My Hyip Escapade - My Forex Performance

My Forex Performance

By Casey Lim, on 05-06-2008 11:32

Published in : Forex

Well, it’s been four months now and I must say, my forex Expert Advisor performances are pretty disappointing.

I guess it is my fault. Too must testing and tweaking on my live account.

I previously mention before, if a forex EA is that good, base on their testimonial and forward result, then why not straight away put it on live?

Yes, that was the principle I went on. And to make matters worst, I was greedy, I committed on of the SINS in trading….. I overtraded.

Even if you have the best forex EA around, I still should not overtrade. EA were made to trade automatically for you on a 24 hour market, and thus, prudence must be taken to PROTECT YOUR EQUITY/CAPITAL. That was the main and number ONE rule that I broke.

So, one piece of advice here is, even though Automatic Forex Trading are now possible, one must not treat it as a cash cow machine and think that it is the holy grail to make money from the market.

Number One Rule should also apply on automatic forex trading. DO NOT OVERTRADE. (mental note)

Ok.. after 4 months of automatic trading while I did not lose much, it is still a lost. Profits wiped out. 

Anyway, here is my month to month performance.