If yes… what’s your experience, trading plan and future goals?
You can share your risk management plan and what type of trades you do
I’m currently exploring prop firms. My plan is a blend of day and swing trading, mostly with Forex and some stocks. I follow a strict risk management plan, never risking more than 1-2% per trade and always using stop losses.
My long-term goal is to grow my trading capital and become a consistently profitable trader. My trading style is trend-following, using tools like moving averages, RSI, and MACD.
I am aiming to get funded by LUX Trading Firm. I am confident that my strategy is profitable, and will keep me in good stead for the future. As LUX has no time limits, it suits me as I trade frugally, and only when I consider that every trade order would have a positive probability of being a winning trade. …
Early days yet.with a negative $14 total, brought about by a large retracement spike, that cost me $20. Otherwise, progress is as I hoped for. Once I am in monthly profit I will gradually increase my risk exposure, which is currently around 1% per trade.
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What? A spike?
A FX spike is a quick and large one way price action movement, mostly caused by an important fundamental media report, which radically affects the market sentiment.
These spikes are common nowadays while a major war is continuing, plus inflation, plus you name it, it’s not easy to trade successfully.