ITLFx Foreign Exchange trading: August 2012

Thursday, 23 August 2012

Hi All

Sorry for not updating for a while. I have been busy and not took so many trades lately.
I was on holiday for a couple of days in the first week of August and we made approx
140 points ($140),

Since then we have made a couple of $20 or $30 trades but lost 1 $60 and a $30 trade.
Today we made $49 so all in all everything is good and moving in the right direction but
slowly at the moment.

A while back i talked about opening a spread betting account and transferring our account
to this UK based account. The account is now open but i did not transfer the cash yet.

Before i transfer the cash i want to test it out first to make sure it is as functional etc as
the US account. Also i am watching the Pound against the Dollar to try and get a decent
exchange rate because we will be charged a standard fee on top of losing a little to the
exchange rate.

For the above reasons i am going to fund this account with a little of my own cash to test
it out before we commit.

Steve