Open trading account 
We are near the end of the competition month…
To sum things up:
The account was down by 52%, now it’s up by 120%.
There are still some orders and one open trade.
For me is this a milestone. Never ever had such an recovery.
Not even when I ‘traded’ with real money.
This month I made a few mistakes, emotions got the best of me.
Little by little I’m beginning to manage my emotions.
Yeah sure, I can only access the platform when i’m home.
So for the rest of the day I can just read and watch.
Sometimes it’s frustrating, you see a trade close and then it turns and goes your initial direction. Ugh…
My outlook for the coming month:
Bearish on the NZD/USD - Due to no rate hikes on the side of the RBNZ. Potential of going down. Milk prices down in New Zealand, major export of the country.
Bullish on the EUR/AUD - This pair is passing the lowest point from may 2013. Gonna look for good buy opportunities. Got to keep an eye on this one.
Bearish on the AUD/USD - Commodities are prices down. This should weaken the aussie.
Bullish on the USD/ZAR - Due to the huge dollar selloff this pair is gaining strength, but when the dust settles it should go past the 13 mark. Need to keep an eye on the gold and oil prices tough.
Also we need to keep an eye on Donald’s decisions. With 3 FED members already confirmed of stepping down next month or so, we have to see if those empty seats will be filled by Republicans.Thus Donald’s getting his way for a weaker dollar. Just my personal opinion.
To sum things up:
The account was down by 52%, now it’s up by 120%.
There are still some orders and one open trade.
For me is this a milestone. Never ever had such an recovery.
Not even when I ‘traded’ with real money.
This month I made a few mistakes, emotions got the best of me.
Little by little I’m beginning to manage my emotions.
Yeah sure, I can only access the platform when i’m home.
So for the rest of the day I can just read and watch.
Sometimes it’s frustrating, you see a trade close and then it turns and goes your initial direction. Ugh…
My outlook for the coming month:
Bearish on the NZD/USD - Due to no rate hikes on the side of the RBNZ. Potential of going down. Milk prices down in New Zealand, major export of the country.
Bullish on the EUR/AUD - This pair is passing the lowest point from may 2013. Gonna look for good buy opportunities. Got to keep an eye on this one.
Bearish on the AUD/USD - Commodities are prices down. This should weaken the aussie.
Bullish on the USD/ZAR - Due to the huge dollar selloff this pair is gaining strength, but when the dust settles it should go past the 13 mark. Need to keep an eye on the gold and oil prices tough.
Also we need to keep an eye on Donald’s decisions. With 3 FED members already confirmed of stepping down next month or so, we have to see if those empty seats will be filled by Republicans.Thus Donald’s getting his way for a weaker dollar. Just my personal opinion.
