Tuesday 9/15/09

I am still getting used to the new demo-account trading station.  Things have changed in the Forex trading world over the last few months.  I have decided to use an account that is based in the UK.  The US has decided to not let stops/limits be put on trades the way they have been in the past.  The UK account still allows for stops/limits to be placed the way they have always been used.

I just placed one trade today.  I went long the EUR/USD.  I made a total of 9.6 pips.  Not much, but a great beginning.  I have always had the problem of trusting my instincts. I hope trading the next few weeks makes me more confident in my decisions. 

I am also trying to master using the stops/limits and trailing stops.  So I could have earned more pips but still mastering how those trailing stops work.  I understand them in theory but using them is another story.