Wednesday, July 8, 2009

Nano Accounts

I had some money in an AlertPay account and decided to open a nano forex account with LiteForex.org. Here are the results thus far:

TypeLotsItem Price PriceTrade P/L
balance deposit
951.00
buy1.00eurusd1.38941.3881-130.00
sell0.10eurusd1.38831.386023.00
buy0.10eurusd1.38701.38755.00
buy0.10eurusd1.38901.38900.00
buy0.10eurusd1.38601.38655.00
buy0.10eurusd1.38491.38545.00
buy0.10eurusd1.38501.386010.00
buy0.10eurusd1.38471.38525.00
buy0.10eurusd1.38381.384810.00
buy0.10eurusd1.38351.38438.00
buy0.10usdjpy92.5192.6110.80
sell0.10eurusd1.38541.38540.00
buy0.10usdjpy92.7192.8110.77

-37.43


Trade P/L:

I'm down 37.43 cents, but that's not bad considering my first trade threw me off. I thought I had a single nano lot on, but it turned out to be a micro lot. Everything else went okay. Not great, but I managed to make back ~$1 of my loss.

PS: I closed my position in the other account. I kept getting hit with 15 cent rollover fees and had no way of averaging down. I also got alittle concerned when we neared 1.37 territory.

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