thefxpivotpoint.com

November 2007

NOTE: Trading range for statistics below is based on November 15th through December 15th.

Statistics

NOTE: Largest win, largest loss and maximum drawdown are measured in pips.

November Journal

The first thing you will notice is the increase in the number of trades. This usually means an increase in volatility or I'm over trading. After I analyzed this period both were true - It was much more volatile and I over traded. Obviously the best number above is the percentage gain. It was a good month. Also take note that the largest loss should never be more than 15 PIPS... unless of course I go against my number one rule and move my stop. Trade the plan. (I'm giving myself advice) Let the market come to you!!

Note: The Foreign Exchange market is the largest financial market in the world with an average daily turnover of 2 trillion dollars. It is thirty times larger than the combined volume of all US equity markets.

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.  Prior to trading any instrument you should carefully consider your level of experience and risk appetite. Do NOT trade based on recommendations from this site. We show you how to think for yourself. If you lose money be man or woman enough to accept responsibility for your own actions   

Quote: David Dreman

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