Am I Ready To Go Live Again?

Ok hello every one here's a trader's comparison of gap of just 2 month's.

Before

1-Market is open 24 hours i should trade whenever i have time to.I trade from
3 hrs before London open to Newyork close.

2-I should not trade in higher TF Stops are big and that's boring also. I am trading 5m TF.

3-Indicator's are so colourful, Beautiful and of course's they give the reason to enter and exit.

4-I know there is something special about me i don't have to consider Money Management, Discipline, Patience, Greed and all the other bs it's for other people who are not gifted like me.

5-Risking 3%-5% on each trade. Then what's the point in trading FX??
Deposit of 100$ and minimum lot size of 10,000 1pip=1$.

6-It takes a minimum learning period of 10-20 month's for even trading at BE. BUT I AM GIFTED I will be a millionaire in this time.

7-I know There is something with i can trade without a single losing trade.

8-Never miss an opportunity if price is hitting a trend line, fibb or if RSI, Stoch is Oversold Overbought or hitting the Bollinger band whatever
DON'T MISS THE OPPORTUNITY.

Now

1-Yes it's open 24*5 but the oppertunities for for profit are not always there
maybe for one trading system it's a trade but for another it's simply not.

2-Ok stops are high but profit level's are also and with lower TF's there would be more trades and i'll be more vulnerable to loss and lower the TF the less respect for Trend lines, pivots and fibs. Now iam trading on 1h & 4h.

3-They look beautiful and when some one else will see your screen he would we be very impressed but they hide the price they lag they lead and some times they are no where.
Now i have 5 MA's, A MACD, Trend lines, Fibbs.(4h macd strategy)


4-That one cost me around 700$(not much thank's GOD). People are special people are more gifted then other's in different field's of life But when you are doing something like trading forex you will have to learn. Intelligence will only determine the period BUT YOU HAVE TO LEARN IF NOT YOU WILL BUT THE HARD WAY OF COURSE.

5-Can't believe that was me.

6- When it comes to learning you learn until you die.

7-There is nothing like it but if it is there something like this doesn't make sense for searching for it rather learning for other valuable tool's. Loses are in every business al you can do is to manage them in good way so they should not cost you more then your earned profits.

8-145 trades in two week's never missed any opportunity but never made a profit also.LOL. I can't remember somewhere I read "it's better to wish for being in a trade rather then wishing for not in a trade.

I started a demo account of 250$ on 1st June and as of now i am at 700$ with 133 trades risking around 3%-7% of equity.

I would still suggest you register 2 paypal acc

then use credit card to send 11$ money from 1 acc to another acc
then deposit to oanda with another acc
(you need to bother this only if your cc bank refuse to pay oanda directly)

in this way you'll get a 10.x$ acc
and can trade 10$ position on high timeframes or 100$ position on M5.

trade live with a demo mt4 w/ ecn price feed and place limit orders in oanda... till you blow it up in one month or survive in 3 months...

you can add 10$ every month to gradually increase position size you're comfortable to trade with.

if you blow up, do not trade any more till you deposit another 10$ in it in 20th of next month... this is a way to avoid overtrading and gambling when loss.

within the 1st 12 month you will see your acc growth because of continuous deposit and your comfortable trading position size growth as well... and your trading risk drop gradually and meet more pitfalls as well.

after you feel okey trading 1000$ position after 1 year.
you can switch to fxsol for long time frames or mbt-f for short time-frames.

it's possible that this process is speeded up because of gifted, however I still think the orginal slow ramp plan has least risk to your capital and learning curve.

ps: you may want to move this to rookie discussions

Thank's billye but paypal is not available in my country.

don't you think 250$ account would be fine with 1000$ lot.

Pakistan is not an allowed country on the Paypal list. And even if working with an account registered at another allowed country, if you try to access the services from the unallowed one they can freeze the account.

okey I finished it here for oanda 10$ live acc opening guide.
http://www.forexfactory.com/showthre...91#post2843291

oh I see. fxop** should be the next one near, they can also trade 100$ position size with 10$ live microlot acc, but they don't have good reputation esp here.

let me try deltastock to see if their 100$ acc is okey...but their position size is 1000$ so risk wise is 10x~100x the oanda solution..

I actually don't think it a bad idea if you ask your college classmate studying in us to bother opening 10$ acc at oanda and you trade it...
wire 100$ to oanda with 20$ cost seems not a justified option? there is a 0 cost 'mail a cheque' option but seems no one have patience to try it..

problem with 1000$ micro lot acc is you are allowed to open 1 lot...

so either maximum you can lose is not as small as controlled amount (10$),
or you have a big position swinging big profit/loss every day that keeps you unconcentrated from other things in life.
when you're in profit you can be greedy, when you're in loss you can be stuck to it...

so either capital risk or effort risk may not be justified by how much is learned...
we'd better stick with an amount and effort what we can lose freely (say <10% of your monthly salary) if it's not your 100% goal for future career.