Time to Trade Some Forex

Whenever I take a bit of a short-term battering with my mid to long-term investments, I tend to look to FOREX trading to focus my activities. Long term, I’m usually very bullish with the equities I’ve chosen to invest in – often despite prevailing economic conditions – so it’s nice to switch to FOREX where I can let fly with any bearish sentiment.

I stick almost exclusively to trading the US Dollar and British Pound (USD/GBP) where I at least have an inkling of what’s going on – well as much as anyone really can when trading FOREX.

I’d like to think I always go in with the right intentions – timing my entry to the market, having a clear objective to the trade, with tight (but not too tight) stops in place – though all the best intentions tend to mean nothing when my money’s on the line.

In short, sometimes I win, sometimes I lose but it’s a fun ride. Anyway, I’ll dust off my trading account, set a couple of things in action and get back to you – both my loyal readers – in due course with the reults of my first trades in a while. Wish me luck!


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Comments

Posted On
Jun 04, 2009
Posted By
Danielle

Good luck with the trades. Don’t forget to share your acomplishments :)

Posted On
Jun 04, 2009
Posted By
Paul

Hi Danielle, thanks for the comment. My “accomplishments” with FOREX are few and far between. My first foray back into FOREX for a while was four trades that all turned on me within seconds. Back to the books I think, there’s something inherently wrong with my trading tactics. Will be sure to drop by forexexplore.com for some tips.

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Disclaimer: Investor Trader is the blog of a single, personal investor. The owner of this blog is not a citizen of the United Kingdom nor is he based in the United Kingdom and the blog is not hosted in the United Kingdom. The owner has never received any form of compensation for providing investment recommendations and has never in the past been employed in any capacity where he has provided investment recommendations. Investor Trader does not make investment recommendations and no information displayed on its pages should be considered as investment advice. Nothing on Investor Trader should be interpreted as a recommendation or solicitation to buy or sell any securities or investments. All trades are first reported on Investor Trader at least a day or two after the fact (but more often a week or two), never live. Investor Trader is here to journal my attempts to make a few quid from the markets and possibly to entertain you a little into the bargain. Please, please, please, do your own piles of research and if you want good investment advice go out and find someone who does this sort of thing for a living (i.e. not me). Most of my investment decisions are based on gut feelings, hearsay, unfounded rumour and whether or not I like the cut of a company logo. You've been warned!
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