Hello ALL! Welcome to my first official Forex Journey!
My name is Cey from U.S.A. I’m 1 year old in the Forex Market.
After 1 year of practice and finally came up with strategies that fits my trading style(Intraday Trading), I am putting it to the real test. I have no mentor or what so ever so everything I learned so far is self thought. The Goal is to try to hit 1 Million by the end of the year but we’ll see where I’m really at when the time comes. I’m a visual person so I will be using technical analysis to help with trading. The initial plan was to compound 20% each day but after first day trading today(07Jan2019) with the real account I can only max out 6% not 20% like on the demo, might be due to the account size, idk. Demo started at 50k while real is only 250. I will most likely be doing 1 trade 50pips pre day, or if I feel like scalping I will do 5 to 10 trades of 10+pips pre day to reach my 50 pips pre day traget maybe even up to 100pips or more pre day if I see that the market is moving in my favor. There’s a high chance I can reach it if I win 3/5 trades at 60%W/40%L. Strategy is at 89% win ratio.
What I will be using:
Initial investment: $250(Minimum deposit requirement from Broker)
Risking: 1:1, 50pips, 6% of Balance PRE. DAY.
Daily Compound Interest of 6%
I will scan through 15 pairs to find a good pair to trade, but will mainly focus on trading GBPJPY.
These are the pairs I will be looking at because they are the lowest spreads the Forex.com offers(not the greatest spreads):
AUDCAD/ AUDUSD/ AUDJPY/ CADJPY/ USDJPY/ EURJPY/ CHFJPY/ GBPJPY/ EURCHF/ EURGBP/ EURUSD/GBPUSD/ NZDUSD/ USDCAD/ USDCHF.
Can Join me on this journey if you guys like.
Can check out my trading status on this link:
Thank you for visiting and sorry for the broken English.
May this year be a profitable year to you all!