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Forex Trader
at
Bangkok
About Me
Born and bought up in Mumbai, I started with trading Dow Jones Indices in 2007 and blew my US$ 2000 account with a week of my trade due to over trading and greed and no knowledge, no strategy, zero experience.
By education, I completed my bachelor's degree in commerce in April 1999, passed the profession of Chartered Accountants in 2002 November followed by Diploma in Information System Audit in December 2003.
After blowing my account for the first time, I started to learn forex strategies, market movement, invested in lots of signals, trading software's, EA, Robots, etc. I analyzed the market movement, back tested some of my strategies and built my own customized EA that gave me entry points on momentum basis and since then I successfully started trading. I Shifted my focus from DJIA to forex instrument in 2007 itself.
The most important lesson that I learnt in forex is as under -
1) Book your profits!
2) Cut your losses!
3) No over trading!
4) Money Management!
5) Read the news timing and avoid gambling the news outcome.
I have few trading strategies that I have trade for myself -
1) Eur/Usd and Xau/Usd Martingale Trading Strategy
2) Eur/Usd and Gbp/Usd Reverse Direction Trading Strategy
3) Eur/Usd and Usd/Chf Same Direction Trading Strategy
4) Forex Instrument and Xau/Usd Reversal Trading Strategy
5) Forex Instrument and Xau/Usd Momentum Trading Strategy
6) Forex Instrument Break out Trading Strategy
To Conclude - All, I will say forex depends not only on your entry strategy, but also on your money management strategy and how you hold your nerves. The more confident you are in your trades, the more successful you become.
Born and bought up in Mumbai, I started with trading Dow Jones Indices in 2007 and blew my US$ 2000 account with a week of my trade due to over trading and greed and no knowledge, no strategy, zero experience.
By education, I completed my bachelor's degree in commerce in April 1999, passed the profession of Chartered Accountants in 2002 November followed by Diploma in Information System Audit in December 2003.
After blowing my account for the first time, I started to learn forex strategies, market movement, invested in lots of signals, trading software's, EA, Robots, etc. I analyzed the market movement, back tested some of my strategies and built my own customized EA that gave me entry points on momentum basis and since then I successfully started trading. I Shifted my focus from DJIA to forex instrument in 2007 itself.
The most important lesson that I learnt in forex is as under -
1) Book your profits!
2) Cut your losses!
3) No over trading!
4) Money Management!
5) Read the news timing and avoid gambling the news outcome.
I have few trading strategies that I have trade for myself -
1) Eur/Usd and Xau/Usd Martingale Trading Strategy
2) Eur/Usd and Gbp/Usd Reverse Direction Trading Strategy
3) Eur/Usd and Usd/Chf Same Direction Trading Strategy
4) Forex Instrument and Xau/Usd Reversal Trading Strategy
5) Forex Instrument and Xau/Usd Momentum Trading Strategy
6) Forex Instrument Break out Trading Strategy
To Conclude - All, I will say forex depends not only on your entry strategy, but also on your money management strategy and how you hold your nerves. The more confident you are in your trades, the more successful you become.
Amit Singh
Published MetaTrader 5 signal
1) Start Equity - US$ 200 2) Trading Type - Manual Entries are made at reversals or momentums. I either trade in range at support and resistance, or reversal or basket trading in momentum. 3) Stops - Sometimes stops are placed and some times stop buy or stop sell are placed to enter hedge in case the trades goes opposite way. Sometimes I do not place stop in case I am going in to grid trade setup. 4) Targets - In case of quick trades, my target in side way market will be 50 pips to 300