Recent content by Bluedog

For me its all about risk management. It took me over 4 years to be successful with forex, which involved a lot of learning and losses! I started in 2013 part time then full time in 2017. I only hold a small amount of capital in my trading account and do not take big risks. I am very patience...

Hi, I am a trader from NZ and I believe you can use an NZ Forex broker from Australia which offer leverage up to 500:1. I use Blackbull brokers In NZ. Might be worth your time to check them out.

That sounds like a sensible plan Nowler. Trading for a living is hard work but is a great lifestyle (if that's what you want to do and have the skills, resources, mindset etc. to do it)

Hi FXX, not sure if this is helpful or not but if or when you decide to trade full time, you need the support of your wife. You need to discuss topics like : how can she best support you, your hours of work, agree to a budget, a backup plan if things go wrong etc. I have done this and believe me...

From what I have read, the new ban on foreign buyers could have a small impact on new house building projects as NZ lacks capital for investment, and its risky for companies to under take building projects as the bankers often require presales which often come from foreign buyers. It will be...

Hi FXX, good to see you are still posting. It took me a while to workout how to swinger trade successful. Since I have been trading full time, I use all methods to trade, but mostly prefer short term trades on time frames from 1 min to a few days. For example I was in and out of the AUD/USD...

In my first few years of trading, I had to top up my account balance a number of times before I finally became profitable consistently. Although I was right in my trades around 90% of the time, I still was losing money as my losses were larger than my profits. When I fix this issue by using...

AUD data Shorted the AUD against USD just after the Consumer Price data came out at 1.30pm (NZ time) when it shot upwards then dropped nicely. Sold at 74.41 and brought at 74.01 (3 full contracts). Had an set a limit of 40 pts so closed out automatically. Got this one right! I use IG markets...

Trading approach Hi FXX I trade what I believe (right now) based on what the markets are doing and follow all the usual processes to reach a decision. When I get the process right, then I make some money. I have developed my own style of trading that works for me through trial and error ( I am...

Hi FXX, i have enjoyed reading your trading journal. I find it interesting to read how other traders operate and what their thoughts/opinions are. I have been trading FX for over 5 years now, last two basically full time. Its a challenge for sure! All the best and keep posting (if u can).

Hi all from New Zealand,my named is Glen. I am here to learn and share ideas with other FX traders. I have been trading for about 5 years as a retail trader.