Enter the forex market!

Today's pretty exciting too, because I managed to settle all the administrative problems and started using a platform called Marketiva to trade.

Now, they offer USD10,000 in a virtual account to play with. And I treated it as that, money to gamble, since it is my first day at handling the forex market. I found it really easy to use and I don't have to strain my eyes to read any graphs or data.

However, there's the downside. I stretched myself out and tested the market using simple technical method of support and resistance levels by looking at the past performance of the pairs. And put simply, that didn't work. Overall, all my trades lost 100+ pips each. So I currently, nearing the market close, would have chalked up some 1000+ pips loss. But thank goodness all these are in virtual amounts.

But considering what I did today, I thought it would be really scary to see so much red in a day. And I realised what I heard at some forex pre-seminars I attended is pretty true. It take mental strength to be a big player or investor, whichever one believes a person involved in the forex market to be.

I shall wait for a rebound next week, when the US markets get more active again.