So…
After the ‘flash crash’ (if that is what it was) of October 2016, where I lost all my money in my live account (as I discussed in my FreeFX video here: FreeFX video: Time to admit Defeat? ), I opened a £50000 demo account with FXCM, with some help from @Jason_Rogers, in Feb.2017.
Since then, I traded that account and nothing else, first only through UsdTry (as discussed in my thread here: USD/TRY: an incredible pair ) then also through other exotic pairs, namely EurTry, UsdMxn, UsdSek, and UsdZar. Following an account rise to above £58000,between Nov.2017 and Feb.2018 I made some changes due to the UsdTry entering a long congestion period: trying to make money on other exotics I overtraded and reduced the account to between £10000 and £11000.
Since then, I brought the account up to about £36000 but then pursued long-term carry through buying Turkish Lira and managed to accrue nearly £2000 in positive carry. However, in August the Turkish currency crisis reached fever pitch and the Lira plummeted to new record lows each day until, in spite of careful management, I was margin called and lost a big part of that account.
In September I started rebuilding a strategy and some confidence: after some bad trades in unfamiliar territory, which reduced my account even further (to about £330), I started again on day trading and concentrating on the no-commission, low-spread, cheap maintenance margin requirements afforded by the Nasdaq100.
I am now approaching £1700 and I know that the trailing stops approach is working well.
The journey continues…
Happy Trading