Weekly Forex Trading Report

This week, I end up winning USD12 in pure profits trading forex via FxOpen. With initial deposite of USD15 into my new micro account via Liberty Reserve, I have another USD15 to fight in order to break-even and keep my account clean. I was trading the unknown strategy based on my own perception about the market (market sentiment).

After sometime, I manage to go highest in my weekly trading for as high as USD50 in my trading account, with pure profits of USD20. I was trading the USD/JPY pair with the trading strategy based on Babypips trading strategy (Trade of the day) which is very profitable. I manage to take profits around USD12 with Babypips.

However, I start losing the trade after that, which turn me back to break-even point. Slowly, I start to lose the trade. Just before the market close, I manage to make some profits and close the trading session for this week at USD42 with pure profits of USD12.

Babypips Trade Idea

I was trading the signal from Babypips blog, Trade Of The Day. According to the author, USD/JPY pair is bearish. So, the idea is to sell the pair somewhere around 92.00 and take profits around 100 pips. However, I choose to take profits below 100 pips, just to be save. I'm trading the real account with FxOpen and so far, things are going good.

My Forex Trading Style

I was waiting for the trade update from Babypips. Trade of the day is my favorite Babypips blog and the track record is clean. Babypips is a cool forex guide for newbie.

Personally, I choose FxOpen broker to trade forex. I prefer to depose fund via Liberty Reserve and make payment through Evogate. This is not the first time I trade forex. The first season is over and I end up blowing my own account.

I trade GBP/USD, USD/JPY, and EUR/USD pair only. I need to focus on these 3 pairs before I trade the other pair. I do the day trading because I work from 9 to 5 daily and don't have the time to do the trading during my working hours.

Usually, I set the take profit target when I make a trade. With moving average indicator alone, using 14 moving average, I make decision (by default 4H time frame). However, I still observe other time frame before I make any trade.

Forex Accumulator Review

Forex Accumulator is a trading robot (in a no-nonsense explanation, Forex Accumulator do the trading for you). We all know that forex market is very volatile, which mean you can make a lot of money very quickly, or lose your hard earned money very fast.

Most people trade forex to make a lot of money, so am I. Now, what can you do with Forex Accumulator? Basically, Forex Accumulator capture profitable trade automatically and deliver profits to you. I don't know how cool is Forex Accumulator so far, but it's easier to try it out first.

I'll give it a try, but not now.

Why Choose FxOpen Broker?

Internet heritage can make money trading forex for real. But first, broker selection is very important. So, I choose FxOpen broker. It suit my needs. I can start my live trading for as low as USD1 plus bonus for first time deposit of USD1 for Micro account. However, the total of available fund in my account will be USD1.85, due to deduction fee from Liberty Reserve (because I choose to depose fund via Liberty Reserve).

Note: Treat forex as your business, not another gambling game.

The Return Of Forex Trading

Forex trading is back into my excitement. The idea of working from 8-5 is not cool. Since my existing forex account was inactive for a period of time, I dropped it. I start a new cycle with FxOpen broker. This broker offer a new trader with Micro and Standard account, so I choose to play the small game (micro account).

Note: I highly recommend FxOpen broker to trade forex.

But first, you have to understand the risk of forex trading. The risk is, you'll make money or you'll lose your investment. That's all. You will not end up with any debt, unless you borrow money as your initial deposit.

So, I sign up with Liberty Reserve to manage my forex account. It's easier to handle it this way. Electronic currency is very flexible to make online transaction. Now, I'm ready to go!!!

P/s: Don't forget to sign up with FxOpen!