I jumped on forex.com and deposited $1100. I have a 200:1 account so i place a 180k order thinking obviously it is going to go up. Being overly confident I didn't look properly and i made a order to sell AUD. Initially it was going well, AUD was dropping but then it turned :P. I was sitting here thinking hmmm oh crap i think I'm going to get margin called (they forcefully close out the orders). So i decided to quickly sell that order but not before loosing about $500. I use my remaining $600 and make a order for 50k AUD. That didn't end too well either. At the end of the first 2 hours i have had 3 margin calls and down to $100 LOL.
Not one to give up i put another $3000 in this time determined to only buy enough that a margin call was to be less of a risk. I placed a 200k order. I made back my losses this morning. I stupidly sold out the position thinking the AUD was going to crash short term, alas i was wrong and cost myself about 20 pips when i re-bought.
Right now its up 24.2 pips but that can easily change in a matter of moments. I think i will leave this order open and see if the AUD will rally (I hope so haha)
Hui
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