Consistent positive rate of return, month in and month out, is what most of us traders are aiming for and unfortunately, this is one of the difficult task to master. We can predict of how much rate of return you or we want but the “actual” return of what you are able to bring in even if it is a mere of 2% monthly or maybe 5% monthly as long as you are in a positive side is a good starting point then we could add more as we gain more experience for the years to come.
I will be brief of explaining my trading strategy: I used Fundamental and simple Technical. Fundamental: I mostly trade during news releases such as Central Bank Interest rates/policy changes, Unemployment (NFP and sometimes the Aussie) are just a few. I do not have any in depth knowledge in Fundamental but I do know enough when I should look for set ups to trade or just wait. Technical: simple chart pattern and mostly S/R level. I usually trade via my iPhone as I also work full time and travels for work and for pleasure so my phone is my friend and without it I don’t think I have any chance at all to trade. NYO is my most active time to trade and sometimes at night for the Aussie (I live in US)…My strength is in Psychological (as most of you know ) side of trading. If you ask me a question, I will try my best to answer you in a “Psychological” manner .
As my trading journey is getting a little exciting, join me to find my consistency and or maybe you could help me on how I can improved my trading approached so feel free to contribute. I believed that there is always room for improvement…
I like to see results and what the bottom line is…in my, myfxbook below you can see that I kept everything in private. I want you and I to focus on the rate of return.. not in pips… and especially not in profit because , in my opinion, those are just a distractions. I am focusing on a monthly basis so the Myfxbook will be updated every month..
Thanks and Good-luck to all of us.
Filipina System | Myfxbook