I am particularly trading Futures and learning forex. I trade with 0.01 lots and trying to achieve consistency.Hi Ahmer,
Maybe Forex trading is not for you then?
I agree it is very difficult but like anything that's good in life, it generally takes some dedication, commitment and a few hard times before it comes good. Most people don't have this dedication which is why the rate of those who lose money is so high.
As for yesterday's trades, I disagree. There were some great setups on the AUD pairs yesterday following the AUD news (which I predicted would be weak for the AUD) - AUD/CHF, EUR/AUD, EUR/CAD, GBP/CAD and CAD/CHF for instance - all in the directions I anticipated. I didn't see any good setups on the EUR/USD or USD/CHF.
However, for a Monday which can often be quiet, it was a really good start to the week.
- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>
When did you post AUD trades.
You were quite confident to buy EUR/USD and selling USD/CHF. Your weakness analysis of USD was the main reason for failure of both setups.
btw, You decreased the time period from 90 days to 60 days, I hope it will not come down to 30 days in future.
Last edited by a moderator: