Hi,
My name is Jason and I would like to begin a journal here in order for me to learn how to trade successfully. It could also help any new individuals to see this and learn from my errors as a newbie as well.
I have been looking into Foreign Exchange for approximately 6 months. I demonion exchanged for about 3 or so and started trading live two months ago. Inside this journal for the time being that I will just be trading $1 miniature lots in a mini account. I am doing so because I've already lost an account because of me thinking I knew precisely what I was doing in demonion then realizing the hard way that trading live is a completely different animal. Then why am I still live trading? you ask. Well its a plogical matter with me that I can't take demo seriously since I know the money isn't real. I feel if I exchange miniature I could learn and my loss can easily be replenished out of a paycheck out of my day job. Of course my day job blows that is the reason I am here as I am sure many of you are. Currently, I could only really trade in the evenings during the oriental session here on the east shore. But in the next few months I plan on shooting on the graveyard shift at work so that I can exchange 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 opinion of where I think the market is moving and out of techniques I am learning from joining the James16group here at the mill. As far as indiors I am using some price action and also the shi channel that gives me an idea of how the market is moving. I welcome any comments positive or negative as it will help me understand and I can guarantee you that I am nowhere near a pro so I won't be offended.