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My dear honorable member of the platform how are you and you are trading I would like to advise you that don't be hurry to open any position in the market for that I would like to say that try to work hard one week at the platform and get some and some bonus then try to enter in the market then you will be able to to open the position with confidence it will be much better to start reading just from the tomorrow.
Good Morning Everyone,
Hiw was your weekend? Hope you had fun with your family and friends. Monday is here and we are ready for trading. I wish you a successful trading week.
My Usd /Mxn position is still floating with loss because bears are not so active in market. I'm waiting for some money from last couple of days. On Friday I got new Weekly Bonus which increased my capital and now I can add more position in this pair. Here is a pending order and hope so it will trigger soon and after that this pair start falling.
What is your point of view about this position?
My Trading Journal
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Mate so sad for your loss mate and congrats on your weekly bonus
Mate you know usd is going to sky and at that time you sell usdmxn which is not good and again you have a pending order on sell at usdmxn mate I am not agree with your trade but we all know that market change its direction in some seconds so good luck for your trade and your pending order.
I hope you are doing good and great over there at your side friend. I can see that you like trading this exotic pair US dollar versus Mexican Peso and which is actually attributed to high price movement volatility. Therefore, with your small capital balance I think is a big risk exposure mate as it will better you trade on currency pairs markets with low spread and low volatility.
In conclusion, my golden piece of advice to you mate; it is good to be patient with every market and always remember a proper risk management measure of 2% to 4% maximum risk per trade in order to protect your account balance even if your account balance is $50 or $500 or more.
I wish you a good trading performance and profitable experience mate. Cheers!
Cfd2forex's trading journal