Trade what you see, not what you think.
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DislikedHi there.. I am from US and now live in Abu Dhabi... Where in Duabi do you live.. I am a part time forex trader and have been trading for 8 years..Ignored
DislikedHello,
I've decided to try something different and see how far can I go. What I'll be doing is..
- I'll trade an account with an opening balance of about $1,122
- Every trade will be with a 100 pips stop-loss and a target of 200 pips.
- The first trade will be risking $25, if its a win (200 pips), then in the next trade the risk will be $50, then $100, then $200, then $300, then $400, then $500 and so on (I might stay for a while at risking $500, I'll decide when I get there)
- If I lose a trade at any point, I will go back to risking $25 and...Ignored
DislikedHello,
I've decided to try something different and see how far can I go. What I'll be doing is..
- I'll trade an account with an opening balance of about $1,122
- Every trade will be with a 100 pips stop-loss and a target of 200 pips.
- The first trade will be risking $25, if its a win (200 pips), then in the next trade the risk will be $50, then $100, then $200, then $300, then $400, then $500 and so on (I might stay for a while at risking $500, I'll decide when I get there)
- If I lose a trade at any point, I will go back to risking $25...Ignored
DislikedHi Karmo,
It sounds like a great idea.
I'm doing something similar at the moment. Here's a compounding plan I'm using as a basic guideline. I have something else in excel I can mail you if you like that you can customize to fit your trading style, account growth curve.
best of luck with your plan!Ignored
DislikedHello,
I've decided to try something different and see how far can I go. What I'll be doing is..
- I'll trade an account with an opening balance of about $1,122
- Every trade will be with a 100 pips stop-loss and a target of 200 pips.
- The first trade will be risking $25, if its a win (200 pips), then in the next trade the risk will be $50, then $100, then $200, then $300, then $400, then $500 and so on (I might stay for a while at risking $500, I'll decide when I get there)
- If I lose a trade at any point, I will go back to risking $25 and...Ignored