I am the type of person who thrives on showing other people what I can do. As you know, showing off in forex trading is very difficult and is sometimes frowned upon by many people. Almost no one I personally know understand the true nature of forex. They don’t understand it is a probability game where trade fails and drawdown occurs. They don’t see the big picture.
Please don’t take this journal the wrong way. I am doing this to replicate the environment where I thrive. If you are going to attack me for showing off, please do so after this journal fails which is very likely. If was already successful, i won’t be doing this. Hahahaha, just saying.
I am risking 10% per trade. This is big to most of you but I am not putting all my capital on my trading account. I have the rest of my capital on the bank and will deposit the rest if there is a need to do so. If you combine the amount on my account and the one on my bank, risk will be at 2% per trade. Risk reward is at least 1:2 or as high as 1:4.
Thanks for the noticing the typo. Yes, I’ve been studying, watching charts, demoing and also tried trading live but blew up one small account. Hopefully, this time would be better.
Personally I think that is a GOOD strategy and I’m surprised more people don’t use it instead of putting a lot of money in an account and then complaining that they have been “scammed” if it disappears.
In over 30 years’ trading in various different ways and places and markets, I’ve never yet seen or even heard of any method or system that can in the long term survive 10%-per-trade risk-exposure, so I’m really intrigued!