JOHN 3:16
- Joined May 2005 | Status: Member | 945 Posts
Capital Preservation is key to long term wealth accumulation
- Joined May 2005 | Status: Member | 945 Posts
Capital Preservation is key to long term wealth accumulation
Why your broker is your friend and your enemy 4 replies
Target monthly 10% 69 replies
Advisability of setting a monthly target 6 replies
My forex trading Jounal (Target >+0.01% monthly) 2 replies
Profit Target, Loss Target 1 reply
Quoting MuddBuddhaDislikedThat's on the GBP/USD. I haven't traded any others for about three months now.
The pip price of the GBP/USD is now $10.00 per pip and the USD/JPY went from $10.00 to $9.16 currently on a 100K account. Once that happened, I stopped trading all others in favor of the GBP's volatility.Ignored
Quoting MuddBuddhaDislikedWhen I opened my first account with FXsol, I had $8900. I wasn't sure how much I'd like them, so I was conservative about moving all the funds at the same time. I had been working on a new system that I started to implement with the new features that FXsol provided over Oanda. By five weeks into the new system, the account was $23,918.00. So my returns at that point were high in the % area; but I had miscalculated the lot usage to pip range thinga-mabob and was acutally trading one lot too heavy. At week six, I dropped it to the proper lot size. Fortunately for me, the GBP was in a very nice range at the time, so no harm, no foul.
I moved the remaining funds from Oanda, as well as opened a second 10K account with FXsol to trade a seperate pair on the same system.
As the accounts grow in equity, I haven't modified the lot size so i can cover more market range....so really, my weekly % would drop every week as the equity grows. Sounds weird, but that's how it works out.Ignored
Quoting Mr TrendDislikedDude. You will be broke within 60 days.Ignored