I have been trading for about 4 years. This is my first article for the contest. I would like to share some of my trading experiences and lessons I have learnt. Part 1: My first trade. I discovered forex trading while searching the web for something related to economics. I had no idea how to determine when or what to buy or sell but I knew that it was something I wanted to learn more about. I opened a demo account, spent a couple of minutes exploring the platform and started experimenting with different indicators. After a while I found a linear regression tool and used it to determine that the trend was moving down for EUR/USD. I opened 3 sell orders and after about an hour the demo account was up around 10% from those trades. An example of linear regression in JForex using an indicator from the JStore. My first trades were based on a similar situation to the one shown above. (Click to enlarge image) Even though I didn't really understand why those trades won, I was excited and told my friends and family about trading and how I thought I could make a lot of money from it. They didn't seem to think much of it. Nevertheless I knew I had to learn more about forex trading.Part 2: …
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