ITLFx Foreign Exchange trading

Sunday 1 July 2012

Hi All
I have been busy and quite tired this week so we have only took 3 trades.

The first one was two pairs USD\CHF and EUR\USD we lost $60.

Then we took a trade on USD\CHF and the EUR\USD making $104.

The third was on the EUR\USD only and it made $20.



Next week i hope to be more active and i will be sending everyone a new google doc with everything up to date including our new deposit due on Friday 6th July.

After the funds have been deposited i will work out our max lot size we can trade inside the 3% to 5% rule we need to stick to.

Our goal for now is to trade 2 mini lots ($2 Per Point) on each trade and add another lot when our account increases to that level and we can manage the risk.

Steve

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