Mathematics

First and foremost, I must say that only 50% of my trades hit profit, according to my research that's a very acceptable win rate for a forex trader, the key is making more profit on winning trades than you lose on a trade that stops out. For example, if you risk £100 per trade, you collect £150 on a trade that hits profit, that's a profit to loss ratio of 1.5:1, It doesn't have to be 1.5, it could be 1.3 or 1.6 maybe even 2:1 but I wouldn't go any higher than 2:1 as I think that's asking too much of "the market".

Each trade I take I risk a very small amount of my account, the general recommendation for Forex is to risk 1% of your account size and I think that's good advice, I would strongly recommend to never risk over 2% and its absolutely critical that the same percentage is risked on every trade.

Each week i'll be documenting my thoughts and trades, I'll take note of the results and document them as follows .

loss equals -1

Profit equals +1.5

For example, on a week with 4 trades, if two hit profit and two stop out I will document the results as:

Trade 1 = +1.5

Trade 2 = +1.5

Trade 3 = -1

Trade 4 = -1

Total = +1

If 1% of your account was risked on each trade, with a profit to loss ratio of 1.5:1, the total for the week would be a 1% gain.

Unfortunately, I will have loosing weeks, an example of this might be: 3 trades taken, 1 hits profit and 2 stop out

Trade 1 = -1

Trade 2 = +1.5

Trade 3 = -1

Total = -0.5

So on this occasion, that would be a 0.5 % loss for the week, loosing weeks happen, the important thing is to keep focused on making "good decisions" and have faith in the mathematics of a positive profit to loss ratio and over a long period of time, the account balance will end up in profit.