My trading progress (Stage 2) on FXCM Demo Account

Trading Discussion Trade Journals
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1- Continuing the discussion from Sufshiken Trading Progress:

2- Continuing the discussion from Have I proved wrong the Rule of 90/90/90 or not? :slight_smile::

Since I have completed the 1st stage of my forex trading, so I am discontinuing to posting my trading progress in the above two threads.

That’s why I am creating a new thread to post my results from onward for the review of BP community.

Hi BP community

After completing the 1st stage of my Demo trading with XMGlobal, I have opened a new Demo account with FXCM on 2nd April, 2019 with the initial Equity of US$.50,000 and 1:400 leverage.

Here is the results of my first week progress for your review.

fxcm1
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fxcm2
fxcm2923×571 34.6 KB

and here is Myfxbook - FXCM Demo Account Link

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.UPDATE FOR MY 2ND STAGE PERFORMANCE

I couldn’t trade during three weeks of April, 2019 due to some domestic issues, that’s why I could not update my thread.

Here is the screenshot of my latest trades of 1st week of May, 2019.

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image
image928×563 34.8 KB

And here is Myfxbook account;s link.

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UPDATE OF 2ND WEEK OF MAY, 2019

Hi BP Community

Here is my last week trading progress for your review and comments:

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1945×613 137 KB

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And here is Myfxbook account’s link

Sufshiken

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Hi again

Here is an Update of my trading results from 1st May to 17th May, 2019.

I started my account with the balance of US$.50,000/= and 400:1 leverage. But I always tried to restrict myself not to use leverage more than 5:1. (50,000 *5 = 250,000).

I always take/calculate 1% risk of my outstanding balance before opening a new trade. (If I took $250,000 as current O/S balance then 1% of which would be $,2,500/=, maximum risk to be taken to open a trade).

Here is the snapshot of my account statement for the period from 1st to 17th May, 2019

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2920×573 37 KB

And here is the link of Myfxbook account

Sufshiken
Your FUTURE is destined by what YOU do TODAY, not Tomorrow.

Edit: But, in two instances, I violated my risk management and availed up to 2% risk for my trades.

Edit 2: These days I am on Fasting (observing Ramazan in my country).

Usually, after retuning to Home from my Office, I take a look at the charts on my system and book a trade along with setting my TP and Sl.

After doing so, I take short sleep after 3 pm (GMT+5) my local time for few hours. That’s why you may observe few trades in which either I booked losses or couldn’t availed more profit rather loosed my unrealized profit.

Just because I was unable to exit or readjust these trades on time as I was away from my system due to taking nap or sleeping at that time.

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@anon58863749 ,

Nice job!

I find I have to continually be aware my emotional state following my rules.

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Thanks @frandlost for your appreciation.

Best of luck for your Demo trading.

Sufshiken