A large majority of threads and TE's are for people who like to day trade and that is perfectly fine. I have made a decent amount of money day trading. But what about people who work a 9-5 (or longer)? People who don't want to (or can't) spend hours in front of a computer screen looking for a magical pip or two here and there. For those people, I have put together this thread/journal.
The rules:
1. Trade EURUSD only
2. Trade on the daily time frame only.
3. Start with $500.00 (there is actually 510.53 in the account right now).
4. Add $25.00 per week to the account. Most people including myself waste more than that in a week (work lunches, booze, cigarettes, eating out, etc)
5. No more than 10 minutes of trading time each day!
6. No monthly pip targets. Some months will be good months other months we give a little back.
7. My risk is my risk. Everybody's tolerance for risk is different. Since we are only trading one pair on a daily timeframe then for me the risk per trade can be higher.
8. THIS IS NOT TO BE CONSIDERED TRADING ADVICE! This is just me sharing with others the potential of Forex.
Goals:
1. By May of 2027 this account will generate more than enough to live on.
2. Show people that it doesn't take a massive amount of time or effort to generate a significant income with Forex.
3. Share a simple system that with patience will yield significant returns.
4. Show people that you can trade and have a life as well.
I make no guarantees as to how often I will post in this thread. I will try to post daily but with a trade explorer attached it will do most of the talking for me.
The rules:
1. Trade EURUSD only
2. Trade on the daily time frame only.
3. Start with $500.00 (there is actually 510.53 in the account right now).
4. Add $25.00 per week to the account. Most people including myself waste more than that in a week (work lunches, booze, cigarettes, eating out, etc)
5. No more than 10 minutes of trading time each day!
6. No monthly pip targets. Some months will be good months other months we give a little back.
7. My risk is my risk. Everybody's tolerance for risk is different. Since we are only trading one pair on a daily timeframe then for me the risk per trade can be higher.
8. THIS IS NOT TO BE CONSIDERED TRADING ADVICE! This is just me sharing with others the potential of Forex.
Goals:
1. By May of 2027 this account will generate more than enough to live on.
2. Show people that it doesn't take a massive amount of time or effort to generate a significant income with Forex.
3. Share a simple system that with patience will yield significant returns.
4. Show people that you can trade and have a life as well.
I make no guarantees as to how often I will post in this thread. I will try to post daily but with a trade explorer attached it will do most of the talking for me.