Hi Randon,
Thanks for the post.
I've got to tell you that I think I'm the same!!! When I first started writing computer software for instance it took me an ABSOLUTE AGE (longer than most) to learn and understand the language that I was first introduced to (CA-Clipper at the time) and then one day, after MANY MANY MANY late nights and 'no sleep' nights, 'the penny finally dropped' (I can even remember the day) and since then it's become ALMOST 'second nature' to me and I can usually grasp the concept (at very least) of most languages that have been thrown at me over the years!!! Same with 'the book'. I've read 'the book' so many times from cover to cover I've lost count but again, eventually, 'the penny dropped' (although I must confess that everytime I refer to it or sometimes maybe just need confirmation of something I find something new in it that I may either have missed or misinterpreted before i.e. some new 'Wilder gem or pearl of wisdom' that I may just not have understood correctly)!!! It's kind of like 'the gift that keeps on giving' (well for me anyway)!!! (I'm even thinking of buying a second copy for when this one 'wears out')!!!
As far as opening an account with $1 000 is concerned:
Look: at Deltastock you're fine to do this simply because you have control over the lost size and cost BUT I would not recommend nor encourage anyone to open an account with GCI (or any other broker that offers commodities) with less that $2 000. Also: always bear in the mind money managment rules. I personally believe that (if NOTHING else) I've found the 'sweet spot' as far as money management is concerned i.e. never more than 1.875% of the account's capital balance being used on a single position / instrument at any one time and never more than 15% of the account's capital balance being used as margin at any one time. On a $1 000 account this means that the maximum amount of margin that may be used on a single position / instrument is $18 (and I round it DOWN not up AND when I say $18 I MEAN $18 NOT $18.01!!!). All it means is that in the beginning you would only be able to trade one single lot of 1000 units of GBP/USD (for example) i.e. currently the margin cost of a single lot of 1 000 units of GBP/USD is $9.82 and although this does not sound like a lot believe me that in no time your capital balance will grow and it wont be long before two lots is now your maximum and so on and so forth (and I'm talking DAYS here not weeks or months). 'In keeping' with the 15% maximum this allows you to have between 8 and 10 positions open at any one time and this is very effective. Also: I'm surprised myself at how well these systems are doing on forex pairs now (again: I think I've found a couple of 'sweet spot tweaks' for forex pairs like the 'revised' 'Quote Price Factor' or 'QPF' i.e. the old 'PIPFACTOR' for instance). Money management is all important though. I now believe that had I only taken money management advice earlier (last year) there is NO WAY I'd have landed up in the situation I did last year!!! I truly believe that a combination of sound money management with Wilder's systems cannot be beat. EVER!!!
Anyway: I hope that answers all of your questions.
(Just to clarify though: the minimum of $2 000 as on our website is for accounts that WE manage i.e. WE trade i.e. with $2 000 you can generate some 'meaningful' profit for the client as well as make some decent comission of course).
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