My first trade

Today I did my first trades in my practise account. In fact I had about 6 practise accounts, all used for different testing purposes. I created 5 accounts with $10,000 base and 1 account with $1,000 base. I use 3 of the $10k accounts to test out 3 different parameters.

One ended up in a small loss. But that was primarily my fault. That was the very first trade I've placed and being a newbie, I made a mistake of looking at the Bid price when I should've looked at the Ask price.

The other 2 of the $10k accounts ended in profit, one being more than the other.

The $1k account is my primary account to practise the strategies taught in class. I purposely created a $1k account 'coz I thought that was a realistic amount to start with in a live account. I mean, not everyone has $10k in real live to play with! The strategies work well and I made a profit of $49.29 in my primary account. That traslates to 4.929% in one day, not bad at all!

Open Date: 06/04/2007 08:29:50
Instrument: USDJPY
B/S: Sell
Open Rate: 121.85
Lot: 0.5
Close Date: 06/04/2007 08:47:42
Close Rate: 121.73
Gross PL: $49.29

Beginning Balance: $1,000.00
Ending Balance: $1,049.29