USDCHF Trade

Apr 14, 2008

Take Profit 1.0121 (110 pips)
BUY 1.0011
Stop Loss 0.9921 (90 pips)

WIN : 18 April 2008, 110 pips


<Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.

USDCAD Trade

Mar 20, 2008

SELL 1.0256
Take Profit 0.9826 (430 pips)

My stop loss was open when I placed the trade and this is basically a longer term trade. The current price is round about 1.0064 (192 pips) and I have locked in a stop loss at profit 100 pips.



WIN : 100 pips. Stop loss triggered at 1.0156.

Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.

What is Forex

The foreign exchange market, better known as FX or Forex, is the biggest and fatest growing financial market where currencies are traded. Trading of currency is done over the counter (OTC) from one major financial centre to another.

The Forex Market...

• is bigger than all the worlds stock markets combined? (2 Trillion a day)
• money traded in one day is more than the US government spends in a year?
• is open 24 hours a day - Sunday night through Friday night (EST)?
• is as simple as trading a maximum of 4 currency pairs compared to the complexity of 8,000 stocks listed on the major exchanges?
• requires no brokerage commissions?
• allows you to control $400,000 in the currency markets with only $1,000 out-of-pocket? Greater leverage on your capital.
• can, if optimized properly, produce higher returns monthly that what most banks and mutual funds offer annually?

So, what is so special about Forex when we compare against stock?

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Be sure to visit this site for updates of my personal trades, lessons learned and more...