Forex Training For Competition

Simple system win. I'm testing my trading strategy for the next coming
competition organized by Instaforex broker. I manage to make profits
consistently for the whole week. The only indicator that I used is a simple
20 period moving average. Maximum take profits level is 25 pips, and
10 pips minimum.

There is no stop lost. I've put out the losing trade manually.
So, I trade the range instead of trading the trend. So far, I've lost two trades.
Started with USD 1000 cents initial deposit, I manage to grow it up to
USD 3000++ cents in one week. So, if I'm using the standard account,
that's 3000 USD in one week, which is a huge profits for retail investor
like me. I'll try to keep it up.

Learn to trade like a pro, http://www.babypips.com

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Out of Control

My forex demo account this week is out of control. Losing the trade
is the price I have to pay for not having the stop lost. Now I realize that
a winner must be able to take lost. In fact, winner is the loser who never
quit (this is true at some point). Luckily, it is not my real account. The price
movement is very unstable this time, so there is no clear indicator that show
me where the price is moving. That is what forex trading is all about. Timing
to enter and exit is the most important agenda for retail investor. Will have the
rest of my day in this week to train myself to trade effectively.

Learn to trade like a pro at BabyPips.com it's FREE.

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The Best Trading Strategy

Trading our own strategy is the best thing in forex. Jumping in to BabyPips.com website to find out the trade idea for this week end up with a blog named, Pick Of The Day. The trade idea is to short USD/JPY at 92.00 and take profits around 100+ pips. Unfortunately, the pair went up for more than 100 pips, which make this trade failed. The properties of this pair might been changed for the beginning of this year due to economic slowdown. So, I stay up with my favourite pairs, EUR/USD and GBP/USD.

For the beginning of this week, the trend for 30M time frame is very uncertain. However, by the end of the week, the medium trend at 30M is growing up. I'm losing too much trading USD/JPY for this week, luckly ... I'm playing with Demo. So, I can conclude that I must stick to my own trading strategy no matter what happen. My trading strategy is a combination of KuasaForex and 20MA technical indicator.

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