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

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

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

Thursday, April 28, 2011

Gold price continue to rise

Seeing the growth if money in the account, I really hope the FXCM account which I am playing now is a live account instead of practice account.

I am earning a lot betting on gold price continues yo rise.

Anyway, I do not play large lot as previous lesson ( real money USD$3000) taught me not be too greedy. I need play safe.





posted from Bloggeroid

Tuesday, April 26, 2011

Gold and silver price fall slightly

Both gold and silver have jumped to history high price last 2 days and fall down slightly.

When I saw its price is going down and caused me losses(I bought in near the highest price), I open pending buy limit.

And now, the gain I get from the buy limit order managed to cover the loses ftom buy order near highest gold price.







posted from Bloggeroid

Thursday, April 21, 2011

GBP/USD rise from 1.63 to 1.65

it takes about 14 days for me to reap profits on buying GBP/USD

i didn't put stoploss on the trade i open, but if the loss is over $200,i will recheck the trend, if there is no way for the trade to make profit, i will close the trade to avoid further losses.






posted from Bloggeroid

Wednesday, April 20, 2011

Gold rises above $1500 an ounce

Gold price continues to rise as more demand on it as a stable investment.



posted from Bloggeroid