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Indianapolis, In ADM  21:07:07 GMT - 10/15/2012  
I'm just starting out with a practise account at, and another at From what I've seen so far, I prefer the platform, but they only allow you to practise for 30 days. That's why I went to Not sure yet where I'm going when I'm ready to start trading with real money.

I started out selling 100,000 EUR/AUD at around 1.26, and placed my stop loss at 1.32. I've calculated a potential loss in excess of $8,000 US.

I find it interesting that I had to do those calculations myself. I get the feeling they want you to feel, and act, like you're in a casino. Even though it's only play money, I'm trying to act like it's real money. Better practise that way.

I think forecasting currencies is actually easier than forecasting stocks. Only problem is, unlike stocks, if you approach the currency markets without a good plan, you're going to get your butt handed to you real fast.

And why did I decide to play the short side of EUR/AUD? Over the past year, EUR had the strongest performance, and AUD had the weakest. Just following the trend. And if we've reached a turning point in the market, well that's what stop loss orders are for.

I would appreciate some feedback on what I'm doing from some of the more experienced traders.

Indianapolis, In ADM  21:10:18 GMT - 10/15/2012  
Clarification: AUD was the strongest, and EUR the weakest. Just a typo.

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