• Journal

    Trading Forex : really difficult

    Hello Folks, yes i’m still here. Glad to see i have few readers who are interested to read my blog post. Good to know. Thank you guys. Breaking news : i’m still not successful as forex trader. I thought i have reached to a point where i’ll invest some serious money but the moment i win , i tend to give away in the next session.One month i do good, next month i’m donating my profits to the market. so i’m still not a consistence trader which is number ONE rule to be successful in this business. I’m trading micro account as you all know. During NY session i take on average…

  • Journal

    Oil minister Ali al-Naimi sack news could not move the CAD pairs

    Monday’s are usually slow and we saw another slow paced new york session forex trading. However, i thought the weekend big oil news would drive the oil price crazy and therefore canadian dollar would move along with it. But that did not happen. Saudi Arabia ousted long-serving oil minister Ali al-Naimi. He was replaced by Khalid al-Falih, the chairman of state-owned oil firm Saudi Aramco. This news supposed to fire the cad pairs and when i saw cadjpy trending during Asia and London session, i thought big day waiting ahead. When i opened my MT4 platform, i saw the above chart. I quickly positioned myself on a pullback and i was looking…

  • Journal

    Slow day trading at Fx online today

    Monday is mostly like this. Slow and steady but now at the time of blogging we are approaching London close but i see no follow through till now. Most of the pairs were in Range at the starting of NY open.  So probably i’ll close with the few pips i earned today. Only taken two trades before the market opened with eurusd and cadjpy. Both winners but with small profit. Happy that at least it is not a loss. As you can see from the pic, this trade is still running and my target is high up at 1.1300. If that happens i would earn +55 pips. Not bad with…

  • Journal

    News day at Forex trading 19th april, 2016

    Today is a big day in terms of fundamental news. News started 1 hour before the New York session USD building permit. Also lined up with RBA , BOE,  BOC bank governors speaking in public which tends to move the currency market a lot. At the time of writing this blog, i honestly did not see big movement although it was enough to bank some pips. I was wary of the news hence i didn’t take lot of good positions. Some other days it could have saved me from going loss but today i’m ending my session with a small profit. But i do learn almost everyday. It was USD…

  • Journal

    Forex trading Journal New York session 18th April 2016

    welcome to my blog post. Today is my first entry. I planned to be regularly updating my blog. I shall be recording my Forex journey and share with you guys. well today at New York session was good. Usually Mondays are dead. But i learned not to predict and be there always. Lot of movements especially with YEN pairs. I was expecting CAD move at NY session as the big oil guys had meeting this Sunday without any settlement. Oil price also dropped a lot which usually drives CAD pairs. We started  trading with a gap so i was expecting a gap filling. however, that happened with YEN pairs. Does…