Status 14-Apr-2008

Deposit/Withdrawal:

5 000.00

Closed Trade P/L: -48.77 (One EurUsd trade)

Balance:

4 951.23

Forex Trading Comment Part 1

There's a lot of information out there on forex, some of it good and some of it misleadingly bad.
Be careful. !!
Trading forex is many times portrayed as a way to get rich fast; a home-based business. This is the furthest than from the truth. Trading forex is risky and though it may be possible to turn it into a home-based business, you need a lot of capital and experience.
To give you an idea, a very experienced and respected currency trader had the following yearly returns:

• 71% in 2004
• 433% in 2005
• 53% in 2006
• 30% in 2007.

Let's just say for a minute that you were as successful as this trader and started 2007 trading forex as a home-based business with $5000.
Could you live on the $1500 you made in 2007?
I doubt it. I'm not trying to discourage you from trying but I think it's important to be realistic.
If you dive into currency trading with unrealistic expectations, you're not going to get far.

Some useful links for forex

Before trading on forex you need to learn how forex works.

• http://www.fxstreet.com/fundamental/economic-calendar/
• http://www.thomsonfxhub.com/fxhub/index.jsf

The Foreign Exchange

The Foreign Exchange, also referred to as the "Forex" or "Spot FX" market, is the largest financial market in the world, with over $1.2 trillion changing hands every single day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you see how giant the Foreign Exchange really is. In fact it is three times larger than all of the US Equity and Treasury markets combined!

I trade today nearly only on Forex. To show you how forex can be nice or kill you.
I open a small account as demo-live account.

2008.04.07

balance

Deposit

5 000.00 Eur

Trading EURGBP. Part 5.

I open a new account the 10-Okt-2007. I will report on a weekly basis the result.

Open balance: € 49 000 ( 10-Okt-2007)
Balance the 14-Oct-2007: € 49 380 (+0,76 % one day trade)
Balance the 21-Oct-2007: € 50 750 (+ 2,77 % this week and +3,56 % overall)
Balance the 27-Oct-2007: € 52 389 (+ 3,22 % this week and +6,90 % overall)
Balance the 2-Nov-2007: € 53 067 (+ 1,29 % this week and +8,30 % overall)

Balance the 10-Nov-2007: € 55 954 (+ 5,44 % this week and +14,18 % overall) - One month of trade.
Balance the 19-Nov-2007: € 55 954 (+ 0 % this week and +14,18 % overall) - Eurgbp is to high for the system

Trading EURGBP Part 4

I open a new account the 10-Okt-2007. I will report on a weekly basis the result.

Open balance: € 49 000 ( 10-Okt-2007)
Balance the 14-Oct-2007: € 49 380 (+0,76 % one day trade)
Balance the 21-Oct-2007: € 50 750 (+ 2,77 % this week and +3,56 % overall)
Balance the 27-Oct-2007: € 52 389 (+ 3,22 % this week and +6,90 % overall)
Balance the 2-Nov-2007: € 53 067 (+ 1,29 % this week and +8,30 % overall)

Balance the 10-Nov-2007: € 55 954 (+ 5,44 % this week and +14,18 % overall) - One month of trade. 

Trading EURGBP. Part 3.

I open a new account the 10-Okt-2007. I will report on a weekly basis the result.

Open balance: € 49 000 ( 10-Okt-2007)
Balance the 14-Oct-2007: € 49 380 (+0,76 % one day trade)
Balance the 21-Oct-2007: € 50 750 (+ 2,77 % this week and +3,56 % overall)
Balance the 27-Oct-2007: € 52 389 (+ 3,22 % this week and +6,90 % overall)
Balance the 2-Nov-2007: € 53 067 (+ 1,29 % this week and +8,30 % overall)

Trading EURGBP. Part 2.

I open a new account the 10-Okt-2007. I will report on a weekly basis the result.

Open balance: € 49 000 ( 10-Okt-2007)
Balance the 14-Okt-2007: € 49 380 (+0,76 % one day trade)
Balance the 21-Okt-2007: € 50 750 (+ 2,77 % this week and +3,56 % overall)
Balance the 27-Okt-2007: € 52 389 (+ 3,22 % this week and +6,90 % overall)

Trading EURGBP. Part one.

I trade EURGBP with good result since June-07. I use the product that metatraderea(at)gmail.com sent to me. I get a cheap price :D
I do not know if he sell it to everybody.

I open a new account the 10-Okt-2007. I will report on a weekly basis the result.

Open balance: € 49 000 ( 10-Okt-2007)
Balance the 14-Okt-2007: € 49 380 (+0,76 % one day trade)
Balance the 21-Okt-2007: € 50 750 (+ 2,77 % this week and +3,56 % overall)

My G club 2007-8-20

Here is my G club after lot of stop-losses :D

• Clas ohlson
• Home properties
• Lindex
• OMX
• Telelogic

Neonet på G ?

I think Neonet can have a nice uptrend soon.
Price 33.4 SEK

Back from holiday

I'm now back from "holiday" in NY.

I write "holiday" because the stockmartket was not the best for a calm holiday ;)
With stop losses life is better

From Wikipedia:

Stop orders

A stop order (also stop loss order) is an order to buy (or sell) a security once the price of the security climbed above (or dropped below) a specified stop price. When the specified stop price is reached, the stop order is entered as a market order (no limit).

With a stop order, the customer does not have to actively monitor how a stock is performing. However because the order is triggered automatically when the stop price is reached, the stop price could be activated by a short-term fluctuation in a security's price. Once the stop price is reached, the stop order becomes a market order. In a fast-moving market, the price at which the trade is executed may be much different from the stop price. The use of stop orders is much more frequent for stocks, and futures, that trade on an exchange than in the over-the-counter (OTC) market.

A sell stop order is an instruction to sell at the best available price after the price goes below the stop price. A sell stop price is always below the current market price. For example, if an investor holds a stock currently valued at $50 and is worried that the value may drop, he/she can place a sell stop order at $40. If the share price drops to $40, the broker will sell the stock at the next available price. This can limit the investor's losses (if the stop price is at or below the purchase price) or lock in some of the investor's profits.

A buy stop order is typically used to limit a loss (or to protect an existing profit) on a short sale.^[3] A buy stop price is always above the current market price. For example, if an investor sells a stock short hoping the stock price goes down in order to give the borrowed shares back at a lower price (Covering), the investor may use a buy stop order to protect himself against losses if the price goes too high.

A stop-limit order combines the features of a stop order and a limit order. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or to sell) at no more (or less) than a specified price.^[4]

As with all limit orders, a stop-limit order may not get filled if the security's price never reaches the specified limit price.

A trailing-stop order is an order entered with a stop parameter that creates a moving or trailing activation price, hence the name. This parameter is entered as a percentage change or actual specific amount of rise (or fall) in the security price. Similarly a trailing-stop-limit order could be entered. Few brokerage firms will accept these orders as they must continuously keep track of the stock price and adjust the stop level.

Sencom to the G club.

New member in the G club. Semcon. Price today is 63 SEK

G Club news 12-june-2007

Exit for Rederi Transatlantic from the club.

På G club check 10-Jun-2007 - After big dipp

På G club check 10-Jun-2007

The G club
- Telelogic: 14.95 -> 21.5 SEK
- Oriflame: 279 -> 355 SEK
- Tieto Enator: 206 -> 216,5 SEK
- QMED: 106.5 -> Exit
- Munters: 319.5 -> 103,35 SEK (split 1:3 Buy price is : 106.5)
- Trelleborg: 192.5 -> 209,5 SEK
- Consilium: 44,80 -> 53,5 SEK
- Skistart: 116,75 -> 117.75 SEK
- Rederi Transatlantic. 57.25 -> 54.75 SEK

Trading mindset ... (Part 3)

You need to learn from the experts.

You need to be better on:

-Sense of calmness
-Ability to focus on the present reality
-Not caring which way the market breaks or moves
-Always aligning trades in the direction of the market, flowing
with the market
-Not caring about the money
-Always looking to improve your skills
-Profits now accumulating and flowing in as your skills improve
-Keeping an open mind, keeping opinions to a minimum
-Accepting the risk in trading
-No Anger
-Learning from every trade
-Winning and losing trades accepted equally from an emotional
standpoint
-Enjoying the process
-Trading your chosen approach or system and not being
influenced by the market or others
-Not feeling a need to conquer or control the “market”
-Feeling confident and feeling in control of “yourself”
-A sense of not forcing the markets or yourself
-Trading with money you can afford to risk
-No feeling of ever being victimized by the markets
-Taking full responsibility for your trading

Rederi Transatlantic på G ?

One more member in the "på G club". And the name is : Rederi Transatlantic.
Price today : 57.25 SEK.

Trading like Vinci ?

Nice post about Trading like Leonardo Da Vinci.

Some of the facts are :
1. Read the works of Soros, Jesse Livermore, William O'Neill, Warren Buffett and Nick Darvis.
2. Choose one and copy exactly what they do.
3. See each stage they go through to reach their conclusions and the actions they take and the inferrences they derive from the outcomes.
....

QMED på G ?

Will Qmed jump in the G club ?
Price today : 111.25 SEK

På G club check 28-May-2007

På G club check 18-May-2007

The G club
- Telelogic: 14.95 -> 17 SEK
- Oriflame: 279 -> 350 SEK
- Tieto Enator: 206 -> 216 SEK
- QMED: 106.5 -> 108.5 SEK
- Munters: 319.5 -> 106 SEK (split 1:3 Buy price is : 106.5)
- Trelleborg: 192.5 -> 217 SEK
- Consilium: 44,80 -> 53,75 SEK
- Skistart: 116,75 -> 116.5 SEK