Welcome aboard. You have all the credentials for success - how is it going this year to date?
However, FX is mostly a singular road, as traders have differing views on their favoured style of trading. For example, I Ichimoku trend trade on the daily and 4hr charts - and my strict selective focus would probably be totally different from how you select your open trades, let alone how you manage them to closure.
However again, there could be traders using this site who would welcome your approach. Best of luck.,
Every day, I review my chosen trending trade pairs - a dozen. These are ones that have brought me consistent profit over time at a 65% win rate. The three best consistent trend pairs are AUD/USD, EUR/JPY & USD/JPY
As for actual trade opportunities these are taken as and when, but on average one or two a week.
Why? Because I like the challenge, and my otherwise pension income is enough to keep me solvent and happy with life.
But for those who need more financial support, it’s a basic truism that, if you know what you’re doing, money makes money. IMO, it’s pointless to expect a small account of less than 10K to pay for all your outgoings, let alone reach financial freedom.
Why? If you can consistently make 2% profit each month, a $2k profit would probably fit the bill. If you consider that you can make a hell of a lot more you’re in for a sad surprise, because pro traders would bite your hand off for a consistent APR of 24%…
Hi Ben, I’ve been trading for about 2.5 years. First year broke even (after initial big losses) 2nd year made 100% rate of return, hopefully this year will do similarly well. I have similar win rate to you. I trade any time frame. I mostly trade oil and copper, but also trade the eur/chf pair. I occasionally dio into a share if it’s looking partic tempting (but never seem to do well on shares for some reason) Happy to trade ideas with you! My first prediction is that I think oil prices will gap lower at sunday open (let’s see if I end up looking daft now i’ve posted this on a public forum :-))