Hello folks .. I just can’t find a suitable forum to post this, so I decided to post it here since this is my first post.
I've been trading for 1 year now with Oanda. I just trade small, I started my account with $500 at Oanda. I don’t like virtual account. It didn’t give me the real feeling of trading. So I've been testing and testing on a live account. Thanks to Oanda, I can risk small amount per trade.
Along the way, I manage to fine-tune my strategy. I trade on GBP/USD only and I only take 100 pips a month. No more, no less. 100 pips are enough for me. And since April 2006, im consistently manage to get 100 pips monthly. Most of the time in the first 2 week of the month. If I tend to be greedy more than 100 pips, I will lose that month.
Now, I'm in a dilemma. April next year I will start paying my house mortgage. And looking at my day job current income and increment next year, is either I wont be able to serve my loan or me and my family wont have anything to eat each month.
I'm thinking to take a small loan to fund my trading account. If I do this, I will have enough money to top up my day job income, serve both loans, have a roof and food for my family. And I can also slowly built up my trading capital.
I'm just putting this on the table. I'm feeling a bit depress and I need to let it out a bit. I've been thinking about this a lot. Any advice will come in handy.
Another thing is that concern me is about Oanda itself. I'm thinking to split my capital to 2 brokers. I just worried; one day Oanda will go out of business I will lose all my money. Can anyone suggest a broker that have similarities like Oanda ?
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I've been trading for 1 year now with Oanda. I just trade small, I started my account with $500 at Oanda. I don’t like virtual account. It didn’t give me the real feeling of trading. So I've been testing and testing on a live account. Thanks to Oanda, I can risk small amount per trade.
Along the way, I manage to fine-tune my strategy. I trade on GBP/USD only and I only take 100 pips a month. No more, no less. 100 pips are enough for me. And since April 2006, im consistently manage to get 100 pips monthly. Most of the time in the first 2 week of the month. If I tend to be greedy more than 100 pips, I will lose that month.
Now, I'm in a dilemma. April next year I will start paying my house mortgage. And looking at my day job current income and increment next year, is either I wont be able to serve my loan or me and my family wont have anything to eat each month.
I'm thinking to take a small loan to fund my trading account. If I do this, I will have enough money to top up my day job income, serve both loans, have a roof and food for my family. And I can also slowly built up my trading capital.
I'm just putting this on the table. I'm feeling a bit depress and I need to let it out a bit. I've been thinking about this a lot. Any advice will come in handy.
Another thing is that concern me is about Oanda itself. I'm thinking to split my capital to 2 brokers. I just worried; one day Oanda will go out of business I will lose all my money. Can anyone suggest a broker that have similarities like Oanda ?
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