ITLFx Foreign Exchange trading

Saturday, 14 July 2012

Hi All
Friday we made $70 by entering 2 positions on the Eur\Usd pair. Click on image to enlarge.

The plan was to reverse the trades for that news announcement but it happened so quickly i missed the entry and it was too risky to take the trade after that.

I'm not sure exactly how much we made last week but it is in the region of $90 to $100.

In the next few weeks i am going to open a spread betting account in the UK because i was charged a small fortune transferring our new balance to the US account.

It was always the intention to do this anyway if we became consistently profitable because with a spread betting account you do not need to pay capital gains TAX. The US account is not tax exempt.

Steve

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