A stroke of luck

Alright, as a update to my expectation that the GBP/USD will head north in response to the gap between the the pair and EUR/USD, I did long the GBP pair using virtual dollars. And based on the 1:100 leverage, I would have earned a 156% of what I had invested. It's pretty cool, because this gives me more buffer in the virtual account to practice.

Frankly, all this came as a matter of luck. I did not analyse the position at all before making the decision. In any case, I'm still at the very beginning of learning how to analyse currencies and have halted my experiment so far.

Things could have gone very wrong, like my partner Firman did say when I told him of the happening. Had it gone the other way round, which is a real possibility since the divergence would also have closed up in this scenario, I would have lost quite a bit of virtual cash.

On top of this happy occasion, I learned from blogtv.sg that there was a full-time forex trader who was asked to write a book on forex trading strategies, and that was a whopping 6-figure contract! Not that I ever dream of such a possibility, but it's really nice to know someone succeeded far beyond what I aspire to achieve through my blog.