As I blogged recently, I had left myself in an open position with no stop order. If some world news event had occurred and greatly changed it's value, I could have lost up to the current total of my account. I could also have made a good deal of change too.
However, upon opening a few minutes ago the price raised a few pips. So, no major changes and I've had time to add stop orders to those open positions that were unprotected.
I never thought I'd be trading in the Forex market.
I'm probably not an expert, but I've spent years honing my trading skills and plan to let you follow along. That way you can learn from my experiences...
If I've made you some money or protected you from a loss, then enhance your karma and consider making a donation...
My Trading Account Setup
These days I trade with Oanda. While you can't use extreme leverage with them, they are very friendly to small fish such as myself. I can make trades as small as a single unit of currency if I want to.
If you are thinking of opening an account somewhere I'd recommend giving them a try.
For I while I robot traded with FxSpyder but now that Oanda supports MT4 I've decided to stop using FxSpyder. It doesn't cost anything to use MT4 and there is a lot of documentation available via Googling.
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