Trading with real cash in my second week i realise how easily people lose or make money in this game.
Started my account down 10% on inital capital ended the week up 35% on initial capital. Made some risky risky risky trades no doubt, but the majority of it was safe trades with about 1-2% return.
I know it will be rare to have weeks where your up even 10% let alone 35%.
I do believe stories of how people make 10-20% a month consistently, though i think the portion of traders is probably 2-5%. My goal was a moderate 1% a day, but greed has set in and aiming for 2% quite unrealistic and will probably make me lose all my money.
Tested the execution of oanda around news announcements, yeah spreads do widen and you get stop loss on some interesting spikes.
Where will the AUDUSD upward run end?
Started my account down 10% on inital capital ended the week up 35% on initial capital. Made some risky risky risky trades no doubt, but the majority of it was safe trades with about 1-2% return.
I know it will be rare to have weeks where your up even 10% let alone 35%.
I do believe stories of how people make 10-20% a month consistently, though i think the portion of traders is probably 2-5%. My goal was a moderate 1% a day, but greed has set in and aiming for 2% quite unrealistic and will probably make me lose all my money.
Tested the execution of oanda around news announcements, yeah spreads do widen and you get stop loss on some interesting spikes.
Where will the AUDUSD upward run end?