Like the title of this blog suggests, making pips in the Forex is easier said than done. This "reality blog" will allow you to follow my life as a Forex trader. I'll not only discuss trades, but also my emotions during these trades. You'll see my ups and downs, my highs and lows, and my smiles and tears.
This is the true story of one man, picked to live in front of his computer screen and find ways to make money off the Foreign Exchange. See what happens when markets stop being polite, and start being real! Euro Trade Review for 01/22/07
Trade Review for January 22, 2007:
Only my Euro trade was triggered today.
EUR/USD
Buy at 2975; Stop Loss= 2950; Target= 3000; Target 2= 3030 (Originally posted on January 20, 2007)
Result: -25 pips. Unfortunately the market gapped at the open on Sunday which triggered my trade. I think from now on I will refrain from putting trade entries over the weekend unless it is pretty far from the current market price. This will hopefully get rid of any gap mishaps like today.
Total pips for the day: -25 pips
