In this post I am going to explore how you can seriously leverage up your trading account. I have also posted a seriously good video on youtube which I hope will help many of you make money.
This is a trade I took last night on AUDCHF, although it was not perfect the rist to reward was 3.75, So lets say you are trading a $10,000 prop account. You risk just 1% on the trade, so that $100 risk. I was using a 5 pip stop so $100/5=20.
So I should be trading for $20 per point so my 18 point target should give $360 of profit. Now, trading a prop account I only have to make 10% and I get through my first evaluation phase. I have just to find 3 more trades like this and I have hit my evaluation target.
Inserted Video
This is a trade I took last night on AUDCHF, although it was not perfect the rist to reward was 3.75, So lets say you are trading a $10,000 prop account. You risk just 1% on the trade, so that $100 risk. I was using a 5 pip stop so $100/5=20.
So I should be trading for $20 per point so my 18 point target should give $360 of profit. Now, trading a prop account I only have to make 10% and I get through my first evaluation phase. I have just to find 3 more trades like this and I have hit my evaluation target.