My first trade

For my first currency trade this past wednesday, I decided to buy GBP/USD, in all honesty for no particular reason (I am still learning to read charts and understood even less then than I do now). I decided to trade a standard lot as per Leena's advice. The next day, I was pleased to find that prices had gone up and were continuing to do so. I also decided to put in place a limit and a stop loss in case the numbers suddenly changed. However, as the upward trend continued throughout the day, I continued to alter my limit and stop loss accordingly (which I realize kind of defeats the purpose of a limit in the first place). When I checked back Friday morning, I found that my price had reached its limit and closed itself out. According to my activity record this was set at 1.47526- a random decision once again. Looking at the charts, this turned out to be extremely lucky for me, as the price peaked soon after (I can't quite figure out the exact amount on the graph but it appears to be around 1.4758). In total, I earned a profit of just under $2000.

Because fxGame is currently down and will not be up and running until tomorrow night, it's difficult to say what my next move will be. By then prices may be completely different than what dailyfx is predicting now, and so I will just have to continue to check in.