Image used to convey the idea of currency conversion (originally from en.wikipedia). The signs are (clockwise from top-left): dollar, euro, pound, shekel, đồng, yen. (Photo credit: Wikipedia) |
I just thought of including my state of the Forex account as on today, i.e. post August trading, which is as follows:
All over in the month of August I ended up opening 3 trades.
1. One closed with a loss of 5 pips.
2. One closed with a gain of 15 pips.
3. Third is still open with a as-of-now gain of 10 pips.
So, overall the realized gain for the month of August has been 10 pips; and being converted into percentage it becomes a gain of 20%.
Considering a time span of a mere 30 days, it is a very good growth figure, but measuring it up to my own standards of growth measurement, it is a loss. I say so because I am used to making a minimum of 100% growth in a month. But nevertheless, the growth is always positive.
Now coming to the learning part :
I feel I could have closed the yet-to-close deal when it went to 1296 levels, but I did not. I was kind of taken away by the going-a-little-longer on the deal emotion. If that would have happened, then I would have crossed a 60% growth on the month of August. But now there is no point discussing that.
So, as of now I am entering the month of September with an open carry forward deal from August; and will publish the signals as and when I spot them.
Stay tuned!!!