principle do anything you want. This ...

My trip from amateur to proficient forex trader

Trading in the zone: chapter one — I am into the first chapter of this trading classic “trading in the zone” by mark douglas. In his book he explained the idea he call “reality gap” or “what should be” and “what is”. He states that a technical ...

My trip from amateur to proficient forex trader

Hallo, new day and even more opportunities to learning forex. For you that wonder when I will start to trade; I will start next week. This week I will prepare for the big day by making a system and learn what a good trader is and how I can become ...

My trip from amateur to proficient forex trader

hallo fido, because this dream is long away I haven’t really thought about that we only have 21 trading days. But something I know is the Swedish tax system. It’s very nice system; very capital friendly because you only pay the “Kapitalvinstskatt” ...

My trip from amateur to proficient forex trader

It midnight and I am doing same research and I have found 4 books I will focus all my attention on. The first is “Against the Gods: The Remarkable Story of Risk” I think this will give excellent idea about making a good MM. Next book is “Trading in ...

My trip from amateur to proficient forex trader

My friend, I live in Sweden and I have done it past 12 years. I do know how much things cost up here and $200 is 26 754kr after taxes. For one person spending all money on consumption…. You can live a good life with that cash flow. But I don’t dream ...

My trip from amateur to proficient forex trader