Well, this is my first post and pardon me if my posts seem quite basic. Getting the hang of things.
I'd like to start off this thread with some background about myself and my trading account.
I've been trading mostly demo accounts for the past 6 - 8 months. I have another real account which is a micro account and have been trading on that one quite regularly. This account had a 50% consistent growth every month but in late October early november, I did some stupid trades (thanks to the US elections) which almost killed my account. Anyways, to cut a long story short, I managed to revive (break even) on that account and in the process learnt quite some things.
My Sunbirdfx account was basically a free account. The $100 in my account was due to a competition that I had won. Now I need to make 15 Lots by end of January in order to claim my profits. Currently I trade only micro lots due to the account restrictions.
Strategy: I picked up the Sidus method and use it alongside the awesome oscillator and use the ergodian indicator.
Time frames: I mostly trade the 4 Hour charts - 1 day
My weak points:
I'd like to start off this thread with some background about myself and my trading account.
I've been trading mostly demo accounts for the past 6 - 8 months. I have another real account which is a micro account and have been trading on that one quite regularly. This account had a 50% consistent growth every month but in late October early november, I did some stupid trades (thanks to the US elections) which almost killed my account. Anyways, to cut a long story short, I managed to revive (break even) on that account and in the process learnt quite some things.
My Sunbirdfx account was basically a free account. The $100 in my account was due to a competition that I had won. Now I need to make 15 Lots by end of January in order to claim my profits. Currently I trade only micro lots due to the account restrictions.
Strategy: I picked up the Sidus method and use it alongside the awesome oscillator and use the ergodian indicator.
Time frames: I mostly trade the 4 Hour charts - 1 day
My weak points:
- I can't seem to find the right take profit levels
- I need to trust my indicators more (ex: I didn't really believe that EURUSD would breach 1.30 mark, my loss )
My goal: To reach atleast $200 by end of January in net profits so I can claim my profits. By March, I hope to make $600 in profits so I can buy myself a nice desktop