Saturday, April 11, 2009

On Forex Trading

GOAL 1

I'm a learner on forex trading. Currently trading on demo and live with FXDD. Although winning streaks doesn't guarantee that you're good, it trains one to be patient and not trading on gut feeling or emotion.

Time frame: 1 Jan 2009-31 Dec 2009

Goal:
Gold: I closed 20 consecutive wins of 10 pips or more
Silver: I closed 15 consecutive wins of 10 pips or more
Bronze: I closed 10 consecutive wins of 10 pips or more
Boo: I closed 9 consecutive wins of 10 pips or less
Big boo: I closed 5 consecutive wins of 10 pips or less

Measurement:
Trading on live account. proof of trading must be shown to establish achievement
Evaluation on 30th June and 30th Sep 2009. Final count on 31 Dec 2009.

GOAL 2
Ability to leverage on long time frame trading shown patience and foresight of a trader.

Time frame: 1 Jan 2009-31 Dec 2009

Goal:
Gold: I closed 20 winning trades of 100 pips or more
Silver: I closed 15 winning trades of 100 pips or more
Bronze: I closed 10 winning trades of 100 pips or more
Boo: I closed less than 10 winning trades of 100 pips or more
Big boo: I closed less than 5 winning trades of 100 pips or more

Measurement:
Trading on live account. proof of trading must be shown to establish achievement
Evaluation on 30th June and 30th Sep 2009. Final count on 31 Dec 2009.

Soli Deo Gloria

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