Sunday, September 7, 2014

Forex Trading Day 3


It's another small losses on this 3rd day and I am happy with it.

6 comments:

coconut said...

definately a spread trading strategy, to minimise risk. i wonder do they take positional trades.

coconut said...

the key to this strategy, if i'm not wrong, is to identify similar pattern within the currencies pair and trade amongst them.

if i'm you, i won't put the money there, you win small but there is a chance of getting wipe out down the road, unless they employ other strategy to increase their profit potential like directional trades.

coconut said...

ok padent me, they do take directional trade, and hedge it if trade goes against them (i think), then try and recover the original trade by spread trading.

coconut said...

now the next question is, do they position trade or simply day trading? ofcos it also depends on equity size to determine.

coconut said...

lets hope your next trade summary is this,

+
-
+
-
+
pair
pair
pair
pair
-

instead of

+
pair
pair
pair
pair
-

once again. :)

Fat88Trader said...

Yes, from what I see with the same set of pair trading over the past few days, it's definitely some spread strategy.

They are simply day trading, closing off the position by end of the day.

Limit the losses to 7% per day.

So far did not detect any outright directional trading.