ForexSpirit

Unfortunately, my FxSol demo account has expired so I’m unable to show all my trades for the moment at once.

Total profit for the month was $710.97.  Since I based all my entries on having a $10,000 account (just to keep things simple), that gives a 7.1% gain.  I am perfectly happy with that.

Probably also worth noting some recent thoughts on how I felt not being in the market while it has made new highs, finishing above 1.26 on Friday’s close.

There was a greater probability that Bernanke’s speech was going to result in some dollar strength, so being all square before that only made sense, and I would take the same approach in future.

I did not have a comfortable grip on what the market was doing and reacting to, so it made perfect sense to sit on the sidelines.  Knowing when not to trade is frequently mentioned as one of the hardest things to learn how to do and get right; so even though I am by no means an expert at it, I feel this was a good application of doing the right thing.