Moving average is still a very useful indicator though it is very basic and simple.
The red line in the picture below is moving average
Gold price increases suddenly and i am not aware of it due to i busy and have no time pay attention to euro debt news recently. To me, euro debt news like sea wave. It comes and it goes.
Since the price of gold has increased so much already, i don't want
Thursday, July 14, 2011
GBP/CAD trading strategy
I feel it is time i shall start writing to educate readers how to trade forex. Anyway, i am not an expert. What i wrote here is merely a suggestion. I am not responsible on profits or losses you made.
Look on the pictures above, you can see that i draw 2 trendlines. The one above is called resistance while the one below is called support.
I saw the price is near the edge of resistance line
Monday, July 11, 2011
40% return in six months time
Hi all, I get 40% return in six months time in forex market. However, it is virtual money.
Most of the profits I gain are from gold trading.
At the moment I suffer losses in EUR and GBP. However, I still can sustain the losses thus I didn't plan to make stop loss.
posted from Bloggeroid
Most of the profits I gain are from gold trading.
At the moment I suffer losses in EUR and GBP. However, I still can sustain the losses thus I didn't plan to make stop loss.
posted from Bloggeroid
Wednesday, July 6, 2011
Continue with XAU/USD trading
I have been busy recently thus not much updating my blog as well as trading forex.
However, it gives me chance to realize that it is unnecessary to monitor and trade forex every second every minute. It will be very stressful and no guarantee can make profit.
I make a buy stop on gold and it helps me get profits.
posted from Bloggeroid
However, it gives me chance to realize that it is unnecessary to monitor and trade forex every second every minute. It will be very stressful and no guarantee can make profit.
I make a buy stop on gold and it helps me get profits.
posted from Bloggeroid
Tuesday, May 31, 2011
Long term investment
Previously i can't login to TradeInterceptor after the app update. I thought it is due to my FXCM demo account expired. Later I found out I used wrong username and password to login. Thus I didnt monitor my trade for about a month time.
The last moment I login to FXCM via TradeInterceptor, my account suffer losses more than USD$15k due to sharp drop in gold and silver price. At that moment, I
The last moment I login to FXCM via TradeInterceptor, my account suffer losses more than USD$15k due to sharp drop in gold and silver price. At that moment, I
Wednesday, May 4, 2011
Terrible drop in Gold and silver price
Silver price continues to drop.
Gold price suddenly drop.
My account balance also drop :-(
Forex is really a risky trading due to its nature of high fluctuations
posted from Bloggeroid
Gold price suddenly drop.
My account balance also drop :-(
Forex is really a risky trading due to its nature of high fluctuations
posted from Bloggeroid
Tuesday, May 3, 2011
Silver price drops drastically
Silver price drops drastically after Comex increased the margin requirements for trading silver.
I suffer big losses in silver trading. It was my mistake. I shall not go against the news. I already read the news of margin increase on silver yet I continue to open new buy trade in hoping the silver price will bounce back.
Well, I have enough money in account to wait for silver to bounce back but
I suffer big losses in silver trading. It was my mistake. I shall not go against the news. I already read the news of margin increase on silver yet I continue to open new buy trade in hoping the silver price will bounce back.
Well, I have enough money in account to wait for silver to bounce back but
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