Hi to all that read this thread, I am posting this as a journal of my quest to turn my £20,000 account into £250,000 by the end of 2009. I will primarily trading the GBP/USD but possibly other pairs on those days when my primary pair are not offering much opportunity for profit. I will be intraday trading primarily the 5 min time frame, sometimes scalping, but also taking advantage of longer trades when available. Living in the UK I am able to spread bet on the Forex so all gains are totally tax free. The spread on GBP/USD is 3 pips, and initially I will be trading £10 a pip using a SL to limit my risk to 2% of capital. I will post results (hopefully daily)
I started trading on Monday 26/01/09 and currently my account is at £20,657 after 4 days trading, it was at £21020 on tuesday, but yesterday lost £902 managed to pull back £539 today, now looking to get back above £21000 tomorrow.
More tomorrow
May the pips be with you
I started trading on Monday 26/01/09 and currently my account is at £20,657 after 4 days trading, it was at £21020 on tuesday, but yesterday lost £902 managed to pull back £539 today, now looking to get back above £21000 tomorrow.
More tomorrow
May the pips be with you
If it is to be - it's up to me