Morning started with me transferring USD100 into the account of one Mr. Nim who acts on behalf of IKO Fx... hmmm... things have changed.. I am depositing money into a stranger's account.. just because the website tells me to...
After depositing, I text him my details and I decided to call him and have a chat. A chat we had and he wished me luck in my trade. Pleasantries exchanged, I noticed my account being credited with USD100... and... well.. here goes... nothing... anyway, I just comforted myself... with their exchange rate of RM3.7 for USD1, I am merely burning RM370, which could easily have gone off in 30 minutes up in Genting, so what the fuss.
Within minutes of trading, I realized the following:
1. Do not worry nor fret. Opportunities will come again and again and again, just like the stock market but this one comes more rapidly and more intensely.
2. One needs to have clarity of mind to trade. Furious trades, exit after making 10cents, 20cents or 50cents. It can come very fast.. well, in the same vein, it can go as well, but most of the time, the opportunity comes back.
3. Do not panic.
Well, I trade only on the free hours or minutes that I get in between office work. Not that much of time but I think all in all I locked in some 8 hours of trading till about 2.30am the next morning. Well, I have time to burn waiting for Manchester United v Totenham Hotspurs that starts at 3am on Tuesday morning. Forget about the fact, that I will be sleep on Tuesday.
My trade ends with a gain of USD49.67 on the back of an intial investment of USD120, well, you put in USD100 and after some trade, IKO credit a free USD20 into your account! Well, on that score my returns for Day 1 was hefty 41.39% of investment!
Events and issues that I noted on my first day of real trade:
1. Not too sure if it is the case, the matter of Gadaffi's fall although not substantiated, just that news that filtered through was that of the rebels holding a large part of Tripoli actually triggered a meltdown of EUR and GBP. Well, I did not notice the others as my trade lies mainly on EUR/USD, GBP/USD and to a much lesser extent USD/CHF.
Certainly I would have made more than the 41% of not for this event as I was buying EUR adn GBP. Cursed my luck, but trust me.. more of these darn moments will surface in the course of my endeavour.
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