If you have a nice strategy you can make 10-100+pips daily
I don’t think you understand the term “over leveraging”. 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, you’re 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 MMR…Over-leveraging is a dangerous thing…
If you truly think this is a “nice plan” you need to go study proper risk management. Traders like you will never make it.
@leevan9 please you don’t know my plans, strategys, balance and i don’t know yours too, so if you think you are a good trader nice am happy for you but don’t judge my plan or say bad about it, so if the plan is not good for you don’t 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 I’m just pointing out your major and most deadly flaw. I’m not here to insult you, in fact I’m 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.
You’re certainly stacking the cards against yourself with this plan, or wish list. I know it’s a bitter pill to swallow, but think about it.
But, you saw his results in the first post! How can you argue with that…? !
I’m pretty sure that someone whose first post shows such outstanding results isn’t looking
Ha, I know, we’ve all been there and knocked up a nice Excel template.
If I recall correctly mine looked something like making 50% every month, I couldn’t 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
Don’t have to see your account. I’m 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 can’t recall how many iterations of this I made!
It would be so simple! I couldn’t believe people hadn’t done it yet!
I found Forex trading to be such a simple concept that is so difficult to master!
Well, it looks like @KNIGHTLORD forgot to post details of his plan.
Yeeeup. I guess so.
The beginner's guide to FX trading