Hello all,
My name is Jason and I would like to start a journal here in order for me to learn to trade successfully. It may also help any new people to read this and learn from my mistakes as a newbie as well.
I have been looking into forex for about 6 months. I demo traded for about 3 or so and began trading live 2 months ago. In this journal for the time being I will only be trading $1 mini lots in a mini account. I am doing this because I have already lost an account due to me thinking I knew exactly what I was doing in demo then realizing the hard way that trading live is a whole different animal. Then why am I still live trading? you ask. Well its a psychological thing with me that I can't take demo seriously because I know the money is not real. I feel if I trade mini I can learn and my loss can easily be replenished from a paycheck from my day job. Of course my day job blows which is why I am here as I am sure many of you are. Currently, I can only really trade in the evenings during the asian session here on the east coast. But in the next few weeks I plan on taking on the graveyard shift at work so I can trade the US session as I feel there is more movement with london overlapping New York in the morning.
My trades will be based on my own ideas and sentiment of where I think the market is going and from techniques I am learning from joining the James16group here at the factory. As far as indicators I am using some price action and also the shi channel which gives me an idea of how the market is moving. I welcome any comments positive or negative as it will help me learn and I can assure you that I am nowhere near a pro so I will not be offended.
My name is Jason and I would like to start a journal here in order for me to learn to trade successfully. It may also help any new people to read this and learn from my mistakes as a newbie as well.
I have been looking into forex for about 6 months. I demo traded for about 3 or so and began trading live 2 months ago. In this journal for the time being I will only be trading $1 mini lots in a mini account. I am doing this because I have already lost an account due to me thinking I knew exactly what I was doing in demo then realizing the hard way that trading live is a whole different animal. Then why am I still live trading? you ask. Well its a psychological thing with me that I can't take demo seriously because I know the money is not real. I feel if I trade mini I can learn and my loss can easily be replenished from a paycheck from my day job. Of course my day job blows which is why I am here as I am sure many of you are. Currently, I can only really trade in the evenings during the asian session here on the east coast. But in the next few weeks I plan on taking on the graveyard shift at work so I can trade the US session as I feel there is more movement with london overlapping New York in the morning.
My trades will be based on my own ideas and sentiment of where I think the market is going and from techniques I am learning from joining the James16group here at the factory. As far as indicators I am using some price action and also the shi channel which gives me an idea of how the market is moving. I welcome any comments positive or negative as it will help me learn and I can assure you that I am nowhere near a pro so I will not be offended.
