POST DAY 1

I suddenly felt the need to create a blog for my FOREX trading partly as a journal of my personal investment, highlights of the mistakes that I made and hopefully, to get feedbacks from fellow traders, especially the experts in these fields.

I have been trading demo account for quite a while and quite recently I took a big step in putting in real money, a small sum by other people's standard. The experience of trading demo and real accounts are world apart. I used to make 40 to 50 pips before I even left for work in the morning around 9am. That was from the demo account. Somehow, it didn't quite work out the same way for my real account.

I woke up at 6am every morning, turned on my laptop and scanned for trading set up opportunities. Normally, I would trade NZD, AUD or JPY pairs. I always thought that early in the morning, the market was just gearing momentum for the day's trade.

During my demo account days, I tried a lot of tools made available through my trading platform. They worked sometimes but not all the time. Now I use mainly Bollinger Bands, SMA 20 and MACD. So far, they prove to be more resilient.

Let's move into my trading room....