Wednesday, August 8, 2007

Summary of July trades

July has not been a very good month for me. Overall I hit a % lower than the norm. Both Strategy 1 & 2 ended up in losses for this month. I've checked with my trainer, KS, on my losing trades and result. Most of the losing trades were genuine losses, i.e. not a mistake on my part. The result was also partly due to the fact that I've not entered some of the winning trades.

Lesson learnt for July:
It is possible to lose money even for a month. Like every investment, Forex also depends on your time of entry or what I like to think of as, luck. But I still believe that Forex can make us money (definitely not big bucks) in the long run. I shall continue to persevere in my journey with the Naruto spirit!

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