account info:
1:400 leverage
starting balance- 250
strat- basic price action, with custom indicators signaling trend
(no fundamental analysis used as of yet, soon to be implemented)
markets traded- gbpusd & usdchf
*no counter-trend trades or trading in ranging market*
price action- basic support/resist trading
custom indicator- compilation of mainstream indicators (cci, rsi,
adx, moving averages, pivots, etc)
many profiles used: overview, etc... mostly 30 min charts with
5 min chart for entry exit
trading hours- ~1am-3pm -6gmt (note I go to school from
5am-12:30pm but I still make trades or watch fx as much as I
can as my school has wifi and I bring my laptop)
platform- mt4
money management: simple use of excel &
basic moneymagement rules, however more risk than conventional 2,3% risk trade is used
pyschological mindset- think of trading as a game (easy as I am demo'ing, but trying to reinforce when I make the move to live forex trading), trade in the same location, mindset, etc... or rather be in mood when trades were successful
trader info:
new to forex demo trading for 2 weeks (getting familiar with trading platform and forex trading)
total time studying forex- ~1month+
demo trading- 2 weeks
demo trading with newly implemented strat- Since monday 10.10.05
age- 18
objective:
Become a proficient trader, trading part time (school) so I do not have to get a normal mundane part time job
Which would work out nicely as I can trade wherever I can get an internet connection, and basically im at school or at home during times I trade. This means I can trade, do my homework/study all from home/school, hell that is what I do now demo trading reading or typing up something on word and change windows between that and mt4
------------------------------------------------------------------------------------
1:400 leverage
starting balance- 250
strat- basic price action, with custom indicators signaling trend
(no fundamental analysis used as of yet, soon to be implemented)
markets traded- gbpusd & usdchf
*no counter-trend trades or trading in ranging market*
price action- basic support/resist trading
custom indicator- compilation of mainstream indicators (cci, rsi,
adx, moving averages, pivots, etc)
many profiles used: overview, etc... mostly 30 min charts with
5 min chart for entry exit
trading hours- ~1am-3pm -6gmt (note I go to school from
5am-12:30pm but I still make trades or watch fx as much as I
can as my school has wifi and I bring my laptop)
platform- mt4
money management: simple use of excel &
basic moneymagement rules, however more risk than conventional 2,3% risk trade is used
pyschological mindset- think of trading as a game (easy as I am demo'ing, but trying to reinforce when I make the move to live forex trading), trade in the same location, mindset, etc... or rather be in mood when trades were successful
trader info:
new to forex demo trading for 2 weeks (getting familiar with trading platform and forex trading)
total time studying forex- ~1month+
demo trading- 2 weeks
demo trading with newly implemented strat- Since monday 10.10.05
age- 18
objective:
Become a proficient trader, trading part time (school) so I do not have to get a normal mundane part time job
Which would work out nicely as I can trade wherever I can get an internet connection, and basically im at school or at home during times I trade. This means I can trade, do my homework/study all from home/school, hell that is what I do now demo trading reading or typing up something on word and change windows between that and mt4
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