Hi Starlogic,
I was trading the same pairs as Bob (low volatile) Things have gone really downhill for me. I traded my account from $2500 up to $3600 over 3 or 4 months trading .02 standard lots. BUT....after the recent trending my account took a fatal hit... my equity is now at about $300 I found that because most pairs are so correlated they almost all move in the same direction. A couple of key things I learnt from this is:
.02 standard lots for my account size was too big for the amount of pairs I was trading (12 pairs)
DO NOT let your account go over 20%DD. Close out trades when this happens, so DD comes back down.
At the moment my balance is $1300 so i'm just going to recover these last trades I have and then probably withdraw my $$
I was trading the same pairs as Bob (low volatile) Things have gone really downhill for me. I traded my account from $2500 up to $3600 over 3 or 4 months trading .02 standard lots. BUT....after the recent trending my account took a fatal hit... my equity is now at about $300 I found that because most pairs are so correlated they almost all move in the same direction. A couple of key things I learnt from this is:
.02 standard lots for my account size was too big for the amount of pairs I was trading (12 pairs)
DO NOT let your account go over 20%DD. Close out trades when this happens, so DD comes back down.
At the moment my balance is $1300 so i'm just going to recover these last trades I have and then probably withdraw my $$