I've been in/out of FX for quite a long time (~6 years), mainly in demo but also had a few unsuccessful small "training" live accounts.
Opened this one up and posting here mainly to give me some more encouragement to trade as responsibly as possible.
Will try to update this thread with some trade justification etc.
Here are a few points to the strategy I plan to trade:
- Mainly PA/trend based
- EURUSD/GBPUSD/EURGBP/USDCHF/USDJPY main pairs traded
- No strict SL/TP, these are based on levels of recent support/resistance
- Further to the above, SL will generally be max 2% of balance away from open price and TP depending on perceived strength of trade.
Have a larger deposit to make if I can prove consistency with this balance.
Opened this one up and posting here mainly to give me some more encouragement to trade as responsibly as possible.
Will try to update this thread with some trade justification etc.
Here are a few points to the strategy I plan to trade:
- Mainly PA/trend based
- EURUSD/GBPUSD/EURGBP/USDCHF/USDJPY main pairs traded
- No strict SL/TP, these are based on levels of recent support/resistance
- Further to the above, SL will generally be max 2% of balance away from open price and TP depending on perceived strength of trade.
Have a larger deposit to make if I can prove consistency with this balance.