Hi all traders! Like most of us on this forum, I have embarked on the forex journey. A little bit more about myself, I was introduced to forex by a friend and played with it a little about 3 years ago. Was really busy and I didnt get to explore much more about it. Having been more free recently, I have decided to try again.
The purpose of this thread is for me to track my trades and also to be able to obtain opinion and feedback from fellow traders. I will be honest, I am not good at this yet but I am willing to learn.
I trade whenever I can and monitor as much as I can. I look at 4 hour charts and use 3 different SMAs(5,10,20) respectively. I draw support and resistance lines to give me an understanding of possible market direction.
I stick strictly with my risk management rules which is to never risk more than 2% of my account in any trade. I have read a lot about minimizing losses and letting profits run so, I will be trying them out in my trades.
Will post some charts on the currencies im currently looking at soon. Thanks=)
The purpose of this thread is for me to track my trades and also to be able to obtain opinion and feedback from fellow traders. I will be honest, I am not good at this yet but I am willing to learn.
I trade whenever I can and monitor as much as I can. I look at 4 hour charts and use 3 different SMAs(5,10,20) respectively. I draw support and resistance lines to give me an understanding of possible market direction.
I stick strictly with my risk management rules which is to never risk more than 2% of my account in any trade. I have read a lot about minimizing losses and letting profits run so, I will be trying them out in my trades.
Will post some charts on the currencies im currently looking at soon. Thanks=)