Wednesday, May 18, 2016

Day 1 - Live on Forex - The Experiment

I tried Forex before. I forgot the date. I was disappointed because I lost $100. To think that $100 was from $10. That's right. I grew $10 to $100 in less than a month. I'll need to check where I blogged that old experiment before.

Anyways, I want to try again. I did try it yesterday. I deposited $7 grew it to $10 then lost. My balance this morning was $0.22. I kinda felt addicted or wanted to regain the capital I put in. So yes, I deposited again but only for $6.

From yesterdays experience. I decided that I should take profit between 30 to 50 pips and stop loss at 200 pips. Made my first 2 trades a while ago and my $6.22 became $8.99.

I made another trade hoping it to be my last today. I'm still waiting on what will happen. Bought EUR/USD at $1.12278 hoping to take profit at $1.12330 and hopefully not to take a loss at $1.12000.