Friday 4 August 2017

My Forex Trading Experiment - Week 1 Aug 2017

Week 1 Aug 2017

My Pepperstone Demo account is still functioning. Closed 2 profitable open trades before NFP tonight. 

Overall gain/loss on Pepperstone account  this week = $103.47, 1 loser and 2 winners
I opened an Orbex demo account in case Pepperstone demo account expires. Closed 2 profitable open trades before NFP tonight. This account does not show broker commissions. Gain should be lesser than $133.42 if include commissions. I will ignore commission fees for now.


The EURGBP losing trade could have been a winner but it hit my stop loss before going back up.

Overall Gain/Loss in both accounts for this week = $103.47 + $133.42 = $236.89

Lesson learnt - Some trades with lot size 0.15 are taking too many days for the trade to be over due to Stop Loss and Target Price too far from Execution Price. I may have to skip these trades next time.

Update: It was a right decision to lock in profits hours before Friday's NFP. USD strengthens against the currency pairs I was trading.

To be continued...

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