About

Hello everyone,

I started trading forex in November 2009 and blew up my account couple of times. It was due to wrong choice of robots and stuffs. However, the time of realization finally came and I started this blog as my trading journal. But due to some other commitments I was unable to update as regularly as I ever wanted.

After two years of trading I have realized that making money in Forex is not as easy as it looks. Everytime you open up a trade, you end up on the wrong side. Losses are more than profit. I have learnt so many things in forex, but I still lack the most important one i.e Discipline.

Discipline in Forex is the key to success

Recently I blew up one of my live account ( around USD 500 ) to be precise. I was trading microlots thinking that I atleast need to go down by 1000s of pips before blowing up the account. First month went really well, and I was full of over confidence. Next month first week account was blown off. You may ask what happened ? Simple answer is lack of discipline. It was first week of the month when the NFP came out way better than expected, Euro end up dropping like 500 pips in just three four sessions. I had open trade at the top, kept on buying thinking that once price go up , I will end up with gain. But all I ended up was a Margin Call.

Anyways I have left my past behind me and have decided to just trade demo account. I will open up demo accounts will try for 100% gain. I will be strict discipline regarding money management. Unless until I double three demo accounts, I will not go back to live trading.

So people, wish me best of  luck and I will start trading again from August 1st 2011. I will keep posting the trades I am taking and planning to take. This will also help me run this blog as a journal too. You can also keep track of the performance clicking at the performance link at the top.

If you are interested, I just trade Price-Action on  4 Hours and Daily Candlestick charts ( New York Close ).