The Forex Trading Room End/Start of Week Report for Aug 5th, 2018

Last week was a recovery week, coming off the prior week’s result. That prior one was probably our worst week of the year so far, and one of only a handful of losing weeks we’ve had in Fiscal 2018. It did highlight the fact that the market has shifted, and what was working before is not necessarily going to keep working. Successful traders adapt to the market, the market won’t adapt to us. In that light, we shifted our approach this week that just ended, and the results are already in.

The short term account added 6.17% gains in one week. Here are the full results.

Weekly Short Term Account Results

• 10 trades closed, 5 wins, 5 losses
• 50% Win Ratio for the week (proof that it’s not about being right more often, it’s about managing equity and trades)
• 171 pips of net weighted profit for the week
• Account growth of 6.17% for the week
• 2 trades held open through the weekend

And here is our Long Term Account Ledger for Fiscal Year 2018, with results we’re particularly proud of. Our subscribers get access to both accounts, and every single trade we place. The Long Term Account is carrying in excess of 37% gains for this fiscal year so far. No hype, no crazy risks, just simple and effective trading, by people who trade for a living.

Join our sessions and trade in real time with us. This is the way trading should be, fun, safe*, and ethical (when we lose, we don’t sweep it under the rug, there is no such thing as a 100% trading system). Will we see you next week?

*All trading carries risk. Trading Forex has the potential of losses exceeding your funds. Never trade with money you cannot afford to lose. While we have a stellar record, past performance is not necessarily indicative of future performance and no guarantees are made or implied.

The following two tabs change content below.

• Bio
• Latest Posts

Andres Pedraza

Director at Special FX Academy

Founder and Director of Special FX Academy, Andres is now a full time trader, mentor, and writer. In the past, Andres has held director level positions at venerable trading exchanges including New York Stock Exchange, Euronext, and Fannie Mae. Buy his Forex Trading book here!

Latest posts by Andres Pedraza (see all)

• Our Trading Results for the last 12 months - April 2, 2020
• Quarterly Results – Q1/FY19 - June 30, 2019
• Key Update on Dollar Weakness and Brexit - March 20, 2019