I started forex trading on Aug 07 and already blown 4 live account in period Aug - Oct..I never do demo in that period so as expected ...
So for Nov & Dec ,I stop trading and doing some reading and demo..
I really enjoy reading thread by PEterFM , James16 , Auslanco, Malaysia and Jacko .. really an eye opener..THank you guys..
So I will start trading back this Jan .
My start up live capital would be USD500 ( mini account )
I will risk 20% on first trading day.
So next day trade will be same 20% + the profit I gain previous day and so on till 20 trading days .. ( So I got 5 chances from USD 500 )..
My target profit are 25% per trade..
My target is 4 trades per day .. depends if 1 trade already gave me 25% day profit so, no more trade that day..
My trading time would be Mid Asian session to end London session..
I will trade only on GJ,GU,AU,NU,UCAD & UJ pair only.
So let see how far or long I can go this time..:
If I blew again this live account, I will stop trading till Apr and start back on May..
This is my projected figure for first trading month..
My trading system will be base on 4MA = 5SMA , 20WMA , 50EMA & 100SMA
MACD 12,26,9
FX Snipers' Ergodic CCI & Trigger 2,10,5,3
I will update weekly this thread with results of my trade..
HERE I GO.. Good luck myself
So for Nov & Dec ,I stop trading and doing some reading and demo..
I really enjoy reading thread by PEterFM , James16 , Auslanco, Malaysia and Jacko .. really an eye opener..THank you guys..
So I will start trading back this Jan .
My start up live capital would be USD500 ( mini account )
I will risk 20% on first trading day.
So next day trade will be same 20% + the profit I gain previous day and so on till 20 trading days .. ( So I got 5 chances from USD 500 )..
My target profit are 25% per trade..
My target is 4 trades per day .. depends if 1 trade already gave me 25% day profit so, no more trade that day..
My trading time would be Mid Asian session to end London session..
I will trade only on GJ,GU,AU,NU,UCAD & UJ pair only.
So let see how far or long I can go this time..:
If I blew again this live account, I will stop trading till Apr and start back on May..
This is my projected figure for first trading month..
My trading system will be base on 4MA = 5SMA , 20WMA , 50EMA & 100SMA
MACD 12,26,9
FX Snipers' Ergodic CCI & Trigger 2,10,5,3
I will update weekly this thread with results of my trade..
HERE I GO.. Good luck myself