I've designed my Money management plan with targets/goals

[Nabilromeo]

Hey guys, sorry to interrupt ur so advanced trading conversation, im just reading around(im new :p) and i always see this risk in % and id like to ask, how do you calculate your risk? When you mean 2% does that mean ur using only 2% of your capital when evern u buy/sell and thats what you call risk? It might seem stupid but i dont understand it

Sorry and thanks again

PD: anyone using oanda fxtrade? I want to open a real account and dont know if its trusted or not

[Pilot99]

I’m still pretty new to this, however, I was hoping to get a little feedback.

Based off a $200 starting balance in my live account with 50:1 leverage
If a monthly goal is achieved earlier than expected, I move on to next months goal.
If my regular income allows, I can deposit additional funds into the account to accelerate the plan.

The plan considers both Monthly and yearly goals/targets. The lot sizes denoted in yellow are what I will allow myself to trade on any given position at the current account balance. i.e. For the month of March in my spreadsheet, I have already achieved the target. So I am now on my April step.

Anyway, thanks in advance for any feedback.

fi

Hi fihunts,

I noticed that you posted your plan back in 2011 for 5 years projections and your excel sheet shows up to 2015.

Well, it’s 2016 now and it would be very much appreciated if you can let us know how the whole thing worked out for you so far.

Thanks,

[lexys]

it would be very much appreciated if you can let us know how the whole thing worked out for you so far.

The OP also hasn’t logged in here for over 5 years, Pilot, as you’d have seen for yourself, if you’d bothered to check.

Is it [I]really[/I] necessary, in these circumstances, to bump ancient threads like this, so that they occupy a space on the front page of the thread-listings, displacing something current?! :rolleyes: