Diary of a successful forex trader( Trade journal now inclusive)

 

Trading forex has been a desire to many people to earn huge profit and become rich. Though most people inputed so much effort and dedication to get to the peak of their desire but its always ironical that most found themselves falling to the abyss because they are getting it all wrong. So we would all agree that it is easy to trade forex but quite difficult to become a forex trader. Maybe I should say that to trade forex is simple but forex-trading is never simple but requires assiduity. I would like to share to us some simple and open secrets, not on earning huge profit in a short time of trading forex but on how to avoid falling into the "forex abyss" before climbing up. After this, i would also share with us how to make consistent profit without emotional fear of trading forex but the former is very important and would go a long way to help achieve the latter easily. I could bet to you that if a trader is so lucky to never fall into the "forex abyss", such trader is half close to becoming a successful forex trader because most people lost all hope of ever climbing out of the abyss. Even most of the few that were able to develop courage to do so still make the same mistakes all over, and some would be on the right track to climb but become too earger to do so and would easily fall back. To avoid falling into the forex abyss you must acquire through a discipline and dedicated mind, a good money management and good trading skill. Having these two would be the basic survival tool you need in forex but the problem most trader have is the discipline and emotional stability required in trading forex. More of this could be found on my blog @rasaqsnotes . blogspot . com

 

Trade journal

My blog is only meant for some technical side of my diary but every trade journal would be made available real time here as well as in the blog. Happy trading.

 

Already in a GU buy trade since midnight gmt at 1.5877(This trade is based on volume spread analysis/channel trendline/supports). Sl 15777:Tp 15977

 

Already had a sell limit hit at 1.6000 (sl 1.6100:tp1 1.5920: tp2 1.5830)

 

Almost got hit on SL(1.6100) when price reached 1.6094 at the upper trendline of downward channel at weekly pivot.

Now let the trade run till 1.5830 before we think of any BUY

Final short term target is 1.5700, which is possible mid next week.

Account is still 5% up after first trade, lets see how this second works.

Reason: