Archive for the ‘My Forex trading notebook’ Category

Anna Coulling is my new forex trading inspiration

By Rich Bitch • Aug 13th, 2008 • Category: My Forex trading notebook

From the sound of what Anna Coulling writes on her incredibly informative website about forex trading, she is now trading forex full time and clearly doing well; but she did not start out making money from her first trade. Maybe she did not lose $1000 in her first 4 days of trading, but it is [...]



Legitimate forex brokers

By Rich Bitch • Jul 20th, 2008 • Category: My Forex trading notebook

In my search for a legitimate forex broker I have come to the conclusion that there is probably no such thing, at least not if looking for a forex broker that provides a facility where you can trade without having to experience any of the risk elements that make forex trading what it is; and [...]



How to read candlestick charts forex

By Rich Bitch • Jul 17th, 2008 • Category: My Forex trading notebook

Resource: Understanding Candlestick patterns in fx trading
I have been resisting learning how to read forex charts. I have a thing with charts and graphs; but I’ve decided if I am going to go forward with trading forex with real money, I can’t afford to not understand how to read forex charts. Even if I don’t [...]



Lost even more money today

By Rich Bitch • Jul 15th, 2008 • Category: My Forex trading notebook

Well, I have wrapped up today’s forex trading practice session with another big loss and again for the same reason, taking a chance first of all, and then not cutting my losses soon enough because I figured it would have to turn around. If you’re just learning like me, here’s a tip, it doesn’t have [...]



OANDA FXTrade

By Rich Bitch • Jul 12th, 2008 • Category: My Forex trading notebook

Since I have about 21 more days to practice before I plan to start trading forex with real money I’ve decided to give OANDA FXTrade another try. I briefly looked at it a couple of weeks ago but didn’t really like what I was seeing; but it could have been because I didn’t really understand [...]



Citifx Pro

By Rich Bitch • Jul 12th, 2008 • Category: My Forex trading notebook

I’m no forex trading expert so my opinion should definitely be taken with a grain of salt, but I would think a company with as much money as Citi Financial could have afforded to develop a more state of the art forex trading platform. But like I said, I’m no expert so maybe their platform, [...]



Fear of the forex leverage and margin monsters

By Rich Bitch • Jul 6th, 2008 • Category: My Forex trading notebook

I am determined to try my hand at forex trading and so I am making every effort to educate myself. I must say that I’m having doubts whether or not it’s a good idea but I am going to take my own advise about doing what you want to do and accepting the results success [...]



Countries that use the Euro

By Rich Bitch • Jul 3rd, 2008 • Category: My Forex trading notebook

Since I am focusing my forex trades on the EURJPY currency pair I figure I need to learn as much as I can about the economy of the countries associated with the two currencies. So my first investigation is looking into the Euro which is used by several countries in Europe. I’ve been trading with [...]



Euro vs Yen

By Rich Bitch • Jul 1st, 2008 • Category: My Forex trading notebook

I’ve been practice trading with EURJPY currency pair. I don’t really have a reason for choosing to focus on the euro and the yen. I know that’s a good indication that I’m not ready to trade for real yet. If I can’t answer the question of why I’m focussed on one currency pair over another [...]