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Forex Trading-Lessons Learnt

Wow, what a week.  We have finally learnt the lessons, Aussie Rob has been teaching us all and exited all of our forex trades before the easter holidays, for a very nice profit.  Over the past 7 months of trading forex, we have been taught to get out of all of our trades over major US holidays. Did we listen? NO. Did we pay for it? YES. My husband and I worked out that if we did what we were told, we would have been around $30 000 better off, but it took us 3 major holidays to learn that lesson. In January, we had $7000 profit in open trades. One of the biggest events in history took place when the inaugeration of President Obama occurred, well you can guess what happened to the forex markets and our $7000 (plus a little of our own money).  Sometimes you need to feel a little pain before something sinks in, well I am happy to say we have finally learnt.  With easter coming up this weekend, we decided on Monday to exit all of our open trades.  By Tuesday, the trades were all starting to go the opposite direction, and when we did our update this morning with our Aussie Rob software, we found that if we had stayed in (even though the lines still haven't crossed), we would have once again given back our profits and some of our own money.  So a BIG YAY for us.

For more information and to order your free DVD go to:

www.lifestyletrader.com.au/shane.stenhouse


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9 Responses to “Forex Trading-Lessons Learnt”

  1. » Forex Trading-Lessons Learnt | CreativeWomenOnline » Forex Trading Experts Says:

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  2. LC Says:

    Is this method based on moving average cross overs?
    There are wonderful opportunities to trade even during holidays and learning to time the holidays with economic data can potentially
    result in great profits. The key is to understand the economic data and technical analysis. You can learn to do both and using the two
    is a winning combination. It may also help to understand the reasons behind trend changes that appear to be happening around holidays. Good post!
    I have some information that explains these situations in the markets when they arise.
    LC
    udaytrading.com

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