Monday, December 10, 2012

Just Got on the Forex bandwagon in July- September. Opened an account with Phillips Futures and deposited SGD 3000. I made an initial loss of about SGD 1500 due to my lack of diligence and knowledge. I started with Technical analysis and fundamental trading with Investopedia and random web browsing led me to Forexlive It was a very adventurous start with stupid entries and exits from my trades. But I matured as time passed and money burned. I started to realise the importance of orderboards and the significance of technical trading. I started to learn how to hold certain losses and when to let go of the other losses I made. I realise that emotions can really mess up a trade that you have intentionally planned. Nowadays I am revisiting theories from technical analysis and applying them hand in hand with orderboards and Headlines. Though the market could already be discounted. I learn to squeeze a few pips out. I'm still trying to play with back to back orders that carries a risk of reversal trends. Army really prevents you from moving on with whatever you want to do in life. I will be out for the next 3 days and will be back on Friday night. I hope to get a good schedule. I have to rely on my sister to key in trades for me, for now. Xavier

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