I now have a live account aswell as a demo account and if you want more information on how that is going you can become a member of the Wizardgold Web site and get a daily report on the state of the profits. Yesterday I put in $1367 to trade with and I have increased it to $1417.17 in less that 24 hours so far.

The demo account in the meantime is in a drawdown and is showing a profit figure (this is the number I look at to take money when there is profit there) of minus $4200 approx. The largest drawdown I have seen on this account is minus 6000 and about a week later I was taking profits of 800 dollars off it. So you can see it is just a matter of time for the correlation between the heddging pairs to go in the other direction and I will have more money there to hive off into the balance which is now standing at $20,392. Shame it wasn’t real money but no worries I will get the live account to that in a few months I think.

More About the Forex trading in the latest Podcast

If you are struggling to be able to listen to the enhanced Podcast in the m4a format  you might like to head off to this website where you can get it as an MP3

Missing the trading on the football and the horses but the IRIS system isn’t going to be there for me soon and the football only goes on until the season finishes in May. Trading Forex is the way forward.