Today market is open again after closed for 2 days. This is one of the reason why trading forex attracted me. Working for 5 days a week. Saturday & Sunday are days for relax and family. Beside of that trading forex open for 24hrs and 5 days a week. It mean i can choose my own time to trading with. It's really freedom and flexibility that i looking to.
For the past 2 days i do alot of reading. I read "Ultimate trading System"-by David Jenyns' & "Trading for a living"-by Dr Alexander Elder. If i combine both books, it is nearly 500pgs. Dont forget that it isn't novel. It is Technical & psikology's book!. But i enjoy it because i really want to know the secret & skill of trading forex. I want to be professional trader that "trade for a living". Oh!..how nice the dream..
Eventually the time i spent for reading that book really worth. Before, i was scaring while facing the price movement. So fast!. Before this, if i manage to close profit USD10-20 i feel so satisfied and so happy. But today alone(within 2 hrs) i making profit of USD5,060. Now my equity raise to USD55,486.
But i do understand. Today i trade "out of rule" that outline as "right way of trading". They said use only 10%-30% of equity to trade, and make sure allow losses only 2% of equity.
Though i do was informed about that mandotary rule, today i still want to do some dangerous experiment. I trade about 50% of my equity and risky nearly 10%. Oh!..luckly today i managed to quit the position with profit. Now i understood what was said by them. The three pillar to succeed in forex trading.
1)Psicology
2)Trading system
3)Money management
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