Learn to Trade Review: Roger
Thank you again for the very hard work you put into your coaching/training this week.
I waited to see the result of the Non-farm Payroll news early Sat morning, and saw my account go from minus 1% to +15 % in the space of less than 10 mins.
I was then attempting to amend trades to push the take profit levels further from the entry prices, but as you know very well (and told us about through the course), this is not really possible.
The ForexCFDs platform was telling me ‘no trades can be placed at this time’ or some such message, which I assume is normal for the chaotic periods when news moves the markets?
Any way, I finally got all trades closed out and ended up with 8 trades filled, 6 wins, 2 losses 209 pips up, and 13.6% gain on my modest $2,000 trading float. This was mainly due to taking a big punt on the US payroll news being good (which was largely predicted) and so I was short a number of currencies against the USD, CAD and CHF. The result was fine, but if you were my personal coach I reckon you would put me in the ‘naughty corner’ for a week for not at least having partially hedged the big 50/50 bet on the US news. It was great to observe the sudden movement in trades placed with your warnings from the course fresh in my mind. I’m champing at the bit to begin imbedding in my soft brain some more of the advice you gave us over the 3 days, as I trade over the coming weeks.
Thanks again for your many wise words.
- Learn to Trade Review: Jonh
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