Finally going live on Forex!
I received cash from most of my relatives as Christmas gifts. I decided to use all of the money, plus some of my own, to open a real Forex trading account. I will be starting with a whopping $200. If the account is up after a month of trading I’ll start adding more on a regular basis.
My Oanda demo account had a very interesting day today. I started with two gains totalling around $400 (0.4% gain), then followed that with a $2000 loss (2%). I finally ended the day up almost $500 (0.5% gain). As I refine my BoxOptions strategy I find it easier and easier to make money with them. Taking advantage of the lagging volatility factor in BoxOptions pricing shifts probability in my favor. I hope to contine to hone this method over the next few months. If I continue to make reasonable gains I may write an ebook or seek out other investors in family and friends. That may be jumping the gun but it’s always good to plan ahead.
My North Finance demo account dropped a bit more today. I had two losing trades. I started trading this account in the afternoon, after the majority of the day’s movement had taken place. A lesson learned.
As always, graphs of my demo accounts (and soon my live account) can be found at http://www.thedanexperiment.com/forex-trading/.
