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! Swissy Trade Review: 01/24/07
Trade Review for January 24, 2007:
USD/CHF
Buy at 2470; Stop Loss= 2440; Target= 2500 (Originally posted on January 23, 2007)
Result: +25 pips. Yesterday I said that I would watch this trade very close and that if I saw that the pair was having difficulty getting to 2500 I would close my trade in between the 2490-2500 range. I watched the price get as high as 2497 and as it bobbled up and down I finally decided to close my trade out. I ended up taking profit at 2495.
Total pips for the day: +25 pips
