So far, my profit account stands at $424.94. I did two transfers of $200 each on 5th and 6th August. There was not much action in the forex market on Friday, thus no profit was transferred. Hopefully, today I will be able to bring in $400 in profits to cover up for Friday.
In the meanwhile, I have put my profit account to work. Almost 5% ROI so far. I think I will set a takeprofit before going to sleep. And by the way, this does not counts towards the daily target. This is just some extra motivation.
Quite early in the morning here in Pakistan. As promised, below are my open positions and some buy/sell limits. I am going to be up for another hour or so & will be reading market happenings.
Not much movements in the market. Around $100 in profit so far. I will call it a day. Below are the winning trades so far.
I will post open positions on early Monday morning once market opens.
Another day in the bear market. Another $200 earned & transferred. Below are the trades:
Most of the profit came from shorting EUR and XAU. Below is a list of trades that earned me today’s profits:
Fast forward 11 days. Family & work has kept me busy. I didn’t trade much during the last 10 days. I have been reading news & analysis a lot lately to keep myself updated on the latest happenings in the forex world.
First Day Analysis:
EUR/USD: All signs point to a bear market.
XAU: Also in a bearish trend.
USD: Depending on the upcoming job market report & NFP due on 7th August, I think US will increase interest rates by September, 2015. This will keep pressure on all other currencies & strengthen USD.
Target: USD 200/= for the day!
First things first!
I deposited USD 10,000/= with Pepperstone, which was made through a wire transfer. After deduction of bank charges, Pepperstone funded my account with USD 9972/=. Before I even started, I was in a loss of USD 38/=. That’s not good, right?
I immediately transferred USD 5000/= to another account. I didn’t wanted to risk it all in one single account. For now, I will just sit on those funds. Maybe, a trade or two every now and then. But nothing major. This is going to be my safety net.
24th July, 2015.