What am I trading

While I am also investing in Stocks, my focus lies on trading Forex.

My initial interest was trading stocks. During my studies about how to trade stocks I came across Forex. At first I decided not to bother about Forex. It looked too complicated. And I wanted to trade stocks anyway. But the more I read about Forex, the more I got interested in it. And being able to move large sums of money with only litle capital does sound interesting, doesn't it?

While at first I put Forex aside it slowly became more and more interesting. So I started to read about Forex. At first it was difficult to understand that you are buying one currency and selling the other simultaneously. Stocks were a lot easier. And than there is the talk about leverage and margin requirement. It was at first sight very difficult. But I did give it a try anyway. And I do not regret it a single bit. At times Forex did drive me nuts and at times it still does though. But more about that on a different post.

What I will be posting here is mainly referred to Forex and CFD trading.
I will try to keep my posts up to date.
I try to keep everything I do up to date and post live trades as well as setups I am keeping an eye on.

At this point I feel the need to mention that this blog is mainly for my own purposes. Everyboday with keen interest is welcome to join me on my journey. Please do not follow my trade setups. I am not a signal provider and am not planning to become a signal provider. Everything I post here is based on my own thoughts and my own views. I am by no means giving any trading suggestions. Everybody is responsible for their own decision. Please do not take my ideas as an invitation to follow suit. I take no responsibility on gains or losses occured by following my setups or my ideas. 

My humble beginnings

I had a keen interest in financial markets respectively financial instruments since my early years. I had no clue about how equities work. But stocks had a fascinating effect on me. The only thing I knew regarding financial instruments was stocks. As time passed I did realize that there are much more financial instruments then merely shares of a company. The vast number of instruments were exciting and at the same time frightening. How in the world are you supposed to understand anything amidst the vast number of instruments? What do you start with? What is better?

I did understand the concept of a fund (equity fund) pretty quickly. So equities caught my main interest. But how do I pick the right company? I had so many questions, but no one was there to help me. Finally I came in touch with equities for the first time of my life at the University. Terms such as share issue, dividends, distribution or accumulations were understood now. Being wet behind the ears, two fellow students and I decided we want to engage in the stock markets. Eventually we started our first engagement as elementary students of Business Studies.

 My first investment in equities was in 2001. I did a lot of research, without really knowing what to look for. I had no clue of what is important to know. But I was certain I was doing the right thing. My research singled out some individual stocks. The selected companies were Fresenius, Heidelberger Druckmaschinen and SAP. I was not interested in dot.com shares even though there was a big hype about them. So I had no interest in that sector at all. I also warned my friends from engagements in that sector.

Even though I knew about cost averaging I had no interest in a savings plan where you invest a certain amount each month on a selected equities fund. I wanted to make money. So I decided to put all my money on SAP and bought SAP shares. Soon I had a nice floating profit in my account. And I was proud about the profit. But the floating profit did not last long. Different factors lead to a recession. The optimism on the markets gave way to global terror warnings and wars. So I was experiencing a long lasting drought with my engagement. As mentioned already, I was wet behind my ears, but I knew not to be attached to the capital that was invested. So I did not really care that I was losing on my investment. Fortunately the shares gave me profit eventually, after years of waiting. My profitable investment in SAP,a DAX company, was more luck than judgment. Fresenius would have been as good of an investment.

I had a keen interest on charts at my first steps approaching the financial markets. The three of us were sitting at the computers at the University looking at charts. But we had no clue what to look at. We were throwing in some indicators not really knowing what they meant. But they gave us the impression we knew what we were doing. At times when I think back how much of greenhorns we were still puts a smile on my face.

About me

Hi, I am TraderTrade. It’s nice you found interest in my Blog. This is my first blog ever. With that said it is obvious I am a bloody rookie when it comes to blogging. You will notice quickly that I am posting in English and German. The main language I am going to be using here is English. Reason being, English is necessary if you want to trade FOREX. However if you come across a German post that is not available in English and you would like to have an English translation, contact me. I will give my best to provide you the English translation. But bear with me if the translation takes longer than expected, as trading comes first.

So why am I even staring the blog? I have so many thoughts in my mind that I need to put first on words then on paper (in this case on PC). This will help me evolve personally and help me improve my trading endeavor. The blog is going to be like a trading journal for me. I’ll post my thoughts and ideas here. At times there is more than one setup to keep an eye on. The blog will help me to keep a tab on all the setups and future trade ideas. Further, the purpose of the bog is to document my thoughts on trading psychology, risk- and money management, market structure and what else is important for trading. You are invited to participate. I hope you’ll find this blog helpful.