Wednesday, January 6

Forex Trading Day One

Forex Income

Invested an initial USD500 for this. Hopefully it will turn out to be a success, which i am sure it will be. For this week my mentor wanted be to start of small and get the feel of firing trades. So here i am! Firing at USD 0.01 per pip. 

Closed Transactions:
TicketOpen TimeTypeSizeItemPriceS / LT / PClose TimePriceCommissionTaxesPIPSProfit
201382692015.12.22 05:24:14balanceDeposit from FxUnited's wallet500.00
201382702015.12.22 05:24:14balanceDeposit Bonus150.00
202532742016.01.04 09:36:33buy0.01eurcadx1.51820.00001.52122016.01.04 10:06:441.52120.000.00300.21
202757112016.01.05 04:12:14sell0.01euraudx1.50170.00001.49972016.01.05 13:53:481.49970.000.00200.14
202858992016.01.05 12:08:26sell0.01audusdx0.71760.00000.71612016.01.05 14:54:390.71700.000.00150.06
202860832016.01.05 12:11:35sell0.01nzdusdx0.66960.00000.66812016.01.05 17:03:300.66810.000.00150.15
203002562016.01.06 02:44:12sell0.01nzdusdx0.66940.00000.66552016.01.06 03:45:260.66550.000.00390.39
Closed P/L:0.95
Open Trades:
TicketOpen TimeTypeSizeItemPriceS / LT / PPriceCommissionTaxesSwapProfit
202547162016.01.04 10:14:18buy0.01eurusdx1.09280.00001.09511.07600.000.000.00-1.68

Floating P/L:-1.68

Very good learning experience on the first day of trading. Entered into some buy and sell trades following the 3x21 and the D1 method. The auto T/P (take profit) function is cool. You can set the price you wish to close trade and it will auto close on your behalf. As can be seen, i had closed trade at around 20 to 30 pips gain.

What i did not do was to stop loss as can be seen from the pair of eur/usd. The trade totally reversed on me and it has fallen 168 pips against my way. This brings the total gain from previous 5 trades to nothing. I am currently still holding to this trade in hope the euro can pick up. 

So much for my first day of trade...

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