My trading journal / journey
Today i created a new account through Axi Trader, $200 deposit Live 100:1
Purpose of this is to show new traders like myself the ups and downs of forex trading, and hopefully, not how quickly you can blow a $200 noob acc (lol)
Let the ride begin!
Keep you guys updated and promise to keep it honest 
Just set up,
BUY - AUD/JPY
SELL - EUR/ AUD
See how we go
May the wind be with you sir.
What made you enter these trades?
Hi eftak, Thanks for your blessings mate, Will update around lunch time but i have closed all positions with SL and TP and account is at $260.00 Risk in my trades were way to high i was running at around 180% which i want to get upto 500-1000%. Lessons learnt, Stay with initial trade, i hedged a trade that came out good that cost me $30.00 
Keep risk down, 500% - $1000% Continue the use of SL and TP but ensure it’s within risk goal Last night outcome +30%
I was looking at pairs and noticed a reversal in aud/jpy. Investing.com confirmed my suspicions with strong BUY signals from 1m to 4hr charts. Eur/aud has been steadily declining and was confirmed strongly on the 1m to 1hr charts and mildly on 4hr-daily charts.
Just opened
SELL AUD/JPY
BUY EUR/AUD
Risk at 900% . No more trades
Trade went against me but i managed to hedge and swap positions. Was very dangerous. +$12.
I am happy that i managed to turn it around however to make my $12 i risked $60 which is 25% of my account.
No trades open now,
Lessons learned,
-What I’m doing right now feels more like gambling then trading, going to do some more research before i enter my next trade later tonight and ensure im not taking to much uneducated risk. -
Keep you guys informed.
We are on day 2 and account is @ $272 no open positions.
Damn, cant help myself.
Just entered a SELL position on AUD/CAD .
Following “pipnainteasy” on these forums. I agree it looks like a nice set up. Plan on this trade is to stalk profits with a stop loss.
Margin % @ 1200%
I nearly lost out on that last trade trade, still made a tiny profit but seriously think it was luck. Luck is for gamblers - not traders.
Lessons learned - do research before opening! If it is common knowledge on ALL sites, is it being oversold / over bought ? .
Made a nice profit off Selling AUD/CAD, had a nice resistance at 99.0000 , it hit and past but was being over bought big time as most indicators were indicating a buy signal. Sold and made a nice little profit.
If feel this was my first educated trade im this account where i knew my resistance and support off the top of my head, i knew it was being overbought due to research on forex sights / indicators.
I could of tripled my profits and some but played it safe.
DAY3 -
Initial investment $200
Acc (no open trades)
Total winner - 23
Total losers - 2
Account balance $293.00
Happy trading!
Any feedback?
I was expecting some haters being all like “your crazy mate! Going to blow your acc mate! Etc” lol…
Any feedback would be positive to me, still got a lot of learning to do,
Also if you (demo or live traders) see any good trades, feel free to post, ill enter if i like the look of it and show you how i go
Nice job going from $200 to $293 
However it sounds like you still have a fair way to go. I know tech analysis is what most new traders start off with, however the indicators and support/resistance are only half the story.
The only traders I know who make money consistenly use a combination of techincal and funamental reasons to enter a trade. It’s often termed “discretionary trading”.
I would follow a few traders who post their ideas for free to see how they think and why they are doing what they do. Some great guys I refer to are Jarratt Davis from Forex Peace Army and Joel Kruger from jkonfx.com they post daily updates on what is happening in the market and identifying trading opportunities.
Use their ideas in conjunction with your own analysis and you’ll be on your way to becoming a profitable trader
Good luck!
Thanks for the post mate, much appreciated
Funny you mention fundamental… I was looking at a site last night that have each currency a rating 50 being flat, 53 being slightly positive fundamental analysis and 48 being slightly negative. I was thinking i could also check this and in the case of paid x/y i ensure that x is higher fundamental then y…
The only problem is I’m not sure what timeframe they were talking about and i dont think they mentioned a timefrime,
I would post the website but unsure if thats a breach of forum rules?
Im checking out your guys now thanks mate!
So, my startergy for tonight,
Trading strategy live $200 acc 1.3
Entry
Exit
No trading last night, it was “time with the missus night” - even though i live with her, sitting with her trading on the ipad doesnt count as spending time together lol. Might sneak a trade in later today before week close.
Happy trading!
Predicting the AUD/CAD to drop,
I have a Sell in place entered an hour ago, that is currently going my way, going to continue to stalk with Stop loss and enter new trades as it falls.
Ive checked for technical that agrees, fundamentals coming out of Aussie also agrees,
Ive locked in for a no lose, now it just depends on profit J
See how we go,
focus AussieXXXXnoob, focus (similar to: “focus James, focus” Brad Pitt to Bruce Willis @ Gilliam’s “12 Monkeys”).
we can’t get a word out of what you are saying
congrats for profits (if i understood well)
Lol J
Focused
Ok guys,
Last night had my equity back down to $240 which means i have been trading with way to much risk, 30%+. I had been trading AUD / CAD and failing hard. Since then i have stopped focusing on that pair and concentrating on greener pastures.
This morning i have jumped on the SELL GBP/AUD train and its paying off big time. Will let you guys know how i go. Currently using manual trailing SL.
Im well over invested, however, my risk to reward was 1:10 when i entered.
Hi guys,
Just an update for you that are reading,
Going to try and do some stats on my acc later tonight,
My account is at $349.77 from $200 initial deposit 10 days ago.
Its been a rough ride at times but i have not yet dropped below my initial $200.
Hi Aussie. You really need to set some risk management rules per trade & also some strategy rules or really your just gambling. I’ve been trading over 5 years supply & demand with very little to show for it. Its because I never had real solid confidence until I started back testing on Forex Tester 2. There is free software out there to back test, but you must back test a strategy before trading live.
I know there are traders who say this is not necessary & forward testing is the only way. I was one of those & at one point built my account up nicely until I had a string of losses that dented my confidence & belief in my strategy & rules. The outcome …I missed the good trades & my account dropped drastically. I’ve since gone full circle now & believe there are many strategies to make money in the markets as long as you back test & believe in them.
The back testing is like putting a hoover through its quality control test before starting mass production. You need to throw everything at it to see if it survives. No different for a trading strategy. No strategy works all the time but in the long term it should ride the storm and increase your account.
I hope this helps one day when you’ve gone full circle too.
All the best
Tyrone