Introduction

Hi everyone, my names John, author of the book "The Forex Formula" I have ten years experience trading the Forex market and I've made the decision to put what is essentially my trading journal into full view of the world, with my "in the moment thoughts" as they happen.

On average I make three 'decisions' a day and I average around three trades per week, My hope is that by seeing how I go through the process of making a decision, backed up with logical reasoning, it may help anyone trying to make profit in the complex world of Forex trading.

Although this is certainly not intended to be a signals service, I document each trade I take, live as soon as I've placed it.

I hope you enjoy joining me on my journey and I hope you find it useful.

STRATEGY: My strategy is to gain enough knowledge to understand what is moving each currency I trade, I then study support and resistance and make a logical decision on what I think is the right thing to do in that moment based on momentum and underlying fundamentals. Using a profit to loss ratio of 1.5:1 ensures that I can lose half of my trades and still make money.

For me the vital key to being consistently profitable is to day after day make decisions you would still stand by tomorrow regardless of the outcome. To do this I must be confident that I have enough knowledge and understanding of the days narrative and how each currency could be affected, then if I constantly make what I would call a 'good decision' (a decision I would still stand by tomorrow), over time the results work in my favour.

Gaining enough knowledge to understand the cause of the moves in the Forex market on a daily basis is difficult and my hope is that this blog becomes a short cut to the knowledge needed and hopefully you will soon be confident enough to make 'good decisions' on your own.