My Forex Advanture - Forex Journal

[GerryMFX]

Hi Forex Lover

I Just Started learning Forex about 2 months ago. I started my adventure by learn babypips school article and some of Trading System of Forexfactory member.





I will use this this thread as my Trading Journal Challange for 3 months from now. If I consistently profitable for 3 consecutive months, then I will start to open USD 1000 Live account, if not, I will keep to on Demo Trading until I consistently profitable for 3 consecutive months.



Trading Stategy:

Base on Pure Price Action (Candlestick Pattern)

Use 4H, 1 Day and 1 Week Time Frame



Risk management:

On every Trade Setup form on chart, I will open 2 or 3 position.

Every position I will risk 1 to 1.5% of my Account, so my Total Risk is 2 to 4.5%.

Every position will set a target, 2SL (2 times Stop Loss), 3SL and 5SL. When Price hit my 2SL, I will move the rest of open position SL to breakeven so I have no risk anymore.</div></div></div>

[AlexHales]

It’s nice to hear about people’s own experience since it helps you with understanding many things. If we want to be successful in any field then we need to collect experience not just our but others too. I am trading with OctaFX broker with whom, I get great help and support with been able to participate on their demo contests like cTrader and Champion through which one can win huge prizes and also get plenty of experience into working nicely!