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Documenting My Forex Trading Journey - Investment - Nairaland

Nairaland ForumNairaland GeneralInvestmentDocumenting My Forex Trading Journey (3058 Views)

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Documenting My Forex Trading Journey by FXtrader2025(op): 9:51am On Mar 03, 2025
I got into Trading about a year ago, to Fasttrack and have a more structured learning curve, i Paid for 6 Months Mentorship course, that was early last Year.
Now i have a little bit of Experience in the Market, even though i am not Profitable yet.

Decided to Create this Thread in other to Combat the Spirit of Over-trading, FOMO Greed and Impulsive trading. Though i have a personal handwriting Journal,
This Thread is going to serve as my online Diary and Journal too.

I will be posting my Trades and Rules in the Days, weeks and Months to come.
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 9:54am On Mar 03, 2025
Monday
March 3 2025
“Mondays are no Trading Days for me” i hardly get quality setups on Monday, Market tends to move sideways or Choppy.

Will be looking out for my setup in the next 4 trading days of the Week.
Re: Documenting My Forex Trading Journey by FXtrader2025(op):
shocked
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 8:57am On Mar 04, 2025
Tuesday March 4

LONG Position on Gold
Entry Timeframe H1

SL 2882.362
TP 2947.560


Down 5% on My Prop Firm Account

Re: Documenting My Forex Trading Journey by FXtrader2025(op): 12:29pm On Mar 04, 2025
FXtrader2025:
Tuesday March 4

LONG Position on Gold
Entry Timeframe H1

SL 2882.362
TP 2947.560


Down 5% on My Prop Firm Account
BreakEven on Gold
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 12:32pm On Mar 04, 2025
After i BE on Gold
I took a Short Position on USDJPY

Entry Timeframe: H1
SL: 149.296
TP: 147.003

Re: Documenting My Forex Trading Journey by FXtrader2025(op): 6:35pm On Mar 04, 2025
Closed USDJPY

Re: Documenting My Forex Trading Journey by FXtrader2025(op): 9:50am On Mar 05, 2025
March 5th 2025

Gold Trade Still Moving in our Direction, a Risk Free Trade, BE at 1:1
Well i Believe Gold is moving Slowly due to the News Coming out Tomorrow Thursday and NFP on Friday.
Going to continue holding my position Through out the Trading week.
If it Hit TP, i will move my SL to TP and try catching the News Candle. If it Reverses i already secured my 1:3 RR which is a win win

Re: Documenting My Forex Trading Journey by FXtrader2025(op): 4:39pm On Mar 05, 2025
Gold Hit me out at Breakeven and moved again in my direction, lesson learned.
Well not a bad week so far
Will be on the sidelines until next week we go again.

This week PNL (week 1)
Breakeven.
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 8:32am On Mar 10, 2025
Another Week to Shoot our shot again.
Week 2
March 10

Long Position on Gold

SL: 2903.666
TP 2949.55

Re: Documenting My Forex Trading Journey by FXtrader2025(op): 8:34am On Mar 10, 2025
Short on BTC

SL: 8305.34
TP: 80072.13

Re: Documenting My Forex Trading Journey by FXtrader2025(op): 9:31am On Mar 10, 2025
FXtrader2025:
Another Week to Shoot our shot again.
Week 2
March 10

Long Position on Gold

SL: 2903.666
TP 2949.55
SL Hit on Gold!!
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 8:12am On Mar 11, 2025
Week 2
Day 2
March 11
Long on BTC

SL: 78837.78
TP: 84,500.00

Re: Documenting My Forex Trading Journey by Nobody: 3:59pm On Mar 11, 2025
I feel like you are using jeffery benson's tatata strategy huh
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 4:24pm On Mar 11, 2025
Ebus03:
I feel like you are using jeffery benson's tatata strategy huh
lol yes o! Na the Strategy
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 4:25pm On Mar 11, 2025
FXtrader2025:
Week 2
Day 2
March 11
Long on BTC

SL: 78837.78
TP: 84,500.00
BTC closed in Profits at 1:2
Re: Documenting My Forex Trading Journey by Nobody: 8:30am On Mar 12, 2025
FXtrader2025:
lol yes o! Na the Strategy
Lol. Psychological levels and trendline!
just knew it had to be it.
Wishing you success in your prop firm journey.
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 9:05am On Mar 12, 2025
Ebus03:
Lol. Psychological levels and trendline!
just knew it had to be it.
Wishing you success in your prop firm journey.
Yes Boss, Simple and Straightforward grin
Thanks
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 9:08am On Mar 12, 2025
Week 2
Day 3
Long On GJ

SL: 191.372
TP: 194.500

Re: Documenting My Forex Trading Journey by emmaodet: 9:27am On Mar 12, 2025
Do you use copy trading ? And robots?
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 10:26am On Mar 12, 2025
emmaodet:
Do you use copy trading ? And robots?
Nope just Price Action.
Re: Documenting My Forex Trading Journey by emmaodet: 10:30am On Mar 12, 2025
FXtrader2025:
Nope just Price Action.
Okay
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 9:56am On Mar 13, 2025
FXtrader2025:
Week 2
Day 3
Long On GJ

SL: 191.372
TP: 194.500
SL Hit on GJ!
Re: Documenting My Forex Trading Journey by Nobody: 1:24pm On Mar 13, 2025
Are you trading a funded account? how has your progress been. currently down 1% on my challenge account but hopefully next week will be a banger!
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 1:44pm On Mar 13, 2025
Ebus03:
Are you trading a funded account? how has your progress been. currently down 1% on my challenge account but hopefully next week will be a banger!
not yet Funded but i have a live account on the Side.
I have been on this account since November, and to be honest my problem is not the trading pers say. Its just the destructive habits that i harbor that is making me lose money. But i’m Gathering experience on the Prop Account while making small change on my Personal live account.
And to be honest with you i am loving my personal account even more, because i get to withdraw my wins from $13 and above. And i am more careful with the live account.
Re: Documenting My Forex Trading Journey by Nobody: 2:22pm On Mar 13, 2025
FXtrader2025:
not yet Funded but i have a live account on the Side.
I have been on this account since November, and to be honest my problem is not the trading pers say. Its just the destructive habits that i harbor that is making me lose money. But i’m Gathering experience on the Prop Account while making small change on my Personal live account.
And to be honest with you i am loving my personal account even more, because i get to withdraw my wins from $13 and above. And i am more careful with the live account.
Sharp! what broker do you use?
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 3:46pm On Mar 13, 2025
Ebus03:
Sharp! what broker do you use?
Exness Boss
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 11:36am On Mar 18, 2025
Week 3
Day 2.

10k Prop Firm account and Live Account all blown!!

Not in a good emotional state To Trade.
Will be on the Sidelines again until Next Week!!

Risk Management ✅
Technical ✅
Psychology ❌

Lack Of Patience is my main problem!!
Well it is what is.
Going to work on Patience (Impulses) and FOMO.
I take Decisions out of FOMO and forget about my Trading Plan.
Never again.
Re: Documenting My Forex Trading Journey by ymdo(m): 9:51pm On Mar 18, 2025
FXtrader2025:
Week 3
Day 2.

10k Prop Firm account and Live Account all blown!!

Not in a good emotional state To Trade.
Will be on the Sidelines again until Next Week!!

Risk Management ✅
Technical ✅
Psychology ❌

Lack Of Patience is my main problem!!
Well it is what is.
Going to work on Patience (Impulses) and FOMO.
I take Decisions out of FOMO and forget about my Trading Plan.
Never again.
Mastering emotions is my greatest undoing in my forex journey. You are not alone.
Re: Documenting My Forex Trading Journey by Nobody: 10:09pm On Mar 18, 2025
FXtrader2025:
Week 3
Day 2.

10k Prop Firm account and Live Account all blown!!

Not in a good emotional state To Trade.
Will be on the Sidelines again until Next Week!!

Risk Management ✅
Technical ✅
Psychology ❌

Lack Of Patience is my main problem!!
Well it is what is.
Going to work on Patience (Impulses) and FOMO.
I take Decisions out of FOMO and forget about my Trading Plan.
Never again.
After a loss I cut risk in half. I never risk more than 1 percent per trade. If I take a 1%loss I use 0.5% risk on the next trade. If I take a 0.5% loss I use a 0.25% risk on the next trade. It will take me 15 to 18 losses back to back for me to blow my funded challenge account currently!

If your risk is very minimal, you won't revenge trade as it will mean nothing to you(I am assuming you have accepted losses as part of the game here). But what do I know huh I am still in the process of passing my challenge account.
Re: Documenting My Forex Trading Journey by FXtrader2025(op): 2:33am On Mar 19, 2025
ymdo:
Mastering emotions is my greatest undoing in my forex journey. You are not alone.
thats what i am battling with.
Impatience!! FOMO, i just have to be super rigid and disciplined.
Keeping my emotions in check is the biggest hurdle i am facing right now
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