Hi everyone,
In this journal, I'm going to keep a record on the journey of my Trade For Free CMS account.
For those who don't know, to promote their lauch, CMSFX (an international division of Capital Market Services) gave away 500$ accounts to everyone able to make 500$ profit on a 10 000$ demo account (I'm not sure about the 10K, maybe it was 100K). Pretty easy don't you think! Well, yes it was.
More information and statements here and here.
After one week, my real account was opened with 500$.
I start trading this account on September 24th 2007.
I never withdraw anything since I have to trade 30 Lots (equivalents of 3 000 000) and right now, I have traded 20 Lots.
I don't have a proper trading system - I use mostly S/R levels as breakout levels to enter a position. I trade mostly GBPJPY, EURUSD and GBPUSD.
Money Management is pretty simple since CMS doesn't allow micro lots => The volume for each position is 0,1 Lots and I don't have more than 3 positions opened simultaneously. I'm going to raise the volume to 0,2 when I reach 3000$.
Enjoy this journey with me.
In this journal, I'm going to keep a record on the journey of my Trade For Free CMS account.
For those who don't know, to promote their lauch, CMSFX (an international division of Capital Market Services) gave away 500$ accounts to everyone able to make 500$ profit on a 10 000$ demo account (I'm not sure about the 10K, maybe it was 100K). Pretty easy don't you think! Well, yes it was.
More information and statements here and here.
After one week, my real account was opened with 500$.
I start trading this account on September 24th 2007.
I never withdraw anything since I have to trade 30 Lots (equivalents of 3 000 000) and right now, I have traded 20 Lots.
I don't have a proper trading system - I use mostly S/R levels as breakout levels to enter a position. I trade mostly GBPJPY, EURUSD and GBPUSD.
Money Management is pretty simple since CMS doesn't allow micro lots => The volume for each position is 0,1 Lots and I don't have more than 3 positions opened simultaneously. I'm going to raise the volume to 0,2 when I reach 3000$.
Enjoy this journey with me.
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