Feb
12

12 February 2009.

Posted by Russell

Forex Trading - Make Money at it? Well there were no forex trades indicated yesterday (the 11th February) either so I didn’t want to waste your time by entering yet another “No Trades Today” post.

We do have a trade today and we are trading on the GBP/CHF (British Pound/Swiss Franc) market. I placed the trade at 8:04 a.m. and it’s now 9:55 a.m. I went off for some breakfast after placing the order and just came back to the computer to see that I have made $227 so far. Not bad whilst you’re just eating some eggs!

I’ll add to this post later when we have more news and I’ll include a link to the statement but for now I’m off to play golf.. Later..

Well we saw the trade get up to $1250 in profit by lunch time looking back at the graphs.

We could see the market was starting to recover a bit but for testing purposes we let it run it’s course. We were right! We could have taken a VERY nice profit but by leaving the trade too long eventually the market recovered enought to trigger our Stop Loss for a loss of $148.60.

Lesson learned!

Here’s the link to my statement covering trades up to the 12th of February.

Share and Enjoy: