Since I have been paper trading for nearly four weeks prior to starting this blog, I will start with todays results. And because data for forex comes in two hours before the data for commodities I start the morning at 7:15 am with my forex trades and a capuccino.
FOREX:
Today was a funny day where all my forex trades seemed to be going in the wrong direction. We were told at the three day training workshop that forex is a volatile market, however I intend to see it through for the sake of learning. I have open trades in all the currency pairs except Euro / US Dollar. Profit on the open trades is $1,553.45 and closed trades is -$1,025 a total profit of $528.45
My initial paper trading account for forex of $37,000 has increased by 1.43% to $37,528.45. not fantastic for nearly four weeks of trading but still better than the bank pays me.
COMMODITIES:
I currently have open positions in Corn, Oats, Rough Rice, Soybean Meal, Soybean Oil, Soybeans, Wheat, Cocoa, Coffee, Cotton and Orange Juice. All these trades so far are profitable except Corn, Soybean Oil and Soybeans.
My total profits on open trades is currently $9,308.75 and total profits on closed trades is $5,203.75. A total of $14,512.50 in just under four weeks. I can tell you that puts a smile on my face even though it is paper money not real.
So my initial paper trading account for commodities of $48,000 has increased by 30.23% to $62512.50.
In future posts I will let you know what trades I am entering and exiting as well as the opening and closing prices for them. I will also ask the people at Lifestyle Trader if I can display pictures of the software so that you can see the opening and closing signals for each trade and my profit/loses recorded in the spreadsheet.
FOREX:
Today was a funny day where all my forex trades seemed to be going in the wrong direction. We were told at the three day training workshop that forex is a volatile market, however I intend to see it through for the sake of learning. I have open trades in all the currency pairs except Euro / US Dollar. Profit on the open trades is $1,553.45 and closed trades is -$1,025 a total profit of $528.45
My initial paper trading account for forex of $37,000 has increased by 1.43% to $37,528.45. not fantastic for nearly four weeks of trading but still better than the bank pays me.
COMMODITIES:
I currently have open positions in Corn, Oats, Rough Rice, Soybean Meal, Soybean Oil, Soybeans, Wheat, Cocoa, Coffee, Cotton and Orange Juice. All these trades so far are profitable except Corn, Soybean Oil and Soybeans.
My total profits on open trades is currently $9,308.75 and total profits on closed trades is $5,203.75. A total of $14,512.50 in just under four weeks. I can tell you that puts a smile on my face even though it is paper money not real.
So my initial paper trading account for commodities of $48,000 has increased by 30.23% to $62512.50.
In future posts I will let you know what trades I am entering and exiting as well as the opening and closing prices for them. I will also ask the people at Lifestyle Trader if I can display pictures of the software so that you can see the opening and closing signals for each trade and my profit/loses recorded in the spreadsheet.
Posts
No comments:
Post a Comment