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I Haven't Traded Read Money In April
Friday, April 06, 2007

I just wanted to give a quick update on the state of my forex trading.  I'm clearly in a transitional state personally and trying to find the time to trade not unlike a lot of you, I'm sure.  My full-time job has moved in line with forex trading as a priority as it probably should have all along.  After all, in order to make money trading or attempt to reach that ultimate goal, you need to have money to do it.  It's certainly a lot easier collecting that paycheck every other week opposed to making that same amount of money trading.  

I'm approaching my two year anniversary of forex trading and though sometimes it doesn't seem like I've made progress, I would find it hard to believe that I haven't.  I'm a bit confused these days about my trading and not sure what to do about it yet.  I'm definitely still on the "keeping it simple" side of things and I feel the need to concentrate more of my time on risk management.  Other than that, I can't say where I'm going to be with my trading next year or even next week.

Due to these times of confusion and limited time, I'm trading a lot less and haven't traded live this month.  I'm still trading my GBP reversal strategy but there was only one opportunity so far this month (on Thursday) and I missed it.  I'll make it through these hard times like I always have.  My expectations aren't what they once were and I'm willing to crawl towards my goal because I know it can take years (if ever) to be successful as a trader. 

I hope everyone else is progressing with their trading.

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