Antonín Foller (Kurzy.cz)
Currencies  |  November 07, 2012 09:22:18

As I continued to FOREX - +23% for fourteen days


In the last article I described in detail my first experience with the platform Metatrader and trading in currency pairs and derivatives investment in one of the competitions (business Bossa ). The first week I ended in a loss of -47% and 30,000 competition crowns remained nearly sixteen thousand.

Although the loss of trading was quite high and few successes, I am very interested in trading and encouraged after a short rest proceed.

The next two weeks, I watched more happening in the market and the individual indicators and besides the parameters and understanding the instructions I have absorbed relations indicators, changes in open positionsand tried to set quality guidelines, "as if I traded my". I paid close attention to the various parameters to eliminate the worst mistakes of the past attempts.

The result was a pretty decent first store +16% on EURUSD and thus encouragement to the next trade. Even so, it was clear to me that the first impressions of trading that I had, ie something like "shooting blind", will melt slowly.

I let my nerves calm and continued in sober tactic: Fewer shops and more regarding the market, using deferred instructions so that you buy the best, even when the probability of purchase was very low. After another 14 days, a modest trading significantly (5 implemented instructions) and portfolio ended the +23% and I, feeling slightly dominate at least the basics of trading techniques while knowing that in his art I havefar. And knowing that +23% in the previous two weeks had a different starting base than previous -47% ...

Comparison with trading in real money and other participants

In the first round of investment competition, in which trading on a demo account with virtual money, it was the first day of several participants in a couple of hours to receive 50 percent or more within a few days and then their accounts amounted to evaluate hundreds of percent.

Some of the "investors" in the test rounds were apparently more shooters like me: For example, the results of the second round of top trader with its +599% appreciation look very well, but only up to the time when one looks at the start, which is on 5000Kč, ie -83% and its overall conclusion in the competition deeply in debt.


Similarly trades took place in the third week when the winner with 393 percent beginning in 3000 CZK.

I wondered therefore compared with the current course of the competition, which has already traded with real money and not fictional. Initially, the results were embarrassing and yield the first positions ranged in percentage, but today it's back to some accounts plus tens and even more than a hundred percent profit.

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