They say it is the 8th wonder of the world, and I'd probably agree. It is the snowball affect where you have to have the patience in the early stages, to let the account build up slowly but surely. Eventually it will produce the desired results if you have a consistent profitable method and are willing to wait.
I still believe Oanda is a very good platform to trade with regards to using the compounding scenario. I did find if you nominated a certain percentage of your account to open a trade, the amount of units varied between pairs. This was obvious on the GBP. So I now just divide my account size by 333 each day and trade the unit size nominated. I'm not sure what one other poster stated about compounding being a double edged sword, as far as I am conerned, the position size varies with your account size, so if you are going backwards, then your position size should get smaller.
It is a great topic, and one where you can make a fortune if you are smart about it. It all comes down to patience, discipline and courage. Of course, we all know that! Cheers.
I still believe Oanda is a very good platform to trade with regards to using the compounding scenario. I did find if you nominated a certain percentage of your account to open a trade, the amount of units varied between pairs. This was obvious on the GBP. So I now just divide my account size by 333 each day and trade the unit size nominated. I'm not sure what one other poster stated about compounding being a double edged sword, as far as I am conerned, the position size varies with your account size, so if you are going backwards, then your position size should get smaller.
It is a great topic, and one where you can make a fortune if you are smart about it. It all comes down to patience, discipline and courage. Of course, we all know that! Cheers.
JAGfx