If you have a nice strategy you can make 10-100+pips daily
I donāt think you understand the term āover leveragingā. Your lot sizes are way too big for the account balance you have. If you use a 0.01 lot size per $100 in your account, youāre risking 1% a trade. You are risking well over 60% of your account just to catch 10 pips. I highly advise you re-evaluate your thinking and trading strategy if you plan on lasting in this industry.
True, still you have to consider instrument minimum margin requirement MMRā¦Over-leveraging is a dangerous thingā¦
If you truly think this is a ānice planā you need to go study proper risk management. Traders like you will never make it.
@leevan9 please you donāt know my plans, strategys, balance and i donāt know yours too, so if you think you are a good trader nice am happy for you but donāt judge my plan or say bad about it, so if the plan is not good for you donāt use it BRO.
If only you are good you might understand the plan a little thanks @leevan9 for your reply
Oh I understand your plan, BRO. But Iām just pointing out your major and most deadly flaw. Iām not here to insult you, in fact Iām trying to help you but you seem to be offended by the truth.
The posts by @leevan9 are pretty spot on, blunt, but spot on.
Youāre certainly stacking the cards against yourself with this plan, or wish list. I know itās a bitter pill to swallow, but think about it.
But, you saw his results in the first post! How can you argue with thatā¦? !
Iām pretty sure that someone whose first post shows such outstanding results isnāt looking
for criticism?
Ha, I know, weāve all been there and knocked up a nice Excel template.
If I recall correctly mine looked something like making 50% every month, I couldnāt sleep afterwards at the thought of being super duper rich.
Its just a hypothesis of a trading plan not sure if he has ever done it on the trap
Donāt have to see your account. Iām just saying you posted nothing. If you posted maybe your actual strategy then sure. All you posted was fancy numbers which everyone hopes for.
I canāt recall how many iterations of this I made!
It would be so simple! I couldnāt believe people hadnāt done it yet!
I found Forex trading to be such a simple concept that is so difficult to master!
Good luck!
KC
Yeeeup. I guess so.
Sure my life changing only 30 trade 100%
Thanks sir
Godbless you
You are doing great with your trading system. It looks like your personalized trading journal that is constantly going in ascending order. Many congratulations.