Forex

About a year and a half ago, I saw an infomercial about 4xMadeEasy. I had already been interested in forex trading but really needed a jumping in point. I went to the seminar, bought the software, paper-traded very successfully for a month, opened a real account and promptly lost over half. I learned that I still had some things to learn! I started doing some more reasearch and reading and actually left the 4xMadeEasy software for more technical charts I found online (which were free instead of $99/month!). I sold the 4xMadeEasy software for almost what I paid for it and was glad to have had it if for no other reason than that it got me into forex trading. I did quite well over the summer but when school started up again this fall, I didn't have enough time to keep up on everything so I stopped trading full-time. But that doesn't mean I have stopped following the markets. In fact, I check the charts at least once a day most days.

As I have been watching the Eur/USD pair (my favorite to trade) the last few months, it seemed as though a bottom was forming. After reading a few articles on the issue, I decided to jump in after a prolonged absence and go long on the Eur/USD. The timing couldn't have been better. I woke up the morning after I had put in the trade and had doubled my money! I wish I would have just let the trade play out because instead of letting it go I closed the trade (I've seen too many of those profits just melt away while I let them go hoping for another climb!), and as I watched it today I realized I would have doubled my investment again! I did get back in but not as soon as I would have liked and now I'm a little under water. I need to be patient though because I really see the Euro taking back some of the losses against the dollar.