Decided to start this post as I was inspired by those $99 to $100,000 USD challenge.
So I should start one myself.
A little background information about me is, still a Full-Time student, doing trading as a hobby and also my extra pocket money. Trading low risk (0.5% - 1% SL per trades) and doing high risk trading as well. Been trading for around 4-5 Years since and have traded this method on and off, only trading whenever I see a good opportunity. This is DOWNRIGHT GAMBLING so follow at your own risk. Of course the high risk trading will be done with on a separate broker and the starting capital will be:
$35 USD equivalent to around $50 SGD. Which is okay for me and I can afford to lose that capital.
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News Strategy:
Entry will always be done 2-3 seconds before news to avoid sudden spikes and hitting margin call.
Broker: (Important aspects!)
-Fast execution speed. (DEFINITELY NO BROKER THAT GIVES REQUOTES OR PLATFORM FREEZE DURING NEWS)
-High Leverage (>500)
-Negative Balance Protection
**Note that you may trade with low risks as well, however I would not suggest >0.3% risk for the trade due to the nature of volatility of the news event. Only trade with capital you can afford to LOSE, and I have to reiterate again that this is DOWNRIGHT GAMBLING.
So I should start one myself.
A little background information about me is, still a Full-Time student, doing trading as a hobby and also my extra pocket money. Trading low risk (0.5% - 1% SL per trades) and doing high risk trading as well. Been trading for around 4-5 Years since and have traded this method on and off, only trading whenever I see a good opportunity. This is DOWNRIGHT GAMBLING so follow at your own risk. Of course the high risk trading will be done with on a separate broker and the starting capital will be:
$35 USD equivalent to around $50 SGD. Which is okay for me and I can afford to lose that capital.
========================================================================================================
News Strategy:
Entry will always be done 2-3 seconds before news to avoid sudden spikes and hitting margin call.
Broker: (Important aspects!)
-Fast execution speed. (DEFINITELY NO BROKER THAT GIVES REQUOTES OR PLATFORM FREEZE DURING NEWS)
-High Leverage (>500)
-Negative Balance Protection
**Note that you may trade with low risks as well, however I would not suggest >0.3% risk for the trade due to the nature of volatility of the news event. Only trade with capital you can afford to LOSE, and I have to reiterate again that this is DOWNRIGHT GAMBLING.