Forex Trading and more!

Leonard Thomas — Mon, 05 Oct 2009 01:18:03 +0000

During 2007 I opened 3 trading accounts, 1 for Forex, 1 for Options, and 1 for Stocks (equities). Right from the start I did practice trading with funny money and on paper. I studied a number of different types of trading styles and found that I needed to focus on 1 at a time.
Following stocks and options I was looking at channeling for a method. I would look for stocks that would move between a high and a low range, which could be followed over a number of cycles. That worked well but I could not see much gain in total dollars even tho the percentage of wins over losses was good and the total wins were larger than the losses, so over all it was winning. It was just 8% to 15%.
Then I started looking into Forex and found a charting platform that was offered by an Aussie by the name of Aussie Rob.
His charting platform is a very simple red line green line that when they crossed in a certain manner that indicates a buy signal and when they went the other direction that was a sell signal. Now you have got to understand that there is a whole lot more that goes into it than I am telling you now, not that much.
If you want to know more about Aussie Rob and his charting program check him out at www.lifestyletrader.com.au.
With his program using a $25,000 trading account and starting May 30, 2007, counting the wins and losses the balance on Nov. 28, 2007 was a mer $119,273.40 and never compounded that money at any time. That means that there was never more than the $25,000 at risk.
That was trading Forex.
I would go on but that would take a lot more time than I have now.
Any questions about what I did and how email me at thom@onetrendup.com or post a comment/question and I will reply.
Good Trading, thom.

More coming on tools for the Internet business soon.

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Forex Trading and more!