Well, yesterday’s close was a bit higher than what I posted earlier in the afternoon, at 1,256.
Now, still in line with margin and initial capital, nothing stops you from starting slowly, if your initial capital is small. I just finished my calculations and here are the latest best performers :
So, you can see that we’ve got top performers like gbpchf, eurjpy, gbpaud, etc. You could start with only one pair with an active EA. All you need to do is to uncheck “Allow live trading” for all the other pairs. To do this, right click on a pair, select Expert Advisors, Properties and the Common tab. This way, you’ll be limited to one active pair (but keep all pairs active in your observation platforms).
Or if you prefer, you can check “Ask manual confirmation” and each time there’s a signal, you analyse the situation and decide to go ahead or not.
I love Saturdays but hate the fact that there’s no trading. Have you figured out by now that I’m a trading addict ?? But no trading is a good thing, really, because I get some time to do some calculations, analysis, etc. I just love trading - specially weeks like we’ve just had with a lot of action.
I remember back about 3 years ago, I was following some live webinar (was the first time I saw that word that day) on trading but this was with securities. I was trading these at the time, more specifically the energy stocks, and anyway at the end of the webinar, someone mentioned forex and the presenter said something like “Forex, wow yeah that’s where the real action is going to be”. I had no idea what he was talking about as I didn’t know what forex was.
Well that was the end of my stock trading years. I immediately totally fell in love with forex. And haven’t stopped ever since. And I’m glad I did what with all the stock market crashing we just went through – and it doesn’t look over anytime soon. With forex, this is what I explain to friends, there’s no “crashing” possible because when one pair goes down, the other goes up. You just need to be in the right direction. What’s “bad” with forex is when nothing much happens. And you better be on your toes when mega trending starts because you won’t believe the numbers on the right of your screen, things like +1000 pips for one single pair (I remember back last June, I think, GBPJPY rendering this much in one single trade within less than a week !).
Anyway, I’m happy you found this blog and are reading this because I feel a kinship (or something like that) with other traders. We’re a special bunch, I’ll tell ya! I can’t even imagine someone not being interested in trading forex. My friends aren’t – although they’re interested in the fact that “it pays pretty impressive sums” (even though I don’t disclose specific numbers) but they know I’m making a good living without needing to have a job in some office like them. It does require some work and analysis and time, but when it’s your passion, it doesn’t matter. One of my friends has a Registered Retirement Savings Plan and doesn’t even know what exactly he’s invested in. He took some mutual funds without much interest in who they are or what they do, and that’s that. And he just “hopes” it’ll go well. Jeeze I can understand that not everyone is passionate about money, but most of my friends are like him – they kinda don’t really “want to know the details”. I guess that’s why mutual funds exist – by the way, I hate mutual funds. Maybe some time I’ll get into the details of why. But basically, they exist because my friends and people like them exist. Because if everyone was interested in their own investments, one thing is for sure, mutual funds wouldn’t exist in such large numbers. When I was trading stocks, I constantly outdid them year after year sheeeeeesh, by 50% even, without even doing much more than monthly analysis then “buy and hold” or holding some index funds (which simply track a given index or sector).
It’s raining here. A nice little spring drizzle. OK, I’m off to do some more analysis – be back later.
