I joined myfxbook a few weeks ago and decided it was time to make a thread here. This is going to be my trading journal. I try to make 2% daily, sometimes I make much more, sometimes I make less, I average around 2%.
Strategy is simple, I use Renko Charts to determine the trend and then I scalp.
Will try to update the thread with daily statistics on how my journey goes
The week started very brightly when more than 10% was made in a day. However, I got caught up in a trade and kept it open for a couple days while constantly monitoring it. It was the first time since trading this account that something like this has happened, it was very difficult and somehow I feel I got caught here because Kuroda spoke unscheduled. Despite that the account was never close to a margin call because of the risk management on the account and in the end the trades were closed with a 70 pip profit.
Last couple of days no trading was done due to the volatility of the market, it was very risky. Also on Monday more than 10% was made on the account and therefore the weekly target was already met so there was no need to take such risks.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.