Day Trading & Forex Forum

JDTRADER

Hi Guys

New to trading and tried a number of platforms.

Come to settle with OANDA trading on the FXGame account to see how I can do before loading cash.

Started yesterday taking the balance down from £100,000 to a more real balance £624.82 trading:

GBP/USD
EUR/GBP
AUD/JPY

I trade long on the GBP/USD and short on the EUR/GBP and jump in and out of AUD/JPY

Put up margin to 1:50 and trade 2% of balance per trade taking profits from £0.50p to £2+

Today at 15:42 Bal. £724.47 (+£99.65)

Will post everyday and welcome and comments

JDTRADER

Just thought I would add I am in LONDON UK and will be trading at all times as I work as a cabbie so will dip in when I can but will update this post daily

JDTRADER

To keep me on the Long & Shorts I took open positions at High & Low points on the GBP/USD & EUR/GBP

GBP/USD LONG 1.36981 @ 598 units Running +£5.23
EUR/GBP SHORT 0.94432 @ 635 units Running +£5.47

To re-enter I just wait to go long or short on each which acts as a hedge for each leaving me free to nick AUD/JPY on the rise and fall.

AT 16.55

JDTRADER

Just added USD/JPY to my spreads.

Logging off today at £766.85 up £142.03

JDTRADER

Off to work now and today upto £823.02 with 19 open positions all on Take Profit orders. No stop loss as I hope I have judged the market right and at the right end of the waves.

Will update Saturday Morning.

Hoggums

This, I promise, will be your downfall. You only need one bad judgment to wreck your game account.

__________________
Hoggums

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Outside of a dog, a book is a man's best friend,
inside of a dog, it's too dark to read. -- G Marx.

JDTRADER

Yeah I can see why you would say that, over the few demo platforms I have tried I have been burned leaving positions open. But that was down to poor judgement and not knowing what I was really doing or not fully understanding the platform I was using.

Oanda does not look the best but its great for having all you need on one screen plus being able to put charts on tabs giving you that multi screen feel. I find this site great for me who is not used to charts or in depth analysis.

So I had 19 open positions some on long term positions and others open to profit for the day. All went well I did not come home and find the Dollar drop to $1.30 and wipe me out lol.

End of trade Friday £871.37 so up £246.55.

Got my dates wrong Started Tue 20th Jan 2009 and here is a breakdown of the week:
Open Close P/L
Tue 20th - 624.82 635.35 +10.53
Wed 21st - 635.35 696.68 +61.33
Thu 22nd - 696.68 766.85 +70.17
Fri 23rd - 766.85 871.37 +104.52

Early days but not a losing day yet, I say yet as its gonna happen. Really enjoying Forex Trading and when I hit £2,000 in the Oanda FXGame I will load up the real account with £200 and try and spin it up.

Really interested in other traders views on Oanda plus AMC and CMC Markets. Plus any advice would be great.

Have a great weekend and looking forward to Monday

JDTRADER

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