Im new to forex, but not new to trading,
I tried stock trading for 3 years with live account from swing trading to day trading and blowing my account a couple of times. Risk management was my biggest problem since i was having so much bias on the stock that i was trading.
Thats the time that i think i have to move on to a trading with no bias at all just plain charting.
Ive been studying and reading books about Forex trading , watch youtube videos just to to learn more
I found a mentor and asked him to train me head and shoulder strategy but it wasnt for me ,
He taught me to analyze my trading style, the right time frame for trading and my pros and cons.
So after a couple of months of trading demo. I gained a lot of experience and learned a strategy which fit on my style and work hours since im not a full time trader yet.
Right now, my consistent strategy in demo is “break out from trend line” ,
Risk reward is 1st TP is 1.5R and i move my SL to Entry Price.
2nd TP is 3R
3rd TP is trail stop to have a bigger gain, (1/8 of lot)
Ive linked my new demo account to myfxbook, but its a copy trade of my small live account.
Ill keep posting a journal here every week and someday a daily one. This will help me to be strict in following my trading rules,
I guess this is it for now. gonna rest since i have work early morning.
Suggestions and comment are well appreciated!