What is you risk reward ratio? 5% is the limit for me as far as risk is concerned.
Tim's £500 marathon. Goal £1 million
How's your journey going? I know as far as professionals go they use such a small percentage of their account per trade but I use up to 20 percent with no problems if swing trading
Each losing trade is an opportunity to learn
- #587
- Edited 1:44am Apr 15, 2015 1:16am | Edited 1:44am
- | Joined Jul 2011 | Status: Trader | 1,356 Posts
Don't compare professional money managers that have billions of dollars with somebody who starts with $500, it's obvious that he needs to risk more than 2% if he has goal to reach $1M. There's no pressure, if he loses all nothing happens, he can start again 
You can decrease risk when your capital grow a little bit, let's say to $10000, but it's long way
You can decrease risk when your capital grow a little bit, let's say to $10000, but it's long way 
Don't compare professional money managers that have billions of dollars with somebody who starts with $500, it's obvious that he needs to risk more than 2% if he has goal to reach $1M. There's no pressure, if he loses all nothing happens, he can start again
.All those professional traders have a substantial amount of money to trade compared to me. I dont.
They follow the text book rule of "2%"risk, I dont..
2% risk to me is not satifactory with my small account. Maybe when I get to $100k then 2% risk would be satisfactory
Trade smart, not hard
Banked 10.6% gain today...Banked it all before the euro started acting crazy which is I anticipated...But it was a great trading day for me{image}
Each losing trade is an opportunity to learn
Account now doubled and I have move up the leaderboard 
How have a managed come this far?
Afterall I am a charlatan and nothing but a 7-month demo trader right? Because of this means I do not know how to trade right? I must study forex for 7 years in order to be profitable right? I need to blow several accounts to be a millionaire right?
I don't want to sound cocky, but I am probably one of the few highly skilled advanced traders on Forex Factory, if not the world.
How have a managed come this far?
Afterall I am a charlatan and nothing but a 7-month demo trader right? Because of this means I do not know how to trade right? I must study forex for 7 years in order to be profitable right? I need to blow several accounts to be a millionaire right? I don't want to sound cocky, but I am probably one of the few highly skilled advanced traders on Forex Factory, if not the world.
Trade smart, not hard
Keep it up, but look like soon you will become God? 
Pls do not win all the money in the world, we need some too. Thanks.
The only winner is the one who survive the longest...
Account now doubled and I have move up the leaderboard
though u do really make me jealous.Keep it up mate!
{quote}
..Yes I will become the Forex God when I turn my small $500 account to a mill. Those that doubted me will become believers Trade smart, not hard
{quote} Arrogant B*st*rd. But I LIKE It.
Don't be jealous, be motivated. Dont listen to those so caled "gurus" who tell you that you need to blow 5 accounts just to be profitable in Forex or you have to study forex for 10 years
All those claims that these guru's create make me laugh because I have basically broken this ridiculous myth.
These so called gurus here swear they have made millions trading forex, but will never put up a real account trade explorer for proof. Always making excuses.
Dont listen to anyone who you do not see yourself in. If they have never made a million from trading and dont have evidence of performance...Dont listen to them. Or you will find yourself getting scammed.
Trade smart, not hard