When I first started trading the Forex market in 2008, I had no idea where to start. I have read many, many books, online articles and forums about trading and was looking for a trading system, that I could stick with.
A system, giving me clear signals, entry signals, but also exit signals. And a sound method to apply risk and money management easily. I have tested every different indicator like MACD, RSI, Momentum, Stochastics, Bollinger Bands, SAR and a few other, exotic indicators. I used them solely or in combination …
This hurts. This realy hurts…
Well, the first month on my new trading account is over. I have tested new instruments that I can trade on, mainly CFDs on the German Bund future (German Bonds), the DAX index future and E-Mini S&P 500. It’s something totaly different trading on a “real” money account instead on a cent account. Last one is real money, too. But you can scale your positions much better.
I have started my account with 350,00 EUR and after some losses, I also made some profits this month. …
No, this blog is not dead, yet
Well, where shall I start to explain why I didn’t make any updates for nearly 2 months? Again, you guess, I have been very busy with different things. I got involved into a new online-project which costs me a lot of time. And beside that external project, I have to maintain and update my own website(s) – and still find some time for trading and programming the Point & Figure indicator – not forgot to answer all of your questions I receive from …
The last month increased my trading account by $65, which equals more than 31%. The current balance of my $100 to $100,000 challenge is $270. Still a lot ahead, but the first milestone has been reached, which was $250.
After 5 months of trading, the account has grown by 170%. That’s an average of 21.98% per month. Should I be able to keep this performance, I would reach $1,000 in 6 1/2 months, $10,000 in 18 months and $100,000 in 30 months. But I wouldn’t bet on it The …
The last month ended with a plus of $25, which equals 13.89%. So my current account balance is $205 now. That’s a 105% profit in less than 5 months.
I could enhace the Point & Figure indicator during the last month, too. At the moment I am implementing a real time based chart creation. So the chart will be updated with every tick instead of after the close of a bar. But this leads to some problems:
It’s not possible to access tick data in Metatrader, so I have to build the …